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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 03dfBcmpd8TVnZ8nRAlfFg==

<SEC-DOCUMENT>0001209191-03-033658.txt : 20031204
<SEC-HEADER>0001209191-03-033658.hdr.sgml : 20031204
<ACCEPTANCE-DATETIME>20031204160402
ACCESSION NUMBER:		0001209191-03-033658
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031203
FILED AS OF DATE:		20031204

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HELMERICH & PAYNE INC
		CENTRAL INDEX KEY:			0000046765
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				730679879
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		UTICA AT 21ST ST
		CITY:			TULSA
		STATE:			OK
		ZIP:			74114
		BUSINESS PHONE:		9187425531

	MAIL ADDRESS:	
		STREET 1:		UTICA AT 21ST ST
		CITY:			TULSA
		STATE:			OK
		ZIP:			74114

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			RUST EDWARD B JR
		CENTRAL INDEX KEY:			0001196159

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04221
		FILM NUMBER:		031038134

	BUSINESS ADDRESS:	
		STREET 1:		MCGRAW-HILL COMPANIES
		STREET 2:		1221 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020
		BUSINESS PHONE:		2125122909

	MAIL ADDRESS:	
		STREET 1:		MCGRAW-HILL COMPANIES
		STREET 2:		1221 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-12-03</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000046765</issuerCik><issuerName>HELMERICH &amp; PAYNE INC</issuerName>        <issuerTradingSymbol>HP</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001196159</rptOwnerCik><rptOwnerName>RUST EDWARD B JR</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>ONE STATE FARM PLAZA</rptOwnerStreet1><rptOwnerStreet2></rptOwnerStreet2><rptOwnerCity>BLOOMINGTON</rptOwnerCity><rptOwnerState>IL</rptOwnerState><rptOwnerZipCode>61710</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeTransaction><securi
tyTitle><value>Common Stock (right to buy)</value></securityTitle><conversionOrExercisePrice><value>24.1600</value></conversionOrExercisePrice><transactionDate><value>2003-12-03</value></transactionDate><deemedExecutionDate></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>1400.0000</value><footnoteId id="F1" /></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-12-03</value></exerciseDate><expirationDate><value>2013-12-03</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>1400.0000</value></underlyingSecu
rityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1400.0000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">These options were granted under the Helmerich &amp; Payne, Inc. 2000 Stock Incentive Plan on 12/03/03. These options vested on the date of grant.</footnote></footnotes><remarks></remarks><ownerSignature><signatureName>/s/ Jonathan M. Cinocca, by Power of Attorney</signatureName><signatureDate>2003-12-04</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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