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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Bsb+9U5EA7PG3UK1SdmOSk714ukItAJ8I1SqdIPSr/9APN0atX1HgR1mB6jGQ5+n
 vjczCNkv8Q58kFYeMCqelA==

<SEC-DOCUMENT>0001209191-03-033708.txt : 20031204
<SEC-HEADER>0001209191-03-033708.hdr.sgml : 20031204
<ACCEPTANCE-DATETIME>20031204180600
ACCESSION NUMBER:		0001209191-03-033708
CONFORMED SUBMISSION TYPE:	4/A
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:			HELMERICH HANS
		CENTRAL INDEX KEY:			0001196793

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04221
		FILM NUMBER:		031038717

	BUSINESS ADDRESS:	
		STREET 1:		C/O CIIRMAREX ENERGY CO
		STREET 2:		707 17TH ST. #3300
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202-3404
		BUSINESS PHONE:		3032353995

	MAIL ADDRESS:	
		STREET 1:		C/O CIIRMAREX ENERGY CO
		STREET 2:		707 17TH ST. #3300
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202-3404
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>doc4a.xml
<DESCRIPTION>FORM 4/A SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4/A</documentType><periodOfReport>2003-12-03</periodOfReport><dateOfOriginalSubmission>2003-12-04</dateOfOriginalSubmission><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000046765</issuerCik><issuerName>HELMERICH &amp; PAYNE INC</issuerName>        <issuerTradingSymbol>HP</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001196793</rptOwnerCik><rptOwnerName>HELMERICH HANS</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>1579 E. 21ST ST.</rptOwnerStreet1><rptOwnerStreet2></rptOwnerStreet2><rptOwnerCity>TULSA</rptOwnerCity><rptOwnerState>OK</rptOwnerState><rptOwnerZipCode>74114</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>President &amp; CEO</offic
erTitle></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeTransaction><securityTitle><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>90000.0000</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2004-12-03</value><footnoteId id="F1" /></exerciseDate><expirationDate><value>2013-12-03</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Sto
ck</value></underlyingSecurityTitle><underlyingSecurityShares><value>90000.0000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>90000.0000</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 vest over 4 years in 25% increments.  The noted date represents the first date options vest and become exercisable.</footnote></footnotes><remarks>This amended Form 4 has been filed to correct the Exercisable Date reflected in Column 6 from "12/04/2003" to the correct date of "12/03/2004."</remarks><ownerSignature><signatureName>Jonathan M. Cinocca, by Power of Attorney</signatureName><signatureDate>2003-12-04</signatureDate></ownerSignature></owne
rshipDocument>

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