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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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 ltWVXcmbwj2isvh7mEa6lQ==

<SEC-DOCUMENT>0001209191-03-034926.txt : 20031215
<SEC-HEADER>0001209191-03-034926.hdr.sgml : 20031215
<ACCEPTANCE-DATETIME>20031215111117
ACCESSION NUMBER:		0001209191-03-034926
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031204
FILED AS OF DATE:		20031215

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
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04221
		FILM NUMBER:		031053371

	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
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-12-04</periodOfReport><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</officerTitle></reportingOwnerRelationship></reportingOwner><nonDerivat
iveTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-12-04</value></transactionDate><deemedExecutionDate></deemedExecutionDate><transactionCoding><transactionFormType>5</transactionFormType><transactionCode>G</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value>E</value></transactionTimeliness><transactionAmounts><transactionShares><value>1700.0000</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>213337.0000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value><footnoteId id="F1" /></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><footnotes><footnote id="F1">
The amount of securities reported following the gift transaction includes the following:  20,020 shares held indirectly in the reporting person's 401(k) account as of 9/30/03; 16,800 shares held indirectly as trustee for various accounts where beneficial ownership is denied; and 23,245 shares held indirectly -- benefical ownership is denied as such shares are owned directly by the reporting person's spouse. </footnote></footnotes><remarks></remarks><ownerSignature><signatureName>/s/ Hans Helmerich</signatureName><signatureDate>2003-12-15</signatureDate></ownerSignature></ownershipDocument>

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