<SEC-DOCUMENT>0001047469-19-000517.txt : 20190215
<SEC-HEADER>0001047469-19-000517.hdr.sgml : 20190215
<ACCEPTANCE-DATETIME>20190215161854
ACCESSION NUMBER:		0001047469-19-000517
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20190215
DATE AS OF CHANGE:		20190215

FILER:

	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

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-229398
		FILM NUMBER:		19611718

	BUSINESS ADDRESS:	
		STREET 1:		1437 S. BOULDER AVE., SUITE 1400
		CITY:			TULSA
		STATE:			OK
		ZIP:			74119
		BUSINESS PHONE:		9187425531

	MAIL ADDRESS:	
		STREET 1:		1437 S. BOULDER AVE., SUITE 1400
		CITY:			TULSA
		STATE:			OK
		ZIP:			74119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HELMERICH & PAYNE INC
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Helmerich & Payne International Drilling Co.
		CENTRAL INDEX KEY:			0001305993
		IRS NUMBER:				730765153
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-229398-01
		FILM NUMBER:		19611717

	BUSINESS ADDRESS:	
		STREET 1:		1437 S. BOULDER AVE. SUITE 1400
		CITY:			TULSA
		STATE:			OK
		ZIP:			74119
		BUSINESS PHONE:		918-742-5531

	MAIL ADDRESS:	
		STREET 1:		1437 S. BOULDER AVE. SUITE 1400
		CITY:			TULSA
		STATE:			OK
		ZIP:			74119
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>a2237702z424b3.htm
<DESCRIPTION>424B3
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<P><FONT SIZE=3 >
Use these links to rapidly review the document<BR>
<A HREF="#bg42501_table_of_contents">  TABLE OF CONTENTS</A><BR></font>
</P>

<P style="font-family:times;"><FONT SIZE=2>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->


<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2><A
NAME="bc42501_filed_pursuant_to_rule_424(b)(__fil01830"> </A>
<A NAME="toc_bc42501_1"> </A>
<BR></FONT><FONT SIZE=2><B>  Filed Pursuant to Rule 424(b)(3)<BR>  Registration Statement No.&nbsp;333-229398    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>PROSPECTUS  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>
<IMG SRC="g1045672.jpg" ALT="LOGO" WIDTH="144" HEIGHT="99">
  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B>Helmerich&nbsp;&amp; Payne,&nbsp;Inc.  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=3><B>OFFER TO ISSUE<BR>
$487,148,000 aggregate principal amount of 4.65% Senior Notes due 2025<BR>
THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF&nbsp;1933,<BR>
AS AMENDED,<BR>
IN EXCHANGE FOR<BR>
ALL OUTSTANDING AND UNREGISTERED<BR>
$487,148,000 aggregate principal amount of 4.65% Senior Notes due 2025  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B>Guaranteed by Helmerich&nbsp;&amp; Payne International Drilling&nbsp;Co.  </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The exchange offer will expire at 5:00&nbsp;p.m., New York City time, on March&nbsp;18, 2019, unless we extend or earlier terminate the
exchange offer. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B>The Exchange Notes:  </B></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> Helmerich&nbsp;&amp; Payne,&nbsp;Inc. ("Parent") is offering to issue (the "exchange offer") $487,148,000 aggregate principal amount of 4.65%
Senior Notes due 2025 (the "New Notes") that have been registered under the Securities Act of 1933, as amended (the "Securities Act"), in exchange for outstanding unregistered $487,148,000 aggregate
principal amount of 4.65% Senior Notes due 2025 (the "Old Notes"). The term "Notes" refers to both the Old Notes and the New Notes. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> The terms of the New Notes offered in the exchange offer are substantially identical to the terms of the Old Notes, except that the New Notes
will be registered under the Securities Act and certain transfer restrictions, registration rights and additional interest provisions relating to the Old Notes do not apply to the New Notes. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> The New Notes will be guaranteed on a senior unsecured basis by Helmerich&nbsp;&amp; Payne International Drilling&nbsp;Co. ("H&amp;P
Drilling&nbsp;Co."), a wholly owned subsidiary of Parent. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><B>Material Terms of the Exchange Offer:  </B></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> The exchange offer expires at 5:00&nbsp;p.m., New York City time, on March&nbsp;18, 2019, unless extended. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> Upon expiration of the exchange offer, all Old Notes that are validly tendered and not withdrawn will be exchanged for an equal principal amount
of the New Notes. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> You may withdraw tendered Old Notes at any time prior to the expiration of the exchange offer. </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> The exchange offer is not subject to any minimum tender condition, but is subject to customary conditions. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> If you fail to tender your Old Notes, you will continue to hold unregistered securities and it may be difficult for you to transfer them. </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> Each broker-dealer that receives New Notes for its own account in exchange for Old Notes, where such Old Notes were acquired by such
broker-dealer as a result of market-making activities or other trading activities, must acknowledge that it will comply with the registration and prospectus delivery requirements of the Securities Act
in connection with any offer, resale or other transfer of such New Notes, including information with respect to any selling holder required by the Securities Act in connection with the resale of the
New Notes. We have agreed that for a period of 180&nbsp;days after the effective date of the registration statement of which this prospectus forms&nbsp;a part (or for such shorter period during
which broker-dealers are required by law to deliver such prospectus), we will make this prospectus available to any broker-dealer for use in connection with any such resale. See "Plan of
Distribution." </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> There is no existing public market for the Old Notes or the New Notes. We do not intend to list the New Notes on any securities exchange or
quotation system. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><I>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="25%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="25%" ALIGN="CENTER" >


  </I></FONT><FONT SIZE=2>

<!-- COMMAND=ADDING_LINEBREAK -->

<BR></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Investing in the New Notes involves risks. See "Risk Factors" beginning on
page&nbsp;12.</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><I>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="25%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="25%" ALIGN="CENTER" >


 </I></FONT><FONT SIZE=2>

<!-- COMMAND=ADDING_LINEBREAK -->

<BR></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or
the accuracy of this prospectus. Any representation to the contrary is a criminal offense.</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>Prospectus
dated February&nbsp;15, 2019 </FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=649471,FOLIO='blank',FILE='DISK116:[19ZAI1.19ZAI42501]BC42501A.;13',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_bg42501_1_1"> </A>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="BG42501A_main_toc"></A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bg42501_table_of_contents"> </A>
<BR></FONT><FONT SIZE=2><B>  TABLE OF CONTENTS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
<A NAME="BG42501_TOC"></A> </FONT></P>
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->
<!-- COMMAND=ADD_START_LINKTABLE -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="25pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Page </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#bi42501_market_and_industry_data"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>MARKET AND INDUSTRY DATA</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#bi42501_market_and_industry_data"><FONT SIZE=2>ii</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#bi42501_cautionary_note_regarding_forward-looking_statements"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#bi42501_cautionary_note_regarding_forward-looking_statements"><FONT SIZE=2>ii</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#ca42501_summary"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>SUMMARY</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#ca42501_summary"><FONT SIZE=2>1</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#da42501_risk_factors"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>RISK FACTORS</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#da42501_risk_factors"><FONT SIZE=2>12</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#da42501_use_of_proceeds"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>USE OF PROCEEDS</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#da42501_use_of_proceeds"><FONT SIZE=2>16</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dc42501_the_exchange_offer"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>THE EXCHANGE OFFER</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dc42501_the_exchange_offer"><FONT SIZE=2>17</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#de42501_description_of_the_new_notes"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>DESCRIPTION OF THE NEW NOTES</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#de42501_description_of_the_new_notes"><FONT SIZE=2>26</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#di42501_u.s._federal_income_tax_considerations"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>U.S. FEDERAL INCOME TAX CONSIDERATIONS</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#di42501_u.s._federal_income_tax_considerations"><FONT SIZE=2>46</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dk42501_certain_erisa_considerations"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>CERTAIN ERISA CONSIDERATIONS</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dk42501_certain_erisa_considerations"><FONT SIZE=2>47</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dk42501_plan_of_distribution"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>PLAN OF DISTRIBUTION</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dk42501_plan_of_distribution"><FONT SIZE=2>50</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dk42501_legal_matters"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>LEGAL MATTERS</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dk42501_legal_matters"><FONT SIZE=2>51</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dk42501_independent_registered_public_accounting_firm"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dk42501_independent_registered_public_accounting_firm"><FONT SIZE=2>51</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dk42501_where_you_can_find_more_information"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>WHERE YOU CAN FIND MORE INFORMATION</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dk42501_where_you_can_find_more_information"><FONT SIZE=2>51</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
<!-- COMMAND=ADD_END_LINKTABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>i</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=2,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=207982,FOLIO='i',FILE='DISK116:[19ZAI1.19ZAI42501]BG42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_bi42501_1_2"> </A>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus is part of a registration statement we have filed with the Securities and Exchange Commission (the "SEC"). We have not authorized anyone to
provide any information or to make any representations other than those contained in this prospectus or in the letter of transmittal accompanying this prospectus. We take no responsibility for, and
can provide no assurance as to the reliability of, any other information that others may give you. This prospectus may only be used where it is legal to exchange the Old Notes for the New Notes, and
this prospectus is not an offer to exchange or a solicitation to exchange the Old Notes for the New Notes where such an offer, solicitation or exchange would be unlawful. You should assume that the
information appearing in this prospectus is accurate only as of the date on the cover of this prospectus and that any information we have incorporated by reference is accurate only as of the date of
the document incorporated by reference. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
prospectus does not contain all the information included in the registration statement, including its exhibits and schedules. For further information about us and the Notes
described in this prospectus, you should refer to the registration statement and its exhibits and schedules. Statements we make in this prospectus about certain contracts or other documents are not
necessarily complete. When we make such statements, we refer you to the copies of the contracts or documents that are filed as exhibits to the registration statement, because those statements are
qualified in all respects by reference
to those exhibits. The registration statement, including the exhibits and schedules, is available at the SEC's website at http://www.sec.gov. See "Where You Can Find More Information." </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You
may also obtain this information without charge by writing us at the following address or telephoning us at the following telephone number: </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>Investor
Relations<BR>
Helmerich&nbsp;&amp; Payne,&nbsp;Inc.<BR>
1437 South Boulder Avenue, Suite&nbsp;1400<BR>
Tulsa, Oklahoma 74119<BR>
(918)&nbsp;588-5190 </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>In order to ensure timely delivery, you must request the information no later than March&nbsp;11, 2019, which is five business days before the expiration of the
exchange offer.</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><I>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" >


 </I></FONT><FONT SIZE=2>

<!-- COMMAND=ADDING_LINEBREAK -->

<BR></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bi42501_market_and_industry_data"> </A>
<A NAME="toc_bi42501_1"> </A>
<BR></FONT><FONT SIZE=2><B>  MARKET AND INDUSTRY DATA    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus includes information with respect to market share and industry conditions, which are based upon internal estimates and various
third-party sources. While management believes that such data is reliable, we have not independently verified any of the data from third-party sources nor have we ascertained the underlying
assumptions relied upon therein. Similarly, our internal research is based upon management's understanding of industry conditions, and such information has not been verified by any independent
sources. Accordingly, our estimates involve risks and uncertainties and are subject to change based on various factors, including those discussed under the heading "Risk Factors" in this prospectus. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bi42501_cautionary_note_regarding_forward-looking_statements"> </A>
<A NAME="toc_bi42501_2"> </A>
<BR></FONT><FONT SIZE=2><B>  CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus and the documents incorporated by reference herein contain certain forward-looking statements within the meaning of
Section&nbsp;27A of the Securities Act and Section&nbsp;21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical facts
included in this prospectus and the documents incorporated by reference herein, including, without limitation, statements regarding our future financial position, business strategy, budgets, projected
costs and plans and objectives of management for future operations, are forward-looking statements. In addition, forward-looking statements generally can be identified by the </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>ii</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=3,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=1007039,FOLIO='ii',FILE='DISK116:[19ZAI1.19ZAI42501]BI42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_bi42501_1_3"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>use
of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "predict," "project," "target," "continue," or the negative thereof or similar
terminology. Forward-looking statements are based upon current plans, estimates, and expectations that are subject to risks, uncertainties, and assumptions. Although we believe that the expectations
reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Actual results may vary materially from those indicated or
anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates, or expectations will be achieved. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
forward-looking statements include, among others, such things as:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> our business strategy; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the amount and nature of our future capital expenditures and how we expect to fund our capital expenditures, and the number of rigs we plan to
construct or acquire; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the volatility of future oil and natural gas prices; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> changes in future levels of drilling activity and capital expenditures by our customers, whether as a result of global capital markets and
liquidity, changes in prices of oil and natural gas or otherwise, which may cause us to idle or stack additional rigs, or increase our capital expenditures and the construction or acquisition of rigs; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> changes in worldwide rig supply and demand, competition, or technology; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> possible cancellation, suspension, renegotiation or termination (with or without cause) of our contracts as a result of general or
industry-specific economic conditions, mechanical difficulties, performance or other reasons; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> expansion and growth of our business and operations; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> our belief that the final outcome of our legal proceedings will not materially affect our financial results; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> impact of federal and state legislative and regulatory actions affecting our costs and increasing operation restrictions or delay and other
adverse impacts on our business; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> environmental or other liabilities, risks, damages or losses, whether related to storms or hurricanes (including wreckage or debris removal),
collisions, grounding, blowouts, fires, explosions, other accidents, terrorism or otherwise, for which insurance coverage and contractual indemnities may be insufficient, unenforceable or otherwise
unavailable; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> our financial condition and liquidity; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> tax matters, including our effective tax rates, tax positions, results of audits, changes in tax laws, treaties and regulations, tax
assessments and liabilities for taxes; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> potential long-lived asset impairments. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Important
factors that could cause actual results to differ materially from our expectations or results discussed in the forward-looking statements are disclosed under the section herein
entitled "Risk Factors" and elsewhere in this prospectus, as well as in reports and documents Parent files with the SEC. You should carefully review the risk factors and cautionary statements
described herein and in the other documents Parent files from time to time with the SEC, specifically Parent's Annual Report on Form&nbsp;10-K, Quarterly Reports on Form&nbsp;10-Q and Current
Reports on Form&nbsp;8-K. All subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by such cautionary
statements. Because of the underlying risks and uncertainties, we caution you against placing undue reliance on these forward-looking statements. We assume no duty to update or revise these
forward-looking statements based on changes of internal estimates, expectations or otherwise, except as required by law. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>iii</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=4,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=20187,FOLIO='iii',FILE='DISK116:[19ZAI1.19ZAI42501]BI42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_ca42501_1_1"> </A>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><I> </i></font></p>
<DIV style="width:100%;box-sizing:border-box;border:#000000 solid 1.0pt;padding-top:12.0pt;padding-right:12.0pt;padding-bottom:12.0pt;padding-left:12.0pt;">
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ca42501_summary"> </A>
<A NAME="toc_ca42501_1"> </A>
<BR></FONT><FONT SIZE=2><B>  SUMMARY    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>This summary highlights selected information from this prospectus or incorporated by reference herein and is therefore
qualified in its entirety by the more detailed information appearing
elsewhere, or incorporated by reference, in this prospectus. It may not contain all the information that is important to you. We urge you to read carefully this entire prospectus and the other
documents to which it refers to understand fully the terms of the exchange offer and the New Notes.</I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Parent conducts substantially all of its business through its subsidiaries, including H&amp;P Drilling&nbsp;Co. and its subsidiaries. In the sections of this
prospectus that describe the business of Parent and H&amp;P Drilling&nbsp;Co., unless the context otherwise indicates, references to "Parent," "us," "we," "our" and like terms refer to Parent and its
subsidiaries, including H&amp;P Drilling&nbsp;Co. and its subsidiaries. In the sections of this prospectus that describe the Notes or the terms of the exchange offer, unless the context otherwise
indicates, references to "us," "we," "our" and like terms refer to Parent and not to any of its subsidiaries.</I></FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Our Company  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We believe we are the largest provider of advanced technology alternate current, or AC, drive land rigs in the Western Hemisphere. Operating
principally in North and South America, we specialize in shale and unconventional resource plays drilling challenging and complex wells in oil and gas producing basins of the United States and in
international locations. In the United States, we have a diverse mix of customers consisting of large independent, major, mid-sized and small oil companies that are focused on unconventional shale
basins. In South America, our customers primarily include major international and national oil companies. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Through
our operating subsidiaries, we provide performance-driven drilling services and technologies that are intended to make hydrocarbon recovery safer and more economical for oil and
gas exploration and production companies. We are an important vendor for a number of oil and gas exploration and production companies, but we focus exclusively on the drilling segment of the oil and
gas production value chain. During the fiscal year ended September&nbsp;30, 2018, our U.S. land operations were located in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota,
Pennsylvania, Texas, Utah, West Virginia and Wyoming. Our offshore platform drilling operations were conducted in the Gulf of Mexico. Our international land operations had rigs located in five
international locations during fiscal year 2018: Argentina, Bahrain, Colombia, Ecuador and United Arab Emirates. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
focus on research and development of technology designed to improve the safety, efficiency and accuracy of drilling operations, as well as wellbore quality and placement. Our research
and development endeavors include ongoing improvements of our rig fleet and advancements in rig technology, including our FlexApp&#153; services, development of a proprietary Bit Guidance
System&#153;, offered as a service through MOTIVE Drilling Technologies,&nbsp;Inc., which we acquired in June 2017, and 3D geomagnetic reference modeling and measurement while drilling survey
correction services, offered through Magnetic Variation Services,&nbsp;LLC, which we acquired in December 2017. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
also own, develop and operate limited commercial real estate properties in Tulsa, Oklahoma. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent
and H&amp;P Drilling&nbsp;Co. are Delaware corporations. Our principal executive offices are located at 1437 South Boulder Avenue, Suite&nbsp;1400, Tulsa, Oklahoma, 74119. Our
telephone number is (918)&nbsp;742-5531. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>



<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Private Exchange Offer  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On December&nbsp;20, 2018, Parent issued $487,148,000 in aggregate principal amount of Old Notes pursuant to an exchange offer (the "private
exchange offer") for any and all outstanding 4.65% Senior Notes due 2025 issued by H&amp;P Drilling&nbsp;Co. (the "H&amp;P Drilling&nbsp;Co. Notes"), which were originally issued by H&amp;P
Drilling&nbsp;Co. in March 2015. In connection with the issuance of the Old Notes pursuant </FONT></P>
 </DIV>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>1</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=5,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=761530,FOLIO='1',FILE='DISK116:[19ZAI1.19ZAI42501]CA42501A.;10',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_ca42501_1_2"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> </i></font></p>
<DIV style="width:100%;box-sizing:border-box;border:#000000 solid 1.0pt;padding-top:12.0pt;padding-right:12.0pt;padding-bottom:12.0pt;padding-left:12.0pt;">
 <P style="font-family:times;"><FONT SIZE=2>to
the private exchange offer, Parent and H&amp;P Drilling&nbsp;Co. entered into a registration rights agreement, dated December&nbsp;20, 2018 (the "registration rights agreement"), with Credit Suisse
Securities (USA)&nbsp;LLC, Goldman Sachs&nbsp;&amp;&nbsp;Co.&nbsp;LLC and Morgan Stanley&nbsp;&amp;&nbsp;Co.&nbsp;LLC (the "dealer managers"), pursuant to which we agreed to, among other things,
file&nbsp;a registration statement for the Old Notes (the "exchange offer registration statement") with the SEC with respect to a registered offer to exchange the Old Notes for freely tradeable
notes having terms identical in all material respects to such Old Notes. Following the private exchange offer, $12,852,000 aggregate principal amount of the H&amp;P Drilling&nbsp;Co. Notes remained
outstanding. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Corporate Structure  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following diagram depicts our simplified organizational structure after our restructuring. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>
<IMG SRC="g477944.jpg" ALT="GRAPHIC" WIDTH="651" HEIGHT="256">
  </B></FONT></P>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >


<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Refers
to $12,852,000 aggregate principal amount of the H&amp;P Drilling&nbsp;Co. Notes that remains outstanding following the private exchange offer, which closed on
December&nbsp;20, 2018.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>As
of December&nbsp;31, 2018, there were no borrowings outstanding under our $750&nbsp;million unsecured credit facility (the "Credit Facility"), but there were
three letters of credit outstanding in the amount of $38.0&nbsp;million, and we had $712.0&nbsp;million available to borrow under the Credit Facility. Subsequent to December&nbsp;31, 2018, one
letter of credit was reduced by $500,000, increasing the amount available under the Credit Facility by that amount.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Unsecured
standalone line of credit facility, which is purposed for the issuance of bid and performance bonds, as needed, for international land operations. We
currently have no outstanding obligations against this facility.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>H&amp;P
Drilling&nbsp;Co. is a guarantor under the Credit Facility and a guarantor of the Notes for as long as H&amp;P Drilling&nbsp;Co. is an obligor or guarantor of
any funded indebtedness in excess of $25&nbsp;million. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>2</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=6,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=832472,FOLIO='2',FILE='DISK116:[19ZAI1.19ZAI42501]CA42501A.;10',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_ce42501_1_3"> </A>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT> <FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><I> </i></font></p>
<DIV style="width:100%;box-sizing:border-box;border:#000000 solid 1.0pt;padding-top:12.0pt;padding-right:12.0pt;padding-bottom:12.0pt;padding-left:12.0pt;">


<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


The Exchange Offer  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A brief description of the material terms of the exchange offer follows. We are offering to exchange the New Notes for the Old Notes. The terms
of the New Notes offered in the exchange offer are substantially identical to the terms of the Old Notes, except that the New Notes will be registered under the Securities Act, and certain transfer
restrictions, registration rights and additional interest provisions relating to the Old Notes do not apply to the New Notes. For a more complete description, see "Description of the New Notes" and
"The Exchange Offer." </FONT></P>
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="32%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="64%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Old Notes</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4.65% Senior Notes due 2025, which we issued on December&nbsp;20, 2018. $487,148,000 aggregate principal amount of the Old Notes were issued under the indenture, as defined below under "Description of the
New Notes."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>New Notes</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>4.65% Senior Notes due 2025, the issuance of which has been registered under the Securities Act. The form and the terms of
the New Notes are substantially identical to those of the Old Notes, except that the transfer restrictions, registration rights and additional interest provisions relating to the Old Notes described in the registration rights agreement do not apply
to the New Notes.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>The Exchange Offer</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>We are offering to issue up to $487,148,000 aggregate principal amount of New Notes in exchange for a like principal amount
of Old Notes to satisfy our obligations under the registration rights agreement that we entered into when the Old Notes were issued in a transaction consummated in reliance upon exemptions from registration provided by Rule&nbsp;144A and
Regulation&nbsp;S under the Securities Act. Both the New Notes and the Old Notes are guaranteed by H&amp;P Drilling&nbsp;Co.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Expiration Date; Tenders</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The exchange offer will expire at 5:00&nbsp;p.m., New York City time, on March&nbsp;18, 2019, unless we extend or earlier
terminate the exchange offer. By tendering your Old Notes, you represent to us that:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>you are neither our
"affiliate," as defined in Rule&nbsp;405 under the Securities Act, nor a broker-dealer tendering Notes acquired directly from us for your own account;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>any New Notes you receive
in the exchange offer are being acquired by you in the ordinary course of your business;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>at the time of the
commencement of the exchange offer, neither you nor, to your knowledge, anyone receiving New Notes from you, has any arrangement or understanding with any person to participate in the distribution, as defined in the Securities Act, of the Old Notes
or the New Notes in violation of the Securities Act;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>
</font></p>
</DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>3</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=7,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=564785,FOLIO='3',FILE='DISK116:[19ZAI1.19ZAI42501]CE42501A.;13',USER='CHE109863',CD='12-FEB-2019;11:56' -->
<A NAME="page_ce42501_1_4"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> </i></font></p>
<DIV style="width:100%;box-sizing:border-box;border:#000000 solid 1.0pt;padding-top:12.0pt;padding-right:12.0pt;padding-bottom:12.0pt;padding-left:12.0pt;">
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="32%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="64%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>if you are a broker-dealer,
 you will receive the New Notes for your own account in exchange for Old Notes that were acquired by you as a result of your market-making activities or other trading activities and that you will deliver a prospectus meeting the requirements of the
Securities Act in connection with any resale of the New Notes you receive; for further information regarding resales of the New Notes by participating broker-dealers, see the discussion under the caption "Plan of Distribution"; and</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>if you are not a
broker-dealer, you are not engaged in, and do not intend to engage in, the distribution, as defined in the Securities Act, of the New Notes.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Withdrawal; Non-Acceptance</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>You may withdraw any Old Notes tendered in the exchange offer at any time prior to 5:00&nbsp;p.m., New York City time, on
March&nbsp;18, 2019, unless we extend or earlier terminate the exchange offer. If we decide for any reason not to accept any Old Notes tendered for exchange, the Old Notes will be returned to the registered holder at our expense promptly after the
expiration or termination of the exchange offer. In the case of Old Notes tendered by book-entry transfer into the exchange agent's account at The Depository Trust Company ("DTC"), any withdrawn or unaccepted Old Notes will be credited to the
tendering holder's account at DTC. For further information regarding the withdrawal of tendered Old Notes, see "The Exchange Offer&#151;Terms of the Exchange Offer; Period for Tendering Old Notes" and "The Exchange Offer&#151;Withdrawal
Rights."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Conditions to the Exchange Offer</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>We are not required to accept for exchange or to issue New Notes in exchange for any Old Notes, and we may terminate or
amend the exchange offer, if any of the following events occur prior to the expiration of the exchange offer:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>the exchange offer
violates any applicable law or applicable interpretation of the staff of the SEC;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>an action or proceeding
shall have been instituted or threatened in any court or by any governmental agency that might materially impair our ability to proceed with the exchange offer;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>we do not receive all the
governmental approvals that we deem necessary to consummate the exchange offer; or</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>there has been proposed,
adopted or enacted any law, statute, rule or regulation that, in our reasonable judgment, would materially impair our ability to consummate the exchange offer.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>We may waive any of the above conditions in our reasonable discretion. See the discussion below under the caption "The
Exchange Offer&#151;Conditions to the Exchange Offer" for more information regarding the conditions to the exchange offer.</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>
</font></p>
</DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>4</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=8,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=566370,FOLIO='4',FILE='DISK116:[19ZAI1.19ZAI42501]CE42501A.;13',USER='CHE109863',CD='12-FEB-2019;11:56' -->
<A NAME="page_ce42501_1_5"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> </i></font></p>
<DIV style="width:100%;box-sizing:border-box;border:#000000 solid 1.0pt;padding-top:12.0pt;padding-right:12.0pt;padding-bottom:12.0pt;padding-left:12.0pt;">
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="32%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="64%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Procedures for Tendering Old Notes</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Unless you comply with the procedures described below under the caption "The Exchange Offer&#151;Guaranteed Delivery Procedures," you must
do one of the following on or prior to the expiration of the exchange offer to participate in the exchange offer:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>tender your Old Notes by
sending (i)&nbsp;the certificates for your Old Notes (in proper form for transfer), (ii)&nbsp;a properly completed and duly executed letter of transmittal and (iii)&nbsp;all other documents required by the letter of transmittal to Wells Fargo Bank,
National Association, as exchange agent, at one of the addresses listed below under the caption "The Exchange Offer&#151;Exchange Agent"; or</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>tender your Old Notes by
using the book-entry transfer procedures described below and transmitting a properly completed and duly executed letter of transmittal, or an agent's message, as defined below under "The Exchange Offer&#151;Procedures for Tendering Old Notes,"
instead of the letter of transmittal, to the exchange agent. For a book-entry transfer to constitute a valid tender of your Old Notes in the exchange offer, Wells Fargo Bank, National Association, as exchange agent, must receive a confirmation of
book-entry transfer of your Old Notes into the exchange agent's account at DTC prior to the expiration or termination of the exchange offer. For more information regarding the use of book-entry transfer procedures, including a description of the
required agent's message, see the discussion below under the caption "The Exchange Offer&#151;Book-Entry Transfers." As used in this prospectus, the term "agent's message" means a message, transmitted by DTC to and received by the exchange agent and
forming a part of a book-entry confirmation, which states that DTC has received an express acknowledgment from the tendering participant stating that such participant has received and agrees to be bound by the letter of transmittal and that we may
enforce such letter of transmittal against such participant.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Guaranteed Delivery Procedures</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>If you are a registered holder of Old Notes and wish to tender your Old Notes in the exchange offer, but:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>



<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>the Old Notes are not
immediately available;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>time will not permit your
Old Notes or other required documents to reach the exchange agent before the expiration or termination of the exchange offer; or</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>the procedure for
book-entry transfer cannot be completed prior to the expiration or termination of the exchange offer;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>then you may tender Old Notes by following the procedures described below under the caption "The Exchange
Offer&#151;Guaranteed Delivery Procedures."</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>
</font></p>
</DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>5</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=9,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=492089,FOLIO='5',FILE='DISK116:[19ZAI1.19ZAI42501]CE42501A.;13',USER='CHE109863',CD='12-FEB-2019;11:56' -->
<A NAME="page_ce42501_1_6"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> </i></font></p>
<DIV style="width:100%;box-sizing:border-box;border:#000000 solid 1.0pt;padding-top:12.0pt;padding-right:12.0pt;padding-bottom:12.0pt;padding-left:12.0pt;">
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="32%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="64%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Special Procedures for Beneficial Owners</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>If you are a beneficial owner whose Old Notes are registered in the name of a broker, dealer, commercial bank, trust company or other
nominee and you wish to tender your Old Notes in the exchange offer, you should promptly contact the person in whose name the Old Notes are registered and instruct that person to tender them on your behalf. If you wish to tender such Old Notes in the
exchange offer on your own behalf, prior to completing and executing the letter of transmittal and delivering your Old Notes, you must either make appropriate arrangements to register ownership of the Old Notes in your name, or obtain a properly
completed bond power from the person in whose name the Old Notes are registered.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>U.S. Federal Income Tax Considerations</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The receipt of New Notes in exchange for Old Notes in the exchange offer will not be a taxable transaction for U.S. federal
income tax purposes. See the discussion below under the caption "U.S. Federal Income Tax Considerations" for more information regarding the U.S. federal income tax consequences to you of the exchange offer.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Use of Proceeds</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>We will not receive any cash proceeds from the exchange offer.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Exchange Agent</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Wells Fargo Bank, National Association, is the exchange agent for the exchange offer. You can find the address and telephone
number of the exchange agent below under the caption "The Exchange Offer&#151;Exchange Agent."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Resales</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Based on interpretations by the staff of the SEC, as set forth in no-action letters issued to third parties, we believe that
the New Notes issued in the exchange offer may be offered for resale, resold or otherwise transferred by you without compliance with the registration and prospectus delivery requirements of the Securities Act as long as:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>you are acquiring the New
Notes in the ordinary course of your business;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>you are not participating,
 do not intend to participate and have no arrangement or understanding with any person to participate in a distribution of the New Notes; and</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>you are neither an
affiliate of ours nor a broker-dealer tendering Notes acquired directly from us for your own account.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>If you are an affiliate of ours, are engaged in or intend to engage in or have any arrangement or understanding with any
person to participate in the distribution of New Notes:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>you cannot rely on the
applicable interpretations of the staff of the SEC;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>you will not be entitled
to tender your Old Notes in the exchange offer; and</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>
</font></p>
</DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>6</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=10,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=571540,FOLIO='6',FILE='DISK116:[19ZAI1.19ZAI42501]CE42501A.;13',USER='CHE109863',CD='12-FEB-2019;11:56' -->
<A NAME="page_ce42501_1_7"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> </i></font></p>
<DIV style="width:100%;box-sizing:border-box;border:#000000 solid 1.0pt;padding-top:12.0pt;padding-right:12.0pt;padding-bottom:12.0pt;padding-left:12.0pt;">
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="32%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="64%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>you must comply with the
registration requirements of the Securities Act in connection with any resale transaction.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Each broker-dealer that receives New Notes for its own account in exchange for Old Notes that were acquired as a result of
market-making or other trading activities must acknowledge that it will comply with the registration and prospectus delivery requirements of the Securities Act in connection with any offer, resale or other transfer of the New Notes issued in the
exchange offer, including information with respect to any selling holder required by the Securities Act in connection with any resale of the New Notes.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Furthermore, any broker-dealer that acquired any of its Old Notes directly from us:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>may not rely on the
applicable interpretation of the staff of the SEC's position contained in </FONT><FONT SIZE=2><I>Exxon Capital Holdings Corporation</I></FONT><FONT SIZE=2> (pub. avail. May&nbsp;13, 1988), </FONT><FONT SIZE=2><I>Morgan Stanley and&nbsp;Co.,
&nbsp;Inc.</I></FONT><FONT SIZE=2> (pub. avail. June&nbsp;5, 1991), as interpreted in the SEC's letter to Shearman&nbsp;&amp; Sterling dated July&nbsp;2, 1993 and similar no-action letters (collectively, the "Exxon Capital Letters"); and</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>must also be named as a
selling noteholder in connection with the registration and prospectus delivery requirements of the Securities Act relating to any resale transaction. See "Plan of Distribution" and "The Exchange Offer&#151;Purpose and Effect of Exchange Offer
Registration Rights."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Broker-Dealers</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Each broker-dealer that receives New Notes for its own account in exchange for Old Notes, where such Old Notes were acquired
by such broker-dealer as a result of market-making activities or other trading activities, must acknowledge that it will comply with the registration and prospectus delivery requirements of the Securities Act in connection with any offer, resale or
other transfer of such New Notes, including information with respect to any selling holder required by the Securities Act in connection with the resale of the New Notes. We have agreed that for a period of 180&nbsp;days after the effective date of
the registration statement of which this prospectus forms&nbsp;a part (or for such shorter period during which broker-dealers are required by law to deliver such prospectus), we will make this prospectus available to any broker-dealer for use in
connection with any such resale. See "Plan of Distribution."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Registration Rights Agreement for the Old Notes</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>In connection with the issuance of the Old Notes on December&nbsp;20, 2018 pursuant to the private exchange offer, Parent
and H&amp;P Drilling&nbsp;Co. entered into a registration rights agreement with the dealer managers. Under the terms of the registration rights agreement, we agreed to, among other things:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>file the exchange offer
registration statement with the SEC with respect to a registered offer to exchange the Old Notes for freely tradeable notes having terms identical in all material respects to such Old Notes;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>
</font></p>
</DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>7</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=11,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=1029576,FOLIO='7',FILE='DISK116:[19ZAI1.19ZAI42501]CE42501A.;13',USER='CHE109863',CD='12-FEB-2019;11:56' -->
<A NAME="page_ce42501_1_8"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> </i></font></p>
<DIV style="width:100%;box-sizing:border-box;border:#000000 solid 1.0pt;padding-top:12.0pt;padding-right:12.0pt;padding-bottom:12.0pt;padding-left:12.0pt;">
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="32%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="64%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>use commercially
reasonable efforts to cause the exchange offer registration statement to become effective under the Securities Act no later than September&nbsp;16, 2019;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>use commercially
reasonably efforts to complete the exchange offer no later than October&nbsp;16, 2019;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>file&nbsp;a shelf
registration statement for the resale of the Old Notes if we cannot effect an exchange offer within the time periods listed above and in certain other circumstances; and</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>if we fail to meet our
registration obligations under the registration rights agreement, pay additional interest at a rate of 0.25% per annum until all such defaults have been cured.</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Consequences of Not Exchanging Old Notes  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you do not exchange your Old Notes in the exchange offer, you will continue to be subject to the restrictions on transfer applicable to your
Old Notes. In general, you may offer or sell your Old Notes only:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> if they are registered under the Securities Act and applicable state securities laws; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> if they are offered or sold under an exemption from registration under the Securities Act and applicable state securities laws; or </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> if they are offered or sold in a transaction not subject to the Securities Act and applicable state securities laws. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
do not intend to register the Old Notes under the Securities Act, and holders of Old Notes that do not exchange Old Notes for New Notes in the exchange offer will no longer have
registration rights with respect to the Old Notes except in the limited circumstances provided in the registration rights agreement. Under some circumstances, as described in the registration rights
agreement, holders of the Old Notes, including holders who are not permitted to participate in the exchange offer or who may not freely sell New Notes received in the exchange offer, may require us to
file, and to use commercially reasonable efforts to cause to become effective, a shelf registration statement covering resales of the Old Notes by such holders. For more information regarding the
consequences of not tendering your Old Notes, see "The Exchange Offer&#151;Consequences of Exchanging or Failing to Exchange Old Notes." </FONT></P>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>8</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=12,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=344395,FOLIO='8',FILE='DISK116:[19ZAI1.19ZAI42501]CE42501A.;13',USER='CHE109863',CD='12-FEB-2019;11:56' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_cg42501_1_9"> </A>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT> <FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><I> </i></font></p>
<DIV style="width:100%;box-sizing:border-box;border:#000000 solid 1.0pt;padding-top:12.0pt;padding-right:12.0pt;padding-bottom:12.0pt;padding-left:12.0pt;">


<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Summary Description of the New Notes  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A brief description of the material terms of the New Notes follows. The terms of the New Notes and those of the Old Notes are substantially
identical, except that the transfer restrictions, registration rights and additional interest provisions relating to the Old Notes described in the registration rights agreement do not apply to the
New Notes. For a more complete description, see "Description of the New Notes." In this section, "us," "we," "our" and like terms refer only to Parent. </FONT></P>
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="32%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="64%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Issuer</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Helmerich&nbsp;&amp; Payne,&nbsp;Inc., a Delaware corporation.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Guarantors</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The New Notes will be guaranteed by Helmerich&nbsp;&amp; Payne International Drilling&nbsp;Co., a Delaware corporation and a direct, wholly
owned subsidiary of Parent, for so long as such subsidiary is an obligor or guarantor of any funded indebtedness in excess of $25&nbsp;million. In addition, if any other subsidiary of Parent guarantees debt of Parent under the Credit Facility or any
other credit facility entered into with commercial banks in excess of $25&nbsp;million, then such subsidiary will be obligated to guarantee the New Notes.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>New Notes Offered</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>$487,148,000 of 4.65% Senior Notes due 2025.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Maturity Date</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The New Notes will mature on March&nbsp;15, 2025.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Interest Rate</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The New Notes will bear interest at a rate of 4.65% per annum.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Interest Payment Dates</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>We will pay interest semi-annually in arrears on March&nbsp;15 and September&nbsp;15 of each year.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Ranking</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The New Notes will be Parent's general unsecured obligations and will be:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2> effectively junior in
right of payment to any of Parent's future secured debt, to the extent of the value of the collateral therefor;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>equal in right of payment
with all of Parent's existing and future unsecured unsubordinated debt;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>senior in right of
payment to any of Parent's future senior subordinated or subordinated debt; and</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2> structurally
subordinated to all debt and other liabilities of Parent's subsidiaries that do not guarantee the New Notes.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>H&amp;P Drilling&nbsp;Co. will fully and unconditionally guarantee, on a senior unsecured basis, the due and punctual payment of the
principal of, premium, if any, interest on, and all other amounts payable under the New Notes when the same becomes due and payable, for so long as H&amp;P Drilling&nbsp;Co. is an obligor or guarantor of any funded indebtedness in excess of
$25&nbsp;million. The guarantee will be H&amp;P Drilling&nbsp;Co.'s general unsecured obligation and will be:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2> effectively junior in
right of payment to any of H&amp;P Drilling&nbsp;Co.'s future secured debt, to the extent of the value of the collateral therefor;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>
</font></p>
</DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>9</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=13,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=608095,FOLIO='9',FILE='DISK116:[19ZAI1.19ZAI42501]CG42501A.;10',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_cg42501_1_10"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> </i></font></p>
<DIV style="width:100%;box-sizing:border-box;border:#000000 solid 1.0pt;padding-top:12.0pt;padding-right:12.0pt;padding-bottom:12.0pt;padding-left:12.0pt;">
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="32%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="64%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:0pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>equal in right of payment
with all of H&amp;P Drilling&nbsp;Co.'s existing and future unsecured unsubordinated debt;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2>senior in right of
payment to any of H&amp;P Drilling&nbsp;Co.'s future senior subordinated or subordinated debt; and</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;text-align:left;"><p align=left style="font-family:times;margin-top:12pt;margin-bottom:-12pt;margin-left:0pt;"><FONT SIZE=2>


<!-- COMMAND=ADD_GRID,"text-align:left;" -->


</FONT> <FONT SIZE=2> </font> <font size=2> &#149;</font></p> <p align=left style="font-family:times;margin-top:0pt;margin-left:10pt;"><font size=2></FONT><FONT SIZE=2> structurally
subordinated to all debt and other liabilities of H&amp;P Drilling&nbsp;Co.'s subsidiaries that do not guarantee the New Notes.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>See "Risk Factors&#151;Risks Relating to the New Notes&#151;Parent is a holding company, and the New Notes will be structurally subordinated
to the indebtedness and other liabilities of Parent's subsidiaries from time to time outstanding other than with respect to the H&amp;P Drilling&nbsp;Co. Notes."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Optional Redemption</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>We may redeem the New Notes at our option, in whole or in part, at any time or from time to time at a redemption price equal to 100% of the
principal amount of the New Notes to be redeemed, plus accrued and unpaid interest, if any, on those New Notes to the redemption date, plus the make-whole amount, if any, as described in this prospectus.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Notwithstanding the immediately preceding paragraph, we may redeem the New Notes at our option, in whole or in part, at any time or from
time to time on or after December&nbsp;15, 2024, at a redemption price equal to 100% of the principal amount of the New Notes to be redeemed, plus accrued and unpaid interest, if any, on those New Notes to the redemption date.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>For additional information, see "Description of the New Notes&#151;Optional Redemption."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Certain Covenants</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The New Notes are subject to certain covenants that, among other things, limit the ability of Parent and its subsidiaries, including H&amp;P
Drilling&nbsp;Co., to incur certain liens, engage in sale and lease-back transactions or to consolidate, merge or transfer all or substantially all of the assets of Parent or H&amp;P Drilling&nbsp;Co. Each covenant is subject to a number of important
exceptions, limitations and qualifications that are described under "Description of the New Notes&#151;Covenants."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Change of Control Offer</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>If a change of control triggering event as described herein occurs, each holder of the New Notes may require us to purchase all or a portion
of such holder's New Notes at a price equal to 101% of their principal amount, plus accrued and unpaid interest, if any, to, but excluding, the date of purchase. See "Description of the New Notes&#151;Change of Control Offer" and "Risk
Factors&#151;Risks Relating to the New Notes&#151;We may not have sufficient funds to purchase the New Notes upon a Change of Control Triggering Event as required by the indenture governing the New Notes. The Change of Control Offer covenant provides
limited protection."</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
<p style="font-family:times;"><font size=1></FONT><FONT SIZE=2>
</font></p>
</DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>10</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=14,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=700673,FOLIO='10',FILE='DISK116:[19ZAI1.19ZAI42501]CG42501A.;10',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_cg42501_1_11"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> </i></font></p>
<DIV style="width:100%;box-sizing:border-box;border:#000000 solid 1.0pt;padding-top:12.0pt;padding-right:12.0pt;padding-bottom:12.0pt;padding-left:12.0pt;">
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="32%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="64%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>No Trading Market</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The New Notes constitute a new issue of securities, for which there is no existing trading market. In addition, we do not intend to apply to list the New
Notes on any securities exchange or for quotation on any automated quotation system. We cannot provide you with any assurance regarding whether a trading market for the New Notes will develop, the ability of holders of the New Notes to sell their
notes or the prices at which holders may be able to sell their notes. If no active trading market develops, you may be unable to resell the New Notes at their fair market value or at all.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Form and Denomination</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The New Notes will be issued in fully registered form in denominations of $2,000 and in integral multiples of $1,000 in excess
thereof.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>DTC Eligibility</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The New Notes will be represented by global certificates deposited with, or on behalf of, DTC or its nominee. See "Description of the New
Notes&#151;Book-Entry; Delivery and Form" and "Description of the New Notes&#151;Book-Entry System."</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Governing Law</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>The indenture governing the New Notes, including the H&amp;P Drilling&nbsp;Co. guarantee, and the New Notes will be governed by, and
construed in accordance with, the laws of the State of New York.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Risk Factors</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:0pt;text-indent:0pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Investing in the New Notes involves substantial risks and uncertainties. See "Risk Factors" and other information included or incorporated
by reference in this prospectus for a discussion of factors you should carefully consider before deciding to participate in the exchange offer.</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>

 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>11</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=15,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=1048356,FOLIO='11',FILE='DISK116:[19ZAI1.19ZAI42501]CG42501A.;10',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_da42501_1_12"> </A>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da42501_risk_factors"> </A>
<A NAME="toc_da42501_1"> </A>
<BR></FONT><FONT SIZE=2><B>  RISK FACTORS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>You should carefully consider all the information set forth in this prospectus and incorporated by reference herein
before deciding to participate in the exchange offer. Your investment in the New Notes involves certain risks. In consultation with your own financial, tax and legal advisors, you should carefully
consider, among other matters, the following discussion of risks before deciding whether an investment in the New Notes is suitable for you. In addition, you should carefully consider the other risks,
uncertainties and assumptions that are set forth under the caption "Risk Factors" in Parent's Annual Report on Form&nbsp;10-K for the fiscal year ended September&nbsp;30, 2018 before investing in
the New Notes. The risks described below or incorporated by reference herein are not the only risks facing us. Additional risks and uncertainties not currently known to us or that we currently deem to
be immaterial may also materially and adversely affect our business operations. The occurrence of any one or more of the following could materially adversely affect our business, financial condition
or results of operations. In such case, you may lose all or part of your original investment.</I></FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Risks Relating to the New Notes  </B></FONT></P>

<P style="font-family:times;;margin-left:0pt;text-indent:-0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:0pt;text-indent:-0pt;" -->


The New Notes will be equal in right of payment to our other unsecured senior indebtedness.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent's payment obligations under the New Notes and H&amp;P Drilling&nbsp;Co.'s payment obligations under its guarantee will be unsecured and
equal in right of payment to the current and future senior, unsecured indebtedness of Parent and H&amp;P Drilling&nbsp;Co., respectively, including indebtedness for borrowed money, indebtedness
evidenced by bonds, debentures, notes or similar instruments, obligations arising from or with respect to guarantees and direct credit substitutes, obligations associated with hedges and derivative
products, capitalized lease obligations and other senior unsecured indebtedness. Subject to certain restrictions on secured debt, the indenture governing the New Notes does not limit the ability of
Parent and H&amp;P Drilling&nbsp;Co. to incur additional indebtedness and other obligations, including indebtedness and other obligations that rank equal in right of payment with the New Notes. </FONT></P>

<P style="font-family:times;;margin-left:0pt;text-indent:-0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:0pt;text-indent:-0pt;" -->


There may not be any trading market for the New Notes; many factors affect the trading and market value of
the New Notes.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The New Notes are a new issue of securities and there is no established trading market for the New Notes. We do not intend to apply for listing
or quotation of the New Notes on any securities exchange or on any automated quotation system. We cannot assure you a trading market for your New Notes will ever develop or be maintained if developed.
Furthermore, we cannot assure you as to the liquidity of any trading market that may develop for any of the New Notes, whether you will be able to sell the New Notes, or the prices at which you may be
able to sell the New Notes. In addition to our creditworthiness, many factors will affect the trading market for, and trading value of, your New Notes. These factors include the risk factors described
and referred to elsewhere in this "Risk Factors" section and the following:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the interest rate on the New Notes; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the time remaining to the maturity of the New Notes; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the outstanding amount of the New Notes; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the redemption features of the New Notes; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the level, direction and volatility of market interest rates generally; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> market perceptions of the level, direction and volatility of interest rates generally; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the trading value of comparable securities; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> our financial condition and results of operations. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>12</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=16,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=56771,FOLIO='12',FILE='DISK116:[19ZAI1.19ZAI42501]DA42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_da42501_1_13"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<UL>
<UL>
</UL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
may be a limited number of buyers when you decide to sell your New Notes. This may affect the price you receive for your New Notes or your ability to sell your New Notes at all.
You should not purchase New Notes unless you understand and know you can bear all of the investment risks involving your New Notes. </FONT></P>

<P style="font-family:times;;margin-left:0pt;text-indent:-0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:0pt;text-indent:-0pt;" -->


Parent is a holding company, and the New Notes will be structurally subordinated to the indebtedness and
other liabilities of Parent's subsidiaries from time to time outstanding other than with respect to the H&amp;P Drilling&nbsp;Co. Notes.  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The New Notes are Parent's obligations exclusively and not of any of its subsidiaries. Other than with respect to H&amp;P Drilling&nbsp;Co.'s
guarantee of the New Notes, Parent's subsidiaries are separate legal entities that have no obligation to pay any amounts due under the New Notes or to make any funds available therefor, whether by
dividends, loans or other payments. The New Notes will be structurally subordinated to the indebtedness and other liabilities of Parent's subsidiaries from time to time outstanding (other than H&amp;P
Drilling&nbsp;Co., as a result of H&amp;P Drilling&nbsp;Co. being a subsidiary guarantor of the New Notes, subject to certain release provisions described under the caption "Description of the New
Notes&#151;Guarantees"). Parent's operations are conducted almost entirely through subsidiaries. Accordingly, Parent's cash flow is dependent upon the earnings of those subsidiaries and the
distribution of those earnings to Parent, whether by dividends, loans or otherwise. The payment of dividends and the making of loans and advances by Parent's subsidiaries may be subject to statutory
or contractual restrictions, are contingent upon the earnings of the subsidiaries and are subject to various business considerations. Parent's right to receive assets of any subsidiaries upon their
liquidation or reorganization (and your consequent right to participate in those assets) will be effectively subordinated to the claims of that subsidiary's creditors (including trade creditors),
except to the extent that Parent is recognized as a creditor of that subsidiary, in which case Parent's claims would still be effectively subordinated to any security interests in the assets of the
subsidiary and would still be contractually subordinated to any indebtedness of the subsidiary senior to that held by Parent. </FONT></P>

<P style="font-family:times;;margin-left:0pt;text-indent:-0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:0pt;text-indent:-0pt;" -->


Redemption prior to maturity may adversely affect your return on the New Notes.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent may choose to redeem your New Notes at times when prevailing interest rates are relatively low. As a result, you generally will not be
able to reinvest the redemption proceeds in a comparable security at an effective interest rate as high as the interest rate on the New Notes being redeemed. </FONT></P>

<P style="font-family:times;;margin-left:0pt;text-indent:-0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:0pt;text-indent:-0pt;" -->


Changes in our credit rating may adversely affect your investment in the New Notes.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The credit ratings assigned to the New Notes reflect the rating agencies' assessments of our ability to make payments on the New Notes when due.
Actual or anticipated changes or downgrades in our credit ratings, including any announcement that our ratings are under further review for a downgrade, could increase our corporate borrowing costs
and affect the market value of your New Notes. Also, our credit ratings may not reflect the potential impact of risks related to structure, market or other factors related to the value of the New
Notes. </FONT></P>

<P style="font-family:times;;margin-left:0pt;text-indent:-0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:0pt;text-indent:-0pt;" -->


An increase in market interest rates could result in a decrease in the market value of the New Notes.  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In general, as market interest rates rise, debt securities bearing interest at fixed rates of interest decline in value. Consequently, if market
interest rates increase, the market value of the New Notes may decline. We cannot predict the future level of market interest rates. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>13</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=17,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=130332,FOLIO='13',FILE='DISK116:[19ZAI1.19ZAI42501]DA42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_da42501_1_14"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>


<P style="font-family:times;;margin-left:0pt;text-indent:-0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:0pt;text-indent:-0pt;" -->


We may not have sufficient funds to purchase the New Notes upon a Change of Control Triggering Event as
required by the indenture governing the New Notes. The Change of Control Offer covenant provides limited protection.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holders of the New Notes may require us to purchase their New Notes upon a "Change of Control Triggering Event" as defined under "Description of
the New Notes&#151;Change of Control Offer." A Change of Control Triggering Event (as defined in such section of this prospectus) may also result in holders of certain of our future
indebtedness having the right to require us to repay indebtedness issued under other agreements. We cannot assure you that we would have sufficient financial resources, or would be able to arrange
financing, to pay the purchase price of the New Notes and repay indebtedness that may be tendered by the holders thereof in such a circumstance. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furthermore,
the terms of our then existing indebtedness or other agreements may contain covenants, events of default or other provisions that could be violated if a Change of Control
Triggering Event were to occur or if we were required to purchase the New Notes and other notes and repay indebtedness containing a similar repurchase or repayment requirement. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Change of Control Offer covenant is a result of negotiations between us and the dealer managers and is limited to the transactions specified in "Description of the New
Notes&#151;Change of Control Offer." We have no current intention to engage in a transaction involving a Change of Control Triggering Event, although it is possible that we could decide to do
so in the future. We could, in the future, enter into certain transactions, including acquisitions, dispositions, refinancings or other recapitalizations, that would not constitute a Change of Control
Triggering Event under the indenture, but that could increase the amount of indebtedness outstanding at such time or otherwise affect our capital structure or credit ratings. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>



<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Risks Relating to the Exchange Offer  </B></FONT></P>

<P style="font-family:times;;margin-left:0pt;text-indent:-0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:0pt;text-indent:-0pt;" -->


Holders who fail to exchange their Old Notes will continue to be subject to restrictions on transfer and may
have reduced liquidity after the exchange offer.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you do not exchange your Old Notes in the exchange offer, you will continue to be subject to the restrictions on transfer applicable to your
Old Notes. The restrictions on transfer of your Old Notes arise because we issued the Old Notes under exemptions from, or in transactions not subject to, the registration requirements of the
Securities Act and applicable state securities laws. In general, you may only offer or sell the Old Notes if they are registered under the Securities Act and applicable state securities laws, or are
offered and sold under an exemption from these requirements. We do not plan to register the Old Notes under the Securities Act. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furthermore,
we have not conditioned the exchange offer on receipt of any minimum or maximum principal amount of Old Notes. As Old Notes are tendered and accepted in the exchange offer,
the principal amount of remaining outstanding Old Notes will decrease. This decrease could reduce the liquidity of any trading market for the Old Notes. We cannot assure you of the liquidity, or even
the continuation, of any trading market for the outstanding Old Notes following the exchange offer. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
further information regarding the consequences of not tendering your Old Notes in the exchange offer, see the discussions below under the captions "The Exchange
Offer&#151;Consequences of Exchanging or Failing to Exchange Old Notes" and "U.S. Federal Income Tax Considerations." </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>14</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=18,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=682204,FOLIO='14',FILE='DISK116:[19ZAI1.19ZAI42501]DA42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_da42501_1_15"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;;margin-left:0pt;text-indent:-0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:0pt;text-indent:-0pt;" -->


You must comply with the exchange offer procedures to receive New Notes.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delivery of New Notes in exchange for Old Notes tendered and accepted for exchange pursuant to the exchange offer will be made only after timely
receipt by the exchange agent of the following:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> certificates for Old Notes or a book-entry confirmation of a book-entry transfer of Old Notes into the exchange agent's account at DTC, New
York, New York, as a depository, including an agent's message, as defined in this prospectus, if the tendering holder does not deliver a letter of transmittal; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> a complete and signed letter of transmittal, or facsimile copy, with any required signature guarantees, or, in the case of a book-entry
transfer, an agent's message in place of the letter of transmittal; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> any other documents required by the letter of transmittal. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Therefore,
holders of Old Notes who would like to tender Old Notes in exchange for New Notes should be sure to allow enough time for the necessary documents to be timely received by the
exchange agent. We are not required to notify you of defects or irregularities in tenders of Old Notes for exchange. Old Notes that are not tendered or that are tendered but that we do not accept for
exchange will, following consummation of the exchange offer, continue to be subject to the existing transfer restrictions under the Securities Act and will no longer have the registration and other
rights under the registration rights agreement. See "The Exchange Offer&#151;Procedures for Tendering Old Notes" and "The Exchange Offer&#151;Consequences of Exchanging or Failing to
Exchange Old Notes." </FONT></P>

<P style="font-family:times;;margin-left:0pt;text-indent:-0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:0pt;text-indent:-0pt;" -->


Some holders who exchange their Old Notes may be deemed to be underwriters, and these holders will be
required to comply with the registration and prospectus delivery requirements in connection with any resale transaction.  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you exchange your Old Notes in the exchange offer for the purpose of participating in a distribution of the New Notes, you may be deemed to
have received restricted securities. If you are deemed to have received restricted securities, you will be required to comply with the registration and prospectus delivery requirements of the
Securities Act in connection with any resale transaction. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, a broker-dealer that purchased Old Notes for its own account as part of market-making activities or other trading activities must deliver a prospectus meeting the
requirements of the Securities Act when it sells New Notes it receives in the exchange offer. Our obligation to make this prospectus available to broker-dealers is limited. We cannot guarantee that a
proper prospectus will be available to broker-dealers wishing to resell their New Notes. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>15</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=19,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=634384,FOLIO='15',FILE='DISK116:[19ZAI1.19ZAI42501]DA42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_da42501_1_16"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da42501_use_of_proceeds"> </A>
<A NAME="toc_da42501_2"> </A>
<BR></FONT><FONT SIZE=2><B>  USE OF PROCEEDS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will not receive any cash proceeds from the issuance of the New Notes. In consideration for issuing the New Notes as contemplated by this
prospectus, we will receive in exchange Old Notes in like principal amount. We will cancel all Old Notes received in exchange for New Notes in the exchange offer. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>16</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=20,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=278284,FOLIO='16',FILE='DISK116:[19ZAI1.19ZAI42501]DA42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dc42501_1_17"> </A>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dc42501_the_exchange_offer"> </A>
<A NAME="toc_dc42501_1"> </A>
<BR></FONT><FONT SIZE=2><B>  THE EXCHANGE OFFER    <BR>    </B></FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Purpose and Effect of the Exchange Offer Registration Rights  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the issuance of the Old Notes on December&nbsp;20, 2018 pursuant to the private exchange offer, Parent and H&amp;P
Drilling&nbsp;Co. entered into a registration rights agreement with the dealer managers. Under the terms of the registration rights agreement, we agreed to, among other
things:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> file the exchange offer registration statement with the SEC with respect to a registered offer to exchange the Old Notes for freely tradeable
notes having terms identical in all material respects to such Old Notes; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> use commercially reasonable efforts to cause the exchange offer registration statement to become effective under the Securities Act no later
than September&nbsp;16, 2019; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> use commercially reasonably efforts to complete the exchange offer no later than October&nbsp;16, 2019; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> file&nbsp;a shelf registration statement for the resale of the Old Notes if we cannot effect an exchange offer within the time periods listed
above and in certain other circumstances; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> if we fail to meet our registration obligations under the registration rights agreement, pay additional interest at a rate of 0.25% per annum
until all such defaults have been cured. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
terms of the New Notes offered in the exchange offer are substantially identical to the terms of the Old Notes, except that the New Notes will be registered under the Securities Act
and certain transfer restrictions, registration rights and additional interest provisions relating to the Old Notes do not apply to the New Notes. A copy of the registration rights agreement has been
filed as an exhibit to the registration statement of which this prospectus is a part. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Terms of the Exchange Offer; Period for Tendering Old Notes  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On the terms and subject to the conditions set forth in this prospectus, we will accept for exchange Old Notes that are validly tendered prior
to the expiration date and not validly withdrawn as permitted below. When we refer to the term expiration date, we mean 5:00&nbsp;p.m., New York City time, March&nbsp;18, 2019. We may, however,
extend the period of time that the exchange offer is open or earlier terminate the exchange offer. If we extend the exchange offer, the term expiration date means the latest time and date to which the
exchange offer is extended. In any event, the exchange offer will be held open for at least 20 business days. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of the date of this prospectus, $487,148,000 aggregate principal amount of Old Notes are outstanding, representing the aggregate principal amount of Old Notes issued under the
indenture, as defined below, dated as of December&nbsp;20, 2018. We are sending this prospectus, together with the letter of transmittal, to all holders of Old Notes known to us on the date of this
prospectus. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
expressly reserve the right to extend the period of time that the exchange offer is open, and consequently delay acceptance for exchange of any Old Notes, by giving written notice of
an extension to the holders of the Old Notes as described below. During any extension, all Old Notes previously tendered will remain subject to the exchange offer and may be accepted for exchange by
us. Any Old Notes not accepted for exchange for any reason will be returned without expense to the tendering holder promptly after the expiration or termination of the exchange offer. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Old
Notes tendered in the exchange offer must be in denominations of principal amount of $2,000 and integral multiples of $1,000 in excess of $2,000. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>17</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=21,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=695743,FOLIO='17',FILE='DISK116:[19ZAI1.19ZAI42501]DC42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dc42501_1_18"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
expressly reserve the right to amend or terminate the exchange offer, and not to exchange any Old Notes, upon the occurrence of any of the events specified under
"&#151;Conditions to the Exchange Offer." In the event of a material change in the exchange offer, including the waiver of a material condition, we will extend the offer period if necessary so
that at least five business days remain in the offer following notice of the material change. We will give written notice of any extension, amendment, nonacceptance or termination of the exchange
offer to the holders of the Old Notes as promptly as practicable. In the case of any extension, we will issue a notice by means of a press release or other public announcement no later than
9:00&nbsp;a.m., New York City time, on the next business day after the previously scheduled expiration date. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Procedures for Tendering Old Notes  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Your tender to us of Old Notes as set forth below and our acceptance of Old Notes will constitute a binding agreement between us and you on the
terms and subject to the conditions set forth in this prospectus and in the accompanying letter of transmittal. Except as set forth below, to tender Old Notes for exchange in the exchange offer, you
must transmit a properly completed and duly executed letter of transmittal, including all other documents required by the letter of transmittal or, in the case of a book-entry transfer, an agent's
message in place of the letter of transmittal, to Wells Fargo Bank, National Association, as exchange agent, at the address set forth below under "&#151;Exchange Agent" prior to the expiration
date. In addition:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> certificates for Old Notes must be received by the exchange agent prior to the expiration date, along with the letter of transmittal; or </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> a timely confirmation of a book-entry transfer (a "book-entry confirmation") of Old Notes, if this procedure is available, into the exchange
agent's account at DTC pursuant to the procedure for book-entry transfer described below under "&#151;Book-Entry Transfers" must be received by the exchange agent prior to the expiration date,
with the letter of transmittal or an agent's message in place of the letter of transmittal; or </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the holder must comply with the guaranteed delivery procedures described below. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
term "agent's message" means a message, transmitted by DTC to and received by the exchange agent and forming a part of a book-entry confirmation, which states that DTC has received
an express acknowledgment from the tendering participant stating that such participant has received and agrees to be bound by the letter of transmittal and that we may enforce such letter of
transmittal against such participant. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
method of delivery of Old Notes, letters of transmittal and all other required documents is at your election and risk. If such delivery is by mail, it is recommended that you use
registered mail, properly insured, with return receipt requested. In all cases, you should allow sufficient time to assure timely delivery. No letter of transmittal or Old Notes should be sent to us. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signatures
on a letter of transmittal or a notice of withdrawal, as the case may be, must be guaranteed unless the Old Notes surrendered for exchange are
tendered:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> by a holder of the Old Notes who has not completed the box entitled "Special Issuance Instructions" or "Special Delivery Instructions" on the
letter of transmittal; or </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> for the account of an Eligible Institution (as defined below). </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event that signatures on a letter of transmittal or a notice of withdrawal are required to be guaranteed, such guarantees must be by a firm which is a member of the Securities
Transfer Agent Medallion Program, the Stock Exchanges Medallion Program or the New York Stock Exchange Medallion Program (we refer to each such entity as an "Eligible Institution" in this prospectus).
If Old Notes are registered in the name of a person other than the signer of the letter of transmittal, the Old </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>18</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=22,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=629537,FOLIO='18',FILE='DISK116:[19ZAI1.19ZAI42501]DC42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dc42501_1_19"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>Notes
surrendered for exchange must be endorsed by, or be accompanied by a written instrument or instruments of transfer or exchange, in satisfactory form as we or the exchange agent determine, duly
executed by the registered holders with the signature thereon guaranteed by an Eligible Institution. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will use our reasonable judgment to make a final and binding determination on all questions as to the validity, form, eligibility, including time of receipt, and acceptance of Old
Notes tendered for exchange. We reserve the absolute right to reject any and all tenders of any particular Old Note not properly tendered or to not accept any particular Old Note which acceptance
might, in our or our counsel's reasonable judgment, be unlawful. We also reserve the right to waive any defects or irregularities or conditions of the exchange offer as to any particular Old Note
either at or before the expiration date, including the right to waive the ineligibility of any holder who seeks to tender Old
Notes in the exchange offer. Our interpretation of the terms and conditions of the exchange offer as to any particular Old Note either before or after the expiration date, including the letter of
transmittal and the instructions thereto, will be final and binding on all parties. Unless waived, any defects or irregularities in connection with tenders of Old Notes for exchange must be cured
within a reasonable period of time, as we determine. We are not, nor is the exchange agent or any other person, under any duty to notify you of any defect or irregularity with respect to your tender
of Old Notes for exchange, and no one will be liable for failing to provide such notification. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the letter of transmittal is signed by a person or persons other than the registered holder or holders of Old Notes, such Old Notes must be endorsed or accompanied by powers of
attorney signed exactly as the name(s) of the registered holder(s) that appear on the Old Notes. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the letter of transmittal or any Old Notes or powers of attorney are signed by trustees, executors, administrators, guardians, attorneys-in-fact, officers of corporations or others
acting in a fiduciary or representative capacity, such persons should so indicate when signing. Unless waived by us, proper evidence satisfactory to us of their authority to so act must be submitted
with the letter of transmittal. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
tendering Old Notes, you represent to us that, among other things:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the holder is neither our "affiliate," as defined in Rule&nbsp;405 under the Securities Act, nor a broker-dealer tendering notes acquired
directly from us for its own account; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> any New Notes acquired pursuant to the exchange offer are being obtained in the ordinary course of business of the person receiving such New
Notes, whether or not such person is the holder; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> at the time of commencement of the exchange offer, neither the holder nor such other person has any arrangement or understanding with any
person to participate in the distribution, as defined in the Securities Act, of the Old Notes or the New Notes in violation of the Securities Act. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the case of a holder that is not a broker-dealer, that holder, by tendering, will also represent to us that such holder is not engaged in and does not intend to engage in a
distribution, as defined in the Securities Act, of the New Notes. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
you are our "affiliate," as defined under Rule&nbsp;405 under the Securities Act, and engage in or intend to engage in or have an arrangement or understanding with any person to
participate in a distribution of such New Notes to be acquired pursuant to the exchange offer, you or any such other person:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> cannot rely on the applicable interpretations of the staff of the SEC; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> will not be entitled to tender your Old Notes in the exchange offer; and </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>19</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=23,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=70597,FOLIO='19',FILE='DISK116:[19ZAI1.19ZAI42501]DC42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dc42501_1_20"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> must comply with the registration requirements of the Securities Act in connection with any resale transaction. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
broker-dealer that receives New Notes for its own account in exchange for Old Notes that were acquired as a result of market-making or other trading activities must acknowledge that
it will comply with the registration and prospectus delivery requirements of the Securities Act in connection with any offer, resale or other transfer of the New Notes issued in the exchange offer,
including information with respect to any selling holder required by the Securities Act in connection with any resale of the New Notes. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furthermore,
any broker-dealer that acquired any of its Old Notes directly from us:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> may not rely on the applicable interpretation of the staff of the SEC's position contained in the Exxon Capital Letters; and </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> must also be named as a selling noteholder in connection with the registration and prospectus delivery requirements of the Securities Act
relating to any resale transaction. See "Plan of Distribution" and "&#151;Purpose and Effect of Exchange Offer Registration Rights." </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
broker-dealer that receives New Notes for its own account in exchange for Old Notes, where such Old Notes were acquired by such broker-dealer as a result of market-making activities
or other trading activities, must acknowledge that it will comply with the registration and prospectus delivery requirements of the Securities Act in connection with any offer, resale or other
transfer of such New Notes, including information with respect to any selling holder required by the Securities Act in connection with the resale of the New Notes. We have agreed that for a period of
180&nbsp;days after the effective date of the registration statement of which this prospectus forms&nbsp;a part (or for such shorter period during which broker-dealers are required by law to
deliver such prospectus), we will make this prospectus available to any broker-dealer for use in connection with any such resale. See "Plan of Distribution." </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Acceptance of Old Notes for Exchange; Delivery of New Notes  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon satisfaction or waiver of all of the conditions to the exchange offer, we will accept, promptly after the expiration date, all Old Notes
validly tendered and not validly withdrawn prior to the expiration date, unless we terminate the exchange offer. We will issue the New Notes promptly after the expiration date. See
"&#151;Conditions to the Exchange Offer." For purposes of the exchange offer, we will be deemed to have accepted validly tendered Old Notes for exchange if and when we give oral (confirmed in
writing) or written notice to the exchange agent. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
holder of each Old Note accepted for exchange will receive a New Note in a principal amount equal to that of the surrendered Old Notes. The New Notes will bear interest from the most
recent date to which interest has been paid on the Old Notes. Accordingly, registered holders of New Notes
on the relevant record date for the first interest payment date following the completion of the exchange offer will receive interest accruing from the most recent date to which interest has been paid
on the Old Notes or, if no interest has been so paid, from December&nbsp;20, 2018. Old Notes accepted for exchange will cease to accrue interest from and after the date of completion of the exchange
offer. Holders of Old Notes whose Old Notes are accepted for exchange will not receive any payment for accrued interest on the Old Notes otherwise payable on any interest payment date, the record date
for which occurs on or after completion of the exchange offer and will be deemed to have waived their rights to receive the accrued interest on the Old Notes. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>20</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=24,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=701206,FOLIO='20',FILE='DISK116:[19ZAI1.19ZAI42501]DC42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dc42501_1_21"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
all cases, issuance of New Notes for Old Notes that are accepted for exchange will only be made after timely receipt by the exchange agent
of:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> certificates for such Old Notes or a timely book-entry confirmation of such Old Notes into the exchange agent's account at DTC; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> a properly completed and duly executed letter of transmittal or an agent's message in lieu thereof; and </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> all other required documents. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any tendered Old Notes are not accepted for any reason set forth in the terms and conditions of the exchange offer or if Old Notes are submitted for a greater principal amount than
the holder desires to exchange, the unaccepted or nonexchanged Old Notes will be returned without expense to the tendering holder or, in the case of Old Notes tendered by book-entry transfer into the
exchange agent's account at DTC pursuant to the book-entry procedures described below, the nonexchanged Old Notes will be credited to an account maintained with DTC, promptly after the expiration or
termination of the exchange offer. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Book-Entry Transfers  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of the exchange offer, the exchange agent will request that an account be established with respect to the Old Notes at DTC within
two business days after the date of this prospectus, unless the exchange agent already has established an account with DTC suitable for the exchange offer. Any financial institution that is a
participant in DTC may make book-entry delivery of Old Notes by causing DTC to transfer such Old Notes into the exchange agent's account at DTC in accordance with DTC's procedures for transfer.
Although delivery of Old Notes may be effected through book-entry transfer at DTC, the letter of transmittal or facsimile thereof or an agent's message in lieu thereof, with any required signature
guarantees and any other required documents, must, in any case, be transmitted to and received by the exchange agent at the address set forth under "&#151;Exchange Agent" prior to the
expiration date or the guaranteed delivery procedures described below must be complied with. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
exchange agent and the book-entry transfer facility have confirmed that any financial institution that is a participant in the book-entry transfer facility may utilize the book-entry
transfer facility Automated Tender Offer Program ("ATOP") procedures to tender Old Notes. Any participant in the book-entry transfer facility may make book-entry delivery of Old Notes by causing the
book-entry transfer facility to transfer such Old Notes into the exchange agent's account in accordance with the book-entry transfer facility's ATOP procedures for transfer. However, the exchange for
the Old Notes so tendered will only be made after a book-entry confirmation of the book-entry transfer of Old Notes into the exchange agent's account, and timely receipt by the exchange agent of an
agent's message and any other documents required by the letter of transmittal. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>



<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Guaranteed Delivery Procedures  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you desire to tender your Old Notes and your Old Notes are not immediately available, or time will not permit your Old Notes or other
required documents to reach the exchange agent before the expiration date, a tender may be effected if:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> prior to the expiration date, the exchange agent receives from an Eligible Institution a notice of guaranteed delivery, substantially in the
form we provide, by telegram, telex, facsimile transmission, mail or hand delivery, setting forth your name and address, the amount of Old Notes tendered, stating that the tender is being made thereby
and guaranteeing that within three New York Stock Exchange ("NYSE") trading days after the date of execution of the notice of guaranteed delivery, the certificates for all physically tendered Old
Notes, in proper form for transfer, or a book-entry confirmation, as the case may be, together with a properly completed </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>21</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=25,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=677065,FOLIO='21',FILE='DISK116:[19ZAI1.19ZAI42501]DC42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dc42501_1_22"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<UL>
<UL>


<P style="font-family:times;"><FONT SIZE=2>and
duly executed appropriate letter of transmittal or facsimile thereof or agent's message in lieu thereof, with any required signature guarantees and any other documents required by the letter of
transmittal will be deposited by such Eligible Institution with the exchange agent; and </FONT></P>

</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the certificates for all physically tendered Old Notes, in proper form for transfer, or a book-entry confirmation, as the case may be, together
with a properly completed and duly executed appropriate letter of transmittal or facsimile thereof or agent's message in lieu thereof, with any required signature guarantees and all other documents
required by the letter of transmittal, are received by the exchange agent within three NYSE trading days after the date of execution of the notice of guaranteed delivery. </FONT></DD></DL>
</UL>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Withdrawal Rights  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You may withdraw your tender of Old Notes at any time prior to the expiration date. To be effective, a written notice of withdrawal must be
received by the exchange agent at the address set forth under "&#151;Exchange Agent." This notice must specify:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the name of the person having tendered the Old Notes to be withdrawn; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the Old Notes to be withdrawn, including the principal amount of such Old Notes; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> where certificates for Old Notes have been transmitted, the name in which such Old Notes are registered, if different from that of the
withdrawing holder. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
certificates for Old Notes have been delivered or otherwise identified to the exchange agent, then, prior to the release of the certificates, the withdrawing holder must also submit
the serial numbers of the particular certificates to be withdrawn and a signed notice of withdrawal with signatures guaranteed by an Eligible Institution, unless such holder is an Eligible
Institution. If Old Notes have been tendered pursuant to the procedure for book-entry transfer described above, any notice of withdrawal must specify the name and number of the account at DTC to be
credited with the withdrawn Old Notes and otherwise comply with the procedures of DTC. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will use our reasonable judgment to make a final and binding determination on all questions as to the validity, form and eligibility, including time of receipt, of such notices. Any
Old Notes so withdrawn will be deemed not to have been validly tendered for exchange for purposes of the exchange offer. Any Old Notes tendered for exchange but not exchanged for any reason will be
returned to the holder without cost to the holder, or, in the case of Old Notes tendered by book-entry transfer into the exchange agent's account at DTC pursuant to the book-entry transfer procedures
described above, the Old Notes will be credited to an account maintained with DTC for the Old Notes promptly after withdrawal, rejection of tender or termination of the exchange offer. Properly
withdrawn Old Notes may be re-tendered by following one of the procedures described under "&#151;Procedures for Tendering Old Notes" above at any time prior to the expiration date. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Conditions to the Exchange Offer  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any other provision of the exchange offer, we are not required to accept for exchange, or to issue New Notes in exchange for,
any Old Notes and may terminate or
amend the exchange offer, if any of the following events occur prior to the expiration of the exchange offer:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the exchange offer violates any applicable law or applicable interpretation of the staff of the SEC; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> an action or proceeding shall have been instituted or threatened in any court or by any governmental agency that might materially impair our
ability to proceed with the exchange offer; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>22</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=26,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=346664,FOLIO='22',FILE='DISK116:[19ZAI1.19ZAI42501]DC42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dc42501_1_23"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> we shall not have received all governmental approvals that we deem necessary to consummate the exchange offer; or </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> there has been proposed, adopted, or enacted any law, statute, rule or regulation that, in our reasonable judgment, would materially impair our
ability to consummate the exchange offer. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
conditions stated above are for our sole benefit and may be asserted by us regardless of the circumstances giving rise to any condition or may be waived by us in whole or in part at
any time in our reasonable discretion. Our failure at any time to exercise any of the foregoing rights will not be deemed a waiver of any such right and each such right will be deemed an ongoing right
which may be asserted at any time. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, we will not accept for exchange any Old Notes tendered, and we will not issue New Notes in exchange for any such Old Notes, if at such time any stop order by the SEC is
threatened or in
effect with respect to the registration statement of which this prospectus constitutes a part, or the indenture is no longer qualified under the Trust Indenture Act of 1939, as amended (the "Trust
Indenture Act"). </FONT></P>


<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Exchange Agent  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo Bank, National Association has been appointed as the exchange agent for the exchange offer. All executed letters of transmittal
should be directed to the exchange agent at the address set forth below. Questions and requests for assistance, requests for additional copies of this prospectus or of the letter of transmittal and
requests for notices of guaranteed delivery should be directed to the exchange agent addressed as follows: </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>Wells
Fargo Bank, National Association, Exchange Agent </FONT></P>
 <div style="display:none;*display:block;margin-top:-1pt;"></div>

 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
 <!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="31%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="31%" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="31%" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="TOP">
<TD ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><I>Registered&nbsp;&amp; Certified Mail:</I></FONT><FONT SIZE=2><BR>
Wells Fargo Bank, N.A.<BR>
Corporate Trust Operations<BR>
MAC N9300-070<BR>
600 South Fourth Street<BR>
Minneapolis, MN 55402</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><I> Regular Mail or Courier:</I></FONT><FONT SIZE=2><BR>
Wells Fargo Bank, N.A.<BR>
Corporate Trust Operations<BR>
MAC N9300-070<BR>
600 South Fourth Street<BR>
Minneapolis, MN 55402</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><I> In Person by Hand Only:</I></FONT><FONT SIZE=2><BR>
Wells Fargo Bank, N.A.<BR>
Corporate Trust Operations<BR>
MAC N9300-070<BR>
600 South Fourth Street<BR>
Minneapolis, MN 55402</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>or
by facsimile at (877)&nbsp;407-4679<BR>
to confirm by telephone or for information at (800)&nbsp;344-5128 </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>DELIVERY OF THE LETTER OF TRANSMITTAL TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE OR TRANSMISSION OF SUCH LETTER OF TRANSMITTAL VIA FACSIMILE OTHER THAN AS SET
FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY OF THE LETTER OF TRANSMITTAL.</B></FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>



<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Fees and Expenses  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The principal solicitation is being made by electronic mail by Wells Fargo Bank, National Association, as exchange agent. We will pay the
exchange agent customary fees for its services, reimburse the exchange agent for its reasonable out-of-pocket expenses incurred in connection with the provision of these services and pay other
registration expenses, including fees and expenses of the trustee under the indenture governing the Notes, filing fees, blue sky fees and printing and distribution
expenses. We will not make any payment to brokers, dealers or others soliciting acceptances of the exchange offer. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional
solicitation may be made by telephone, facsimile or in person by our and our affiliates' officers and regular employees and by persons so engaged by the exchange agent. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>23</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=27,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=918183,FOLIO='23',FILE='DISK116:[19ZAI1.19ZAI42501]DC42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dc42501_1_24"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>



<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Accounting Treatment  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will record the New Notes at the same carrying value as the Old Notes, as reflected in our accounting records on the date of the exchange.
Accordingly, we will not recognize any gain or loss for accounting purposes. The expenses of the exchange offer will be expensed as incurred. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Transfer Taxes  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You will not be obligated to pay any transfer taxes in connection with the tender of Old Notes in the exchange offer unless you instruct us to
register New Notes in the name of, or request that Old Notes not tendered or not accepted in the exchange offer be returned to, a person other than the registered tendering holder. In those cases, you
will be responsible for the payment of any potentially applicable transfer tax. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Consequences of Exchanging or Failing to Exchange Old Notes  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information below concerning specific interpretations of and positions taken by the staff of the SEC is not intended to constitute legal
advice, and holders should consult their own legal advisors with respect to those matters. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
you do not exchange your Old Notes for New Notes in the exchange offer, your Old Notes will continue to be subject to the provisions of the indenture governing the Notes regarding
transfer and exchange of the Old Notes and the restrictions on transfer applicable to your Old Notes. These transfer restrictions are required because the Old Notes were issued under an exemption
from, or in transactions not subject to, the registration requirements of the Securities Act and applicable state securities laws. In general, the Old Notes may not be offered or sold unless
registered under the Securities Act, except under an exemption from, or in a transaction not subject to, the Securities Act and applicable state securities laws. We do not plan to register the Old
Notes under the Securities Act. Holders of Old Notes that do not exchange Old Notes for New Notes in the exchange offer will no longer have any registration rights with respect to their Old Notes
(except in the case of the dealer managers and participating broker-dealers as provided in the registration rights agreement). </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
existing interpretations of the Securities Act by the SEC's staff contained in several no-action letters to third parties, and subject to the immediately following sentence, we
believe that the New Notes would generally be freely transferable by holders after the exchange offer without further registration under the Securities Act, subject to certain representations required
to be made by each holder of New Notes, as set forth below. However, any purchaser of New Notes who is one of our "affiliates" as defined in Rule&nbsp;405 under the Securities Act or who intends to
participate in the exchange offer for the purpose of distributing the New Notes:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> will not be able to rely on the interpretation of the SEC's staff; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> will not be able to tender its Old Notes in the exchange offer; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> must comply with the registration and prospectus delivery requirements of the Securities Act in connection with any sale or transfer of the New
Notes unless such sale or transfer is made pursuant to an exemption from such requirements. See "Plan of Distribution." </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
do not intend to seek our own interpretation regarding the exchange offer, and there can be no assurance that the SEC's staff would make a similar determination with respect to the
New Notes as it has in other interpretations to other parties, although we have no reason to believe otherwise. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
broker-dealer that receives New Notes for its own account in exchange for Old Notes, where such Old Notes were acquired by such broker-dealer as a result of market-making activities
or other trading activities, must acknowledge that it will comply with the registration and prospectus delivery requirements of the Securities Act in connection with any offer, resale or other
transfer of such New </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>24</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=28,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=773572,FOLIO='24',FILE='DISK116:[19ZAI1.19ZAI42501]DC42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dc42501_1_25"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>Notes,
including information with respect to any selling holder required by the Securities Act in connection with the resale of the New Notes. The letter of transmittal states that by so acknowledging
and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an "underwriter" within the meaning of the Securities Act. This prospectus, as it may be amended or supplemented
from time to time, may be used by a broker-dealer in connection with resales of New Notes received in exchange for Old Notes which were received by the broker-dealer as a result of market-making or
other trading activities. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>25</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=29,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=874534,FOLIO='25',FILE='DISK116:[19ZAI1.19ZAI42501]DC42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_de42501_1_26"> </A>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="de42501_description_of_the_new_notes"> </A>
<A NAME="toc_de42501_1"> </A>
<BR></FONT><FONT SIZE=2><B>  DESCRIPTION OF THE NEW NOTES    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent will issue up to $487,148,000 in aggregate principal amount of New Notes under a base indenture, together with a supplement thereto
establishing the terms of the New Notes (together, the "indenture"), each dated December&nbsp;20, 2018, among Parent, H&amp;P Drilling&nbsp;Co. and Wells Fargo Bank, National Association, as trustee.
This is the same indenture under which the Old Notes were issued. The New Notes are substantially identical to the Old Notes except that the transfer restrictions, registration rights and additional
interest provisions relating to the Old Notes described in the registration rights agreement do not apply to the New Notes. The New Notes issued in this exchange offer and any Old Notes that remain
outstanding after this exchange offer will constitute a single series of debt securities under the indenture. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
terms of the New Notes include those expressly set forth in the indenture and those made part of the indenture by reference to the Trust Indenture Act. Parent may issue additional
New Notes (the "additional notes") from time to time without notice or the consent of holders of the New Notes,
provided that if the additional notes are not fungible with the New Notes offered hereby for U.S. federal income tax purposes, then they must be issued with a different CUSIP number. The New Notes
issued in the exchange offer, the Old Notes and any additional notes subsequently issued under the indenture will be treated as a single series of securities for all purposes under the indenture,
including, without limitation, waivers, amendments and redemptions. Except as otherwise specified herein, all references to the "New Notes" include any additional notes. Parent may also issue other
series of debt securities from time to time under the base indenture. References in this description to "Parent" refer only to Helmerich&nbsp;&amp; Payne,&nbsp;Inc., and not to any of its
Subsidiaries, and references to "H&amp;P Drilling&nbsp;Co." refer only to Helmerich&nbsp;&amp; Payne International Drilling&nbsp;Co., and not to any of its Subsidiaries. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Description of the New Notes is intended to be a useful overview of the material provisions of the New Notes and the indenture. Since this description is only a summary, you should
refer to the indenture for a complete description of Parent's obligations, the obligations of H&amp;P Drilling&nbsp;Co. and your rights. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
New Notes will mature on March&nbsp;15, 2025 and will be:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> unsecured; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> effectively junior in right of payment to any of Parent's future secured debt, to the extent of the value of the collateral therefor; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> equal in right of payment with all of Parent's existing and future unsecured unsubordinated debt; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> senior in right of payment to any of Parent's future senior subordinated or subordinated debt; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> structurally subordinated to all debt and other liabilities of Parent's Subsidiaries that do not guarantee the New Notes. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent's
obligations under the New Notes will be fully and unconditionally guaranteed by H&amp;P Drilling&nbsp;Co., but as of the closing of this exchange offer, Parent's other
Subsidiaries will not guarantee the New Notes. The indenture does not contain restrictions on the amount of additional indebtedness that Parent or its Subsidiaries (including H&amp;P Drilling&nbsp;Co.)
may issue or guarantee in the future. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Interest  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on the New Notes will accrue at the rate of 4.65% per annum from the most recent date on which interest has been paid, or if no
interest has been paid, from the date of issuance. Interest on the New Notes will be payable semi-annually in arrears on March&nbsp;15 and September&nbsp;15 of each year to </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>26</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=30,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=284591,FOLIO='26',FILE='DISK116:[19ZAI1.19ZAI42501]DE42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_de42501_1_27"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>the
persons in whose names the New Notes are registered at the close of business on the preceding March&nbsp;1 and September&nbsp;1, respectively. Interest on the New Notes will be computed on the
basis of a 360-day year comprised of twelve 30-day months. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any scheduled payment date with respect to the New Notes is not a business day, then the related payment will be paid on the next succeeding business day with the same force and
effect as if made on such scheduled payment date and no further interest will accrue as a result of such delay. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Payments on the New Notes; Paying Agent and Registrar  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent will pay principal of and interest on any New Notes issued in certificated form at the office or agency Parent designates, except that
Parent may pay interest on any New Notes in certificated form either at the corporate trust office of the trustee or, at Parent's option, by check mailed to holders of the New Notes at their
registered addresses as they appear in the registrar's books. In addition, if a holder of any New Notes in certificated form has given wire transfer
instructions in accordance with the indenture, Parent will make all payments on those New Notes by wire transfer. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent
has initially designated the trustee, at its corporate trust office, to act as its paying agent and registrar. Parent may, however, change the paying agent or registrar without
prior notice to the holders of the New Notes, and Parent or any of its Subsidiaries may act as paying agent or registrar. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent
will pay principal of and interest on any New Note in global form registered in the name of or held by DTC or its nominee in immediately available funds to DTC or its nominee, as
the case may be, as the registered holder of such global note. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>



<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Transfer and Exchange  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A holder of New Notes may transfer or exchange New Notes at the office of the registrar in accordance with the indenture. The registrar and the
trustee may require a holder, among other things, to furnish appropriate endorsements and transfer documents. No service charge will be imposed by Parent, the trustee or the registrar for any
registration of transfer or exchange of New Notes, but Parent may require a holder to pay a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith.
Parent is not required to transfer or exchange any New Note selected for redemption. Also, Parent is not required to transfer or exchange any New Note&nbsp;(1) for a period of 15&nbsp;days before
a mailing of notice of redemption or (2)&nbsp;if Parent has called the New Note for redemption in whole or in part, except the unredeemed portion of any New Note being redeemed in part. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
registered holder of a New Note will be treated as the owner of it for all purposes. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Guarantees  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H&amp;P Drilling&nbsp;Co. will fully and unconditionally guarantee the due and punctual payment of the principal of, premium, if any, and interest
on the New Notes and any other obligations of Parent under the New Notes when and as they become due and payable, whether at maturity, upon redemption, by acceleration or otherwise, if Parent is
unable to satisfy these obligations. H&amp;P Drilling&nbsp;Co.'s guarantee of Parent's obligations under the New Notes will be its senior unsecured obligation and will have the same ranking with respect
to H&amp;P Drilling&nbsp;Co.'s indebtedness as the New Notes will have with respect to Parent's indebtedness. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H&amp;P
Drilling&nbsp;Co.'s guarantee will be:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> unsecured; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> effectively junior in right of payment to any of H&amp;P Drilling&nbsp;Co.'s future secured debt, to the extent of the value of the collateral
therefor; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>27</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=31,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=544378,FOLIO='27',FILE='DISK116:[19ZAI1.19ZAI42501]DE42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_de42501_1_28"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> equal in right of payment with all of H&amp;P Drilling&nbsp;Co.'s existing and future unsecured unsubordinated debt; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> senior in right of payment to any of H&amp;P Drilling&nbsp;Co.'s future senior subordinated or subordinated debt; and </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> structurally subordinated to all debt and other liabilities of H&amp;P Drilling&nbsp;Co.'s Subsidiaries that do not guarantee the New Notes. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
guarantee will provide that, in the event of a default in payment by Parent on the New Notes, the trustee, on behalf of the holders of the New Notes, may institute legal proceedings
directly against H&amp;P Drilling&nbsp;Co. to enforce its guarantee without first proceeding against Parent. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
indenture further provides that, if any Subsidiary of Parent, other than H&amp;P Drilling&nbsp;Co., guarantees Debt (as defined below) of Parent under the Credit Agreement or any other
credit facility entered into with commercial banks in excess of $25&nbsp;million, then that Subsidiary will within 20 business days of such guarantee enter into a supplemental indenture under which
it will provide a guarantee of Parent's obligations under the indenture and the New Notes. Any such guarantee will be a joint and several obligation of the Subsidiary and the other guarantors and will
be subject to limitations intended to prevent the obligations from being treated as a fraudulent conveyance. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
guarantee by a Subsidiary of Parent will be released automatically and unconditionally if (i)&nbsp;with respect to any guarantee provided by any Subsidiary of Parent other than H&amp;P
Drilling&nbsp;Co., concurrently with or prior to such release, the Subsidiary ceases to provide a guarantee of Debt of Parent in excess of $25&nbsp;million under an applicable credit facility,
provided no Event of Default has occurred and is continuing; (ii)&nbsp;with respect to the guarantee provided by H&amp;P Drilling&nbsp;Co., concurrently with or prior to such release, H&amp;P
Drilling&nbsp;Co. ceases to be an obligor or guarantor in respect of any Funded Debt in excess of $25&nbsp;million provided no Event of Default has occurred and is continuing;
(iii)&nbsp;Parent's (or a Subsidiary's) Capital Stock in such Subsidiary is sold or otherwise disposed (by merger or otherwise) to any person that is not Parent or a Subsidiary such that, after
giving effect to any such sale or disposition, such person is no longer a Subsidiary; or (iv)&nbsp;Parent exercises its legal defeasance option or Parent's obligations are discharged as described
under "&#151;Discharge, Legal Defeasance and Covenant Defeasance." </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Optional Redemption  </B></FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Make-Whole Redemption  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior to December&nbsp;15, 2024, the New Notes will be subject to redemption by Parent, in whole at any time or in part from time to time, at
a redemption price equal to the greater of:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> 100% of the principal amount of the New Notes to be redeemed; or </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the sum of the present values, as calculated by the Independent Investment Banker, of the remaining scheduled payments of principal and
interest thereon (exclusive of the interest accrued to the date of redemption) computed by discounting such payments to the redemption date on a semi-annual basis, assuming a 360-day year consisting
of twelve 30-day months, at a rate equal to the sum of the Adjusted Treasury Rate for such New Notes plus 40 basis points, plus accrued and unpaid interest, if any, to, but excluding, the redemption
date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date). </FONT></DD></DL>
</UL>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Par Redemption  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or after December&nbsp;15, 2024, the New Notes may be redeemed in whole at any time or in part from time to time, at Parent's option, at a
redemption price equal to 100% of the principal amount of </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>28</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=32,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=764570,FOLIO='28',FILE='DISK116:[19ZAI1.19ZAI42501]DE42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_de42501_1_29"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>the
New Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date (subject to the right of holders of record on the relevant record date to receive interest
due on the relevant interest payment date). </FONT></P>


<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


General  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent will deliver notice of redemption at least 30&nbsp;days but not more than 60&nbsp;days before the applicable redemption date to each
holder of the New Notes to be redeemed, except that notice may be given more than 60&nbsp;days before the applicable redemption date in connection with a redemption in connection with a defeasance
or satisfaction and discharge as described under "&#151;Discharge, Legal Defeasance and Covenant Defeasance." If Parent elects to redeem the New Notes in part, the trustee will select the New
Notes to be redeemed in compliance with the requirements of the principal securities exchange, if any, on which the New Notes are listed, as certified to the trustee by Parent, or if the New Notes are
not so listed or such exchange prescribes no method
of selection, pro rata (or, in the case of New Notes evidenced by global notes, in accordance with DTC's applicable procedures). </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the payment of the redemption price plus accrued and unpaid interest, if any, to, but excluding, the date of redemption, interest will cease to accrue on and after the applicable
redemption date on the New Notes or portions thereof called for redemption. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
redemption of New Notes may, at Parent's discretion, be subject to one or more conditions precedent, including the consummation of a financing transaction or equity issuance the
proceeds of which are to be used to fund such redemption. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Change of Control Offer  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the occurrence of a Change of Control Triggering Event (as defined below), each holder of New Notes will have the right to require Parent
to purchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of the holder's New Notes at a purchase price in cash equal to 101% (the "Change of Control Price") of
the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the date of purchase (subject to the right of holders of record on the relevant record date to receive
interest due on the relevant interest payment date), except to the extent that Parent has exercised its right to redeem the New Notes as described under "&#151;Optional Redemption" or as
otherwise set forth in this section. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Change
of Control" means the occurrence of any one of the following: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the
sale, lease, transfer, conveyance or other disposition (other than by way of merger, amalgamation or consolidation), in one or a series of related transactions,
of all or substantially all of the assets of Parent and the Subsidiaries taken as a whole to any "person" (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) other than to Parent or
one or more of the Subsidiaries or a combination thereof or a person controlled by Parent or one or more of the Subsidiaries or a combination thereof; or
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the
consummation of any transaction (including without limitation, any merger, amalgamation or consolidation) the result of which is that any "person" (as that term
is used in Section&nbsp;13(d)(3) of the Exchange Act) (other than any Subsidiary) becomes the "beneficial owner" (as defined in Rules&nbsp;13d-3 and 13d-5 under the Exchange Act), directly or
indirectly, of more than 50% of the outstanding Voting Stock of Parent, measured by voting power rather than number of shares (excluding a redomestication of Parent). </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing, a transaction will not be deemed to involve a "Change of Control" under clause&nbsp;(b) above if, as a result of such transaction, (i)&nbsp;Parent
becomes a direct or indirect wholly owned Subsidiary of a holding company and (ii)&nbsp;the direct or indirect holders of the Voting Stock of </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>29</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=33,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=409927,FOLIO='29',FILE='DISK116:[19ZAI1.19ZAI42501]DE42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_de42501_1_30"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>such
holding company immediately following such transaction are substantially the same as the holders of the Voting Stock of Parent immediately prior to such transaction. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Change
of Control Triggering Event" means the ratings of the New Notes are lowered by at least two of the three Rating Agencies and, as a result, the New Notes cease to be rated
Investment Grade by at least two of the three Rating Agencies in any case on any date during the period (the "Trigger Period") commencing on the date of the first public announcement by Parent of any
Change of Control (or pending Change of Control) and ending 60&nbsp;days following consummation of such Change of Control (which 60-day period will be extended for so long as the rating of the New
Notes is under publicly announced consideration for a possible downgrade as a result of the Change of Control by any of the Rating Agencies). Notwithstanding the foregoing, no Change of Control
Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within
60&nbsp;days following the date upon which the Change of Control Triggering Event has occurred, or at Parent's option, prior to any Change of Control but after the public
announcement of the transaction that constitutes or may constitute the Change of Control, except to the extent that Parent has exercised its right to redeem the New Notes as described under
"&#151;Optional Redemption" or as otherwise set forth in this section, Parent will send a notice (a "Change of Control Offer") to each holder of New Notes with a copy to the trustee, which
notice will govern the terms of the Change of Control Offer, stating: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>that
a Change of Control Triggering Event with respect to New Notes has occurred and that such holder has the right to require Parent to purchase such holder's New
Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the date of purchase (subject to the right of holders of
record on the relevant record date to receive interest on the relevant interest payment date);
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the
circumstances regarding such Change of Control Triggering Event;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the
purchase date (which shall be (i)&nbsp;no earlier than 30&nbsp;days nor later than 60&nbsp;days from the date such notice is sent, if sent after
consummation of the Change of Control and (ii)&nbsp;on the date of the Change of Control, if sent prior to consummation of the Change of Control, in each case, other than as may be required by law)
(such date, the "Change of Control Payment Date"); and
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the
instructions that a holder must follow in order to have its New Notes purchased. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holders
of New Notes electing to have New Notes purchased pursuant to a Change of Control Offer will be required to surrender their New Notes, with the form entitled "Option of Holder to
Elect Purchase" on the reverse of the New Note completed, to the paying agent at the address specified in the notice, or transfer their New Notes to the paying agent by book-entry transfer pursuant to
the applicable procedures of the paying agent and DTC, prior to the close of business on the third business day prior to the Change of Control Payment Date. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent
may make a Change of Control Offer in advance of a Change of Control and the Change of Control Payment Date, and Parent's Change of Control Offer may be conditioned upon such
Change of Control, if a definitive agreement is in place for the Change of Control at the time of making the Change of Control Offer. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
holders of not less than 90% in aggregate principal amount of the outstanding New Notes validly tender and do not withdraw the New Notes in a Change of Control Offer or Alternate
Offer (as hereinafter defined) and Parent, or any third party making a Change of Control Offer in lieu of Parent, as described below, purchases all of the New Notes validly tendered and not withdrawn
by such holders pursuant to such Change of Control Offer or Alternate Offer, as applicable, Parent will have the right, </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>30</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=34,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=214754,FOLIO='30',FILE='DISK116:[19ZAI1.19ZAI42501]DE42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_de42501_1_31"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>upon
not less than 30 nor more than 60&nbsp;days' prior notice, given not more than 30&nbsp;days following such purchase pursuant to the Change of Control Offer or Alternate Offer described above,
as the case may be, to redeem all New Notes that remain outstanding following such purchase at a redemption price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid
interest, if any, to, but excluding, the date of redemption (subject to the right of holders of record on the relevant record date to receive interest on the relevant interest payment date). </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent
will not be required to make a Change of Control Offer if (1)&nbsp;a third party makes such an offer in the manner, at the times and otherwise in compliance with the
requirements for such an offer made by Parent and such third party purchases all New Notes properly tendered and not withdrawn under its offer or (2)&nbsp;in connection with or in contemplation of
any Change of Control, Parent has made an offer to purchase (an "Alternate Offer") any and all New Notes validly tendered at a cash price equal to or higher than the Change of Control Price and
purchases all New Notes properly tendered in accordance with the terms of such Alternate Offer. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent
will comply, to the extent applicable, with the requirements of Section&nbsp;14(e) of the Exchange Act and any other securities laws or regulations in connection with the
repurchase of New Notes pursuant to a Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with the terms described in the offering memorandum and
consent solicitation statement of Helmerich&nbsp;&amp; Payne,&nbsp;Inc., dated November&nbsp;19, 2018, with respect to the Old Notes, Parent shall comply with the applicable securities laws and
regulations and will not be deemed to have breached its obligations by virtue thereof. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
definition of Change of Control includes a phrase relating to the sale, lease, transfer, conveyance or other disposition of "all or substantially all" of the assets of Parent and the
Subsidiaries taken as a whole. Although there is a limited body of case law interpreting the phrase "substantially all," there is no precise established definition of the phrase under applicable law. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accordingly,
the ability of a holder of New Notes to require Parent to repurchase its New Notes as a result of a sale, lease, transfer, conveyance or other disposition of less than all
of the assets of Parent and the Subsidiaries taken as a whole to another person may be uncertain. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
holders of a majority in principal amount of the outstanding New Notes may, on behalf of the holders of all New Notes, waive the right of the holders to require Parent to purchase
all or any part of each holder's New Notes as a consequence of a Change of Control Triggering Event. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>



<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Associated Definitions  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Fitch" means Fitch Ratings&nbsp;Inc., or any successor thereof which is a "nationally recognized statistical rating organization" within the
meaning of Section&nbsp;3(a)(62) of the Exchange Act. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Investment
Grade" means a rating of Baa3 or better by Moody's (or its equivalent under any successor rating category of Moody's); a rating of BBB- or better by S&amp;P (or its equivalent
under any successor rating category of S&amp;P); a rating of BBB- or better by Fitch (or its equivalent under any successor rating category of Fitch); and the equivalent investment grade rating from any
replacement Rating Agency or Agencies appointed by Parent or H&amp;P Drilling&nbsp;Co. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Moody's"
means Moody's Investors Service,&nbsp;Inc., a subsidiary of Moody's Corporation, or any successor thereof which is a "nationally recognized statistical rating organization"
within the meaning of Section&nbsp;3(a)(62) of the Exchange Act. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Rating
Agency" means each of Moody's, S&amp;P and Fitch; provided, that if any of Moody's, S&amp;P and Fitch ceases to rate the New Notes or fails to make a rating of the New Notes publicly
available, Parent or H&amp;P Drilling&nbsp;Co. will appoint a replacement for such Rating Agency that is a "nationally recognized statistical rating organization" within the meaning of
Section&nbsp;3(a)(62) of the Exchange Act. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>31</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=35,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=590464,FOLIO='31',FILE='DISK116:[19ZAI1.19ZAI42501]DE42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_de42501_1_32"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"S&amp;P"
means S&amp;P Global Ratings, a division of S&amp;P Global,&nbsp;Inc., or any successor thereof which is a "nationally recognized statistical rating organization" within the meaning of
Section&nbsp;3(a)(62) of the Exchange Act. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Subsidiaries"
is defined below under "&#151;Covenants&#151;Definitions." </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Voting
Stock" of any specified person as of any date means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of
such person. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Covenants  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Various capitalized terms used within this "Covenants" subsection are defined at the end of this subsection. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>



<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Limitations on Liens  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So long as any New Notes are outstanding, Parent will not, nor will it permit any Subsidiary to, issue, assume or guarantee any debt for money
borrowed ("Debt") if such Debt is secured by a mortgage, pledge, security interest or lien (a "mortgage" or "mortgages") upon any properties of Parent or any Subsidiary or upon any securities or Debt
of any Subsidiary (whether such properties, securities or Debt is now owned or hereafter acquired) without in any such case effectively providing that the New Notes shall be secured equally and
ratably with (or prior to) such Debt, except that the foregoing restrictions shall not apply to: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>mortgages
on any property acquired (and related contracts, intangibles and other assets incidental thereto or arising therefrom (including improvements and
accessions thereto and replacements or proceeds thereof)), constructed, developed, operated, altered, repaired or improved by Parent or any Subsidiary (or mortgages on the securities of a special
purpose Subsidiary which holds no material assets other than the property being acquired, constructed, developed, operated, altered, repaired or improved) after the date of the indenture which are
created within 360&nbsp;days after such acquisition (or in the case of property constructed, developed, operated, altered, repaired or improved, after the completion and commencement of commercial
operation of such property, whichever is later), to secure or provide for the payment of the purchase price or cost thereof (including to secure indebtedness to finance all or any part of such
purchase price or cost); provided that in the case of such construction, development, operation, alteration, repair or improvement, the mortgages shall not apply to any property owned by Parent or any
Subsidiary before such construction, development, operation, alteration, repair or improvement other than (1)&nbsp;unimproved real property on which the property so constructed, or the development,
operation, alteration, repair or improvement, is located or (2)&nbsp;personal property which is so improved (and related contracts, intangibles and other assets incidental thereto or arising
therefrom (including improvements and accessions thereto and replacements or proceeds thereof));
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>(1)
mortgages existing on the date of issuance of the New Notes, (2)&nbsp;existing mortgages on property acquired (including mortgages on any property acquired
from a person which is consolidated with or merged with or into Parent or a Subsidiary) or (3)&nbsp;mortgages outstanding at the time any corporation, partnership or other entity becomes a
Subsidiary or is consolidated with or merged with or into Parent or a Subsidiary; provided that in the case of (3)&nbsp;such mortgages shall only apply to property owned by such corporation,
partnership or other entity at the time it becomes a Subsidiary or that is acquired thereafter;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>mortgages
in favor of Parent or any Subsidiary; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>32</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=36,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=41699,FOLIO='32',FILE='DISK116:[19ZAI1.19ZAI42501]DE42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<UL>
<UL>
</UL>
</UL>
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dg42501_1_33"> </A>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT> <FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(d)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>mortgages
in favor of domestic or foreign governmental bodies to secure advances or other payments pursuant to any contract or statute or to secure indebtedness
incurred to finance the purchase price or cost of constructing, developing, operating, altering, repairing or improving the property subject to such mortgages (and related contracts, intangibles and
other assets incidental thereto or arising therefrom (including improvements and accessions thereto and replacements or proceeds thereof)), including mortgages to secure Debt of the pollution control
or industrial revenue bond type;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(e)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>mortgages
consisting of pledges or deposits by Parent or any Subsidiary under worker's compensation laws, unemployment insurance laws or similar legislation, or good
faith deposits in connection with bids, tenders, contracts (other than for the payment of Debt) or leases to which Parent or any Subsidiary is a party, or deposits to secure public or statutory
obligations or regulatory obligations of Parent or any Subsidiary or deposits or cash or United States government bonds to secure surety or appeal bonds to which it is a party, or deposits as security
for contested taxes or import or customs duties or for the payment of rent, in each case incurred in the ordinary course of business;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(f)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>mortgages
imposed by law, including materialmen's, carriers', warehousemen's, repairman's, builders', workmen's, landlords' and mechanics' liens, in each case for
sums not overdue for a period of more than 30&nbsp;days or being contested in good faith by appropriate proceedings if a reserve or other appropriate provisions, if any, as shall be required by
generally accepted accounting principles shall have been made in respect thereof;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(g)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>mortgages
for taxes, assessments or other governmental charges that are not yet delinquent or which are being contested in good faith by appropriate proceedings
provided appropriate reserves required pursuant to generally accepted accounting principles have been made in respect thereof;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(h)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>mortgages
in favor of issuers of surety or performance and return of money bonds or letters of credit or bankers' acceptances issued pursuant to the request of and
for the account of Parent or any Subsidiary in the ordinary course of its business;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(i)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>mortgages
consisting of encumbrances, easements or reservations of, or rights of others for, licenses, rights of way, sewers, electric lines, telegraph and telephone
lines, roads, pipe lines, water mains and other similar purposes, or mortgages consisting of zoning or other restrictions as to the use of real properties or mortgages incidental to the conduct of the
business of Parent or a Subsidiary or to the ownership of its properties which do not materially adversely affect the value of said properties or materially impair their use in the operation of the
business of Parent or a Subsidiary;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(j)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>mortgages
arising by virtue of any statutory or common law provisions or included in any customary deposit account agreements or related or similar documentation
relating to bankers' liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depository institution;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(k)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>any
mortgage over goods (or any documents relating thereto) arising either in favor of a bank issuing a form of documentary credit in connection with the purchase of
such goods or by way of retention of title by the supplier of such goods where such goods are supplied on credit, subject to such retention of title, and in both cases where such goods are acquired in
the ordinary course of business;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(l)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>any
extension, renewal, refinancing or replacement (or successive extensions, renewals, refinancings or replacements), in whole or in part, of any mortgage referred
to in the foregoing clauses&nbsp;(a) through (i), inclusive; provided that (1)&nbsp;such extension, renewal, refinancing or replacement mortgage shall not extend beyond the property or assets that </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>33</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=37,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=937445,FOLIO='33',FILE='DISK116:[19ZAI1.19ZAI42501]DG42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dg42501_1_34"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<UL>
<UL>

<P style="font-family:times;"><FONT SIZE=2>secured
or were of the type that secured the mortgage extended, renewed, refinanced or replaced, plus improvements, accessions to and replacements or proceeds thereof on such property or assets and
(2)&nbsp;the Debt secured by such mortgage is not greater in principal amount than the Debt secured by the mortgage extended, renewed, refinanced or replaced plus the amount of fees and expenses and
any prepayment premiums or breakage costs incurred in connection therewith;  </FONT></P>

</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(m)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Liens
in favor of a seller on any segregated cash earnest money deposits made by Parent or any of its Subsidiaries in connection with any executed letter of intent
or purchase agreement for a purchase of property or assets not prohibited by the indenture; or
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(n)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>any
mortgage on the funds and accounts securing any Debt of Parent or any Subsidiary pursuant to customary escrow arrangements pending the release thereof, or
pursuant to customary discharge, redemption or defeasance provisions. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the foregoing exceptions to the limitations set forth in the first paragraph of this subsection "&#151;Limitations on Liens," Parent and any
Subsidiary may, without securing the New Notes, issue, assume or guarantee Debt secured by a mortgage that, taken together with certain Attributable Debt described in the following sentence, does not
in the aggregate exceed 15.0% of Consolidated Net Tangible Assets at the time of incurrence. The Attributable Debt to be aggregated for purpose of this exception is all Attributable Debt in respect of
Sale and Lease-Back Transactions of Parent and its Subsidiaries under the exception in clause&nbsp;(e)(2) below existing at such time. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Limitations on Sale and Lease-Back Transactions  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So long as any New Notes are outstanding, Parent will not, nor will it permit any Subsidiary to, enter into any Sale and Lease-Back Transaction,
other than any Sale and Lease-Back Transaction: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>entered
into within 360&nbsp;days of the later of the acquisition, construction, development, operation, alteration, repair, improvement or placing into service of
the property subject thereto by Parent or the Subsidiary;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>involving
a lease of less than five years;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>entered
into in connection with an industrial revenue bond or pollution control financing;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(d)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>between
or among Parent and/or one or more Subsidiaries;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(e)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>as
to which Parent or such Subsidiary would be entitled to incur Debt secured by a mortgage on the property to be leased in an amount equal to the Attributable Debt
with respect to such Sale and Lease-Back Transaction without equally and ratably securing the New Notes (1)&nbsp;under clauses&nbsp;(a) through (l)&nbsp;in "&#151;Limitations on Liens"
above or (2)&nbsp;under the last paragraph of that covenant; or
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(f)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>as
to which Parent will apply an amount equal to the net proceeds from the sale of the property so leased to (1)&nbsp;the retirement (other than any mandatory
retirement), within 360&nbsp;days of the effective date of any such Sale and Lease-Back Transaction, of New Notes or of Funded Debt of Parent or a Subsidiary or (2)&nbsp;the acquisition,
construction, development, operation, alteration, repair or improvement of other property, provided that such property is owned by Parent or a Subsidiary free and clear of all mortgages. </FONT></DD></DL>
</UL>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


SEC Reports; Financial Information  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent covenants to furnish to the trustee, within 15&nbsp;days after Parent files the same with the SEC, copies of the annual reports and of
the information, documents and other reports that Parent may be required to file with the SEC pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Exchange Act or pursuant </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>34</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=38,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=363965,FOLIO='34',FILE='DISK116:[19ZAI1.19ZAI42501]DG42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dg42501_1_35"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>to
Section&nbsp;314 of the Trust Indenture Act; provided, however, that Parent will be deemed to have furnished such reports to the trustee if they have filed such reports with the SEC using the
EDGAR filing system and such reports are publicly available. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
any time when Parent is not subject to Section&nbsp;13 or 15(d) of the Exchange Act and the New Notes are not freely transferrable under the Securities Act, upon the request of a
holder of the New Notes, Parent will promptly furnish or cause to be furnished the information specified under Rule&nbsp;144A(d)(4) of the Securities Act to such holder, or to a prospective
purchaser of a Note designed by such holder, in order to permit compliance with Rule&nbsp;144A under the Securities Act. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delivery
of such reports, information and documents to the trustee is for informational purposes only, and the trustee's receipt thereof shall not constitute actual or constructive
knowledge or notice of any information contained therein or determinable from information contained therein, including Parent's, H&amp;P Drilling&nbsp;Co.'s or any other person's compliance with any of
the covenants under the indenture or the New Notes (as to which the trustee is entitled to rely exclusively on Officers' Certificates). The trustee will not be obligated to monitor or confirm, on a
continuing basis or otherwise, Parent's, H&amp;P Drilling&nbsp;Co.'s or any other person's compliance with any of the covenants described herein or to determine whether such reports, information or
documents have been posted on any website or other online data system or filed with the SEC through EDGAR (or other applicable system). </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Consolidation, Amalgamation, Merger, Conveyance of Assets  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The indenture provides that neither Parent nor H&amp;P Drilling&nbsp;Co. will consolidate or amalgamate with or merge with or into any other
entity, that Parent will not sell, convey, transfer or lease all or substantially all of Parent's and its Subsidiaries' assets, taken as a whole, to any person and that H&amp;P Drilling&nbsp;Co. will
not sell, convey, transfer or lease all or substantially all of H&amp;P Drilling&nbsp;Co.'s and its Subsidiaries' assets, taken as a whole, to any person,
unless:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the entity formed by the consolidation or amalgamation or into which Parent or H&amp;P Drilling&nbsp;Co. is merged, if other than Parent or H&amp;P
Drilling&nbsp;Co., as the case may be, or the person who acquires the assets, shall be organized under the laws of the United States, any state thereof, or the District of Columbia, and in either
case (other than a consolidation, amalgamation or merger between Parent and H&amp;P Drilling&nbsp;Co. where Parent is the surviving entity) expressly assumes by supplemental indenture Parent's or H&amp;P
Drilling&nbsp;Co.'s obligations under the indenture, the New Notes and the guarantee; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> immediately after giving effect to that transaction, no event of default, and no event that, after notice or lapse of time or both, would
become an event of default, shall have happened and be continuing; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> Parent has delivered to the trustee an Officers' Certificate and an opinion of counsel, each stating that such consolidation, amalgamation,
merger, conveyance, transfer or lease and such supplemental indenture comply with the indenture and that all conditions precedent therein provided for relating to such transaction have been complied
with. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing, this subsection will not apply to a sale, conveyance, transfer or lease of assets solely between or among Parent and its Subsidiaries (including H&amp;P
Drilling&nbsp;Co.), including by way of merger, consolidation, or amalgamation. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Event Risk  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except for the limitations described above under the subsections "&#151;Limitations on Liens" and "&#151;Limitations on Sale and
Lease-Back Transactions," the indenture does not afford holders of the New Notes protection in the event of a highly leveraged transaction involving either Parent or H&amp;P </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>35</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=39,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=942018,FOLIO='35',FILE='DISK116:[19ZAI1.19ZAI42501]DG42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dg42501_1_36"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>Drilling&nbsp;Co.
and will not contain any restrictions on the amount of additional indebtedness that Parent or its Subsidiaries (including H&amp;P Drilling&nbsp;Co.) may incur. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>



<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Definitions  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Adjusted Treasury Rate" means, with respect to any redemption date, the rate per annum equal to: (1)&nbsp;the yield, under the heading that
represents the average for the immediately preceding week, appearing in the most recently published statistical release designated "H.15(519)" or any successor publication that is published weekly by
the Board of Governors of the Federal Reserve System and which establishes yields on actively traded U.S. Treasury securities, adjusted to constant maturity under the caption "Treasury Constant
Maturities" for the maturity corresponding to the Optional Redemption Comparable Treasury Issue; provided that, if no maturity is within three months before or after the remaining term of the New
Notes to be redeemed, yields for the two published maturities most closely corresponding to the Optional Redemption Comparable Treasury Issue will be determined and the Adjusted Treasury Rate will be
interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month; or (2)&nbsp;if such release (or any successor release) is not published during the week
preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Optional Redemption Comparable Treasury Issue, calculated
using a price for the Optional Redemption Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Optional Redemption Comparable Treasury Price for such redemption
date. Parent (or its designee) will (a)&nbsp;determine the Adjusted Treasury Rate with respect to any redemption on the third business day prior to the redemption date, and (b)&nbsp;prior to such
redemption date file with the trustee an Officers' Certificate setting forth the Applicable Treasury Rate and showing the calculation of such in reasonable detail. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Attributable
Debt" means, with respect to any Sale and Lease-Back Transaction as of any particular time, the present value discounted at the rate of interest implicit in the terms of
the lease of the obligations of the lessee under such lease for net rental payments during the remaining term of the lease. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Capital
Stock" means (i)&nbsp;in the case of a corporation or a company, corporate stock or shares; (ii)&nbsp;in the case of an association or business entity, any and all shares,
interests, participations, rights or other equivalents (however designated) of corporate stock; (iii)&nbsp;in the case of a partnership or limited liability company, partnership or membership
interests (whether general or limited); and (iv)&nbsp;any other interest or participation that confers on a person the right to receive a share of the profits and losses of, or distributions of
assets of, the issuing person. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Consolidated
Net Tangible Assets" means the total assets of Parent and the Subsidiaries as of the most recent fiscal quarter end for which a consolidated balance sheet of Parent and the
Subsidiaries is available, </FONT><FONT SIZE=2><I>minus</I></FONT><FONT SIZE=2> all current liabilities (excluding the current portion of any long-term debt) of Parent and the Subsidiaries reflected
on such balance sheet and </FONT><FONT SIZE=2><I>minus</I></FONT><FONT SIZE=2> total goodwill and other intangible assets of Parent and the Subsidiaries reflected on such balance sheet, all
calculated on a consolidated basis in accordance with U.S.&nbsp;GAAP (which calculation shall give pro forma effect to any acquisition by or disposition of assets of Parent or any Subsidiaries
involving the payment or receipt by Parent or any Subsidiaries, as applicable, of consideration (whether in the form of cash or non-cash consideration) in excess of $25&nbsp;million that has
occurred since the end of such fiscal quarter, as if such acquisition or disposition had occurred on the last day of such fiscal quarter). </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Credit
Agreement" means that certain Credit Agreement, dated as of November&nbsp;13, 2018, as amended, by and among Parent and Wells Fargo Bank, National Association, as an issuing
lender and administrative agent, and certain financial institutions, as lenders, as amended, restated, replaced, or refinanced from time to time, whether with the same or different lenders. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>36</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=40,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=939090,FOLIO='36',FILE='DISK116:[19ZAI1.19ZAI42501]DG42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dg42501_1_37"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Funded
Debt" means indebtedness for money borrowed which by its terms matures at, or is extendible or renewable at the option of the obligor to, a date more than 12&nbsp;months after
the date of the creation of such indebtedness. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Independent
Investment Banker" means Credit Suisse Securities (USA)&nbsp;LLC, or if such firm is unwilling or unable to serve as such, an independent investment and banking
institution of national standing appointed by Parent. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Optional
Redemption Comparable Treasury Issue" means the U.S. Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of
the New Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of the New Notes or, if, in the reasonable judgment of the Independent Investment Banker, there is no such security, then the Optional Redemption Comparable Treasury
Issue will mean the U.S. Treasury security or securities selected by the Independent Investment Banker as having an actual or interpolated maturity or maturities comparable to the remaining term of
the New Notes. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Optional
Redemption Comparable Treasury Price" means, as determined by the Independent Investment Banker, (1)&nbsp;the average of four Optional Redemption Reference Treasury Dealer
Quotations for the applicable redemption date, after excluding the highest and lowest Optional Redemption Reference Treasury Dealer Quotations, or (2)&nbsp;if the Independent Investment Banker
obtains fewer than four such Optional Redemption Reference Treasury Dealer Quotations, the average of all such quotations. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Optional
Redemption Reference Treasury Dealer" means each of (i)&nbsp;Credit Suisse Securities (USA)&nbsp;LLC (or any affiliate thereof that is a primary U.S. governmental
securities dealer (a "Primary Treasury Dealer")), (ii)&nbsp;a Primary Treasury Dealer selected by Credit Suisse Securities (USA)&nbsp;LLC, and (iii)&nbsp;two other Primary Treasury Dealers
selected by Parent, and their respective successors; provided that if any of the foregoing ceases to be, and has no affiliate that is, a Primary Treasury Dealer, Parent will substitute for it another
Primary Treasury Dealer. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Optional
Redemption Reference Treasury Dealer Quotations" means, with respect to each Optional Redemption Reference Treasury Dealer and any redemption date, the average, as determined
by the Independent Investment Banker of the bid and asked prices for the Optional Redemption Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in
writing to the Independent Investment Banker and the trustee at 5:00&nbsp;p.m., New York City time, on the third business day preceding such redemption date. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Sale
and Lease-Back Transaction" means any arrangement with any person providing for the leasing by Parent or any Subsidiary of any property from such person, whereby such property had
been sold or transferred by Parent or any Subsidiary to such person. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Subsidiary"
means (1)&nbsp;any corporation, association or other business entity (other than a partnership, joint venture or limited liability company) of which more than 50% of the
total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of
determination owned or controlled, directly or indirectly, by Parent or one or more of the other Subsidiaries or a combination thereof and (2)&nbsp;any partnership, joint venture or limited
liability company of which (x)&nbsp;more than 50% of the capital accounts, distribution rights, total equity and voting interests or general and limited partnership interests, as applicable, are
owned or controlled, directly or indirectly, by Parent or one or more of the other Subsidiaries or a combination thereof, whether in the form of membership, general, special or
limited partnership interests or otherwise, and (y)&nbsp;Parent or any of the Subsidiaries is a controlling general partner or otherwise controls such entity. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>37</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=41,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=1028656,FOLIO='37',FILE='DISK116:[19ZAI1.19ZAI42501]DG42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dg42501_1_38"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"U.S.
Government Obligations" means nonredeemable direct obligations (or certifications representing an ownership interest in such obligations) of the United States of America for the
payment of which the full faith and credit of the United States of America is pledged. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Mandatory Redemption; Sinking Fund  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent is not required to make mandatory redemption or sinking fund payments with respect to the New Notes. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Book-Entry; Delivery and Form  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The New Notes will initially be issued only in registered, book-entry form, in denominations of $2,000 and any integral multiples of $1,000 as
described under "&#151;Book-Entry System." Parent will issue one or more global notes in denominations that together equal the total principal amount of the outstanding New Notes. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Modification and Supplemental Indentures  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent, each guarantor and the trustee may amend or supplement the indenture as it relates to the New Notes with the consent (including consents
obtained in connection with a tender offer for the New Notes or a solicitation of consents in respect of the New Notes) of the
holders of a majority in principal amount of the outstanding New Notes; provided, however, that no such amendment or supplemental indenture may, without the consent of the holder of each outstanding
New Note affected thereby:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> change the final maturity of the principal of such New Notes; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> reduce the principal amount of such New Notes; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> reduce the rate or extend the time of payment of interest on such New Notes; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> reduce any amount payable on redemption of any such New Notes or change the time at which the New Notes may be redeemed (other than with
respect to the minimum notice period required with respect to any redemption pursuant to the provisions of the indenture described under the caption "&#151;Optional Redemption"); </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> change the currency in which the principal of, premium, if any, or interest on any such New Notes is payable; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> impair the right to institute suit for the enforcement of any payment on any such New Notes when due; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> make any change in the percentage in principal amount of the New Notes the consent of the holders of which is required for any such amendment;
or </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> release a guarantee of the New Notes other than in accordance with the terms of the indenture. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without
the consent of any holder of outstanding New Notes, Parent, each guarantor and the trustee may amend or supplement the indenture and the New Notes
to:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> cure any ambiguity, omission, defect or inconsistency; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> provide for the assumption by a successor to the obligations of Parent or H&amp;P Drilling&nbsp;Co. under the indenture; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> provide for uncertificated New Notes in addition to or in place of certificated New Notes (provided that the uncertificated New Notes are
issued in registered form for purposes of Section&nbsp;163(f) of the U.S. Internal Revenue Code of 1986, as amended (the "Code")); </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>38</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=42,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=563527,FOLIO='38',FILE='DISK116:[19ZAI1.19ZAI42501]DG42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dg42501_1_39"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> provide for the issuance of, and establish the forms and terms and conditions of, other series of securities in accordance with the terms of
the indenture or to make any other change that is applicable only to securities issued under the indenture other than the New Notes; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> provide for the issuance of exchange notes or additional notes in accordance with the indenture; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> effect or maintain, or otherwise comply with the requirements of the SEC in connection with, the qualification of the indenture under the Trust
Indenture Act; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> secure the New Notes, to the extent otherwise permitted by the indenture; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> add to the covenants of Parent or H&amp;P Drilling&nbsp;Co. or events of default for the benefit of the holders or surrender any right or power
conferred upon Parent or H&amp;P Drilling&nbsp;Co.; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> conform the text of the indenture or the New Notes to the "Description of the New Notes" set forth in this prospectus; or </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> make other provisions that do not adversely affect the rights of any holder of outstanding New Notes. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
holders of a majority in principal amount of the outstanding New Notes may, on behalf of the holders of all New Notes, waive compliance with any covenant or any past default under
the indenture
with respect to the New Notes, except a default in the payment of the principal of, premium, if any, or interest on any New Note or in respect of a provision which under the indenture cannot be
amended without the consent of the holder of each outstanding New Note affected. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It
is not necessary for the consent of the holders under the indenture to approve the particular form of any proposed amendment or waiver. It is sufficient if such consent approves the
substance of the proposed amendment or waiver. A consent to any amendment or waiver under the indenture by any holder of New Notes given in connection with a tender or purchase of such holder's New
Notes will not be rendered invalid by such tender or purchase. After an amendment or waiver under the indenture requiring consent of the holders becomes effective, Parent is required to deliver to the
holders and trustee a notice briefly describing such amendment or waiver; provided, that the trustee shall deliver such notice to the holders if Parent requests that trustee deliver such notice;
provided that Parent shall deliver to trustee, at least 5&nbsp;days prior to the requested delivery date (unless trustee consents to a shorter period), an Officers' Certificate requesting that the
trustee give such notice in Parent's name and at Parent's expense and setting forth the information to be stated in such notice. However, the failure to mail such notice, or any defect in the notice,
will not impair or affect the validity of the amendment or waiver. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Events of Default  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The indenture defines an event of default with respect to the New Notes as being: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>a
default in payment of any principal of or premium, if any, on any New Notes when due, either at maturity, upon any redemption, by declaration or otherwise;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>a
default for 30&nbsp;days in payment of any interest on any New Notes;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>a
default for 60&nbsp;days after written notice from the trustee or holders of at least 25% in principal amount of the outstanding New Notes in the observance or
performance of any other covenant in the New Notes or the indenture;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>certain
events of Parent's or H&amp;P Drilling&nbsp;Co.'s or any guarantor's bankruptcy, insolvency or reorganization;
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(5)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the
failure to keep any guarantor's full and unconditional guarantee of the New Notes in full force and effect, except as provided in the indenture; or </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>39</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=43,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=494239,FOLIO='39',FILE='DISK116:[19ZAI1.19ZAI42501]DG42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dg42501_1_40"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(6)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>any
other default with respect to the New Notes provided in a supplemental indenture entered into as described above under "&#151;Modification and
Supplemental Indentures." </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
an event of default (other than one described in clause&nbsp;(4) above) occurs and is continuing, either the trustee or the holders of at least 25% in principal amount of the
outstanding New Notes may declare the principal amount of the New Notes to be due and payable immediately. If any event of default described in clause&nbsp;(4) above occurs, the principal amount of
the New Notes will be automatically due and payable immediately. However, any time after an acceleration with respect to the New Notes has occurred, but before a judgment or decree based on such
acceleration has been obtained, the holders of a majority in principal amount of outstanding New Notes may, under some circumstances, rescind and annul such acceleration. The majority-holders,
however, may not annul or waive a continuing default in payment of principal of, premium, if any, or interest on the New Notes. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
trustee is entitled to receive indemnification satisfactory to it from the holders of the New Notes before the trustee exercises any of its rights or powers under the indenture. This
indemnification is subject to the trustee's duty to act with the required standard of care during a default. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
holders of a majority in principal amount of the outstanding New Notes may direct the time, method and place of:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the conduct of any proceeding for any remedy available to the trustee with respect to the New Notes; or </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the exercise of any trust or power conferred on the trustee with respect to the New Notes. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
right of the holders of the New Notes is, however, subject to the provisions in the indenture providing for the indemnification of the trustee and other specified limitations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
general, the holders of New Notes may institute an action against Parent, H&amp;P Drilling&nbsp;Co. or any other obligor under the New Notes or the indenture only if the following
conditions are met:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the holder previously has given to the trustee written notice of default and the default continues; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the holders of at least 25% in principal amount of the New Notes then outstanding have both requested the trustee to institute such action and
offered the trustee indemnity satisfactory to it; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the trustee has not instituted this action within 60&nbsp;days of receipt of such request and offer; and </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> the trustee has not received a direction inconsistent with such written request by the holders of a majority in principal amount of the New
Notes then outstanding. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provided
further, the holder may not prejudice the rights of another holder or obtain a preference or priority over another holder (it being understood that the trustee does not have an
affirmative duty to ascertain whether or not any such use by a holder prejudices the rights of any other holders or obtains
preference or priority over such other holders). The above conditions do not apply to actions by holders of the New Notes against Parent, H&amp;P Drilling&nbsp;Co. or any other obligor under the New
Notes for payment of principal of, premium, if any, or interest on or after the due date. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
indenture contains a covenant that Parent, H&amp;P Drilling&nbsp;Co. and any other obligor under the New Notes will file annually with the trustee a certificate of no default or a
certificate specifying any default that exists. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>40</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=44,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=497216,FOLIO='40',FILE='DISK116:[19ZAI1.19ZAI42501]DG42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_di42501_1_41"> </A>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Discharge, Legal Defeasance and Covenant Defeasance  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent may discharge or defease its obligations under the indenture with respect to the New Notes as set forth below. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
terms specified in the indenture, Parent may discharge certain obligations to holders of the New Notes that have not already been delivered to the trustee for cancellation, if the
New Notes:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> have become due and payable; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> will be due and payable by their terms within one year; or </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> will be called for redemption in accordance with their terms within one year. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent
may discharge the New Notes by, among other things, irrevocably depositing an amount certified to be sufficient, without consideration of any reinvestment of interest (and in the
case of deposits of U.S. Government Obligations, in the opinion of a nationally recognized firm of independent public accountants selected by Parent and delivered to the trustee), to pay at maturity,
or upon redemption, the principal, premium, if any, and interest on the New Notes; provided that, with respect to any redemption pursuant to "&#151;Optional Redemption" that requires the
payment of a premium based on the Adjusted Treasury Rate, the redemption price deposited shall be sufficient for purposes of this provision to the extent that the redemption price so deposited with
the trustee is calculated using an amount equal to an estimate of such premium computed using the Adjusted Treasury Rate as of the third business day preceding the date of such deposit with the
trustee and Parent irrevocably agrees to provide funds sufficient to cover any shortfall in amounts due upon such redemption (it being understood that any discharge shall be subject to the condition
subsequent that such shortfall is in fact paid); provided, that the trustee shall have no liability whatsoever in the event that such shortfall is not in fact paid after any discharge of the indenture
and that any such shortfall shall be set forth in an Officers' Certificate delivered to the trustee simultaneously with the deposit of such shortfall that confirms that such shortfall will be applied
toward such redemption. Parent may make the deposit in cash or U.S. Government Obligations. Upon a satisfaction and discharge of the indenture, any guarantee of the New Notes will terminate. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent
may terminate all its obligations under the New Notes and the indenture at any time, except for certain obligations, including those respecting the defeasance trust and
obligations to register the transfer or exchange of the New Notes, to replace mutilated, destroyed, lost or stolen New Notes and to maintain a registrar and paying agent in respect of the New Notes.
This is referred to as "legal defeasance." If Parent exercises its legal defeasance option, any guarantee of the New Notes in effect at such time will terminate. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
terms specified in the indenture, Parent and its Subsidiaries may be released with respect to any outstanding New Notes from the obligations imposed by the sections of the
indenture that contain the covenants described above limiting liens, sale and lease-back transactions and consolidations, mergers and conveyances of assets or such other restrictive covenant. In that
case, Parent and its Subsidiaries would no longer be required to comply with these sections of the indenture. This is typically referred to as "covenant defeasance." If Parent exercises its covenant
defeasance option, any guarantees of the
New Notes in effect at such time will terminate. Parent may exercise its legal defeasance option notwithstanding Parent's prior exercise of its covenant defeasance option. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal
defeasance or covenant defeasance may be effected by Parent only if, among other things:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> Parent irrevocably deposits with the trustee cash and/or U.S. Government Obligations as trust funds in an amount (solely in the case of amounts
including U.S. Government Obligations certified by a nationally recognized firm of certified public accountants, appraiser or investment banking firm to be selected by Parent and delivered to the
trustee) sufficient, without consideration of any reinvestment of interest, to pay at maturity or upon redemption the </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>41</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=45,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=1007792,FOLIO='41',FILE='DISK116:[19ZAI1.19ZAI42501]DI42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_di42501_1_42"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<UL>
<UL>

<P style="font-family:times;"><FONT SIZE=2>principal
of, premium, if any, and interest on all outstanding New Notes; provided that, with respect to any redemption pursuant to "&#151;Optional Redemption" that requires the payment of a
premium based on the Adjusted Treasury Rate, the redemption price deposited shall be sufficient for purposes of this provision to the extent that the redemption price so deposited with the trustee is
calculated using an amount equal to an estimate of such premium computed using the Adjusted Treasury Rate as of the third business day preceding the date of such deposit with the trustee and Parent
irrevocably agrees to provide funds sufficient to cover any shortfall in amounts due upon such redemption (it being understood that any defeasance shall be subject to the condition subsequent that
such shortfall is in fact paid); provided, that the trustee shall have no liability whatsoever in the event that such shortfall is not in fact paid after any defeasance of the indenture and that any
such shortfall shall be set forth in an Officers' Certificate delivered to the trustee simultaneously with the deposit of such shortfall that confirms that such shortfall will be applied toward such
redemption; </FONT></P>

</UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> Parent delivers to the trustee an opinion of counsel to the effect that the holders of the New Notes will not recognize income, gain or loss
for United States federal income tax purposes as a result of Parent's legal defeasance or covenant defeasance. This opinion must further state that these holders will be subject to United States
federal income tax on the same amounts, in the same manner and at the same times as would have been the case if Parent's legal defeasance or covenant defeasance had not occurred. In the case of a
legal defeasance, this opinion must be based on a ruling of the Internal Revenue Service or a change in United States federal income tax law occurring after the date of the indenture; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> no default or event of default under the indenture shall have occurred and be continuing (other than a default or event of default from the
borrowing of funds to be applied to such deposit (and similar concurrent deposits relating to other Debt) and the granting of liens in connection therewith); </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> such deposit and legal defeasance or covenant defeasance will not result in a breach or violation of, or constitute a default under, any other
agreement or instrument to which Parent or any Guarantor is a party or by which it is bound (other than agreements or instruments governing any other Debt being defeased, discharged or replaced); and </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> Parent has delivered to the trustee an Officers' Certificate and an opinion of counsel each stating that all conditions precedent to
satisfaction and discharge of the indenture have been complied with. </FONT></DD></DL>
</UL>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Concerning the Trustee  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trustee is one of a number of banks with which Parent and its subsidiaries maintain ordinary banking relationships. </FONT></P>


<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Governing Law  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The indenture, the New Notes and the guarantees will be governed by, and construed in accordance with, the laws of the State of New York. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Book-Entry System  </B></FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


General  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The New Notes will be issued initially only in the form of one or more global notes (collectively, the "global notes"). Global notes will be
deposited upon issuance with the trustee as custodian for DTC and registered in the name of DTC or its nominee, in each case, for credit to an account of a direct or indirect participant of DTC as
described below. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>42</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=46,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=706494,FOLIO='42',FILE='DISK116:[19ZAI1.19ZAI42501]DI42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_di42501_1_43"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
global notes may be transferred, in whole and not in part, only to another nominee of DTC or to a successor of DTC or its nominee. Beneficial interests in the global notes may not be
exchanged for New Notes in certificated form except in the limited circumstances described below. See "&#151;Exchange of Book-Entry Notes for Certificated Notes." </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers
of beneficial interests in the global notes are subject to the applicable rules and procedures of DTC and its direct or indirect participants (including, if applicable, those
of Euroclear and Clearstream), which may change from time to time. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
New Notes may be presented for registration of transfer and exchange at the offices of the registrar. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>



<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Depository Procedures  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following description of the operations and procedures of DTC, Euroclear and Clearstream are provided solely as a matter of convenience.
These operations and procedures are solely within the control of the respective settlement systems and are subject to changes by them. Parent takes no responsibility for these operations and
procedures and urges investors to contact the system or their participants directly to discuss these matters. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTC
has advised Parent that it is a limited-purpose trust company created to hold securities for its participating organizations (collectively, the "Participants") and to facilitate the
clearance and settlement of transactions in those securities between Participants through electronic book-entry changes in accounts of its Participants. The Participants include securities brokers and
dealers, banks, trust companies, clearing corporations and certain other organizations. Access to DTC's system is also available to other entities such as banks, brokers, dealers and trust companies
that clear through or maintain a custodial relationship with a Participant, either directly or indirectly (collectively, the "Indirect Participants"). Persons who are not Participants may beneficially
own securities held by or on behalf of DTC only through the Participants or the Indirect Participants. The ownership interests in, and transfers of ownership interests in, each security held by or on
behalf of DTC are recorded on the records of the Participants and Indirect Participants. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTC
has also advised Parent that, pursuant to procedures established by it: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>upon
deposit of the global notes, DTC will credit the accounts of Participants designated by the exchange agent with portions of the principal amount of the global
notes; and
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>ownership
of these interests in the global notes will be shown on, and the transfer of ownership of these interests will be effected only through, records maintained
by DTC (with respect to the Participants) or by the Participants and the Indirect Participants (with respect to other owners of beneficial interests in the global notes). </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investors
in the global notes who are Participants in DTC's system may hold their interests therein directly through DTC. Investors in the global notes who are not Participants may hold
their interests therein indirectly through organizations (including Euroclear and Clearstream) which are Participants in such system. Euroclear and Clearstream may hold interests in the global notes
on behalf of their participants through customers' securities accounts in their respective names on the books of their respective depositories, which are Euroclear Bank&nbsp;S.A./N.V., as operator
of Euroclear, and Citibank, N.A., as operator of Clearstream. All interests in a global note, including those held through Euroclear or Clearstream, may be subject to the procedures and requirements
of DTC. Those interests held through Euroclear or Clearstream may also be subject to the procedures and requirements of such systems. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
laws of some jurisdictions may require that certain persons take physical delivery in definitive form of securities that they own. Consequently, the ability to transfer beneficial
interests in a global </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>43</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=47,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=357404,FOLIO='43',FILE='DISK116:[19ZAI1.19ZAI42501]DI42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_di42501_1_44"> </A>


<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>note
to such Persons will be limited to that extent. Because DTC can act only on behalf of Participants, which in turn act on behalf of Indirect Participants, the ability of a Person having beneficial
interests in a global note to pledge such interests to Persons that do not participate in DTC's system, or otherwise take actions in respect of such interests, may be affected by the lack of a
physical certificate evidencing such interests. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Except as described below, owners of an interest in the global notes will not have New Notes registered in their names, will not receive physical delivery of New
Notes in certificated form and will not be considered the registered owners or "holders" thereof under the indenture for any purpose.</B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments
in respect of the principal of, and interest and premium, if any, on, a global note registered in the name of the nominee of DTC will be payable to the nominee in its capacity
as the registered holder under the indenture. Under the terms of the indenture, Parent, H&amp;P Drilling&nbsp;Co. and the trustee will treat the persons in whose names the New Notes, including the
global notes, are registered as the owners thereof for the purpose of receiving such payments and for all other purposes. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consequently,
neither Parent, H&amp;P Drilling&nbsp;Co., the trustee, nor any agent of Parent, H&amp;P Drilling&nbsp;Co. or the trustee has or will have any responsibility or liability
for: </FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>any
aspect of DTC's records or any Participant's or Indirect Participant's records relating to or payments made on account of beneficial ownership interest in the
global notes or for maintaining, supervising or reviewing any of DTC's records or any Participant's or Indirect Participant's records relating to the beneficial ownership interests in the global
notes; or
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>any
other matter relating to the actions and practices of DTC or any of its Participants or Indirect Participants. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTC
has advised Parent that its current practice, upon receipt of any payment in respect of securities such as the New Notes (including principal and interest), is to credit the accounts
of the relevant Participants with the payment on the payment date unless DTC has reason to believe that it will not receive payment on such payment date. Each relevant Participant is credited with an
amount proportionate to its beneficial ownership of an interest in the principal amount of the relevant security as shown on the records of DTC. Payments by the Participants and the Indirect
Participants to the beneficial owners of the New Notes will be governed by standing instructions and customary practices and will be the responsibility of the Participants or the Indirect Participants
and will not be the responsibility of DTC, the trustee, Parent or H&amp;P Drilling&nbsp;Co. None of Parent, H&amp;P Drilling&nbsp;Co. or the trustee will be liable for any delay by DTC or any of the
Participants or the Indirect Participants in identifying the beneficial owners of the New Notes, and Parent, H&amp;P Drilling&nbsp;Co. and the trustee may conclusively rely on and will be protected in
conclusively relying on instructions from DTC or its nominee for all purposes. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfers
between Participants in DTC will be effected in accordance with DTC's procedures, and will be settled in same-day funds, and such transfers between participants in Euroclear
and Clearstream will be effected in accordance with their respective rules and operating procedures. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cross-market
transfers of New Notes between the Participants in DTC, on the one hand, and Euroclear or Clearstream participants, on the other hand, will be effected through DTC in
accordance with DTC's rules on behalf of Euroclear or Clearstream, as the case may be, by its respective depository; however, such cross-market transactions will require delivery of instructions to
Euroclear or Clearstream, as the case may be, by the counterparty in such system in accordance with the rules and procedures and within the established deadlines (Brussels time) of such system.
Euroclear or Clearstream, as the case may be, will, if the transaction meets its settlement requirements, deliver instructions to its depository to take action to effect final settlement on its behalf
by delivering or receiving interests in the relevant global note, and making or receiving payment in accordance with normal procedures for same-day funds settlement applicable to DTC. Euroclear
participants and </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>44</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=48,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=950264,FOLIO='44',FILE='DISK116:[19ZAI1.19ZAI42501]DI42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_di42501_1_45"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>Clearstream
participants may not deliver instructions directly to the depositories for Euroclear or Clearstream. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTC
has advised Parent that it will take any action permitted to be taken by a holder of the New Notes only at the direction of one or more Participants to whose account DTC has credited
the interests in the global notes and only in respect of such portion of the aggregate principal amount of the New Notes as to which such Participant or Participants has or have given such direction.
However, if there is an event of default under the indenture, DTC reserves the right to exchange the global notes for New Notes in certificated form and to distribute such New Notes to its
Participants. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although
DTC, Euroclear and Clearstream have agreed to the preceding procedures to facilitate transfers of interests in the global notes among participants in DTC, Euroclear and
Clearstream, they are under no obligation to perform or to continue to perform such procedures, and may discontinue such procedures at any time. None of Parent, H&amp;P Drilling&nbsp;Co., the trustee or
any of their respective agents will have any responsibility for the performance by DTC, Euroclear or Clearstream or their respective participants or indirect participants of their respective
obligations under the rules and procedures governing their operations. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Exchange of Book-Entry Notes for Certificated Notes  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A global note is exchangeable for definitive New Notes in certificated form if (1)&nbsp;DTC (A)&nbsp;notifies Parent that it is unwilling or
unable to continue as depository for the global note or (B)&nbsp;has ceased to be a clearing agency registered under the Exchange Act, and, in either case, Parent fails to appoint a successor
depository within 90&nbsp;days, or (2)&nbsp;there has occurred and is continuing an event of default under the indenture and DTC notifies the trustee of its decision to exchange global notes for
New Notes in certificated form. In addition, beneficial interests in a global note may be exchanged for certificated New Notes upon request but only upon at least 20&nbsp;days' prior written notice
given to the trustee by or on behalf of DTC in accordance with customary procedures. In all cases, certificated New Notes delivered in exchange for any global note or beneficial interest therein will
be registered in names, and issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof, requested by or on behalf of DTC (in accordance with its customary
procedures). </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None
of Parent, H&amp;P Drilling&nbsp;Co. or the trustee will be liable for any delay by a global note holder or DTC in identifying the beneficial owners of the New Notes and Parent, H&amp;P
Drilling&nbsp;Co. and the trustee may conclusively rely on, and will be protected in relying on, instructions from the global note holder or DTC for all purposes. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B><I>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Same Day Settlement and Payment  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments in respect of the New Notes represented by a global note (including principal, premium, if any, and interest) will be made by wire
transfer of immediately available funds to the accounts specified by the global note holder. With respect to certificated New Notes, Parent will make all payments of principal, premium, if any, and
interest in the manner described above under "&#151;Payments on the New Notes; Paying Agent and Registrar." We expect that secondary trading in the certificated New Notes will also be settled
in immediately available funds. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because
of time zone differences, the securities account of a Euroclear or Clearstream participant purchasing an interest in a global note from a Participant in DTC will be credited, and
any such crediting will be reported to the relevant Euroclear or Clearstream participant, during the securities settlement processing day (which must be a business day for Euroclear and Clearstream)
immediately following the settlement date of DTC. DTC has advised Parent that cash received in Euroclear or Clearstream as a result of sales of interests in a global note by or through a Euroclear or
Clearstream participant to a Participant in DTC will be received with value on the settlement date of DTC but will be available in the relevant Euroclear or Clearstream cash account only as of the
business day for Euroclear or Clearstream following DTC's settlement date. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>45</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=49,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=347973,FOLIO='45',FILE='DISK116:[19ZAI1.19ZAI42501]DI42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_di42501_1_46"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="di42501_u.s._federal_income_tax_considerations"> </A>
<A NAME="toc_di42501_1"> </A>
<BR></FONT><FONT SIZE=2><B>  U.S. FEDERAL INCOME TAX CONSIDERATIONS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following discussion summarizes the material U.S. federal income tax considerations relevant to the receipt of a New Note in exchange for an
Old Note pursuant to the exchange offer. The discussion is based upon the Code, Treasury Regulations, Internal Revenue Service rulings and pronouncements and judicial decisions now in effect, all of
which may be subject to change at any time by legislative, judicial or administrative action, possibly on a retroactive basis, so as to result in U.S. federal income tax consequences different from
those discussed below. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
receipt of a New Note in exchange for an Old Note pursuant to the exchange offer will not constitute a "significant modification" of the Old Note for U.S. federal income tax
purposes, and, accordingly, the New Note received will be treated as a continuation of the Old Note in the hands of an exchanging holder. As a result, a holder will not recognize any taxable gain or
loss as a result of receiving a New Note in exchange for an Old Note pursuant to the exchange offer, and any such holder will have the same adjusted tax basis and holding period in the New Note as it
had in the Old Note immediately before the exchange. A holder who does not exchange its Old Note for a New Note pursuant to the exchange offer will not recognize any gain or loss for U.S. federal
income tax purposes upon consummation of the exchange offer. The U.S. federal income tax consequences of holding and disposing of a New Note will be the same as the U.S. federal income tax
consequences of holding and disposing of an Old Note. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>46</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=50,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=747727,FOLIO='46',FILE='DISK116:[19ZAI1.19ZAI42501]DI42501A.;5',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_dk42501_1_47"> </A>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->





<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->




<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT></P>

<!-- TOC_END -->

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dk42501_certain_erisa_considerations"> </A>
<A NAME="toc_dk42501_1"> </A>
<BR></FONT><FONT SIZE=2><B>  CERTAIN ERISA CONSIDERATIONS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>The following is a summary of certain considerations associated with the acquisition and holding of the New Notes
(including the exchange of Old Notes for New Notes) by employee benefit plans that are subject to Title I of the Employment Retirement Income Security Act of 1974, as amended ("ERISA"), plans,
accounts and other arrangements that are subject to Section&nbsp;4975 of the Code or provisions of any federal, state, local, non-U.S. or other laws, rules or regulations that are similar to such
provisions of ERISA and the Code (such laws, collectively, "Similar Laws"), and entities whose underlying assets are considered to include "plan assets" (as defined in Section&nbsp;3(42) of ERISA or
any applicable Similar Laws ("Plan Assets")) of any such plan, account or arrangement (each, a "Plan"). This summary is general in nature and does not address every issue pertaining to ERISA, the Code
or Similar Laws that may be applicable to us, the New Notes or a particular investor. Accordingly, each prospective investor should consult with his, her or its own counsel in order to understand the
issues relating to ERISA, the Code and Similar Laws that affect or may affect the investor with respect to this investment.</I></FONT></P>


<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


General Fiduciary Matters  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ERISA and the Code impose certain requirements on employee benefit plans that are subject to Title I of ERISA and plans subject to
Section&nbsp;4975 of the Code (each such employee benefit plan or plan, an "ERISA Plan"), on entities whose underlying assets include Plan Assets by reason of an ERISA Plan's investment in such
entities and on those persons who are "fiduciaries" as defined in Section&nbsp;3(21) of ERISA and Section&nbsp;4975 of the Code with respect to ERISA Plans. Under ERISA and the Code, any person
who exercises any discretionary authority or control over the administration of such an ERISA Plan or the management or disposition of the assets of such an ERISA Plan, or who renders investment
advice for a fee or other compensation to such an ERISA Plan, is generally considered to be a fiduciary of the ERISA Plan. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
considering an investment of the assets of a Plan in the New Notes, a fiduciary must, among other things, discharge its duties solely in the interest of the participants of such Plan
and their beneficiaries for the exclusive purpose of providing benefits to such participants and beneficiaries, and defraying reasonable expenses of administering the Plan. A fiduciary must act
prudently and must diversify the investments of a Plan so as to minimize the risk of large losses, as well as discharge its duties in accordance with the documents and instruments governing such Plan
and the applicable provisions of ERISA, the Code or any Similar Laws. In addition, ERISA generally requires fiduciaries to hold all assets of an ERISA Plan in trust and to maintain the indicia of
ownership of such assets within the jurisdiction of the district courts of the United States. A fiduciary of a Plan should consider whether an investment in the New Notes satisfies these requirements. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Prohibited Transaction Issues  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;406(a) of ERISA and Sections&nbsp;4975(c)(1)(A), (B), (C)&nbsp;and (D)&nbsp;of the Code prohibit certain transactions that
involve an ERISA Plan and a "party in interest" as defined in Section&nbsp;3(14) of ERISA or a "disqualified person" as defined in Section&nbsp;4975(e)(2) of the Code with respect to such ERISA
Plan. Examples of such prohibited transactions include, but are not limited to, sales or exchanges of property or extensions of credit between an ERISA Plan and a party in interest or disqualified
person. Section&nbsp;406(b) of ERISA and Sections&nbsp;4975(c)(1)(E) and (F)&nbsp;of the Code generally prohibit a fiduciary with respect to an ERISA Plan from dealing with the assets of the
ERISA Plan for its own benefit (for example when a fiduciary of a ERISA Plan uses its position to cause the ERISA Plan to make investments in connection with which the fiduciary (or a party related to
the fiduciary) receives a fee or other consideration). </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
party in interest or disqualified person who engaged in a nonexempt prohibited transaction may be subject to excise taxes and other penalties and liabilities under ERISA and the Code
and such </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>47</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=51,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=711128,FOLIO='47',FILE='DISK116:[19ZAI1.19ZAI42501]DK42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dk42501_1_48"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>transaction
may have to be rescinded. In addition, the fiduciary of the ERISA Plan that engaged in such a nonexempt prohibited transaction may be subject to penalties and liabilities under ERISA and
the Code. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
acquisition and/or holding of New Notes by an ERISA Plan (including the exchange of Old Notes for New Notes) with respect to which we are considered a party in interest or a
disqualified person may constitute or result in a direct or indirect prohibited transaction under Section&nbsp;406 of ERISA and/or Section&nbsp;4975 of the Code, unless the investment is acquired
and is held in accordance with an applicable statutory, class or individual prohibited transaction exemption. Accordingly, an investor who is considering acquiring the New Notes with the assets of an
ERISA Plan must consider whether the acquisition and holding of the New Notes will constitute or result in a nonexempt prohibited transaction. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
indicated above, ERISA and the Code contain certain exemptions from the prohibited transactions described above, and the Department of Labor has issued several exemptions, in each
case that may apply to the acquisition and holding of the New Notes by an ERISA Plan (although certain exemptions do not provide relief from the prohibitions on self-dealing contained in
Section&nbsp;406(b) of ERISA and Sections&nbsp;4975(c)(1)(E) and (F)&nbsp;of the Code). Exemptions include Section&nbsp;408(b)(17) of ERISA and Section&nbsp;4975(d)(20) of the Code
pertaining to certain transactions with non-fiduciary service providers; Department of Labor Prohibited Transaction Class Exemption ("PTCE") 95-60, applicable to transactions involving insurance
company general accounts; PTCE 90-1, regarding investments by insurance company pooled separate accounts; PTCE 91-38, regarding investments by bank collective investment funds; PTCE 84-14, regarding
investments effected by a qualified professional asset manager; and PTCE 96-23, regarding investments effected by an in-house asset manager. There can be no assurance that all of the conditions of any
such exemptions will be satisfied or that any of these exemptions will be available with respect to the acquisition and holding of the New Notes. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Similar Laws  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a general rule, a governmental plan, as defined in Section&nbsp;3(32) of ERISA (each, a "Governmental Plan"), a church plan, as defined in
Section&nbsp;3(33) of ERISA, that has not made an election under Section&nbsp;410(d) of the Code (each, a "Church Plan") and a plan maintained outside the United States primarily for the benefit
of persons substantially all of whom are nonresident aliens (each, a "non-U.S. Plan") are not subject to Title I of ERISA or Section&nbsp;4975 of the Code. Accordingly, assets of such plans may be
invested without regard to the fiduciary and prohibited transaction
considerations described above to the extent such considerations relate to ERISA Plans, ERISA or Section&nbsp;4975 of the Code. Although a Governmental Plan, a Church Plan or a non-U.S. Plan is not
subject to Title I of ERISA or Section&nbsp;4975 of the Code, it may be subject to other federal, state or local laws or non-U.S. laws that regulate its investments (i.e.,&nbsp;"Similar Laws" as
defined above). A fiduciary of a Governmental Plan, a Church Plan or a non-U.S. Plan should consider whether investing in the New Notes satisfies the requirements, if any, under any applicable Similar
Law. </FONT></P>

<P style="font-family:times;;margin-left:10.0pt;text-indent:-10.0pt;"><FONT SIZE=2><B>


<!-- COMMAND=STYLE_ADDED,"margin-left:10.0pt;text-indent:-10.0pt;" -->


Representation  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The New Notes may be acquired by a Plan, a Governmental Plan, a Church Plan, a non-U.S. Plan (each, a "Covered Plan") or an entity whose
underlying assets include the assets of a Plan, a Governmental Plan, a Church Plan or a non-U.S. Plan (a "Covered Plan Investor"), but only if the acquisition will not result in a non-exempt
prohibited transaction under ERISA or Section&nbsp;4975 of the Code or a violation of Similar Law. Therefore, any purchaser or subsequent transferee of a New Note or any interest therein will be
deemed to have represented and warranted that (a)&nbsp;either: (i)&nbsp;no portion of the assets used by the acquirer or subsequent transferee to acquire or hold the New Notes (including </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>48</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=52,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=81922,FOLIO='48',FILE='DISK116:[19ZAI1.19ZAI42501]DK42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dk42501_1_49"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>in
connection with the exchange of Old Notes for New Notes) constitutes the assets of any (A)&nbsp;employee benefit plan that is subject to Title I of ERISA; (B)&nbsp;plan, individual retirement
account or other arrangement that is subject to Section&nbsp;4975 of the Code, or provisions under any applicable Similar Law; or (C)&nbsp;entity whose underlying assets are considered to include
Plan Assets of any such plan, account or arrangement or (ii)&nbsp;the acquisition and holding of the New Notes (including in connection with the exchange of Old Notes for New Notes) by such acquirer
or transferee will not constitute a nonexempt prohibited transaction under Section&nbsp;406 of ERISA or Section&nbsp;4975 of the Code or a similar violation under any applicable Similar Laws and
(b)&nbsp;such purchaser or transferee will not transfer the New Notes (including in connection with the exchange of Old Notes for New Notes) to any person or entity unless such person or entity
could truthfully make the foregoing representations and covenants. Each purchaser and subsequent transferee of the New Notes (including in connection with the exchange of Old Notes for New Notes) that
is a Covered Plan or Covered Plan Investor also will be deemed to have represented and warranted that neither we nor Parent nor any of our affiliates is a sponsor of or a "fiduciary" (within the
meaning of ERISA or any Similar Laws) with respect to the Covered Plan or Covered Plan Investor and no advice provided by us or any of our affiliates formed a primary basis for making any investment
or other decision for or on behalf of the Covered Plan or Covered Plan Investor in connection with the New Notes (including in connection with the exchange of Old Notes for New Notes) or the exercise
of any rights with respect to the New Notes (including in connection with the exchange of Old Notes for New Notes). Any purported transfer of the New Notes to a transferee that does not comply with
the foregoing requirements shall be null and void ab initio. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing discussion is general in nature and is not intended to be all inclusive. Due to the complexity of these rules and the penalties that may be imposed upon persons involved in
nonexempt prohibited transactions, it is particularly important that fiduciaries or other persons considering acquiring New Notes on behalf of, or with the assets of, any Plan, consult with their
counsel regarding the potential applicability of ERISA, Section&nbsp;4975 of the Code and any Similar Laws to such transactions and whether an exemption would be applicable to the acquisition and
holding of the Notes. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>49</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=53,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=234888,FOLIO='49',FILE='DISK116:[19ZAI1.19ZAI42501]DK42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dk42501_1_50"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dk42501_plan_of_distribution"> </A>
<A NAME="toc_dk42501_2"> </A>
<BR></FONT><FONT SIZE=2><B>  PLAN OF DISTRIBUTION    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each broker-dealer that receives New Notes for its own account pursuant to this exchange offer must acknowledge that it will deliver a
prospectus in connection with any resale of such New Notes. This prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of New
Notes received in exchange for Old Notes where such Old Notes were acquired as a result of market-making activities or other trading activities. We have agreed that, starting on the effective date of
the registration statement of which this prospectus is a part and ending on the close of business 180&nbsp;days after such date or such shorter period as will terminate when all New Notes held by
broker-dealers electing to exchange for New Notes any Old Notes that they acquired for their own account as a result of market-making activities or other trading activities or held by dealer managers
have been sold pursuant hereto (or for such shorter period during which broker-dealers are required by law to deliver such prospectus), we will make this prospectus, as amended or supplemented,
available to any broker-dealer for use in connection with any such resale. In addition, until May&nbsp;16, 2019, all dealers effecting transactions in the New Notes may be required to deliver a
prospectus. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will not receive any proceeds from any sale of New Notes by broker-dealers. New Notes received by broker-dealers for their own account pursuant to the exchange offer may be sold from
time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the New Notes or a combination of such methods of resale, at
market prices prevailing at the time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or
dealers who may receive compensation in the form of commissions or concessions from any such broker-dealer and/or the purchasers of any such New Notes. Any broker-dealer that resells New Notes that
were received by it for its own account pursuant to the exchange offer and any broker-dealer that participates in a distribution of such New Notes may be deemed to be an "underwriter" within the
meaning of the Securities Act and any profit of any such resale of New Notes and any commissions or concessions
received by any such persons may be deemed to be underwriting compensation under the Securities Act. The letter of transmittal states that by acknowledging that it will deliver and by delivering a
prospectus, a broker-dealer will not be deemed to admit that it is an "underwriter" within the meaning of the Securities Act. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furthermore,
any broker-dealer that acquired any of the Old Notes directly from us:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> may not rely on the applicable interpretation of the staff of the SEC's position contained in the Exxon Capital Letters; and </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> must also be named as a selling noteholder in connection with the registration and prospectus delivery requirements of the Securities Act
relating to any resale transaction. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
a period of 180&nbsp;days after the effective date of the registration statement of which this prospectus is a part or such shorter period as will terminate when all New Notes held
by broker-dealers electing to exchange for New Notes any Old Notes that they acquired for their own account as a result of market-making activities or other trading activities or held by the dealer
managers have been sold pursuant hereto (or for such shorter period during which broker-dealers are required by law to deliver such prospectus), we will promptly send additional copies of this
prospectus and any amendment or supplement to this prospectus to any broker-dealer that requests such documents in the letter of transmittal. We have agreed to pay all expenses incident to the
exchange offer (including the expenses of one counsel for the holder of the Old Notes) other than commissions or concessions of any brokers or dealers and will indemnify the holders of the Old Notes
(including any broker-dealers) against certain liabilities, including liabilities under the Securities Act. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>50</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=54,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=517864,FOLIO='50',FILE='DISK116:[19ZAI1.19ZAI42501]DK42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dk42501_1_51"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dk42501_legal_matters"> </A>
<A NAME="toc_dk42501_3"> </A>
<BR></FONT><FONT SIZE=2><B>  LEGAL MATTERS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baker Botts&nbsp;L.L.P. will pass upon certain legal matters for us in connection with the issuance of the New Notes. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dk42501_independent_registered_public_accounting_firm"> </A>
<A NAME="toc_dk42501_4"> </A>
<BR></FONT><FONT SIZE=2><B>  INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements of Helmerich&nbsp;&amp; Payne,&nbsp;Inc. appearing in Helmerich&nbsp;&amp; Payne,&nbsp;Inc.'s Annual
Report (Form&nbsp;10-K) for the year ended September&nbsp;30, 2018, and the effectiveness of Helmerich&nbsp;&amp;&nbsp;Payne,&nbsp;Inc.'s internal control over financial reporting as of
September&nbsp;30, 2018, have been audited by Ernst&nbsp;&amp; Young&nbsp;LLP, independent registered public accounting firm, as set forth in their reports thereon, included therein, and
incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such reports given on the authority of such firm as experts in accounting
and auditing. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dk42501_where_you_can_find_more_information"> </A>
<A NAME="toc_dk42501_5"> </A>
<BR></FONT><FONT SIZE=2><B>  WHERE YOU CAN FIND MORE INFORMATION    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent files annual, quarterly and current reports, proxy statements and other information with the SEC. The SEC maintains a Web site that
contains information Parent files electronically with the SEC, which you can access over the Internet at http://www.sec.gov. You can also obtain information about us at the offices of the NYSE, 20
Broad Street, New York, New York 10005. You may find additional information about us on our website at http://www.hpinc.com. The information contained on, or that can be accessed through, our website
(other than the specified SEC filings incorporated by reference in this prospectus) is not incorporated by reference in this prospectus. You should not consider such information contained on our
website or that can be accessed through our website to be part of this prospectus. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
prospectus is part of a registration statement we have filed with the SEC and, as permitted by SEC rules, does not contain all of the information we have included in the
registration statement and the accompanying exhibits and schedules we file with the SEC. You may refer to the registration statement, the exhibits and the schedules for more information about us and
our securities. The registration statement, exhibits and schedules are available through the SEC's Web site. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are incorporating by reference information Parent files with the SEC, which means that we are disclosing important information to you by referring you to those documents. The
information we incorporate by reference is an important part of this prospectus, and later information that Parent files with the SEC automatically will update and supersede this information. Any
statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus. Unless this prospectus or the information incorporated by
reference herein indicates that another date applies, you should not assume that the information in this prospectus is current as of any date other than the date of this prospectus or that any
information we have incorporated by reference herein is accurate as of any date other than the date of the document incorporated by reference. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
incorporate by reference the documents listed below and any future filings Parent makes with the SEC under Section&nbsp;13(a), 13(c), 14 or 15(d) of the Exchange Act after the date
of this prospectus and until the exchange offer described in this prospectus is completed or is otherwise terminated, in each case excluding any information "furnished" but not "filed," unless we
specifically provide that such "furnished" information is to be incorporated by reference:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> Parent's Annual Report on Form&nbsp;10-K for the fiscal year ended September&nbsp;30, 2018, filed with the SEC on November&nbsp;16, 2018
(the "Form&nbsp;10-K"); </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> Parent's Quarterly Report on Form&nbsp;10-Q for the quarterly period ended December&nbsp;31, 2018, filed with the SEC on January&nbsp;30,
2019; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>51</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=55,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=560907,FOLIO='51',FILE='DISK116:[19ZAI1.19ZAI42501]DK42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<A NAME="page_dk42501_1_52"> </A>

<P style="font-family:times;"><FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> Parent's Current Reports on Form&nbsp;8-K, filed with the SEC on November&nbsp;19, 2018, November&nbsp;27, 2018, December&nbsp;17,
2018, December&nbsp;18, 2018 and December&nbsp;20, 2018; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2> Parent's Definitive Proxy Statement on Schedule&nbsp;14A for its 2019 Annual Meeting of Stockholders, filed with the SEC on
January&nbsp;22, 2019, to the extent incorporated by reference into the Form&nbsp;10-K. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You
may request a copy of Parent's filings, other than exhibits to these filings unless we have specifically incorporated those exhibits by reference into this prospectus, at no cost, by
writing us at the following address or telephoning us at the following telephone number: </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>Investor
Relations<BR>
Helmerich&nbsp;&amp; Payne,&nbsp;Inc.<BR>
1437 South Boulder Avenue, Suite&nbsp;1400<BR>
Tulsa, Oklahoma 74119<BR>
(918)&nbsp;588-5190 </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>52</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=56,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=834295,FOLIO='52',FILE='DISK116:[19ZAI1.19ZAI42501]DK42501A.;6',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2>

<!-- COMMAND=ADD_BASECOLOR,"#000000" -->




<!-- COMMAND=ADD_DEFAULTFONT,"font-family:times;" -->




<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




<!-- COMMAND=ADD_STABLERULES,"border-bottom:solid #000000 1.0pt;" -->




<!-- COMMAND=ADD_DTABLERULES,"border-bottom:double #000000 2.25pt;" -->





<!-- COMMAND=ADD_SCRTABLERULES,"border-bottom:solid #000000 1.0pt;margin-bottom:0pt;" -->




<!-- COMMAND=ADD_DCRTABLERULES,"border-bottom:double #000000 2.25pt;margin-bottom:0pt;" -->


</FONT> <FONT SIZE=2><A HREF="#bg42501a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><div
style="width:100%;border-top:solid #000000 3.0pt;padding:0in 0in 0in 0in;font-size:3.0pt;"></div>
<div style="width:100%;border-top:solid #000000 1.0pt;padding:0in 0in 0in 0in;font-size:4.0pt;"></div> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>Until May&nbsp;16, 2019, all dealers that effect transactions in the New Notes, whether or not participating in this offering, may be
required to deliver a prospectus. This is in addition to the dealers' obligation to deliver a prospectus when acting as underwriters with respect to their unsold allotments or
subscriptions.</B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B>$487,148,000  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B>
<IMG SRC="g1045672.jpg" ALT="LOGO" WIDTH="144" HEIGHT="99">
  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><I>


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" >


 </I></FONT><FONT SIZE=4><B>

<!-- COMMAND=ADDING_LINEBREAK -->

<BR>  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=5><B>Helmerich&nbsp;&amp; Payne,&nbsp;Inc.  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=5><I>

<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="CENTER" >


  </I></FONT><FONT SIZE=5><B>

<!-- COMMAND=ADDING_LINEBREAK -->

<BR>  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=3><B>OFFER TO ISSUE<BR>
$487,148,000 aggregate principal amount of 4.65% Senior Notes due 2025<BR>
THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF&nbsp;1933,<BR>
AS AMENDED,<BR>
IN EXCHANGE FOR<BR>
ALL OUTSTANDING AND UNREGISTERED<BR>
$487,148,000 aggregate principal amount of 4.65% Senior Notes due 2025  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B>Guaranteed by Helmerich&nbsp;&amp; Payne International Drilling&nbsp;Co.  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=3><B>PROSPECTUS  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>February&nbsp;15, 2019  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> <div style="width:100%;border-top:solid #000000 1.0pt;padding:0in 0in 0in 0in;font-size:3.0pt;"></div>
<div style="width:100%;border-top:solid #000000 3.0pt;padding:0in 0in 0in 0in;font-size:4.0pt;"></div>  </B></FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=57,EFW="2237702",CP="HELMERICH & PAYNE, INC.",DN="1",CHK=161901,FOLIO='blank',FILE='DISK116:[19ZAI1.19ZAI42501]HO42501A.;13',USER='CHE108069',CD='11-FEB-2019;20:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g1045672.jpg
<DESCRIPTION>G1045672.JPG
<TEXT>
begin 644 g1045672.jpg
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M&;:6)I$XD(BTL$@8I3O#&*AWQVC609'Y[UMH*>GDT$FJKXM<^>.R'*'#".,
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M1E9;'^1[/9K&G;;>VJ#=**E*8K"-#LW#A@_!XN9\<"J($(F9-/\ E1,)>K7
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MFA9#IHLUD>49HX43JA C.<-J])B-<]SN*OT@B9=7R[.)>Q;6)6>3.D1A3HY
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M57"S@@-U2.>:141YD#OG7I5^%..1Q$=PT?:IG%&R_!,[!4TBB4Y8)7)=EJ$
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7?JT:-,\K\^3_ (F_^(7"T?Y#?NX__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g477944.jpg
<DESCRIPTION>G477944.JPG
<TEXT>
begin 644 g477944.jpg
M_]C_X  02D9)1@ ! 0$!FP&;  #__@! 1$E32S$Q-CI;,3E:04DQ+C$Y6D%)
M-#(U,#$N3U544%5473,U,C5?,5]#3U)07U-44E5#7TM?1DQ/5RY%4%/_VP!#
M  $! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  +" #_ HL! 1$ _\0 '@ !  (" @,!
M              <)!@@!!0(#! K_Q !N$  ! P0!  ,'"@L3!@D*!P % P0&
M  $"!P@)$1(3%!48(3%1%A<W5G%VEK'4U4%76%ESD968M;;6&2(S-393875W
M@9*3EYFSM-+7V",X4E6RT20E)S(Y>:&X\"8H*4)%1G2WP?%#1V1RA:2I_]H
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M@Y:*H[ "KWED>C<,U]=L%/&-C:RFLJ81Z1.B6!:518QG#9 1%-)HQ21 DCJ
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MHHEFDHFHDIFGGCE?8/1.M]W;"BTG]:R=)QX&)DK"\@#.#YT"/R-8038$J&R
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MT<'T;VO[&6_;>>U^N_[]_/Y?/5L?9MZ<OX>?]JG9MZ<OX>?]JG9MZ<OX>?\
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M-.V"2C0CPUD"ZCC%6RN62^+U)+)/-/"S;#)/-13N?5WTT_U,'1G_ '[O)[_
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M]O@[&/F>MP^)^TYWLKU=^K4Y8SX&O'/!O_%PMAWOW_8UWU^EK-IW7NO>C?\
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MI$DVDVP-3;"V*/0&F3:@44YGI/2>ND'AQH/4<@TP"*@AG;%R1;/9G \:8<E
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M77,0.25NWY6!N-NQY*<C#L3&C*@X?N@?LSUL2B<CL@TF43FNGUQZ .8Y96\
M'0T@<LU0YD>6PP\#TP?&LH"9R,S"=T0T20B+25L7DD"06Z*_A?6.C=MQP(IF
M$GY?O$B?B'(77BR;Q]9 &'?+E&QPHRP8W7SS*<=(BR9VD :'Z:VP*/Q*3\4
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M?S#598>3!O1%PL1,8[TG=BP@F1E>OLF:V,%$EV;=YKQ9RP!6V-*2,_,IA<Q
MV,%)W>-KQ!J-<($& =>!CRP9DX:;#<W76W.T*EO5&(GD^0;B,NYCZX<V4CSN
M+>#T6;C6[@@@X@V! :+Q68B#;!@JX%DV:!>0=\YL4C.95'(MX$#3;5F/"#]0
M<P]^=OQ>$5NO2E*4I2E*QV7_ *E)-[WS7X,=50JC^@H_84OZ/&O92E<7M:_G
MM:_GZNNUK]77Y+]77YNNUK6OU=77:UK7Z[6M3JMY/);R>;R>;W/13LXV\V-K
M?0\UO-Z*=5K]77:U^KRV\EO)?TV]%.SCY/SN/YV^.6/DM^=RQRMEAECY/SN6
M&5K9X96ZKXYVMEC>V5K7MS2E*L#X*^?9WNQ'XI'5@M*4KB_F_?Q^.U4#%/TT
M*?MH3_"#FOAI2G7>W7U7O;K\E^J_5UVZ^OJOZ;==K7ZK_1M:_GM:E*5S:][7
MM>U[VO;RVO:][7M?TVO;RVO^S:N*4I6Z'"'V0Y?[RTOP^QK>+>?L/;+]Y9_^
MHJ52=EY[^[?XZXI2M?CW'\4?E4DD&4G/B&\@VMI[>-FXC$)DX9[)TY&!\/#9
MY7. CC5U&"HD!&G9079-L[S)C'."3M)B_P T\8^;<)M5L3LWD8^3[29%MJA)
M@.V\OC)H^\2VH=F#*7#5)W+$B4->YM)A'1\V-"HPI#5XE&V(!O'8T1C9>/1@
M.,;_ #M>#FI;O9&_/R3:,O7D@V!B'&9^3 $%QP[7$\0V!%VHDC'(?'S+9!H_
ML2C62#DF];V@!\Y"VJ306^M=+T/N"FH';:%#&TCVD, :^BQZ*1B/-I0#?C&+
M621K;$.+$,5C\1,FDB;J*[BD<?6S9&&3%84#@C)=@JWB#%)7N"7$2+Y!=E1\
M1-)WB&V^$%1:9AC9<2^"CA2X:%16>2"'-V$88&QDQG41@04.\0>21>$"R3HK
M)0<8$$7CI)]MXIGW1113LXX=T4S4[&/7V<.WG?+L8]J]\NSCU]G'M7OEU6MU
MWO?KO7A2K<.,OL'0;['(/QJ.ULQ2E5S\YOTYUS^U<H_KP.M#ZC/<2FSTM;R-
M33: =QL:V4?Q")';,LV=QZDK IS%1JF4<LQ"Y]""YR=Q$VQMVU!N94B%;F5T
MQJKF]5E0:W2QQ*+1R(J"(O(T@VO(4Q=R^:&M32J8KR*[K3S>:.EWB\T:KRN7
MC&U]V%!N$D(LXJ=3O%1JLE1<V&+-Y^Y PWE#(]IL7^H_78#!VFKXDQE)85N2
M&Q[54N=J;3UR;G\7CVN'TDSE46V2GKH!.PT1V,R:AT%7LW=L".Q&[(.&Q5A=
M73?.4RR? 74^W/'Y>D#XR-#$]=[5BDITSL6:ZYC4A?[2*"HA&=HZ\V[J:!;%
MDCT1$)\ZA> &2/AH41,&4+FCHE),$-I-9\<MK0S9D6V+)^1,PF:; .9$2F(/
MK.<XV8LY<[+=-EQR.;A#!'(R3G,=DAY0NS(/Q!?7@83%23>+.FHH'N/2U[7\
MMKVO;R^6WE\U^J_VK^2_[-<7RQMY[VM]'RWM;R>GRUQVL?\ 2Q\UK^>WFOYK
M^?S7Z[=5_HUY5X]K&_DMEC>_HZ[?1ZNKZ/T>NWV[5Y4KB][6OU7O:U[^:U[^
M7T?'Y*==NNUNNW7?S6Z_+?J\_5Z>JE[VMY[VM[M^JG7:_EM>W5Y^OK^AZ:Y_
M\?%?_LM>U[^BU[7^C:K,>$'Z@YA[\[?B\(K=>E*4I2E*5CTMQOE%I)CC:^66
M0 SCCCC:^65[W&.K6M;&UKWO>]_):UK7O>_DM;KJB)$64[BC_P 5E/T%+_V8
M0_6\?_TU>SP64_U64^YA#Y-3P64_U64^YA#Y-3P64_U64^YA#Y-3P64_U64^
MYA#Y-3P64_U64^YA#Y-7P/LK"\A^!.]QF9<DW"B,"6.0_,L:>)KK,PPK![9#
M(F8>(M72K02PLX(NDFKI5NV43;+Y)_?X,)W\PPI]S"'R:G@LI_JLI]S"'R:G
M@LI_JLI]S"'R:G@LI_JLI]S"'R:G@LI_JLI]S"'R:G@LI_JLI]S"'R:M_.#;
M5TVOLSOEJZ;=N\2['?+5PV[?9M(NUV.[I)]OL]=NUV>OL]>/:ZNU;KW^I2E<
M7_\ K;X[52(2U3M#,B1SPUS.,\,R)%3#/&+&LL<\%'SC/#/'*S.]LL<\,L<L
M<K7O:^-[7M?JO7Q^M-M+Z6\Z^"IOY%3UIMI?2WG7P5-_(J>M-M+Z6\Z^"IOY
M%3UIMI?2WG7P5-_(J>M-M+Z6\Z^"IOY%6'S408UN.%%]@AR\*%');$($&(R8
M22$LRLVV!(6,2@L38+N6N.+F02^4$QL>CPU/K7)EWS1BWQR67PQOF-]3;3M>
M]KZWG5KVO>U[>I4WUVO:_5>U_P#@7GM?R7KCUIMI?2WG7P5-_(J>M-M+Z6\Z
M^"IOY%3UIMI?2WG7P5-_(J>M-M+Z6\Z^"IOY%3UIMI?2WG7P5-_(JVWX>PJ9
M1F=REY(XI(P#1Q$4VR#DR&(#4%G%C;-6Z"2KM!+!1:R6.2G<\<KY]C'+/J[-
MKWK<;<C!\4U5L$<-9NB#][$3;9FR9(*N7;IPJS4Q20;MT<<U5EE,KVQ333QR
MSSRO:V-KWJH.^I]I==_^3>=>>_\ [JFO3_\ !5QZTVTOI;SKX*F_D5/6FVE]
M+>=?!4W\BIZTVTOI;SKX*F_D5/6FVE]+>=?!4W\BIZTVTOI;SKX*F_D58:=%
M%HQ*H-!I&)*@IGLYU(V.N8H5%D&9^<O(@ 6E4J:Q88JULX,+QV,MUSQA-KCE
MDR%(JO%/\FGE>V9>M-M+Z6\Z^"IOY%3UIMI?2WG7P5-_(J>M-M+Z6\Z^"IOY
M%3UIMI?2WG7P5-_(J>M-M+Z6\Z^"IOY%5H?'@*8"Z<AHPP*(BB35,Y9R/(LG
M#-XWNK)3*Z5EFSA--9*ZB"J2V';PMVDE,,\>O'*U[["TI5<_.;].=<_M7*/Z
M\#JM<<TV/AL*5/2QR&N=5N(S%&\)CP\"7:SL5+V[@OE-R4GD;@DN%,1\JU4!
MX1D<-&L'HI5J1N05<]V367PCDFQW02T3LUCQX(M!6YW,?1P@KYTX&,U4W6)L
M0H>1#OSB#D$,E+V(X2)A#2QUNL#%2YT#(EL<&#5=5/4*62[GI&9YWOJ#29LI
MJA],I7:ZFS9M%MDS1..CFT/M&S?7)]BP\O$&<D9+GF>,$3.27%A+0IDWE*!8
M23-.]OB!3CI-GL2EQD]K.#!9*&@P;**0YM&H*47FDX+;HV''R"JL@RV^R%1Q
MM$]+LM;3=^R58OFI4R;/-1C1T['WC-^G'SKI2RIU%(IJ6#@@^!7513N3-" M
M$<FZ8F-.]D1ET=<;%/NE@;R2.Y *=D41R1L7&QEW(!Z^>YI.GLR:?/<\STB,
MX;<CT$A<9&ZE/D@'>49C;TE,-K.2<K'QT,3>L=ADD(:W"M\8P9=M4QID5(1B
M27="P=Z5+-1T !]H]+2Y1C#AUH37+=\J+DWA\2;9P5J,Q-IQPMG&+N3(;;KU
M<:,RE"(G!SX/P)9NQCK+![D.LF[53[&-'NDZ!1)P(3AXTP3[<M)C9//A4)D4
MC=.Y%RMD35DR,B6.VQK*/C(1QH?1B1Q&-L'YUL6L@8C#L^.D0$<BO-.VX5R<
M*[N20C<PVB1U&_X_R6/RAY 3X33ST9M &'6-QJ7ZF-)')$FSD&RY2T9PV4QF
M;Q=PX@8QZTDT$V%8,WDHY:!9GJ?I% UY EKK<LPE;/U,:]B*.<H+M0LG&GH]
MJ(DP)2Z&E7,SD$0G0.5[C?QV53^6G8QK39#,;&I%'+@)?%#*:#F4=Q3#I%@>
MR%!FIM?PZ5ZY:-=9(*F,P$15<EEEXK#%-JD!I,EL:,D&BB$L5F[4"T6C:?>[
M! >NT37[+3++5F$A.E0%2"-OBPO9!=DS;::5>@95LJ+KQ=V7#->,JL_;FGK6
M>.SN 9^6#;\\..TEB*A@64?IXMBK<X';*;8:NFW2'/-PZE&[4UA#1NFR*^;?
M:1T2,B5CHUDLSVAE8IUL]BD'(8B/+#]9,4Q0<7)&9,.7<&55FSIP59B/00EO
M2/KC,G@B!:Y9'F<8Y(G',:)QZ*K 2<NBD@B;'CUKH',T-N9N/ >R(VYETDOL
M<N&&.V[UD,C,MC,<7MF6?19)ENDO+[4CA7 "]:0X8G FMQ\25B$8BIAJUG^F
MY :D4P#J;4+$TY.ZCV>W14MB[=9Q'F(D:SBC!>3,#K97/-)NXZ0<='=(R:&A
MC$DGH7B0UPV1$G;G7#2(%>5!N5:U''%Y,,;S*.C33<%%<MBD!%V#\G%!"3=
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MWS+_ .DIZ';]T;G!_P!S275;)2E*4I2E*5ZUOT)7['G_ +-ZI'Z/#0&BMH[
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M'/%&]E;X7JO_ %)S:?2V$S26;*A(R$$M#G]G:]Y.PR+9RB:2+6^T(KLT/ 8
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MP)V#/:5"\@8ZW17R>JD6YT_K$\/*#0I(4/<8D\\P9+,:^NAWQ]4@Z0/7J,Q
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MRKG2FI-;M6T\'N%APYN&V D0A.PAQIS@A''C;_B?"4B"#9SGAHSI!N/OB\;
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M 8V]U]%59SB$C9^&=><W*.;!^,Q10]#RAN2IE'HQ5QK(IL=X^CKC8)I4P_\
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MYM&<]&.8V.U2E<- LK[:,L'VMP,ATY$99K>'2H*<>1-\K(018U(XU)Y(P,;
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,^P=!OL<@_&H[7__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
