- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Tardio Juan Pablo

2. Date of Event Requiring Statement (MM/DD/YYYY) 4/30/2010

3. Issuer Name and Ticker or Trading Symbol

HELMERICH & PAYNE INC [HP]

(Last) (First) (Middle)

1437 SOUTH BOULDER AVENUE, SUITE 1400

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director _____ 10% Owner
___ X ___ Officer (give title below) _____ Other (specify below)
VP & CFO /

(Street)

TULSA, OK 74119

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	11334	D
Common Stock	1129	I	401(k) account

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)	12/5/2009 ⁽¹⁾	12/5/2016	Common Stock	3000	$26.895	D
Stock Option (right to buy)	12/4/2008 ⁽²⁾	12/4/2017	Common Stock	6000	$35.105	D
Stock Option (right to buy)	12/2/2009 ⁽³⁾	12/2/2018	Common Stock	7000	$21.065	D
Stock Option (right to buy)	12/1/2010 ⁽⁴⁾	12/1/2019	Common Stock	9000	$38.015	D

Explanation of Responses:
( 1)	The options were granted under the Helmerich & Payne, Inc. 2005 Long-Term Incentive Plan on 12/5/06. Options to purchase 3,000 shares remain under said grant, 1,500 of which are vested and became exercisable on 12/5/09 (the noted date) and 1,500 vest and become exercisable on 12/5/10.
( 2)	The options were granted under the Helmerich & Payne, Inc. 2005 Long-Term Incentive Plan on 12/4/07. The options vest ratably over a four year period commencing on the anniversary date of the grant.
( 3)	The options were granted under the Helmerich & Payne, Inc. 2005 Long-Term Incentive Plan on 12/2/08. The options vest ratably over a four year period commencing on the anniversary date of the grant.
( 4)	The options were granted under the Helmerich & Payne, Inc. 2005 Long-Term Incentive Plan on 12/1/09. The options vest ratably over a four year period commencing on the anniversary date of the grant.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Tardio Juan Pablo 1437 SOUTH BOULDER AVENUE SUITE 1400 TULSA, OK 74119			VP & CFO

Signatures
Jonathan M. Cinocca, by Power of Attorney for Juan Pablo Tardio		5/5/2010
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.