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Helmerich & Payne General Counsel, CAO to Retire

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Helmerich & Payne General Counsel, CAO to Retire

Helmerich & Payne, Inc. has reported that, effective upon the conclusion of the Annual Meeting of the Stockholders on March 4, 2015, Executive Vice President, General Counsel and Chief Administrative Officer, Steven R. Mackey, will retire as part of a planned succession after 29 years of service with the Company. Mr. Mackey began his career with H&P in 1986 as Associate General Counsel. In 1988, he was elected Vice President and General Counsel, and was promoted to Executive Vice President in 2008 and Chief Administrative Officer in 2010.

Effective upon the conclusion of the 2015 Annual Meeting of the Stockholders, Cara M. Hair will be promoted to Vice President and General Counsel. After several years in private practice, Ms. Hair began her H&P career in 2006 as a corporate attorney. She has since served as Senior Attorney and currently serves as Deputy General Counsel. Ms. Hair is a graduate of Oklahoma State University and the University of Oklahoma School of Law.

Chairman Hans Helmerich commented on the upcoming retirement of Mr. Mackey: "Steve's nearly 30 years of service has been both broad and influential. The Company has benefitted from the strength and depth of his business and legal judgment and has been well served by his integrity and leadership. The Board joins me in an expression of heartfelt appreciation for his many contributions."

Mr. John W. Lindsay, President and Chief Executive Officer, commented: "Cara is well prepared to step into this important role and will bring significant value to the Company in her new position."