Market Overview

Helmerich & Payne, Inc. Announces the Appointment of New Director


Helmerich & Payne, Inc. (NYSE:HP) today announced that Mary M.
VanDeWeghe was appointed to the Company's Board of Directors effective
June 5, 2019. With Ms. VanDeWeghe's appointment, Helmerich & Payne's
Board has expanded to include 11 members.

Ms. VanDeWeghe is currently the Chief Executive Officer and President of
Forte Consulting Inc., a financial and management consulting firm.
Previously, she served as Senior Vice President of Finance for Lockheed
Martin Corporation, and held positions in corporate finance, capital
markets and general management at J.P. Morgan, where she rose to the
rank of Managing Director. She also previously was a finance professor
at the business schools at Georgetown University and the University of
Maryland. Ms. VanDeWeghe currently serves on the boards of directors of
Principal Funds, Inc., a global asset management organization, and
Denbury Resources Inc., an independent oil and natural gas company with
operations focused in the Gulf Coast and Rocky Mountain regions. She
previously has served on the boards of directors for Brown Advisory from
2003-2018, B/E Aerospace, Inc. from 2014-2017, W.P. Carey Inc. from
2014-2017, and Nalco Holding Company (and its successor Ecolab Inc.)
from 2009-2014.

Company Chairman, Hans Helmerich commented, "We are pleased to add Meg
to the Company's Board and look forward to her contributions. We believe
that her extensive business experience developed through executive
responsibilities, consulting assignments and board positions, and her
finance expertise gained through capital markets and corporate finance
experiences will enable her to provide valuable insight and guidance to
the Board and the Company."

About Helmerich & Payne, Inc.:

Founded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE:HP) is committed
to delivering industry leading drilling productivity and reliability.
H&P operates with the highest level of integrity, safety and innovation
to deliver superior results for our customers and returns for
shareholders. Through its subsidiaries, the Company designs, fabricates
and operates high-performance drilling rigs in conventional and
unconventional plays around the world. H&P also develops and implements
advanced automation, directional drilling and survey management
technologies. For more information, visit

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