Helmerich & Payne Names Lindsay Exec VP, Ops Chief

John Lindsay has been named Executive Vice President and Chief Operating Officer of Helmerich & Payne, Inc. effective December 7, 2010.

Lindsay, age 50, joined the company in 1987 as a drilling engineer. He has since served in various positions including operations manager for the company's Mid-Continent region and Vice President, U.S. Land Operations, for Helmerich & Payne International Drilling Co. In 2006, Lindsay was appointed Executive Vice President, U.S. and International Operations for the company's wholly owned subsidiary, Helmerich & Payne International Drilling Co. Lindsay graduated in 1986 from the University of Tulsa, where he earned a bachelor of science degree in petroleum engineering.

Company President and CEO Hans Helmerich commented, "The Board and I are fully supportive of John's promotion as it recognizes his increasingly important contribution."

Helmerich & Payne, Inc. is primarily a contract drilling company. As of December 7, 2010, the Company's existing fleet included 225 land rigs in the U.S., 28 international land rigs and nine offshore platform rigs. In addition, the Company is scheduled to complete another 11 new H&P-designed and operated FlexRigs under long-term contracts with customers. Upon completion of these commitments in fiscal 2011, the Company's global land fleet is expected to include a total of 213 FlexRigs.