Helmerich & Payne Inc.

Randy Foutch, 52, is founder, President and Chief Executive Officer of Latigo Petroleum, Inc. Prior to forming Latigo in September 2002, Mr. Foutch was Rocky Mountain Regional Manager for Anschutz Company and Vice President of Exploration for Dyco Petroleum. An experienced oil and gas executive with prior successes in his own former privately held companies, he founded Colt Resources in 1991 and sold it in 1996. Also in 1996, Mr. Foutch founded Lariat Petroleum, Inc. and served as President until January 2001 when it was sold to Newfield Exploration, Inc. He then served as President and CEO of Newfield Exploration Mid-Continent Inc. and Vice President of Newfield Exploration Inc. Among many other awards, Mr. Foutch received the American Association of Petroleum Geologists' Public Service Award at its 1999 convention. Foutch holds a Bachelor of Science in Geology from the University of Texas and a Master of Science in Petroleum Engineering from the University of Houston. He is currently serving on the board of directors of the Oklahoma Independent Petroleum Association, Leadership Oklahoma, Gryphon Exploration Company, and The Catholic Foundation of Eastern Oklahoma. He is also a board member and Vice President of Finance and Administration of the Thomas Gilcrease Museum Association, Chairman and board member of The Philip Neri Newman Center, and has served as Chairman of the Board of the Oklahoma Energy Resources Board, Chairman of the OERB Scholastic Outreach Committee and as Chairman of the International Society of Energy Advocates.