Henry Resources

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50 Years. Integrity. Excellence.
FOR THE LAST 50 YEARS HENRY RESOURCES HAS MAINTAINED A SMALL ELITE TEAM THAT GETS RESULTS AND ALWAYS FOCUSES ON INTERIGTY AND EXCELLENCE.

Our History

 
1969
  • Jim Henry, left, and Bob Landenberger form H & L Consultants, specializing in the Spraberry Trend Area.
  • H & L forms a three-tiered business plan: Work as consultants; become contract operators, and buy working interests in operating wells, increasing the percentage over time.
 
1971
  • Henry & Landenberger, Inc. drills its first well and begins operating properties.
  • The newly formed operator signs the landmark 6-6-3 contract with Hanover Planning, giving Henry & Landenberger momentum as a Spraberry operator. The company would ride that momentum until the early 1980s.
 
1977
  • Jim Henry buys out Bob Landenberger in 1977 and renames company Henry Petroleum.
 
1980s
  • Dennis Johnson, left,  joins Henry Petroleum.
  • Henry ventures into the Austin Chalk.
  • In anticipation of an oil price crash — which became reality in 1986 — Jim Henry sells half of the company.
  • Henry unitizes, waterfloods  Phoenix-Grayburg Field.
  • Henry forms JV with New York Life  Spraberry program.
  • Henry acquires Anschutz-Moonlight Field.
 
1990s
  • Henry Petroleum moves into new offices on Andrews Highway.
  • Henry begins Major & Independent Partnering (MIP) phase.
  • Henry makes multiple acquisitions from Arco and other companies in 1992, and unitizes Shafter Lake Field.
  • Henry acquires the East Ackerly Dean Unit.
  • Henry acquires Oklahoma Sho-Vel-Tem property from Arco.
 
1998
  • Henry forms Joint Venture with Mobil involving the Parks & Pegasus Fields.
  • Contemplated as a Spraberry project, the Mobil JV ultimately transitions into Wolfberry development and becomes one of Henry Petroleum’s most valuable properties.
  • Dennis Johnson succeeds Jim Henry as President of Henry Petroleum.
 
2000s
  • Henry drills first Devonian horizontal well in Midland County, 2001.
  • Henry begins leasing and drilling the Wolfberry Play in the Midland Basin, 2003.
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  • Henry drills and completes ~650 Wolfberry wells running as many as 10 rigs during peak times.
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  • Doug Robison, Dave Feavel and Michael LaMonica, leave Henry to form ExL Petroleum.
 
2003
  • Henry forms Wolfcamp Joint Venture with Pure Resources. Henry contributes 6 sections, Pure contributes 16 sections.
  • Henry drills Caitlin #2801, the discovery well in the Wolfberry, a play that would eventually yield billions of barrels of oil.
 
2006
  • Henry Petroleum completes $250MM transaction selling Sweetie Peck project to St. Mary Land & Exploration, representing ~12% of the company’s reserves.
  • Jim & Paula form the Henry Foundation with the mission of “Focusing resources to change lives” in Midland and the Permian Basin.
 
2007
  • Dennis Johnson leaves Henry Petroleum to form Summit Petroleum.
  • Summit takes roughly a quarter of assets while Henry keeps the balance and continues to develop the Wolfberry.
  • Ronnie Scott succeeds Dennis Johnson as President of Henry Petroleum.
 
2008
  • Henry Petroleum completes $600MM transaction in which ~90% of the company goes to Concho in a corporate sale.
  • Henry Petroleum re-named Henry Resources.
  • Henry continues to develop acreage not sold to Concho with 2-5 rigs.
 
2010s
  • Henry completes $305MM transaction, selling assets to Linn Energy.
  • Henry continues to focus on the Wolfberry and other vertical plays.
  • David Henry succeeds Ronnie Scott as President of Henry Resources, 2012.
  • Terry Creech becomes CEO of Henry, 2013.
  • Danny Campbell succeeds David Henry as President of Henry Resources, 2013.
 
2014
  • Henry drills its first horizontal Spraberry well in Midland County.
  • Henry shifts its capital focus to horizontal drilling in the Midland Basin.
  • Henry again forms JV partnership with Chevron in Midland County.
  • Henry completes transaction selling Cowden East to Diamondback for $288MM.
 
2017
  • Henry Resources reorganizes and adds key personnel with expertise to complete transformation into a horizontally-focused organization.
  • Henry moves into development mode on its Midland Basin horizontal assets.
  • Henry adds first Delaware Basin assets to its operated horizontal portfolio.
  • David Bledsoe succeeds Danny Campbell as President of Henry Resources.
 
2019
  • Henry Resources celebrates its 50th anniversary. The company is proud to be one of the few that has weathered the ups and downs in the oil & gas industry over the last half-century while looking forward to the next 50 years in the business.
 

Monthly Verse 

“They that wait upon the Lord shall renew their strength. They shall mount up with wings as eagles.”

Isaiah 40:31a

OUR BUSINESS

Producing oil & gas with Christian values and West Texas pluck.

Established in 1969, Henry has been an industry leader in the Permian Basin for over 50 years.  We strive to exhibit the highest standards of character and performance, a reputation Henry is proud of.

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The Henry Way

Jim Henry's personal list of guiding principles that are foundational to the company and its success.

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COMMUNITY

Focusing Resources to Change Lives.

As a couple, Jim and Paula Henry have financially supported nearly 1000 charitable organizations through personal, company and foundation giving, now totaling more than $30 million since 2006.

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