Henry Resources


Areas of Operation

Map of operations

Operational History

Since the discovery and development of the Wolfberry in the early 2000s, Henry has deployed nearly $2 billion of capital in the drilling and completing of more than 1300 wells. Much of that activity was, and continues to be, in partnership with with major oil companies like Chevron. In addition, Henry has had many successful joint venture partnerships with public and private independent oil companies and private equity firms over the years.   

Recent Operational Stats
    • Drilled and completed ~250 vertical wells since 2012. 
    • Drilled and completed 85 horizontal wells and counting since 2014.

Joint Venture/Investment Partners

    • Integrated | Chevron, Exxon

    • Independents | SM Energy, Energen Corp., Diamondback Energy , Mewbourne Oil Company, Fasken Oil & Ranch

    • Private Equity | Kayne Anderson, Post Oak Energy Capital, Grey Rock Energy Partners, Pickering Energy Partners


Current Assets & Activity

Henry typically operates 1-2 horizontal rigs and will add or reduce rig count depending on company cash flows and business opportunities and/or lease obligations.  Our focus is to maintain a cash flow neutral spend rate while meeting all asset level obligations and growing company rate and reserves through the drill bit.  We remain acquisitive for high quality projects in both the Midland and Delaware Basins.  Our preferred deal structure allows for a ~40% operated working interest to Henry.

    • Operated acreage positions in both the Midland and Delaware Basins.
    • Our capital budget and net production are at all time company highs.
    • Our net reserves are the highest they've been since immediately prior to Concho sale in 2008 when the company was operating over 330,000 acres.


3525 Andrews Hwy
Midland, TX 79703

Phone: (432) 694-3000

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