Producing oil & gas with Christian values and West Texas pluck.
Over the past 50 years, the Henry name has become integral to the storied history of oil & gas development in the Permian Basin. Beginning as a Spraberry expert in 1969, Jim Henry built a technically focused organization that would ultimately be one of the first movers in recognizing and exploiting the Wolfberry play in the early 2000s. Guided by a rich corporate history and the stellar example of our founders, Henry strives to maintain its position as a leader in both the Permian Basin oil & gas industry and the Midland community.
Henry is a Permian Basin oil & gas producer privately held by the Henry family. The company has been in business and located in Midland, Texas since its founding in 1969. Until 2008 the Company focused primarily on investing in operated oil & gas assets. With several large liquidity events coming in 2008 and 2010, the Henry family chose to diversify its investments.
As a result, the Henry organization is now comprised of two sides, Oil & Gas and Investments. The goal of the organization is to maintain roughly half of the overall company value in oil & gas assets and the other half in investments that are insulated from commodity price fluctuations.
Henry Resources | Oil & Gas
Henry Resources represents the Permian Basin focused oil & gas arm of the Henry companies and is slated to function as the growth engine of the Henry organization. Capital devoted to the acquisition and development of oil & gas assets accounts for the majority of the annual Henry budget. The main goal of the oil & gas team is to grow the company's rate and reserves through the drill bit while maintaining a cash flow neutral spend rate. Henry positions itself to be the end-user of the properties we operate, with the goal of converting all commercial inventory to PDP as efficiently as possible.
We remain acquisitive for high quality assets in both the Midland & Delaware Basins. Henry prefers to operate with appoximately 40% working interest and have quality partners own the balance. We place the utmost importance on partnerships with entities that share our values and align with our long-term investment cycle, cash flow neutral spend rate, and low leverage principles.
Henry TAW | Investments
Henry considers itself a long-term player in the oil and gas industry. However, with the liquidity events from the corporate sale to Concho in 2008 and subsequent asset sale to Linn Energy in 2010, the Henry family began the process of diversifying its investments into sectors outside of oil & gas and the Permian Basin. This corporate diversification was carried out to stabilize returns during fluctuating commodity price cycles that will invariably show up in an oil & gas portfolio.
Alternative investments include stocks, bonds, real estate investments, private equity ventures, bank ownership, merchant banking, etc. While oil & gas operations continue to be the primary growth vehicle for the organization, the goal of alternative investments is to reduce the overall risk profile of the company while supporting the shareholders’ value.
Corporate Value Growth | Last 30 Years
3525 Andrews Hwy
Midland, TX 79703
Phone: (432) 694-3000