Henry Resources

Step into the sun-drenched heart of the Permian Basin and discover a family-owned company breaking boundaries in the oil and gas industry. Meet Henry Resources, founded by Jim Henry over half a century ago. Henry sets a new standard for community commitment, innovation, and environmental stewardship. “The Henry Way” is its mantra—an artful fusion of technology, culture, and philanthropy that propels it to the forefront of independent oil producers. With a relentless focus on sustainable practices and a deep dedication to its community, Henry Resources is redefining what it means to be a leader in the industry.

Over the years, Henry Resources has evolved and adapted to the changing landscape of the oil and gas sector. It has an impressive track record of innovation, having pioneered the Wolfberry play in the early 2000s. This groundbreaking move involved leasing approximately 300,000 acres in the Midland Basin, ultimately leading to the development of horizontal drilling projects in the Midland and Delaware Basins. Today, it continues to push the envelope in technology, particularly in horizontal drilling and fracturing.

“We have drilled over 1,500 vertical wells, operating up to 10 rigs, and completing up to 20 wells monthly, prioritizing oil production and efficient project execution. About 10 years ago, we shifted our strategy to horizontal drilling and have drilled over 200 horizontal wells since that time. Our unmatched operational capabilities generate excellent returns for our trusted partners,” says David Bledsoe, president, Henry Resources.

A factor that sets Henry Resources apart from competitors is its staunch commitment to community well-being. The Henry Foundation, established by the family, gives away more money annually than the United Way, supporting various local nonprofits and organizations. In addition to the Foundation, the operating company contributes approximately $250,000 annually to events and causes in the Midland area.

However, Henry Resources’ dedication goes beyond financial support. It has forged strong partnerships with multiple businesses in the region, sharing the benefits of its expertise and operations. Partnerships with major players like Chevron, smaller family-owned businesses, and independent companies demonstrate its versatility and collaborative approach. Preferring to own only up to 50 percent of projects, Henry Resources diversifies its holdings, creating goodwill and generating new opportunities.

Environmental, social, and governance (ESG) metrics is another area where Henry Resources shines. Its commitment to sustainable practices and social responsibility is evident in its impressive ESG record. The firm attracts partners that value operational efficiency and profitability and partake in its dedication to environmental and social causes.

Henry Resources’ unique blend of family ownership, community commitment, and industry excellence is increasingly rare in the oil and gas sector. This combination has significantly impacted the community and industry, a testament to its resilience and adaptability in a competitive landscape.

Its extensive list of accomplishments and contributions to the industry has not gone unnoticed by peers. Major oil and gas producers seek out Henry Resources as a partner, recognizing its ability to manage complex projects efficiently and safely. One instance involved drilling near commercial infrastructure and highways—an endeavor other companies hesitated to tackle. Under Henry Resources’ guidance, the project saw the successful drilling of over 30 vertical wells and more than 30 horizontal wells, yielding remarkable profits and further solidifying its status as a trusted industry leader.

The firm is working diligently to address rising concerns as the oil and gas industry faces growing challenges and criticism. It believes oil and gas play a crucial role in powering the world’s energy needs and benefit all of humanity. Henry Resources actively engages with legislators, politicians, and community leaders to improve the industry’s image and regulatory environment.

Henry Resources is an inspiration of excellence and innovation in an industry characterized by transience and volatility. Embracing sustainable practices, fostering strong community ties, and pushing the boundaries of technology, it looks ahead to its upcoming years of innovation and growth. Poised to continue its legacy of excellence, Henry Resources will push the boundaries of what is possible while staying true to the values that have made it a beacon in the energy landscape.