Exploration & Processing - Winter 2011 - (Page 48)

HENRY RESOURCES BY JIM HARRIS Henry Resources recently re-started primary oil production activities in the Permian Basin, and is looking into secondary and tertiary production opportunities, as well. HENRY RESOURCES CONTINUES MORE THAN 40 YEARS OF EXPLORATION IN THE SPRABERRY TREND AND WOLFBERRY RESOURCE PLAY IN TEXAS’S PERMIAN BASIN. PERMIAN PLAYERS H COMPANY PROFILE Henry Resources HQ: Midland, Texas Employees: 37 Specialty: Oil and gas exploration and development 48 | EXPLORATION-PROCESSING.COM enry Resources has a long involvement with the extremely active oil drilling industry in and around its home in Midland, Texas. For more than 40 years, Henry Resources – and its predecessor, Henry Petroleum – has teamed with major oil companies as well as other independent operators in drilling thousands of on-shore wells in the Spraberry Trend and the Wolfberry resource play in west Texas. The Spraberry and Wolfberry are portions of the larger Permian Basin, extending from west Texas to southeastern New Mexico. “We’ve been able to get a very good livelihood out here, and the region should continue to grow and prosper,” owner and founder Jim Henry says. Henry coowns the company with his wife Paula. While the company has shifted focus, personnel and holdings throughout its long history, its focus on working in the Permian Basin has not changed. “We attempt to be a low-cost driller and low-cost operator,” Henry adds. “We have been successful in drilling wells more cost effectively than most of the other Wolfberry and Spraberry players and operate fairly efficiently, as well.” The company’s team of geologists and engineers explores the basin for places to drill. When found, the company’s land department leases the rights. Henry Resources’ drilling department drills the wells and its production department comWINTER 2011 http://www.EXPLORATION-PROCESSING.COM

Table of Contents for the Digital Edition of Exploration & Processing - Winter 2011

Exploration & Processing - Winter 2011
Redefining Refining
Synfuels Success
A Natural Solution
After the Fallout
Uranium on the Rise
Galleon Energy Inc.
Gibraltar Mines Ltd.
The Municipal Group of Companies
Selwyn Resources Ltd.
Redmond Minerals Inc.
Copper Fox Metals
Henry Resources
OFM Pump Inc.
Sunshine Oilsands Ltd.
Pacific Rubiales Energy Co.
Thermo Design Engineering
Alexco Resource Corp.
North American Palladium
Mammoet Canada Eastern Ltd.
KSM Inc.
Industrial Equipment Manufacturing Ltd.
Flexpipe Systems
Guyana Goldfields Inc.
Flotek Industries Inc.
Dominion Terminal Associates
Compressor and Engine Service LLC
BEHR Energy Services Ltd.
LoneStar Energy Fabrication
American Oil & Gas – The Goliath Project
Alberta Oilsands Inc.
Southern Petroleum Laboratories Inc.
Cochrane Technologies Inc.
Crystal Flash Energy
Energold Drilling Corp.
Esperanza Resources Corp.
Explorator Resources Inc.
Rush Sales Co.
Kimber Resources Inc.
Nelson Bros. Oilfield (1997) Services Ltd.
Gulf Copper and Manufacturing
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Exploration & Processing - Winter 2011