Henry Petroleum is a private Texas-based oil and gas exploration and production company with operations located in the Permian Basin of west Texas and southeast New Mexico, including in the Spraberry-Wolfcamp oil play in west Texas where it has drilled over 500 wells since 2002.
Timothy Leach, chairman and CEO of Concho Resources, said: Henry’s properties are a perfect complement to our existing southeast New Mexico core asset. This acquisition establishes a second proven growth engine within the Permian Basin for Concho by increasing our portfolio of identified opportunities by 60%.
