Formed in 1995 by two former oil and gas executives, John Henry Petroleum is a wholly independent exploration and production company that is in no way typical. Their founders started the company as a way to move their industry forward through better use of technologies like 3D seismic imaging, new deviated and horizontal drilling methods. By using these properly, they believe oil and gas production can be far more efficient and profitable. In two decades, John Henry Petroleum has shown itself to be among the more forward-thinking oil and gas industry leaders in the United States and the world.
By discovering and learning to implement the best technologies available to the search for oil and gas, John Henry Petroleum has made a lot of money for investors, even as they have been able to stimulate further innovation, which helps the entire industry. They have been able to generate strong and steady growth in both net production volumes and in net proved reserves, by both increasing production and keeping all of their costs under control.
Their methods for exploring and extracting oil and natural gas have allowed them to focus their drilling efforts in only the most prolific areas in the prospect inventory and their project portfolio. Because John Henry Petroleum has always had an entrepreneurial spirit, and their focus was on exploration, they now have a large enough inventory of proven oil and gas production reserves to make them a very successful oil production company. In addition to that, they also have a level of technological expertise that increases their value in the overall industry.