If there is a single element that sets John Henry Petroleum from other oil and gas companies, it could very well be their strong entrepreneurial spirit. However, there is a lot more to their success, as the company is also somewhat activist within the oil and gas industry. The two former oil and gas executives who founded John Henry Petroleum wanted to create a successful company, of course, but they also wanted to move the entire industry forward. Well, they have largely done both. Not only have they created a healthy profit picture for their company, but they have also demonstrated a remarkable ability to stimulate continued innovation that serves the entire industry.
John Henry Petroleum has been able to nurture advances in both exploration and drilling by experimenting with and learning the best ways to apply emerging technologies like 3D seismic imaging and new deviated and horizontal drilling technologies to make the exploration and production of oil and gas more efficient and profitable. Over more than 20 years, John Henry Petroleum’s innovation in exploration and extraction allow them to increase profitability by only drilling in the most oil-and-gas-rich areas in the prospect inventory in their project portfolio. This points to a bright future, to be sure.
