Our Team

HEP's co-founders have been working together for more than 25 years and have over a century of combined energy industry experience. Pat Smith and Bill Johnston lead a best-in-class team with technical expertise and the ability to manage complex assets. Each team member brings a diverse background, having worked for major and independent oil and gas companies. Working together, we evaluate opportunities; identify applicable and impactful technologies; perform due diligence; and operate and grow our oil and gas business with a focus on reservoir understanding and risk management.


Pat L. Smith

Co-founder & Co-CEO

With more than 35 years of industry experience, Pat has worked with and developed successful high performing teams to achieve exceptional technical and financial success across diverse assets in multiple producing onshore basins in the United States.

As a co-founding member of Headington Energy Partners, LLC, Pat is dedicated to continued organizational effectiveness, forthright business relationships and an integrity-based focus on asset management and operational excellence.

Prior to jointly founding Headington Energy Partners, LLC, Pat spent over 22 years serving as Executive Vice President and Chief Operating Officer of Dallas-based Headington Oil Company LLC. Key successes include technical and management responsibilities for Headington’s extensive non-operated and mineral assets and the Williston Basin Bakken operated development program. Additionally, he has been a member of a highly experienced technical team managing Headington’s South Texas operated property.

Prior to Headington Oil, Pat spent more than 10 years with Exxon Company, USA. Assignments with Exxon included technical and managerial responsibilities in Exxon’s South Texas Division and Alaska Interest Organization.

Through his career, he gained industry experience in production operations, reservoir engineering, production engineering and unconventional oil and gas exploration. Pat has over 30 years of management experience.

Pat received a Civil Engineering degree from Texas A&M University in 1981. He is a registered engineer in the state of Texas and a lifetime member of the Society of Petroleum Engineers. In 2014, Pat was selected to be a member of the Texas A&M Petroleum Engineering Industry Board.

William R. Johnston

Co-founder & Co-CEO

With 34 years of industry experience, Bill has participated in, developed and managed highly skilled operational technical teams with a focus on South Texas conventional assets. Their efforts have resulted in a track record of technical and financial success in the exploitation of mature assets and exploration of new trend plays.

As a co-founding member of Headington Energy Partners, LLC, Bill is committed to the highly efficient, safe and successful execution of asset management and operational excellence. Near-term objectives include expanding his team’s efforts to unconventional development in South and West Texas.

Prior to jointly founding Headington Energy Partners, LLC, Bill spent more than 20 years serving as South Texas Regional Manager of Dallas based Headington Oil Company LLC. Bill initiated Headington’s presence in South Texas in 1990, and key successes have included multiple property acquisitions and joint ventures in the Frio, Vicksburg and Wilcox trends of the Lower Gulf Coast. The integration of best available technology with top geoscience and engineering professionals has resulted in substantial and consistent success for the Headington team.

Prior to joining Headington Oil, Bill spent five years with Exxon Company, USA. Assignments included reservoir/completions engineering and managerial responsibilities in Exxon’s South Texas Division. In 1989 Bill joined Netherland, Sewell & Associates, Inc., where he was responsible for reservoir engineering and economic evaluations of oil and gas assets throughout many of the basins in the US. Leaving Netherland, Sewell & Associates, Inc. in late 1990, he initiated the effort along with Headington to establish a strong South Texas technical team to acquire and develop quality oil and gas assets.

Bill received a Mechanical Engineering degree with a Petroleum minor from the University of Texas in 1983. He has attended numerous industry schools in reservoir engineering, well logging, subsurface/completion design, well testing, stimulation, well control, waterflooding and economics.

Timothy C. Headington


Tim Headington’s passion for the oil and gas business was inspired by his father and uncle, both geologists. He formed an oil and gas company in Oklahoma City in 1978 and relocated the company to Dallas in 1984. It focused on the acquisition of producing properties from both majors and mid-level independents. The company’s efforts resulted in the successful acquisition of non-operated properties and an accumulation of “legacy” assets across many of the onshore basins in the United States.

In the early 1990’s, Tim began to expand to operated property acquisitions which led to his relationship with his current co-founders of Headington Energy Partners, LLC: Pat Smith and Bill Johnston.

Tim graduated from the University of Oklahoma in 1972. He continues to be an active supporter of his alma mater. He was honored in 2005 with the OU Regents’ Alumni award and was awarded an Honorary Doctorate from OU in 2011. He was inducted into the Oklahoma Hall of Fame in 2014.

Tim is the co-founder of the Headington Institute, a nonprofit organization that provides psychological and physical care for caregivers and first responders worldwide.