Updated 1/13/15, some corrections made
During my doctoral studies, I had the privilege of taking the Epistle to the Hebrews with George Guthrie from Union University (Jackson, Tennessee). How I have the fantastic experience of going through a directed study with one of the seminary students here at BCM. So, what am I requiring him to read and what should you, dear reader, give heed to for serious study of this great epistle written by Apollos . . . I mean "nobody knows," though my good Doktorvater can make a persuasive argument for Pauline authorship--yes, there is still a remnant! :)
Anyways, at this point in time, it seems the near unanimous consensus of conservative scholars is that Peter O'Brian's Pillar NT commentary on Hebrews is currently the cat's meow, i.e. the best! And so far I've been fairly impressed--so if you have limited funds and can only afford one commentary, this may be your best bet.
However, I'm also partial to my teacher, Dr. Guthrie's own NIV Application Commentary (don't let the series title irk you; this is one of the rare commentary series that actually cares about the spiritual well-being of the reader/student). In addition, F. F. Bruce in the NICNT is considered a classic. Also worth mentioning is Donald Guthrie in the always-accessible Tyndale series. Another notable within conservative scholarship would be David Allen in the NAC series (though I can't speak for this particular commentary, I have a very high open of the NAC series in general--however, one colleague at BCM told me that he felt Allen's discussion of possible Lukan authorship was very persuasive).
For more rigorous study, the three top critical/technical commentaries are (in my opinion): William Lane (WBC), Harold Attridge (Hermeneia), and, for the truly adventurous, Ceslas Spicq's two-volume French commentary.
By the way, I'm requiring my student to read all of O'Brian's, as well as some of Lane's and George Guthrie's commentaries, In addition, my student was asked to do a book review on one of these three worthy monographs: George Guthrie on The Structure of Hebrews: A Text-Linguistic Analysis, L. D. Hurst, The Epistle to the Hebrews: Its Background and Thought, or David Allan's Lukan Authorship of Hebrews. (He chose Allan on Lukan Authorship; looking forward to seeing what he has to write).
Here are some other worthy monographs: David Alan Black, The Authorship of Hebrews [if you want to read a defense of Pauline authorship, you'll have to read either my Doktorvater or Eta Linnemann; but there is still a remnant!]; Albert Vanhoye, La Structure Littéraire de L'épître aux Hébreaux [note: this is an extremely influential text!]; and David DeSilva's The Letter to the Hebrews in Social-Scientific Perspective, which I am currently reading. A book that I would like to get some day is Amy L. B. Peeler's You Are My Son: The Family of God in the Epistle to the Hebrews (currently 100 dollars on Amazon!)
As for articles (many of which are available for free online), I am having my student read the following:
1. George H. Guthrie, "Hebrews in Its First-Century Contexts: Recent Research," pages 414-443 in The Face of New Testament Studies: A Survey
of Recent Research (ed. Scot McKnight and Grant R. Osborne; Grand Rapids,
Mich.: Baker Academic, 2004)--this essay gives you a good grasp of the history of scholarship in Hebrews.
2. David Alan Black, "Literary
Artistry in the Epistle to the Hebrews, Filologia
Neotestamentaria 7 (1994) and David Alan Black,
"The Problem of the Literary Structure of Hebrews: An Evaluation and a
Proposal," Grace Theological Journal
7 (1986)
3. Harold W. Attridge, "'Let us Strive to
Enter That Rest': The Logic of Hebrews 4:1-11," Harvard Theological Review 73 (Jan-April 1980)
I felt those give my student a decent overview on the various issues involved in the study of the Epistle (and we have barely touched the warning passages yet! Speaking of which, you should be aware of the book Four Views on the Warning Passages of Hebrews, put out by Kregel and edited by Herbert Bateman IV).
This is barely scratching the surface of all the fantastic material out there on a fantastic epistle/homily! And, as a bonus, there's a brand new article coming out in the next JETS by Craig Allen Hill entitled "The Use of Perfection Language in Hebrews 5:14 and 6:1 and the Contextual Interpretation of 5:11-6:3." Looking forward to reading it.
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