Hilcorp is an American privately held energy exploration and production company. The company was founded in 1989.[1] The company is headquartered in Texas,[2] with operations in nine different states.[3]
The company was co-founded by Jeffery Hildebrand in 1989. Hildebrand bought out his partner for sole ownership.[4] Hildebrand stepped down as CEO in 2018, promoting CEO Greg Lalicker to the position.[5]
Hilcorp is the largest privately held oil company in the US, by volume.[4]
The company's strategy is to acquire declining facilities and get more production out of them.[6] In 2020, the company bought BP's assets in Prudhoe Bay, Alaska, for $5.6 billion.[7] About half of BP's employees in Alaska transitioned with the takeover.[8] Exxon transferred operations in Point Thompson to Hilcorp in 2021 though it maintains a 60% ownership of the facilities.[9]
The company owns the largest share of the Trans-Alaska Pipeline System,[10] after purchasing BP's 49% stake in 2019.[11][12]
Hilcorp notably paid all of its employees a $100,000 bonus in 2016,[13] and paid a $75,000 bonus to every employee in 2021.[14]
^Blum, Jordan (2018-02-20). "Billionaire founder of Hilcorp hands off CEO job". Houston Chronicle. Retrieved 2023-02-27.
^Blackmon, David (2021-11-29). "How America's Biggest Privately Owned Oil Company Takes A Divergent Approach To The Energy Transition". forbes.com.
^Hanlon, Teagan (2020-06-30). "Hilcorp quietly takes over BP's stakes in Prudhoe Bay and other Alaska oil fields". alaskapublic.org. Alaska Public Media. Retrieved 2023-02-27.
^Hanlon, Teagan (2019-12-19). "About half of BP's Alaska employees have accepted a job with Hilcorp". alaskapublic.org. Alaska Public Media. Retrieved 2023-02-27.
^Ruskin, Liz. "Exxon transfers Point Thomson operations on Alaska's North Slope to Hilcorp". alaskapublic.org. Alaska Public Media.
^Hasemyer, David (2021-11-22). "Concerns Linger Over a Secretive Texas Company That Owns the Largest Share of the Trans-Alaska Pipeline". insideclimatenews.org.
^DeMarban, Alex (27 August 2019). "BP will sell all its Alaska assets to Hilcorp". Anchorage Daily News. Retrieved 11 January 2021.
^"State regulatory commission gives final approval for BP-Hilcorp deal". Alaska Public Media. 16 December 2020. Retrieved 11 January 2021.
^"Hilcorp Energy gives $100,000 bonus to all 1,381 employees". Fox News. 2016-05-03. Retrieved 2023-02-27.
^Wethe, David (2021-12-10). "Hilcorp employees in line for $75,000 bonuses after meeting multi-year goals". worldoil.com.
Hilcorp is an American privately held energy exploration and production company. The company was founded in 1989. The company is headquartered in Texas...
businessman. He is the founder, chairman, and chief executive officer (CEO) of Hilcorp Energy Company. Jeffery Hildebrand was born in Texas in 1959. His father...
be selling its shares in Alyeska to Houston-based Hilcorp. The major owner of the company is Hilcorp with 46.93% of the shares dating from the acquisition...
ConocoPhillips until August 2019; when BP sold all its Alaska assets to Hilcorp. The field is located 400 miles (640 km) north of Fairbanks and 650 miles...
occupied. During that year Hilcorp Energy Company signed a lease to stay in the building and increase its space. Hilcorp previously leased around 72...
Resources - Appalachia LLC Pending PA 2014 Chito v. Hilcorp Energy Company Dismissed PA 2015 Dubrasky v. Hilcorp Energy Company Closed PA 2015 Baumgardner v....
operations and interests, including interests in Prudhoe Bay Oil Field, to Hilcorp for $5.6 billion. On 14 December 2020, it sold its 49% stake in the Trans-Alaska...
States (PDF). Clean Air Task Force. Clifford, Catherine (14 July 2022). "Hilcorp Energy, Exxon Mobil and ConocoPhillips release the most greenhouse gasses...
built in 1987 by Alaska Interstate Construction and is used by BP and Hilcorp Alaska for petroleum production. Endicott Island has a permanent causeway...
Texas. March 4, 2001. Retrieved on April 5, 2010. Dawson, Jennifer. "Hilcorp increases downtown presence." Houston Business Journal. Thursday June 22...
Authority in 2021 in obtaining $848 million in bond financing. Defended Hilcorp. Energy Co. in a federal class action royalty dispute accusing the E&P...
Company, 1926–1954 Jeffery Hildebrand (Omicron) – founder, chairman, and CEO Hilcorp Energy Company John Fishwick (Beta Rho) – American railroad executive and...
was more than 120 million. Today, the project is 98.08 percent owned by Hilcorp Alaska, LLC. The remaining 1.92 percent is controlled by Murphy Oil Co...
Archived from the original on December 3, 2007. Retrieved July 29, 2008. "Hilcorp biography" (PDF). Archived from the original (PDF) on October 26, 2011...
Wednesday March 8, 2006. Retrieved on April 5, 2010. Dawson, Jennifer. "Hilcorp increases downtown presence." Houston Business Journal. Thursday June 22...
operated by Cook Inlet Pipeline Company, a Houston-based corporation owned by Hilcorp. Oil is collected into the tanks via the submerged Cook Inlet Pipeline...
gov. Retrieved December 10, 2019. Carpenter, Dan. "Investigation finds Hilcorp gas leak poses risks & started earlier than first reported". Archived from...
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