Company type | Private |
---|---|
Industry | |
Founded | 1989Texas | in
Founders |
|
Headquarters | , US |
Area served | United States |
Key people |
|
Number of employees | 3200 [1] |
Website | hilcorp.com |
Founded in 1989, Hilcorp is an American privately-held energy exploration and production company. [2] [1] The company is headquartered in Texas, [3] with operations in nine different states. [4] It has 3200 employees world-wide, and 1500 in Alaska. [1]
The company was co-founded by Jeffery Hildebrand in 1989. [1] Hildebrand bought out his partner for sole ownership. [5] Hildebrand stepped down as CEO in 2018, promoting CEO Greg Lalicker to the position. [6] Luke Saugier is the senior vice-president of operations in Alaska. [1]
Hilcorp is the largest privately held oil company in the US, by volume. [5]
The company's strategy is to acquire declining facilities and get more production out of them. [7] In 2020, the company bought BP's assets in Prudhoe Bay, Alaska, for $5.6 billion. [8] About half of BP's employees in Alaska transitioned with the takeover. [9] Exxon transferred operations in Point Thompson to Hilcorp in 2021 though it maintains a 60% ownership of the facilities. [10]
The company owns the largest share of the Trans-Alaska Pipeline System, [11] after purchasing BP's 49% stake in 2019. [12] [13]
Hilcorp notably paid all of its employees a $100,000 bonus in 2016, [14] and paid a $75,000 bonus to every employee in 2021. [15]
Hilcorp is the largest methane emitter in the US oil and gas industry, [16] emitting more than 140,000 metric tonnes of methane. [17]
The Pennsylvania Department of Environmental Protection claimed in 2017 that Hilcorp's fracking operations in the state caused a chain of earthquakes in the prior year. [18]
In April 2021, the Pipeline and Hazardous Materials Safety Administration ordered the company to repair and replace an under-sea section of the pipeline in the Cook Inlet. [19] [20]
Company type | Private |
---|---|
Industry | |
Founded | 1989Texas | in
Founders |
|
Headquarters | , US |
Area served | United States |
Key people |
|
Number of employees | 3200 [1] |
Website | hilcorp.com |
Founded in 1989, Hilcorp is an American privately-held energy exploration and production company. [2] [1] The company is headquartered in Texas, [3] with operations in nine different states. [4] It has 3200 employees world-wide, and 1500 in Alaska. [1]
The company was co-founded by Jeffery Hildebrand in 1989. [1] Hildebrand bought out his partner for sole ownership. [5] Hildebrand stepped down as CEO in 2018, promoting CEO Greg Lalicker to the position. [6] Luke Saugier is the senior vice-president of operations in Alaska. [1]
Hilcorp is the largest privately held oil company in the US, by volume. [5]
The company's strategy is to acquire declining facilities and get more production out of them. [7] In 2020, the company bought BP's assets in Prudhoe Bay, Alaska, for $5.6 billion. [8] About half of BP's employees in Alaska transitioned with the takeover. [9] Exxon transferred operations in Point Thompson to Hilcorp in 2021 though it maintains a 60% ownership of the facilities. [10]
The company owns the largest share of the Trans-Alaska Pipeline System, [11] after purchasing BP's 49% stake in 2019. [12] [13]
Hilcorp notably paid all of its employees a $100,000 bonus in 2016, [14] and paid a $75,000 bonus to every employee in 2021. [15]
Hilcorp is the largest methane emitter in the US oil and gas industry, [16] emitting more than 140,000 metric tonnes of methane. [17]
The Pennsylvania Department of Environmental Protection claimed in 2017 that Hilcorp's fracking operations in the state caused a chain of earthquakes in the prior year. [18]
In April 2021, the Pipeline and Hazardous Materials Safety Administration ordered the company to repair and replace an under-sea section of the pipeline in the Cook Inlet. [19] [20]