Hilcorp Energy Company

Hilcorp Energy Company, founded in 1989 by Jeffery Hildebrand, is a privately held oil and natural gas exploration and production company headquartered in Houston, Texas.

Over the years, Hilcorp has grown to become one of the largest privately held energy companies in the United States, employing approximately 3,200 professionals across various locations.

The company's primary focus is on acquiring and revitalizing mature oil and gas fields that have been abandoned or underdeveloped by other operators.

By leveraging advanced technologies and innovative extraction methods, Hilcorp has successfully increased production from these assets, contributing significantly to the nation's energy supply.

Their operations span several key regions:

• Gulf Coast
• Northeast United States
• Rocky Mountains
• San Juan Basin
• Alaska's North Slope and Cook Inlet

Key Acquisitions

In 2020, Hilcorp expanded its presence in Alaska by acquiring BP's assets in Prudhoe Bay for $5.6 billion.

This strategic acquisition included a substantial portion of BP's operations in the region, further solidifying Hilcorp's position as a major player in Alaska's oil and gas industry.

Hilcorp's growth strategy also involves the acquisition of assets from other major energy corporations.

In June 2024, Hilcorp agreed to purchase Eni's Nikaitchuq and Oooguruk offshore assets in Alaska, aligning with Eni's strategy to rationalize its upstream operations.

Later, in November 2024, Hilcorp acquired conventional oil drilling assets in the Permian Basin from Exxon Mobil Corp for approximately $1 billion, focusing on conventional vertical wells.

Operational Commitment

Hilcorp's commitment to operational excellence is evident in its dedication to safety, environmental protection, and efficient production.

The company has been recognized for its unique programs that foster charitable giving by its employees and its emphasis on partnering with the communities in which it operates.

Company Locations

As of August 2025, Hilcorp operates in multiple states across the U.S., including:

• Texas
• Louisiana
• New Mexico
• Ohio
• Pennsylvania
• Wyoming
• Alaska (Anchorage, AK)

The company's headquarters are located at 1111 Travis St, Houston, TX 77002.

In Alaska, Hilcorp's office is situated at 3800 Centerpoint Dr #1400, Anchorage, AK 99503.

Industry Impact

Hilcorp's strategic acquisitions, operational expertise, and commitment to community engagement have established it as a leading entity in the U.S. energy sector.

The company continually contributes to the nation's energy needs through responsible and innovative practices.