Hilcorp is an American privately held energy exploration and production company. The company was founded in 1989. The company is headquartered in Texas, with operations in nine different states. The company was co-founded by Jeffery Hildebrand in 1989. Hildebrand bought out his partner for sole ownership. Hildebrand stepped down as CEO in 2018, promoting CEO Greg Lalicker to the position. Hilcorp is the largest privately held oil company in the US, by volume. The company's strategy is to acquire declining facilities and get more production out of them. In 2020, the company bought BP's assets in Prudhoe Bay, Alaska, for $5.6 billion. About half of BP's employees in Alaska transitioned with the takeover. Exxon transferred operations in Point Thompson to Hilcorp in 2021 though it maintains a 60% ownership of the facilities. More information...
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