Hilcorp Energy Ownership and Control
Hilcorp Energy is a privately held oil and gas company headquartered in Houston, Texas. The company is controlled by its founder and chairman, Jeffery Hildebrand, who owns a majority stake in Hilcorp. The company operates as a leading independent energy firm focused on acquiring and developing mature oil and gas basins across the United States and parts of Alaska Forbes.
Hilcorp does not trade on public stock exchanges, so detailed ownership breakdowns are not required through regular SEC filings. However, industry reports and regulatory filings related to its major projects show that Jeffery Hildebrand remains the principal owner and decision-maker. The company has grown through aggressive acquisitions of legacy assets from larger operators.
Hilcorp Leadership and Executive Team
Jeffery Hildebrand, Founder and Chairman
Jeffery Hildebrand founded Hilcorp Energy in 1990 and has led the company since its inception. He previously co-founded Hiland Partners, a private investment firm, before focusing on oil and gas acquisitions. Hildebrand is known for a hands-on management style and a strategy of buying distressed or undervalued assets SEC.
Gregory P. Leveille, President and CEO
Gregory P. Leveille serves as President and CEO of Hilcorp Energy, overseeing daily operations and strategic growth. He has held multiple leadership roles within the company and brings extensive experience in upstream oil and gas management. The executive team operates out of Houston, with regional offices supporting operations in Alaska and the Gulf of Mexico.
Hilcorp Operations and Major Assets
Alaska Operations and the Pikka Development
Hilcorp is one of the largest privately held oil producers in Alaska. The company operates the Pikka oil development on the Alaska North Slope, which began production in 2017. Hilcorp has invested heavily in expanding the Pikka field and connected it to the trans-Alaska pipeline system SEC.
Gulf of Mexico and U.S. Onshore Portfolio
In the Gulf of Mexico, Hilcorp operates multiple offshore platforms and has become a major leaseholder in federal waters. The company also holds significant onshore assets in Texas, Louisiana, and other shale basins. Hilcorp's acquisition strategy has focused on legacy fields with remaining reserves that can be developed using modern techniques.
Recent Growth and Acquisitions
Hilcorp has completed several large acquisitions in recent years, including the purchase of BP's Alaska interests in 2020. The company has continued to expand its portfolio through targeted buys in mature basins, emphasizing operational efficiency and low-cost production Forbes.