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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]
Hildebrand worked for the American Energy Capital Corporation, the Dan A. Hughes Company, and Exxon Company, until he founded Hilcorp Energy Company, an oil and gas exploration and production company. [1] [5] He co-founded Hilcorp in 1990 and later bought out his partner for $500 million in 2003. [6] His company has been ranked on Fortune ...
The major owner of the company is Hilcorp with 46.93% of the shares dating from the acquisition of BP.The other group members are ConocoPhillips Transportation (shares formerly owned by ARCO and acquired by Phillips during its acquisition of ARCO Alaska as part of the settlement between BP and the FTC [4]) (28.29%), ExxonMobil (20.34%), Koch Alaska Pipeline Company (3.08%), and Unocal (1.36%).
Proceeds of the proposed offering will be used to fund the partial redemption of HEI's 2024 and 2025 unsecured notes, and to repay borrowings outstanding under the company's revolving credit facility.
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Just two weeks ago, private equity powerhouse Kohlberg Kravis Roberts & Co got a hefty return on East Resources, a natural gas exploration and development operator. The company sold out to Royal ...
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In October 2018, Energy Transfer Equity completed its acquisition of Energy Transfer Partners, simplifying the partnership as one operating entity known as Energy Transfer LP. [14] In September 2019, the company acquired SemGroup for $5 billion. [15] In January 2020, former Energy Secretary Rick Perry rejoined the company's board. [16]