Jeffery Hildebrand

Last updated
Jeffery Hildebrand
Jeffery Hildebrand.jpg
Born1959 (age 64–65)
Texas, United States
Alma mater University of Texas at Austin (B.S., M.S.)
Occupation(s)Founder, chairman and CEO, Hilcorp Energy Company
Children3

Jeffery Hildebrand (born 1959) is an American billionaire businessman. He is the founder, chairman, and chief executive officer (CEO) of Hilcorp Energy Company. [1]

Contents

As per Forbes list of The Richest People In The World, dated 8 MARCH 2024 Jeffrey Hildebrand Jobs ranked #156 with a net worth of $12.6 Billion. [2]

Education

Jeffery Hildebrand was born in Texas in 1959. His father was a veterinarian. [3]

Hildebrand received a bachelor's degree in geology from the University of Texas at Austin in 1981. After working briefly at Exxon as a geologist, [3] he obtained a master's degree in petroleum engineering in 1985 from the same university. [1] [4] He is also recognized as a distinguished engineering graduate of the University of Texas at Austin's Cockrell School of Engineering. [5]

Career

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] [6] He co-founded Hilcorp in 1990 and later bought out his partner for $500 million in 2003. [7] His company has been ranked on Fortune Magazine's 100 Best Companies to Work For list in 2013, 2014 and 2015. In December 2015, his company gave all 1,380 employees a $100,000 Christmas bonus. [8] [9] Hilcorp has the highest greenhouse gas emissions of any U.S. oil and gas company. [10]

Hildebrand is a member of the All American Wildcatters, the National Petroleum Council, the Engineering Advisory Board at University of Texas at Austin, the Independent Petroleum Association of America, the Houston Energy Finance Group, the American Association of Petroleum Geologists, the Society of Petroleum Engineers, the Houston Geological Society, the Texas Independent Petroleum Royalty Owners Association, and the Louisiana Independent Oil and Gas Association. [1]

According to Forbes, Hildebrand is worth US$10.2 billion as of July 2023. [11] [4] [12] [13] He is the 77th richest American citizen. [12] He was worth $1.9 billion in 2010. [13] His success has been attributed to his ability to recognize other companies’ underperforming assets and subsequently re-managing them. [3]

In April 2020, Governor Greg Abbott named Hildebrand to the Strike Force to Open Texas – a group "tasked with finding safe and effective ways to slowly reopen the state" amid the COVID-19 pandemic. [14]

In August 2023, Governor Greg Abbott appointed Hildebrand as Chair of the Texas Parks and Wildlife Department Commission, effective August 31, 2023. [15]

Memberships

Hildebrand is a member of the following organizations. [5]

Philanthropy and political contributions

Hildebrand has made charitable contributions to the Houston Zoo and the Contemporary Arts Museum Houston. [16] He was a major donor to Texas A&M's Hildebrand Equine Complex. [17]

In November 2017, Hildebrand donated $25 million to the Department of Petroleum and Geosystems Engineering at the University of Texas at Austin. In recognition, the university plans to name the department the Hildebrand Department of Petroleum and Geosystems Engineering. [18]

Political contributions

Hildebrand donated $50,000 to Rick Perry during the 2010 Texas gubernatorial election. [19] Together with his spouse, Hildebrand contributed $1.2 million to Donald Trump's 2020 presidential campaign. [20]

A devout Catholic, Hildebrand has contributed millions of dollars to various Christian organizations, charities, and ministries. As a result, Hildebrand often references a favorite Bible verse, "To whom much is given, much will be required" (Luke 12:48). [3]

Personal life

Hildebrand is married and has three children. [4] He and his wife are both practicing Catholics. [3] Hildebrand and his family live in Houston, Texas. [12] He also plays polo. [21]

Related Research Articles

Robert B. Rowling is an American billionaire businessman, and the Founder of TRT Holdings, the holding company of Omni Hotels.

<span class="mw-page-title-main">Marathon Petroleum</span> American petroleum refining, marketing, and transportation company

Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.

<span class="mw-page-title-main">Dan Duncan</span> American businessman

Dan L. Duncan was an American entrepreneur born in Center, Texas. He was the co-founder, chairman and majority shareholder of Enterprise Products.

<span class="mw-page-title-main">APA Corporation</span> American energy company

APA Corporation is the holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. The company is ranked 431st on the Fortune 500.

<span class="mw-page-title-main">Economy of Houston</span>

The economy ofHouston is based primarily on the energy industry, particularly oil. However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. The Houston metropolitan area comprises the largest concentration of petrochemical manufacturing in the world, including for synthetic rubber, insecticides, and fertilizers. It is the world's leading center for oilfield equipment construction, with the city of Houston home to more than 3,000 energy-related businesses, including many of the top oil and gas exploration and production firms and petroleum pipeline operators. As of 2011, 23 companies on the Fortune 500 list have their headquarters in, or around, Houston.

<span class="mw-page-title-main">Big Oil</span> Largest publicly traded oil and gas companies, also known as supermajors

Big Oil is a name sometimes used to describe the world's six or seven largest publicly traded and investor-owned oil and gas companies, also known as supermajors. The term, particularly in the United States, emphasizes their economic power and influence on politics. Big Oil is often associated with the fossil fuels lobby and also used to refer to the industry as a whole in a pejorative or derogatory manner.

<span class="mw-page-title-main">Richard Kinder</span> American billionaire businessman (born 1944)

Richard D. Kinder is an American businessman. He is the co-founder and executive chairman of Kinder Morgan Inc., an energy and pipeline corporation.

<span class="mw-page-title-main">XTO Energy</span> American energy company, principally operating in North America

XTO Energy Inc. is an American energy company and subsidiary of ExxonMobil principally operating in North America. Acquired by ExxonMobil in 2010 and based out of Spring, Texas, it is involved with the production, processing, transportation, and development of oil and natural gas resources. The company specializes in developing shale gas via unconventional means like hydraulic fracturing and horizontal drilling.

Prudhoe Bay Oil Field is a large oil field on Alaska's North Slope. It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally contained approximately 25 billion barrels (4.0×109 m3) of oil. The amount of recoverable oil in the field is more than double that of the next largest field in the United States by acreage (the East Texas Oil Field), while the largest by reserves is the Permian Basin (North America). The field was operated by BP; partners were ExxonMobil and ConocoPhillips until August 2019; when BP sold all its Alaska assets to Hilcorp.

<span class="mw-page-title-main">Coastal Corporation</span> Defunct American energy corporation

Coastal Corporation was a diversified energy and petroleum products company headquartered at 9 Greenway Plaza in Greenway Plaza, Houston, Texas. The company was founded in 1955 by Oscar Wyatt and incorporated in 1955 as Coastal States Gas Producing Company. It merged with the El Paso Corporation in 2001. As of 1999, Coastal was a Fortune 500 company with 13,300 employees and annual revenues of $8.2 billion.

Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. In May 2024, the company was acquired by ExxonMobil.

<span class="mw-page-title-main">Total Plaza</span> Skyscraper in downtown Houston Texas

Total Plaza is a tower in Downtown Houston, Texas, one block from the Allen Center complex. The building, managed by Brookfield Properties, opened in 1971. The 35-story building, designed by the architect Lloyd, Morgan & Jones, was renovated in 1981 and 1996, and features a mirror-finished reflective glass on its exterior. Each floor has about 24,000 sq ft (2,200 m2), with a total of 847,200 sq ft (78,710 m2). The building is named after its major tenant, Total Petrochemicals USA, a subsidiary of TotalEnergies SE. The complex was formerly the headquarters of the Metropolitan Transit Authority of Harris County (METRO).

<span class="mw-page-title-main">Harold Hamm</span> American businessman (born 1945)

Harold Glenn Hamm is an American business magnate in the oil and gas business. He is known for pioneering fracking of shale oil resources. As of February 4, 2022, Hamm's net worth is estimated to be US$18.5 billion, making him the 63rd wealthiest person in the world. He is the founder and chairman of Continental Resources.

<span class="mw-page-title-main">Kelcy Warren</span> American businessman (born 1955)

Kelcy Lee Warren is an American billionaire and the chairman and chief executive officer of Energy Transfer Partners.

George H. Bishop is an American billionaire businessman. He is the founder and chief executive officer of GeoSouthern Energy, a petroleum and natural gas exploration company. In 2017, he was ranked #324 on the Forbes 400 list of the richest Americans and was ranked #814 on the list of the world's billionaires with a net worth of US$2.5 billion.

Scott Douglas Sheffield is an American businessman in the oil and gas industry. He is best known as the founder and former chief executive officer (CEO) of Pioneer Natural Resources.

<span class="mw-page-title-main">Edwin J. Hess</span> American business executive (born 1933)

Edwin J. Hess is an American businessman, Senior Vice President, and Management Committee Member at Exxon from 1993 to 1998. He had previously been the Vice President of Environment and Safety since 1990 and joined the company in 1957.

Founded in 1989, Hilcorp is an American privately-held energy exploration and production company. The company is headquartered in Texas, with operations in nine different states. It has 3200 employees world-wide, and 1500 in Alaska.

Autry Carl Stephens was an American billionaire businessman, investor, and philanthropist who is best known for founding Endeavor Energy Resources based in Midland, Texas in 1979. In February 2024, it was announced that the company would be sold to Diamondback Energy for $26 billion, which ultimately put Stephens on the Forbes 400 list (2023).

Meg O'Neill is an American business executive and the current chief executive officer (CEO) and managing director of Woodside Energy, Australia's largest oil and gas company.

References

  1. 1 2 3 4 "Hilcorp biography" (PDF). Archived from the original (PDF) on 26 October 2011. Retrieved 20 November 2017.
  2. ↑ "The Richest People In The World".
  3. 1 2 3 4 5 Morenne, Benoît (2023-07-11). "How a Houston Oilman Confounded Climate Activists and Made Billions". The Wall Street Journal . Retrieved 2023-07-27.
  4. 1 2 3 "Jeffery Hildebrand". Forbes . Retrieved 20 November 2017.
  5. 1 2 "Gov. Perry appoints Hildebrand, two others to University of Texas System Board of Regents". Chron. 2016-09-28. Retrieved 2021-10-18.
  6. ↑ Pulsinelli, Olivia. "Houston energy company gives out $100,000 bonuses to all employees". bizjournals.com/houston. Houston Business Journal. Retrieved 11 December 2015.
  7. ↑ "Jeffery Hildebrand". Forbes. 2019-08-14. Retrieved 2021-10-18.
  8. ↑ "Company gives all employees $100K Christmas bonus". Ktvu.com. KTVU. Archived from the original on 11 December 2015. Retrieved 11 December 2015.
  9. ↑ Mathews, Chris. "This Company Gave Every One of Its Employees a $100k Christmas Bonus". fortune.com. Fortune Magazine. Retrieved 11 December 2015.
  10. ↑ Clifford, Catherine (2022-07-14). "Hilcorp Energy, Exxon Mobil and ConocoPhillips release the most greenhouse gasses among U.S. oil and gas companies". CNBC. Retrieved 2024-10-30.
  11. ↑ "Jeffery Hildebrand". Forbes. Retrieved 2023-07-11.
  12. 1 2 3 "The Richest People In America: #59Jeffrey Hildebrand". Forbes. 2013. Archived from the original on January 23, 2013. Retrieved August 22, 2016.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  13. 1 2 Catherine Feser, 'Houston has a dozen on Forbes' richest Americans list', in Houston Chronicle , September 23, 2011
  14. ↑ "These are the experts, leaders working with Gov. Abbott's strike force to reopen Texas". khou.com. 17 April 2020. Retrieved 2020-04-21.
  15. ↑ "News Release: Aug. 24, 2023: Governor Names Jeff Hildebrand as Chairman, Appoints William Doggett to TPW Commission". Texas Parks and Wildlife. Retrieved 2024-03-04.
  16. ↑ Todd Ackerman, 'Houston looks for new generation of top givers', in Houston Chronicle, April 4, 2010
  17. ↑ Hodge, Shelby (March 5, 2014). "Billionaire UT board member with Aggie ties gives millions to new equestrian center". CultureMap Houston. Retrieved August 22, 2016.
  18. ↑ "Hildebrand Department of Petroleum and Geosystems Engineering Established With Gift from Family of Regent and Industry Leader". 7 November 2017. Retrieved 20 November 2017.
  19. ↑ Hoppe, Christy (26 February 2010). "Documents show relatively few donors loaded Gov. Rick Perry's campaign 'Money Cannon'". The Dallas Morning News. Retrieved 27 March 2024.
  20. ↑ "Here Are The Billionaires Who Donated To Donald Trump's 2020 Presidential Campaign". Forbes. Retrieved 27 March 2024.
  21. ↑ Webbe, Alex (August 18, 2016). "The Rocky Mountain Open has deep Colorado roots". Polozone.com. Retrieved August 22, 2016.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.