Jeffery Hildebrand
Jeffery Hildebrand | |
|---|---|
 | |
| Born | 1959 (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 |
| Children | 3 |
Jeffery Hildebrand (born 1959) is an American billionaire businessman. He is the founder, chairman, and chief executive officer (CEO) of Hilcorp Energy Company.[1]
Education
[edit]Jeffery Hildebrand was born in Texas in 1959. His father was a veterinarian.[2]
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,[2] he obtained a master's degree in petroleum engineering in 1985 from the same university.[1][3] He is also recognized as a distinguished engineering graduate of the University of Texas at Austin's Cockrell School of Engineering.[4]
Career
[edit]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 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.[7][8] Hilcorp has the highest greenhouse gas emissions of any U.S. oil and gas company.[9]
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.[10][3][11][12] He is the 77th richest American citizen.[11] He was worth $1.9 billion in 2010.[12] His success has been attributed to his ability to recognize other companies’ underperforming assets and subsequently re-managing them.[2]
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.[13]
In August 2023, Governor Greg Abbott appointed Hildebrand as Chair of the Texas Parks and Wildlife Department Commission, effective August 31, 2023.[14]
Memberships
[edit]Hildebrand is a member of the following organizations.[4]
- Society of Petroleum Engineers
- American Association of Petroleum Geologists
- National Petroleum Council
Philanthropy and political contributions
[edit]Hildebrand has made charitable contributions to the Houston Zoo and the Contemporary Arts Museum Houston.[15] He was a major donor to Texas A&M's Hildebrand Equine Complex.[16]
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.[17]
Political contributions
[edit]Hildebrand donated $50,000 to Rick Perry during the 2010 Texas gubernatorial election.[18] Together with his spouse, Hildebrand contributed $1.2 million to Donald Trump's 2020 presidential campaign.[19]
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).[2]
Personal life
[edit]Hildebrand is married and has three children.[3] He and his wife are both practicing Catholics.[2] Hildebrand and his family live in Houston, Texas.[11] He also plays polo.[20]
References
[edit]- ^ a b c d "Hilcorp biography" (PDF). Archived from the original (PDF) on 26 October 2011. Retrieved 20 November 2017.
- ^ a b c d e Morenne, Benoît (2023-07-11). "How a Houston Oilman Confounded Climate Activists and Made Billions". The Wall Street Journal. Retrieved 2023-07-27.
- ^ a b c "Jeffery Hildebrand". Forbes. Retrieved 20 November 2017.
- ^ a b "Gov. Perry appoints Hildebrand, two others to University of Texas System Board of Regents". Chron. 2016-09-28. Retrieved 2021-10-18.
- ^ Pulsinelli, Olivia. "Houston energy company gives out $100,000 bonuses to all employees". bizjournals.com/houston. Houston Business Journal. Retrieved 11 December 2015.
- ^ "Jeffery Hildebrand". Forbes. 2019-08-14. Retrieved 2021-10-18.
- ^ "Company gives all employees $100K Christmas bonus". Ktvu.com. KTVU. Archived from the original on 11 December 2015. Retrieved 11 December 2015.
- ^ Mathews, Chris. "This Company Gave Every One of Its Employees a $100k Christmas Bonus". fortune.com. Fortune Magazine. Retrieved 11 December 2015.
- ^ 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.
- ^ "Jeffery Hildebrand". Forbes. Retrieved 2023-07-11.
- ^ a b c "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) - ^ a b Catherine Feser, 'Houston has a dozen on Forbes' richest Americans list', in Houston Chronicle, September 23, 2011 [1]
- ^ "These are the experts, leaders working with Gov. Abbott's strike force to reopen Texas". khou.com. 17 April 2020. Retrieved 2020-04-21.
- ^ "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.
- ^ Todd Ackerman, 'Houston looks for new generation of top givers', in Houston Chronicle, April 4, 2010 [2]
- ^ Hodge, Shelby (March 5, 2014). "Billionaire UT board member with Aggie ties gives millions to new equestrian center". CultureMap Houston. Retrieved August 22, 2016.
- ^ "Hildebrand Department of Petroleum and Geosystems Engineering Established With Gift from Family of Regent and Industry Leader". 7 November 2017. Retrieved 20 November 2017.
- ^ 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.
- ^ "Here Are The Billionaires Who Donated To Donald Trump's 2020 Presidential Campaign". Forbes. Retrieved 27 March 2024.
- ^ Webbe, Alex (August 18, 2016). "The Rocky Mountain Open has deep Colorado roots". Polozone.com. Retrieved August 22, 2016.