Early Life
Jeffery Howard Hildebrand was born in Houston, Texas, in 1959. Growing up in Texas, he developed a strong connection to the energy sector. His father was a veterinarian, which instilled a strong work ethic. He received a Bachelor of Science in geology from the University of Texas at Austin in 1981, followed by a Master of Science in petroleum engineering in 1985 from the same university.
Rise to Success
Hildebrand worked for various companies, including Exxon, before founding Hilcorp Energy Company in 1989. He co-founded Hilcorp in 1990 and later bought out his partner in 2003. Hildebrand's strategy was to acquire mature, overlooked oil fields that other companies were unloading. He then implemented strategies to increase efficiency and production. Hilcorp has grown into one of the largest privately held oil and gas companies in the United States.
Key Business Strategies
Hilcorp's business model focused on acquiring existing oil fields and improving their output through innovative technologies and operational strategies. The company is also recognized for its unique corporate culture that heavily emphasizes employee empowerment and rewards. Hilcorp has been praised for its generous bonus programs, including a $100,000 bonus to every employee in 2015 and $75,000 bonuses with $25,000 in charitable donations in 2021.
Philanthropy
Jeffery Hildebrand and his wife, Melinda, are known for their philanthropy, particularly in the Houston area. The Hildebrand Foundation, established in 2002, supports faith-based organizations and has assets of approximately $123.8 million, distributing millions in grants. They have also made significant contributions to educational institutions, including over $100 million to the University of Texas at Austin. Hildebrand has donated to various Christian ministries, charities, and ministries.