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 early in his life. His father was a veterinarian. Hildebrand attended the University of Texas at Austin, earning a bachelor's degree in geology in 1981 and a master's degree in petroleum engineering in 1985. This educational background provided a solid foundation for his career in the oil and gas industry.
Rise to Success
Hildebrand's career began with work as a geologist for several energy companies. His breakthrough came in 1989 when he founded Hilcorp Energy Company. Under his leadership, Hilcorp rapidly grew to become one of the largest privately-held energy exploration and production companies in the United States. Hildebrand's business acumen and innovative strategies were pivotal in Hilcorp's success.
Key Business Strategies
Hilcorp's strategy involves acquiring underperforming assets and revitalizing them through efficient management. The company has expanded through significant acquisitions, including the purchase of BP's Alaska assets in 2020 for $5.6 billion. Hilcorp's focus on operational excellence and a strong company culture contributed to its recognition as a top workplace by Fortune Magazine multiple times.
Philanthropy
Jeffery Hildebrand and his wife, Melinda, are known for their philanthropic endeavors, focusing on education, healthcare, and community development. They have made substantial donations to various institutions, including the Houston Zoo, the Contemporary Arts Museum Houston, and the University of Texas at Austin, where a department was named in his honor. The Hildebrand Foundation, led by Jeffery and Melinda Hildebrand, manages assets and supports initiatives across multiple states.