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February 2018

Vol. 23, No.8 Week of February 25, 2018

Lalicker takes over as CEO at Hilcorp

Kristen Nelson

Petroleum News

Greg Lalicker of Hilcorp Energy has taken over from founder Jeffrey Hildebrand as chief executive officer of the company, the Houston Chronicle is reporting.

A statement from Justin Furnace, the company’s corporate director of external affairs, provided some details.

“It was announced internally in November 2017 that Greg Lalicker would be assuming the role of Chief Executive Officer at Hilcorp,” he said.

“The organizational change comes as the company, a longtime producer in Alaska, Texas and Louisiana, continues to see substantial growth in other legacy assets across the United States.”

Furnace said Jason Rebrook would take over from Lalicker as president, allowing “Hilcorp to focus simultaneously on current asset development and potential future growth.”

“Mr. Hildebrand will maintain his position as Executive Chairman and continue to be heavily involved with the company.”

Hildebrand, a University of Texas graduate with geology and petroleum engineering degrees, founded Hilcorp 1989 after working for other companies, among them Exxon Mobil Corp.

The company came to Alaska in 2011 when it bought out Union Oil Company of California and Chevron assets in Cook Inlet. At that time, Hilcorp’s website included some company history, which described the company’s beginnings “as the proverbial ‘three guys and a telephone’ trying to make a living in the oil and gas business.”

By 2011, the company had grown to become one of the largest privately held exploration and production companies in the U.S.

Lalicker, who has been with Hilcorp 12 years, is a University of Tulsa petroleum engineering graduate who also holds degrees in law and business. He worked at Australia’s BHP Billiton and at McKinsey & Co. before joining Hilcorp in 2006 as executive vice president responsible for exploration and production.

Lalicker has most recently been president of Hilcorp and has been the face of the company in Alaska, coming north to speak to local business groups and at conferences.

- KRISTEN NELSON






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