Lake Washington - Hilcorp

Company Overview

Hilcorp is a privately held exploration and production company based in Houston, Texas, founded in 1989. It is one of the largest privately owned oil and natural gas producers in the United States.

Operational Areas

Hilcorp operates in several states including Alabama, Alaska, Colorado, Louisiana, New Mexico, Ohio, Pennsylvania, Texas, and Wyoming.

Alaska Operations

In Alaska, Hilcorp is the largest oil and gas operator and the largest natural gas producer. They expanded to Prudhoe Bay on the North Slope in 2020. In Cook Inlet, Hilcorp owns and manages several oil platforms, some of which have been dormant for decades. Despite this, the company has plans to repurpose this infrastructure for potential uses such as wind and tidal power, carbon storage, or marine mammal research.

Business Model

Hilcorp specializes in managing and reviving "mature" oil fields, often taking over assets from larger, more bureaucratic oil companies. They are known for their lean and efficient operations, which have allowed them to extract more value from aging infrastructure.

Community Involvement

Hilcorp is involved in community giving, with significant contributions in various regions where they operate. For example, since 2020, they have given over $17.5 million in Alaska, $3.3 million in Louisiana, and other substantial amounts in their other operational areas.

Regulatory and Environmental Aspects

Hilcorp has faced scrutiny from regulators and watchdog groups regarding the maintenance and decommissioning of their older assets. In Alaska, there are ongoing discussions about the decommissioning of old platforms, with Hilcorp required to make decisions on alternative uses or decommissioning plans within specific timelines.

Given that there is no specific information on a "Lake Washington - Hilcorp oil project," it appears this project may not exist or is not publicly documented in the provided sources. If you are looking for information on a specific project, it might be necessary to contact Hilcorp directly or check more specialized industry reports.