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Hilcorp Alaska, LLC Ready for Business in the Cook Inlet

Company welcomes over 230 new Alaskan employees

Anchorage, Alaska - January 4, 2012 - As previously announced, Hilcorp Alaska, LLC (Hilcorp) has completed the acquisition of oil and gas assets in the Cook Inlet from Chevron’s wholly owned indirect subsidiary, Union Oil Company of California. 

In connection with the sale, Hilcorp welcomes over 230 new Alaskan employees to the company and recognizes the skills and experience they bring to the company.  Hilcorp would like to acknowledge the effort put forth by Chevron employees as well as the state and federal agencies that assisted in the regulatory approval process for the sale.  Hilcorp’s focus is to continue to develop and produce Cook Inlet’s resources in a safe and environmentally sound manner that will provide benefits for the company, its employees and the State of Alaska.

Hilcorp Alaska, LLC’s indirect parent company, Hilcorp Energy Company, is one of the largest privately-held independent oil and natural gas exploration and production companies in the United States. Headquartered in Houston, Texas, and founded in 1989, Hilcorp has 700 employees in the Lower 48 and nine operating areas including the Texas/Louisiana Gulf Coast region, the Gulf of Mexico, and the Rockies. Hilcorp continues to grow by actively acquiring and developing conventional assets while expanding its footprint into a number of new resource plays.

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