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Big Oil Sells Wells in Exchange for ESG Points: Texan Buys Them All, Makes Billions

A Texas businessman scored big -- billions of dollars big -- by buying aging oil wells with low environmental impact scores. From 2020 to 2023, Hilcorp Energy CEO Jeffrey Hildebrand's net worth rose by an astonishing $8 billion, according to Forbes. Going forward, Hilcorp aims to increase its oil production...

A Texas businessman scored big — billions of dollars big — by buying aging oil wells with low environmental impact scores. From 2020 to 2023, Hilcorp Energy CEO Jeffrey Hildebrand’s net worth rose by an astonishing $8 billion, according to Forbes. Going forward, Hilcorp aims to increase its oil production…

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