Hilcorp Energy Company has drilled 31 wells in 2026 year-to-date, with the majority of activity concentrated on the North Slope (24 wells in Beechey Point County) supported by a multi-rig program, while smaller, targeted programs span the Utica/Marcellus, Gulf Coast, San Juan Basin, and Rockies. Outside Alaska, activity is limited to 2 wells in Columbiana County (Utica/Marcellus), 3 wells across Terrebonne and Vermilion (Gulf Coast), and 1 well each in Rio Arriba (San Juan Basin) and Sweetwater (Green River Basin), each operated with a single dedicated rig.

The Texas Commission on Environmental Quality (TCEQ) has officially processed permit transfers from Apache Corporation to Hilcorp Energy Company, providing further confirmation of APA Corporation’s (Nasdaq: APA) previously announced sale of non-core Permian Basin assets for $950 million.

In a significant development in the Texas oil and gas sector, Hilcorp Energy Company has successfully acquired multiple facilities from Urban Oil & Gas Group, LLC. This transfer, regulated by the Texas Commission on Environmental Quality (TCEQ), underscores Hilcorp’s ongoing commitment to expanding its operations across the Lone Star State.