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Hilcorp says it 'contributes' $1 billion in taxes and royalties
Summary by Reporting From Alaska
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Hilcorp says it 'contributes' $1 billion in taxes and royalties
Hilcorp opposes the proposal that owner Texas billionaire Jeff Hildebrand be forced to start paying an oil tax that has always applied to ConocoPhillips and ExxonMobil.The proposal is “punitive” and aimed at Hilcorp and Hildebrand, according to one of Hildebrand’s Alaska executives. The state failed to amend the law when Hildebrand bought BP’s major Alaska holdings in 2019.There is nothing surprising and little that is new in this seven-page ple…
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