Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Hazloc Heaters
Copper Tip Energy Services
Vista Projects
Copper Tip Energy
Hazloc Heaters
Vista Projects


Generous Gesture: $75,000 Bonuses Are Headed Into the Pockets of Hilcorp Energy Workers


These translations are done via Google Translate
(Bloomberg)

Oil driller Hilcorp Energy Co. is lavishing $75,000 bonuses on employees as reward for reaching multi-year expansion and production goals.

Workers will receive another $25,000 to donate to charities of their choice, closely held Hilcorp said in a statement on Friday. The explorer controlled by billionaire Jeffrey Hildebrand employs about 3,000 people from Texas to Alaska and plans to pro-rate the payouts for anyone who’s been with the company less than six years.

GLJ
ROO.AI Oil and Gas Field Service Software

The reward comes just days after shale driller Devon Energy Corp. announced $10,000 bonuses amid a rebound in the industry’s fortunes following devastating back-to-back oil busts and a pandemic-driven collapse in energy demand.

Hilcorp veterans are no strangers to big rewards: employees received $100,000 bonuses in 2015 and a prior incentive program gave them the choice of a new car or cash.



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE