Hillwood Energy

What Hillwood Energy does

Hillwood Energy is a privately held, family-owned oil and gas operating and investment company headquartered in Fort Worth, Texas. The entity operates through its legal name Hillwood Oil & Gas Operating Company, LP and is controlled by the Perot family, with Ross Perot Jr. as Chairman and Hill Perot as Vice Chairman. Its stated mandate is identifying and capitalizing on growth opportunities in the Lower 48, with the family's broader energy track record including the launch and sale of Barnett operations in North Texas, the anchor investment in Merit Energy, and an international project reaching production of over 70,000 barrels per day.

The company's activities center on direct upstream oil and gas operations across the Lower 48. It maintains a full operating capability spanning subsurface (reservoir engineering, geoscience), land, engineering, finance, tax, legal, and government affairs functions. A dedicated Interest Owner Relations office at 421 West 3rd Street, Suite 250, Fort Worth, manages royalty owner relationships including payments, address changes, estate handling, and 1099 tax form distribution. There are no software products, APIs, or technology platforms offered; the business is a traditional energy sector operator.

Hillwood Energy is privately held with no institutional investors or public shareholders disclosed. Revenue is generated from oil and gas production activities, with no public pricing or contract terms disclosed. The firm has roughly 12 employees per firmographic data (though the team page lists approximately 35 personnel). Its distribution is direct B2B through company-operated production, with corporate communications limited to a LinkedIn page. Leadership includes CEO Russell Freeman, President Mark Rollins, CFO Steve Berger, and General Counsel Shelby Bush.

Name

Hillwood Energy

Legal name

Hillwood Oil & Gas Operating Company, LP

Website

https://hillwoodenergy.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Hillwood Energy is a privately held, Perot-family-controlled oil and gas operating and investment company focused on domestic Lower 48 upstream production, with a dedicated royalty owner relations function headquartered in Fort Worth, Texas.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Operations

NAICS

Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

• Upstream oil gas
• Onshore exploration production
• Mineral rights management
• Reservoir engineering services
• Energy investment operations

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Oil and Gas Production: Revenue generated from domestic oil and gas production operations across the Lower 48, with international operations reaching production over 70,000 barrels per day.

Distribution channels1 record

Marketing channels1 record

Core offering

Hillwood Energy is a premier oil and gas operating and investment company focused on domestic opportunities in the U.S. Lower 48. The Perot family's 20-plus-year track record includes the launch and sale of Barnett operations in North Texas, an anchor investment in Merit Energy, and affiliated international operations reaching production over 70,000 bbl/d. The company also administers royalty and mineral interest owner relations through its Fort Worth Interest Owner Relations office.

Product overview

Hillwood Energy is a premier oil and gas operating and investment company focused on domestic opportunities in the Lower 48. The company does not appear to offer distinct software products, platforms, or modules — it is a traditional energy sector operating company. Its primary activities involve identifying and capitalizing on growth opportunities in oil and gas production, with operations reaching production levels over 70,000 bbl/d, and managing royalty owner relationships.

Differentiator

Problem solved

Functional benefit

Products and services

• Lower 48 Oil and Gas Production Operations Upstream oil and gas operating and investment activity focused on domestic Lower 48 opportunities, leveraging a unified team with subsurface, engineering, land, and finance expertise; affiliated international operations have reached production above 70,000 barrels per day.
• Interest Owner Relations / Royalty Administration Administrative service for mineral and royalty interest owners, including revenue check inquiries, address changes, suspense account management, 1099 tax form distribution, property interest transfers, and estate/probate handling; intake is by mail, email ([email protected]), or phone (817-224-6349).

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• EOG Resources: Large public Lower 48-focused independent oil and gas producer. Comparable as a domestic upstream operator with a similar premium-returns focus, though considerably larger and publicly traded.
• Diamondback Energy: Public Permian-focused independent operator actively consolidating Lower 48 assets. Comparable as a domestic upstream operator; potential strategic acquirer profile for Hillwood's portfolio.
• Continental Resources: Public Lower 48 operator historically focused on the Bakken and STACK plays. Comparable as a domestic upstream operator with a similar founder/operator-driven culture.
• SM Energy: Public Lower 48 independent operator with assets in the Permian, Eagle Ford, and Rocky Mountains. Comparable upstream operator at smaller end of the public peer set, useful for benchmarking asset performance.
• Devon Energy: Major public Lower 48 independent with concentrated acreage in the Delaware, Anadarko, and Williston basins. Comparable domestic upstream operator, though with public-market capital structure absent at Hillwood.

Direct peers

• Endeavor Energy Resources: Private Permian-focused operator with a similar integrated technical and financial team model. Comparable as a private Lower 48 producer pursuing scale through disciplined development and acquisitions.
• Hilcorp Energy: Largest private US oil and gas operator, family-affiliated, focused on acquiring and optimizing mature producing assets in the Lower 48 and Alaska. Closest large-scale analog to Hillwood's private, value-driven operating model.
• Merit Energy: Private oil and gas operator with deep Perot family / Hillwood involvement — the Perot family was the anchor investor in Merit. Directly comparable as a private, sponsor-backed Lower 48 operator pursuing similar acquisition and optimization strategies.
• CrownRock (formerly CrownQuest): Private Permian Basin operator focused on horizontal development. Comparable private Lower 48 operator with similar operational profile and sponsor-backed growth strategy.
• Mewbourne Oil Company: Private, family-influenced Lower 48 (primarily Permian) operator with a focused, technically driven operating model. Highly comparable to Hillwood in scale, ownership structure, and asset philosophy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hillwoodenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hillwood Energy