Reporting Highlights
Climate Rollbacks: Trump’s EPA is planning to weaken restrictions on oil and gas wells that produce very little energy but release vast amounts of methane.
A Wealthy Beneficiary: Oil billionaire Jeffery Hildebrand, a major Trump donor, is set to reap the benefits. Society as a whole will deal with the environmental costs.
The Influence Campaign: A former Hildebrand lobbyist now rewriting the EPA’s methane rules has solicited input from oil industry groups backed by the billionaire.
These highlights were written by the reporters and editors who worked on this story.
It was before dawn on a Friday in January when a Gulfstream G600 with the burnt-orange Texas Longhorns logo on its tail landed at Dulles airport outside Washington, D.C. Its owner, a little-known oil billionaire named Jeffery Hildebrand, had been summoned to the White House.
By mid-afternoon he was in the East Room, just three seats from President Donald Trump, who had recently ordered the military raid that captured Venezuelan leader Nicolás Maduro. Now Trump wanted Hildebrand and two dozen other energy executives to commit to investing $100 billion in Venezuela’s decrepit oil industry.
Many couched their enthusiasm with caveats. ExxonMobil’s CEO called Venezuela “uninvestable” without changes to its legal system. The head of ConocoPhillips wanted U.S. government financing.
But Hildebrand, a major Trump donor whose wife had been named ambassador to Costa Rica, had already seen how loyalty could be rewarded. Even though he had no notable operations outside the U.S., he hunched toward a microphone and said in a halting voice, “Hilcorp is fully committed and ready to go to rebuilding the infrastructure in Venezuela.”
“That’s good,” Trump said. “You’ll be very happy.”
As the founder and owner of Hilcorp, a privately held company known for buying up old, low-producing “stripper wells,” Hildebrand needs Trump’s favor. Long one of the oil industry’s top polluters , Hilcorp releases unusually large quantities of methane, a greenhouse gas that can trap 80 times more heat than carbon dioxide.
Hildebrand had never been a leading political contributor. But in 2024, the Biden administration issued aggressive restrictions on methane pollution — rules that would impose steep costs on Hilcorp — and the once-obscure tycoon became one of Trump’s biggest oil industry supporters, giving millions to his campaign.
Hilcorp CEO Jeffery Hildebrand during a meeting with U.S. oil company executives at the White House on Jan. 9 Saul Loeb/AFP/Getty Images
Trump has since named a former Hilcorp lobbyist to a top post at the Environmental Protection Agency, putting him in charge of an effort to unravel the methane rules with help from trade groups backed by Hildebrand, a ProPublica investigation has found. That will bring a sweeping reprieve for the nation’s 700,000 stripper wells, boosting Hildebrand’s profits while saddling society as a whole with the climate fallout.
Stripper wells collectively contribute just 6% of the nation’s oil and natural gas. But in recent studies , scientists have identified them as the source of roughly half the sector’s methane emissions — in part because they tend to be thinly monitored, run-down and thus prone to leaking. As a result, these barely productive wells play an outsize role in climate change, disproportionately amplifying heat waves, droughts and wildfires.
In a world where global warming fixes can seem impossibly daunting, stripper wells are the rare low-hanging fruit, said Andrew Logan of Ceres, a climate advocacy group.
“If you could lose 6% of production and cut emissions in half, who wouldn’t make that trade?” Logan said. “It’s a question of who benefits and who doesn’t, and who has the power.”
“Well Vents Randomly”
Kendra Pinto and Josh Eisenfeld drove a rented Dodge Ram to the site of a Hilcorp well in San Juan County, New Mexico, last August. As infrared camera operators with the nonprofit Earthworks, they were used to roaming through remote areas to investigate leaks at oil and gas wells. But the San Juan is especially lonely terrain, with bumpy dirt roads snaking between scattered scrub and rusting pump jacks, the nodding apparatuses that lift oil and gas from thousands of feet underground.
A sign marked the site as Hilcorp’s Huerfano Unit 119 well, one of the company’s 11,000 in the region. It was little more than a patch of gravel hosting two unmarked storage tanks and what oil workers call a Christmas tree: the cluster of valves that caps the well itself. Drilled in 1969, the well now produces a small but steady trickle of natural gas, enough to generate around $50 of revenue per day.
On paper, it runs remarkably cleanly. According to New Mexico’s oil regulator , Hilcorp has not reported any “venting” — releasing gas — from the well since May 2024. At the site itself, however, a wire fence surrounded some of the equipment, bearing a yellow caution sign that read, “Well vents…
Read the full article at ProPublica →
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