Hilcorp's 2026 Capital Expenditure Plan Overview

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Feb 20 2026

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Source: Newsfilter

Capital Expenditure Plan: Hilcorp Energy Company estimates its 2026 capital expenditures for the San Juan Basin to be approximately $14 million, a significant increase from the $9 million budgeted for 2025, indicating strong confidence and investment intent in future projects.
Project Allocation Details: Of the 2026 budget, $11.5 million will be allocated to nine new vertical drilling projects and six new horizontal drilling projects, primarily in the Mesaverde, Mancos, and Dakota formations, aimed at enhancing production and resource development efficiency.
Recompletions and Facility Investments: Approximately $2 million will be allocated to 17 recompletion and workover projects, while $0.5 million will be directed towards facilities related to natural gas compression and other projects, indicating a focus on enhancing existing assets while expanding infrastructure.
Risks and Uncertainties: Hilcorp emphasizes that the 2026 plan may be revised based on underlying assumptions, and actual capital costs may vary from estimates, reflecting the impact of external factors such as oil and gas price volatility and regulatory risks.

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About SJT

San Juan Basin Royalty Trust (the Trust) is an express trust. The principal asset of the Trust is the Royalty, which consists of a 75% net overriding royalty interest that burdens the Subject Interests located in the San Juan Basin. PNC Bank acts as the trustee of the Trust. The primary function of the Trustee is to collect the Royalty Income, to pay all expenses and charges of the Trust and to distribute the remaining available income to the Unit Holders. The Trust is a widely held fixed investment trust (WHFIT) classified as a non-mortgage widely held fixed investment trust (NMWHFIT). The Trust’s reserves consisted of natural gas reserves, and proceeds from the subject interests, which were attributable to the production and sale of natural gas by Hilcorp, as well as other proceeds.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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Hilcorp's 2026 Capital Project Plan Overview

Feb 20 2026PRnewswire

Capital Expenditure Plan: Hilcorp estimates its 2026 capital expenditures for the San Juan Basin to be approximately $14 million, reflecting a significant increase from the $9 million projected for 2025, indicating a positive investment outlook for future projects.
Project Allocation: Of the 2026 budget, $11.5 million is earmarked for nine new vertical drilling projects and six new horizontal drilling projects, primarily in the Mesaverde, Mancos, and Dakota formations, aimed at enhancing production and resource development efficiency.
Recompletions and Maintenance: Approximately $2 million will be allocated to 17 recompletion and workover projects, mainly in the Fruitland Coal and Pictured Cliffs formations, ensuring ongoing production capacity and economic viability of existing assets.
Risk Advisory: Hilcorp noted that the 2026 plan may be revised based on changes in underlying assumptions, and actual capital costs may vary from estimates, prompting investors to remain vigilant regarding oil and gas price volatility and other uncertainties.