A University of Texas System regent and his wife have donated $25 million to UT-Austin’s department of petroleum and geosystems engineering, which henceforth will bear their name.
“Regent Jeff Hildebrand and Mindy Hildebrand have a very deep connection to our university that makes this gift so special,” school President Gregory L. Fenves said. “It will provide significant resources for student and faculty innovation, along with cutting-edge teaching and research related to the oil and gas industry.”
The donation from the Hildebrand Foundation was announced Tuesday.
Jeffery Hildebrand is the founder, chairman and CEO of Houston-based Hilcorp Energy Co., a privately held oil and natural gas exploration and production firm. He received his master’s degree in petroleum engineering and bachelor’s degree in geology from UT-Austin.
Mindy Hildebrand earned a bachelor’s degree in management from the university’s McCombs School of Business and serves on its advisory board and the University Development Board. The Hildebrands have three children, two of whom currently attend UT-Austin.
“It is our hope that this gift will inspire the next generation of engineers, explorers and innovators to pursue an education and career in the petroleum industry,” the couple said in a joint statement.
The highly ranked Hildebrand department of petroleum and geosystems engineering is part of the university’s Cockrell School of Engineering.