Welcome to Talon Energy Group

Developed and implemented a strategy to directly connect a USGC oil refiner to Permian crude supply, resulting in 25,000 BPD offtake of cost advantaged crude. 

Evaluated definitive agreements of refinery project on behalf of CEO of major refining company.

Restructured the existing bonus plan for a petroleum refiner to be consistent with industry practices. 

Restructured a $2.0 Billion retirement plan resulting in a $150 million liability reduction and more than $30 million annual expense reduction.  

Reviewed financial statements and performed benchmarking analysis to support executive management decision to defer a proposed acquisition.

Reviewed proposed energy sector loan transactions for a commercial bank and advised hedge fund  regarding midstream sector investments.  

Glenn Hilman is an executive with broad experience at CITGO Petroleum, a US refining company with annual revenue exceeding $28 billion. He has held profit and loss responsibility for a major division, transformed the corporation through execution of over $1.0 billion of M&A transactions, was a major participant in efforts to weather the 2009 recession, and reported directly to the CEO as a corporate officer. In his last position as the Vice President, Shared Services, he was responsible for HSSE, procurement, information technology, real estate, human resources, executive compensation, the interface with the Compensation Committee and a $100 million budget.  He has significant experience in Latin America as well as with sanctions / compliance issues. 

He is known as a strategist, effective implementer, problem solver,  astute commercial negotiator, consensus builder  and has significant experience in multi-cultural organizations. He enjoys working with teams of engineers, lawyers, and financial experts to develop solutions to complex issues. He currently serves as and adjunct professor at UH-Downtown. 

Led CITGO's midstream business with EBITDA of more than $150 million per year and 300 employees. During his tenure EBITDA growth exceeded 15% per year through expansion of pipelines to source cost advantage crude oil from US shale production and improving the capabilities of the refined products terminals.

After a strategic review of CITGO’s refined product distribution assets, he executed the divestiture of an equity position in Colonial Pipeline for approximately $640 million, an equity position in Explorer Pipeline for $115 million, as well as the Eagle Pipeline & associated terminals for $250 million. In 2014-16, he executed the divestiture of WTG crude oil pipeline for approximately $100 million and was a member of the management team road show during the CITGO divestiture process. He participated in road shows for a $2.8 Billion debt issuance for CITGO Holding and led the associated $775 million asset carve out of midstream assets.  He negotiated long term, high value pipeline transportation  agreements on behalf of CITGO to exploit shale oil production. 

In his last role at CITGO, he was responsible for Human Resources Management at CITGO, including the oversight of CITGO's retirement plans, developing compensation structures and preparing for the workforce of the future.  He has been involved in various Compensation Committee matters, including executive compensation and implementing  best practices for a Compensation Committee. 

During his tenure at CITGO, he managed the annual budget and financial planning functions within the Finance organization as well as monthly reviews with senior management of financial and operating performance. 

Deep and broad experience. Creative thinker. Disruptive business leader. I have worked with Glenn as he has served in key commercial, administrative, and operational roles. In each case he has shown the ability to apply his deep knowledge of the energy value chain, his creativity in solving a business problem or structuring a deal, and his willingness to disrupt the current state of affairs in order to create something new and better. Curtis Rowe, Retired CFO - CITGO