(World Oil) – Oil executives have emerged as an increasingly important source of funding for Donald Trump, as industry titans open their wallets to bolster the Republican nominee’s campaign for a second term in the White House. The billionaires backing Trump include Kelcy Warren, chief executive officer of pipeline operator Energy Transfer LP; Harold Hamm, the founder of Continental
Oil Price Harold Hamm, the founder of Continental Holdings, is rallying Big Oil executives to support former President Donald Trump’s reelection bid, according to a report from The Washington Post. Hamm, a notable billionaire in the energy sector, has stressed the importance of this election to his oil peers, urging them to contribute to Trump’s campaign in hopes of receiving
World Oil (WO) – Last week, the Independent Petroleum Association of America (IPAA) – advocating for thousands of oil and natural gas producers that develop 90% of wells nationwide- held its spring Board of Directors meeting in Washington, D.C. and announced the following board appointments. Harold Hamm, Founder and Executive Chairman of Continental Resources was named an At-Large Director. Current
Oil and Gas 360 OKLAHOMA CITY, Dec. 6, 2022 /PRNewswire/ — Continental Resources, Inc. announced today President and Chief Operating Officer (COO) Doug Lawler will assume the role of President and Chief Executive Officer (CEO). “Doug is a transformative leader who will build on all we have achieved in our company’s 55-years. Doug is exactly the right person to
Oil and Gas 360 OKLAHOMA CITY, Oct. 17, 2022 /PRNewswire/ — Continental Resources, Inc. (NYSE: CLR) today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Omega Acquisition, Inc., an Oklahoma corporation (“Merger Sub”), an entity that is owned by Continental’s founder, Harold G. Hamm. Pursuant to the Merger Agreement, Merger Sub will commence a tender offer to purchase
Oil and Gas 360 OKLAHOMA CITY, Aug. 18, 2022 /PRNewswire/ — Continental Resources, Inc. (NYSE: CLR) today announced Doug Lawler is being promoted to President and Chief Operating Officer. Doug joined Continental in February as Chief Operating Officer and Executive Vice President following three decades in the oil and gas industry. “Since joining Continental in February, Doug has provided strong complementary leadership and
World Oil Hamm’s all-cash offer of $70 for each share he doesn’t already own represents an 8.5% premium to Monday’s closing price and will be evaluated by Continental’s board of directors, the company said in a statement Tuesday. The stock soared as much as 17% in New York trading for the biggest advance in 18 months. The offer by Hamm
World Oil (Bloomberg) — The Texas wildcatters that ushered in America’s shale revolution are resisting the temptation to pump more oil as the market rallies, signaling higher gasoline prices for consumers already battered by the worst inflation in a generation. Crude prices hurtling toward $100 a barrel typically would spark a frenzy of new drilling by independent explorers in shale fields from the desert
Reuters Continental Resources Inc on Tuesday named Doug Lawler, the former top boss of Chesapeake Energy Corp, as its chief operating officer and executive vice president from next month. Lawler was Chesapeake’s CEO for eight years before he was unexpectedly fired in April last year, months after the company’s emergence from bankruptcy. He had been widely credited with whittling
Reuters Harold Hamm, founder and chairman of shale oil producer Continental Resources, this month bought more than $16 million in company share, his second purchase in less than two months, according to regulatory filings. Hamm has purchased some $21.25 million worth of Continental stock since November, or 475,520 shares, according to filings with the U.S. Securities and Exchange Commission. Hamm
Oil and Gas 360 OKLAHOMA CITY, Nov. 3, 2021 /PRNewswire/ — • $369.3 MM Net Income; $1.01 per Diluted Share ($437.2 MM Adjusted Net Income; $1.20 per Adjusted Share (Non-GAAP)) in 3Q21 • $1.0 B Cash Flow from Operations & Company Record $669 MM Free Cash Flow (Non-GAAP) in 3Q21 • $3.9 B Projected Full-Year 2021 Cash Flow from Operations & $2.6 B Projected Full-Year 2021 Free Cash Flow (FCF) (Non-GAAP) at Current Strip Prices1 (~14% FCF
Reuters Continental Resources, one of the largest U.S. shale oil producers, on Wednesday urged North Dakota energy regulators to intervene to help stabilize the state’s oil market through steps such as limiting output or restricting flaring of unwanted natural gas. Continental, the state’s largest producer, argued at a hearing that operators are hurting even though state production is down more
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