(Oil Price) – U.S. shale needs much higher oil prices than $50 per barrel, and even higher than the current WTI Crude price in the high $60s, for a “drill, baby, drill” boom, oil tycoon and Trump campaign donor Harold Hamm says. American producers, especially those pumping crude outside the Tier 1 inventory in the best Permian locations, would need an
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 Price Shale tycoon Harold Hamm and U.S. and European supermajors are looking to support university courses in petroleum engineering and related disciplines in a bid to attract young talent to the industry that’s not viewed favorably by Millennials and Generation Z. Harold Hamm, the U.S. shale pioneer who founded Continental Resources, has donated to establish the Hamm Institute for
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 Price The owner of Continental Resources and one of the faces of the shale revolution Harold Hamm has criticized the Biden administration’s decision to grant sanction relief to Chevron so it can restart its operations in Venezuela. Calling the deal a sign of desperation, per a Financial Times report, Hamm then went on to blame the administration for
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
World Oil HOUSTON (Bloomberg) –Billionaire oil wildcatter Harold Hamm is donating $50 million for a new research center at Oklahoma State University focused on “securing America’s energy future,” a move that comes as the industry debates how to transition to cleaner fuels. The Harold Hamm Foundation and Continental Resources Inc., the shale driller controlled by the Oklahoma native, are giving
Fox Business Continental Resources Chairman and founder Harold Hamm criticized Biden’s energy plan as the administration’s efforts to tackle climate change conjures up more challenges for the country. “You know it’s all about economics 101 and it doesn’t have to be this way,” the oil billionaire said during an interview on FOX Business’ “Mornings with Maria.” Last year, Hamm warned the price of gasoline would surge under
Reuters U.S. shale producers Continental Resources Inc and Callon Petroleum Co on Monday joined their peers in cutting production to cope with a rout in oil prices as the coronavirus crisis sapped demand for fuel. The historic drop in oil prices last month sent shockwaves through the energy sector, forcing producers to drastically cut spending and scale back activity globally.
Oil and Gas 360 Harold Hamm’s recent defense of America’s oil and natural gas industry sounded a lot like the late Boone Pickens and Aubrey McClendon, both of whom where champions of the industry, it’s workers and the independence the shale revolution provided America. In a letter sent to Elizabeth Warren dated December 18th, Hamm wrote, “Our domestic energy resurgence
Houston Chronicle Billionaire wildcatter Harold Hamm invited Elizabeth Warren to the Oklahoma oil patch as the U.S. Democratic presidential candidate proposes a ban on fracking if elected. In a letter dated Dec. 18, Hamm said he wanted Warren to tour “the economic engine that is our industry” while she visits her home state of Oklahoma for a town hall meeting
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