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Optimistic: Officials react to news Hiland is leaving Enid

In the wake of Friday night’s announcement of the shuttering of Hiland Partners’ office in Enid, area officials are remaining optimistic about the city’s continued growth. Enid City Manager Jerald Gilbert said he was confident other projects in the works will offset the loss of some 100 jobs in the community. “I expect some employees will stay in Enid,” Gilbert ...

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Continental gets one last boost from sale of oil hedges

WILLISTON, N.D. – Continental Resources Inc posted a fourth-quarter profit well above Wall Street’s expectations on Tuesday, as a one-time gain from the sale of crude hedges helped offset tumbling oil prices. Continental reported net income of $114 million, or 31 cents per share, compared with $132.8 million, or 36 cents per share, in the year-ago period. Excluding one-time items, ...

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Hamm’s EX wants more

Harold Hamm’s divorce battle isn’t over yet and may cost him even more. Sue Ann Arnall, Hamm’s ex-wife, recently received a settlement check just shy of $1 billion, but that isn’t enough.  After cashing the check for $975 million, Arnall is appealing her divorce decree and asking for more, considering she only received less than 10 percent of Hamm’s total ...

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Continental Bakken reserves continue to grow

Continental Resources (NYSE: CLR), one of the top producers in the Bakken formation, has announced that the company’s proved reserves and production rates are continuing to grow with each passing year. The company reports that as of December 31, 2014, its proved reserves increased from the prior year by 267 million barrels of oil equivalent (MMBoe), or 25 percent. Its ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of January 23 through January 30. Enjoy! 5. Montana’s Bakken boom might have gone bust The Bakken oil boom in Montana has gone bust, or at least that’s the belief held by Terry Johnson, director of energy research at the University of Montana’s Bureau of Business and Economic Research. Montana ...

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Hamm: “Oil prices could rebound faster than expected”

Despite the many recent non business-related headlines about him over the past month, folks within the oil and gas industry should still respect what Harold Hamm has to say. The Continental Resources CEO said Wednesday that he believes “the market doesn’t understand just how quickly oil companies are scaling back their activities, and as a result, oil prices could rebound ...

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Kinder Morgan entering Bakken with $3 billion deal

HOUSTON – Leading U.S. pipeline Kinder Morgan Inc <KMI.N> said on Wednesday it will enter North Dakota’s Bakken shale with a $3 billion acquisition of Hiland Partners, a pipeline and logistics company founded by Continental Resources <CLR.N> Chief Executive Officer Harold Hamm. The deal includes acreage in the Bakken’s top producing counties from which Kinder expects substantial oil output despite ...

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An up and down day for Kinder Morgan

On the same day Kinder Morgan announced in a statement that the company has made a $3 billion acquisition to acquire Hiland Partners, the company’s CEO—Rich Kinder—has announced he is leaving the company. Richard Kinder, 70, will remain active as the Kinder Morgan executive chairman while handing off the CEO role to current president and COO Steve Kean, effective June ...

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