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Tag Archives: harold hamm

The top 5 Bakken stories of the week

party

Rig count: 193 1. U.S. oil CEO Hamm goes out on a limb, scraps hedges Harold Hamm, the chief executive of North Dakota oil producer Continental Resources Inc <CLR.N>, has stunned a bearish crude market by scrapping all of the company’s hedges – a bold bet that prices will recover soon after sliding some 25 percent. In so doing, Hamm, ...

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Long-ago land deal may loom large in Hamm divorce

continental resources

OKLAHOMA CITY–Continental Resources has become a leading oil driller in North Dakota’s Bakken field, which has added more than 1 million barrels per day to U.S. oil output. But SEC filings and court documents referenced in the divorce of Harold and Sue Ann Hamm show that years before Continental gained its foothold in the Bakken, a stake in the oilfield ...

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U.S. oil CEO Hamm goes out on a limb, scraps hedges

continental resources

WILLISTON N.D. – Harold Hamm, the chief executive of North Dakota oil producer Continental Resources Inc <CLR.N>, has stunned a bearish crude market by scrapping all of the company’s hedges – a bold bet that prices will recover soon after sliding some 25 percent. In so doing, Hamm, who last month called OPEC a “toothless tiger”, appears to be bracing ...

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Despite oil price panic, experts remain optimistic

oil and money

Bloomberg reported today that although oil prices are falling, the market will not collapse anytime soon. Financial analysts predict that the current slowdown in growth will not last forever.  This is because global consumption itself is slated to increase to 99 million barrels a day in 2019, up from 92.8 million this year. In the future, oil consumption should grow ...

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Continental Resources: “OK shale deposit could be 3rd largest producer”

pump jack

Lydia Gilbertson | Shale Plays Media Google+ Continental Resources CEO Harold Hamm stated Saturday that the company has discovered a shale deposit in South Central Oklahoma that could elevate the state to being the 3rd largest oil producer in the United States. The Springer Shale deposit is a shallow layer of shale at a 12,500 foot depth. Continental drilled one ...

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Continental Resources names new COO

continental resources

Lydia Gilbertson | Shale Plays Media Google+ Continental Resources is one of the largest oil production companies in the Bakken region. Last week its president, Rick Bott, resigned from his position to pursue “a better opportunity.” Today, Continental named its new president. The new COO is Jack Stark, who has been the senior vice president of exploration for 16 years prior ...

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Exclusive – Wife defines stakes in Oklahoma divorce: $17 billion

hamm and hamm

By Heidi Brandes and Joshua Scheneyer OKLAHOMA CITY (Reuters) – More than $17 billion of Oklahoma oilman Harold Hamm’s fortune could be subject to division with his estranged wife, according to an economic analysis presented in their divorce trial, defining the stakes in one of the biggest battles ever over a marital estate. The analysis of Kenneth Button, an expert witness hired by ...

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Safety and the Bakken

train

Lydia Gilbertson | Shale Plays Media Working on an oil rig is considered one of the most dangerous jobs in the country. The oil and gas industry is taking measures to address the hazardous nature of their field. Journalist Maxine Herr recently did an in-depth report for the Bismarck Tribune that explores the role that safety plays within the industry for ...

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Bakken leader fears more safety lapses will ‘shut us down’

James MacPherson | Associated Press BISMARCK, N.D. — The godfather of North Dakota’s present oil bonanza predicted the state’s crude production will double to 2 million barrels daily by decade’s end but warned industry officials Thursday that future safety missteps would threaten that. “We can’t have any more issues,” Harold Hamm, the chairman of Oklahoma City-based Continental Resources, told expo-goers ...

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