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Hamm is certain the export ban will be lifted by October just as OPEC reduces output

Harold Hamm

The global oil market is in for some big changes this fall if oil tycoon Harold Hamm’s crystal ball proves accurate. During a quarterly update conference call on Aug. 6, the Continental Resources Chairman and Chief Executive Officer predicted an “energy paradigm shift will have profound long-term consequences worldwide starting with the U.S. crude export ban being lifted so America ...

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Continental Resources profit beats as cost cuts offset cheap oil

Continental Resources Inc, the second-largest oil producer in North Dakota’s Bakken shale formation, posted a better-than-expected quarterly profit on Wednesday as the company slashed costs to offset plunging crude prices. In a bet on the ability to keep costs low, Chief Executive Harold Hamm boosted Continental’s 2015 production guidance. “Our teams are performing very efficiently,” Hamm said in a statement, ...

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ND oil and gas leaders: Lift the outdated export ban

Lifting the decades old oil export ban remains a contentious issue. While those in opposition of the idea argue that it would cause wholesale and commercial fuel prices to increase, but those in favor stress that ending the ban would create numerous economic opportunities. Earlier this week industry leaders and regulators testified during a U.S. House Committee on Agriculture hearing ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of June 20th through June 26th. Enjoy! 5. St. Paul Park Refinery increasingly focuses on Bakken oil Minnesota’s oldest oil refinery sees a bigger future with Bakken crude. The refinery on the banks of the Mississippi River in St. Paul Park plans $100 million in upgrades that by next ...

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Cowboyistan: Harold Hamm’s hope of crude oil exports

“Cowboyistan” could produce more than enough petroleum to justify the exporting of light, sweet crude, according to Continental Resources CEO and oil mogul Harold Hamm. Earlier this week, the U.S. Energy Information Administration’s 2015 Energy Conference was held in Washington, D.C. Hamm was one of the numerous speakers and promoters there to voice the reasoning behind exporting American-produced petroleum, according ...

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Continental reports increased Bakken production

Continental Resources Inc. has announced that its production in the Bakken region has increased by four percent with 66 net completed operated and non-operated wells in the Middle Bakken and Three Forks formations during the first quarter of 2015. During this time, the company operated an average of 13 rigs in the region, down from the 19 operating at the ...

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Oklahoma oil firms drilling but waiting to complete wells

OKLAHOMA CITY (AP) — Oklahoma energy companies are still drilling in spite of low oil prices, but they are putting off costly practices such as hydraulic fracturing until prices recover. Drilled uncompleted wells are a new trend in the oil patch, led both by lower oil prices and the drastic technological and procedural changes the industry has experienced over the ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of March 21 through March 27. Enjoy! 5. You can go home: Returnees to ND oil boom town here to stay WATFORD CITY, N.D. — Before oil tanker trucks rumbled down the roads at all hours, this town was so quiet that Erin White rode her horse to a deserted ...

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