Home / Tag Archives: continental resources

Tag Archives: continental resources

Harold Hamm endorses Donald Trump for president

harold hamm endorses donald trump

On Friday Continental Resources CEO Harold Hamm endorsed Donald Trump for the 2016 Presidential Race, according to Reuters. Hamm, a shale industry pioneer and Mitt Romney’s 2012 energy adviser, called the real estate mogul a “business leader’s candidate” and that Trump has the “fortitude to make tough decisions.” In a public letter, Hamm wrote, “The next president of the United ...

Read More »

Fire crews are battling an oil rig fire in Oklahoma

CHICKASHA, Okla. — Firefighters in Oklahoma are battling a fire on an oil rig. Authorities say the oil rig is about 6 miles east of Chickasha. Video of Wednesday’s blaze showed a large plume of thick black smoke rising from the rig. The Oklahoma Department of Transportation says nearby roads are closed because of the smoke. Department spokesman Cody Boyd ...

Read More »

Again? Continental Resources cuts budget, Bakken rig count

Continental Resources, North Dakota’s second largest oil producer, announced that it will be cutting its budget for 2015 yet again amidst the persisting slump in oil prices. However, the company does anticipate continued production growth. As reported by Reuters, last year Continental CEO Harold Hamm cancelled all of the company’s oil hedges. He called Saudi Arabia, the de facto leader ...

Read More »

Continental Resources CEO withdraws defamation lawsuit

continental resources

OKLAHOMA CITY — Continental Resources CEO Harold Hamm has withdrawn a defamation lawsuit against a fellow oilman for a Facebook post that was critical of him. Hamm didn’t list a reason in his court filing last week to dismiss his lawsuit against Mickey Thompson. Thompson had posted a link on his Facebook to an Energywire news story back in June. ...

Read More »

Ex-wife of Continental Resources CEO sues over investment

OKLAHOMA CITY — The former wife of billionaire Oklahoma energy tycoon Harold Hamm, who was awarded nearly $1 billion in a divorce settlement, is now suing Hamm over the sale of a company the two co-owned. The lawsuit by Sue Ann Arnall alleges the $4.5 million sale in 2005 of the parent company and sole shareholder of Jolette Oil LLC ...

Read More »

Bakken crude: Could pipelines replace the need for oil-by-rail?

The transportation of Bakken crude is beginning to shift away from the railways and into pipelines as production levels off in the wake of last year’s price collapse and more oil and gas pipelines are brought online. Rusty Braziel, analyst with RBN Energy, explained, “Since 2012 a combination of rail and pipeline has given Bakken producers ample crude takeaway capacity, ...

Read More »

U.S. shale firms slide deep into the red on low oil prices: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – North America’s leading independent oil and gas producers reported large losses in the second quarter despite cutting costs and increasing output. Ten of the largest independent oil and gas producers in the United States reported total losses of almost $15 billion between April and June, compared ...

Read More »

U.S. shale drillers struggle amid slumping prices: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own.) LONDON – North America’s shale drillers are struggling with the renewed slump in oil prices, despite cutting costs, boosting output, and in some cases employing hedging to improve realized prices. Stock prices for most of the main shale drillers have fallen faster than the price of U.S. ...

Read More »