Home / Tag Archives: harold hamm

Tag Archives: harold hamm

Hamm joins Trump’s short list of cabinet prospects

trump, hamm, cabinet

As the dust settles from this year’s presidential election, conversation has already turned to Donald Trump’s proposed cabinet. Big names like Rudy Guiliani, former New York City Mayor, and other “like-minded CEOs,” top the list for positions in Trump’s cabinet. What does this mean for the oil and gas industry? One of the industry’s most prominent businessmen could hold a ...

Read More »

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 »

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OKLAHOMA CITY — Continental Resources CEO Harold Hamm has withdrawn a defamation lawsuit against a fellow oilman for a Facebook post that was critical of him.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 »

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

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 ...

Read More »

Continental Resources profit beats as cost cuts offset cheap oil

continental resources

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, ...

Read More »

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 ...

Read More »

RRC Chairman David Porter lights up Congress with export ban testimony

oil tanker

The latest push for American oil exports happened yesterday day as Texas Railroad Commission Chairman David Porter testified before the U.S. Agriculture Committee today on the importance and urgency of lifting the federal ban. Many like Porter see lifting the ban as a policy move to spur new American energy production and foster economic growth. In the his speech, the ...

Read More »