A judge found Continental Resources CEO Harold Hamm owes nearly $1 billion to his wife as a result of their lengthy divorce settlement, one of the largest in US history. Hamm, former Mitt Romney energy adviser, gets to keep his 253 million shares of Continental stock valued at $13.7 billion. He must pay his now… Keep reading →
Some of the world’s largest LNG purchasers by volume are beginning to cooperate in an effort to increase bargaining power and secure lower prices. “Korea Gas and Tokyo Gas plan to deepen a partnership they started in 1990 on exchanging information and technology to possibly include joint investments in gas developments, along with purchases of… Keep reading →
Continental Resources, one of the largest Bakken Shale producers, announced some good and bad news to investors yesterday – a new oil discovery (good) but increased capital expenditure guidance (bad). The company announced a new oil discovery in the South-Central Oklahoma Oil Province (SCOOP) where it also said “net unrisked resource potential has increased to… Keep reading →
Continental Resources’ Chariman and Chief Executive Harold Hamm will not lose his controlling interest in the company as a result of divorce proceedings, according to an Oklahoma District Court judge. Continental is one of the largest oil producers operating in the Bakken Shale and Hamm’s roughly 124 million shares in the company are estimated to… Keep reading →
Natural gas production gains spurred by the unconventional revolution upended long-held beliefs about resource scarcity in the US, leading to calls for exports. And the rise in US unconventional crude production has led to similar calls for exporting oil. “Federal lawmakers should overturn the ban on exporting crude oil produced in the United States,” said Blake… Keep reading →
Ron Wyden, Democratic Senator from Oregon and Chairman of the Senate Committee on Energy and Natural Resources, grilled oil market experts today on why US consumers are not benefiting from higher US oil production via lower gasoline prices at the pump. Those experts indicated that whether or not they are aware of it, US consumers… Keep reading →
Technological advancements in oil and gas drilling have rejuvenated the US and Canadian onshore oil and gas sectors, but above-ground risks may impede rapid production growth.
Widespread use of drilling techniques such as horizontal drilling and hydraulic fracturing in shales and other geologic formations have shifted the outlook for North American natural gas supply, and proved more applicable to onshore oil production, as well. Keep reading →
