Harold Hamm's push for energy independence

Fuel Fix:
Harold Hamm’s compelling personal story attracts attention, and the CEO of Continental Resources isn’t shy about sharing it.

The youngest of 13 children raised in a sharecroppers’ cabin in Oklahoma, Hamm began driving a tank truck in the oil fields after graduating from high school and had drilled his first well by the age of 25.

His company, based in Oklahoma City, is now the largest producer and leaseholder in the Bakken shale, with 1.1 million acres and 24 rigs in North Dakota and Montana.

The 67-year-old Hamm says he is still in the hunt for oil, but he also is involved in a broader agenda, pushing the cause of U.S. energy independence and what he describes as the psychological boost that would provide.

Hamm spoke Thursday at the American Association of Petroleum Geologists’ Playmaker Forum, a day-long conference devoted to finding oil, pitching prospects to investors and updates on North American shale plays.

He is chairman of the Domestic Energy Producers Alliance, formed to support independent producers, royalty owners and oil service companies and to promote energy independence. He also served as an energy advisor to Republican presidential candidate Mitt Romney.

Read more: Romney aide says Obama rules hinder energy independence

He suggested that was time well spent.

“Yeah, Romney wasn’t elected, but some of the things he brought up, the other side had to jump in and take credit for,” he said.
Hamm has been incredibly successful in the Bakken formation and in pushing the rest of the country toward energy independence.  He has had meetings with President Obama and believes the President still does not understand the US energy potential despite his attempts to take credit for new production while blocking it on most federal controlled sites.

Hamm should now be seen as prescient not only because of the Bakken production but the new production in Texas on such plays as the Eagle Ford and the soon to be exploited larger Crain shale oil field in West Texas as well as the Wolfcamp in the Permian Basin.


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