Harold Hamm News
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William Herbert Hunt was once one of the wealthiest men on Earth. With his brother, Nelson Bunker Hunt, the billionaire bought more than 195 million ounces of silver -- 60 percent of the U.S. market -- in the 1970s. By early 1980, their stake was valued at more than $9 billion.
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Mitt Romney, the front-runner for the Republican Party’s presidential nomination, appointed Oklahoma oil billionaire Harold Hamm as energy adviser to his campaign.
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Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
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Continental Resources Inc. , the oil and natural gas company controlled by Oklahoma billionaire Harold Hamm , boosted planned spending 53 percent to $1.3 billion to accelerate drilling in five states this year.
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An energy adviser to Republican Mitt Romney said drilling advances are putting the U.S. on course to emerge “from under OPEC dominance,” while the Obama administration is stalling development with excessive rules.
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While the presidential election isn’t until November, it’s already clear that Mitt Romney has won over America’s oil and gas industry.
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The U.S. expanded its oil production this year by the most since the first commercial well was drilled in 1859, upending a belief that Americans were increasingly hooked on foreign crude.
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Continental Resources Inc., the largest leaseholder in North Dakota’s Bakken oil deposit, bought more acreage there from KKR & Co.’s Samson Resources Corp. for $649.3 million in cash.
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The U.S. must retain tax breaks that help independent oil and gas producers, said Harold Hamm, chairman and chief executive officer of Continental Resources Inc.
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Chesapeake Energy Corp.’s board withheld Chief Executive Officer Aubrey McClendon’s annual bonus after investors criticized the performance and management of the second-biggest U.S. natural gas producer.
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