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☆ Second Trump Presidency Would Axe Biden Climate Agenda, Gut Energy Regulators
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +7 min

Much of that work could go up in smoke if his likely rival Donald Trump beats him at the polls in November, according to Republican policy advisers. Reuters spoke with a dozen Republican policy consultants and former Trump administration officials who are helping lay the groundwork for a second Trump presidency to sketch out the administration's likely approach to energy and environmental issues. Trump formally withdrew the U.S. during his first term in office but Biden swiftly reversed the move in 2021. "A big lesson that everybody in the first Trump administration learned was that personnel is really important. The idea of taking a hatchet to the entire IRA could, however, give some oil industry officials and Republican politicians pause, a former Trump administration official said.

Persons: Valerie Volcovici, Gram Slattery WASHINGTON, Joe Biden, Donald Trump, Trump, Stephen Moore, Trump's, Larry Kudlow, David Bernhardt, Rick Perry, Kevin Hassett, Harold Hamm, Biden, George David Banks, Ivanka, Mike McKenna, Diana Furchtgott, Roth, Timothy Gardner, Richard Valdmanis, Deepa Babington Organizations: Republican, United Nations, Trump, Reuters, White, Heritage Foundation, Republicans, Economic, Energy, Biden, America, Policy Institute, Heritage Locations: United States, Paris, Biden's

☆ Nikki Haley super PAC enters election year with just $3 million, adding to woes
▼ + stars: | 2024-01-31 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Ambassador to the United Nations Nikki Haley visits a polling place as voters cast their votes in the New Hampshire presidential primary election in Hampton, New Hampshire, U.S., January 23, 2024. The relatively small sum raises new questions about whether Haley can finance a viable presidential primary campaign over the coming months. The super PAC entered the reporting period in July with around $17 million, but finished with a paltry $3.5 million war chest. Ken Griffin, the CEO of Citadel, gave $5 million to the super PAC in December, according to the FEC records. It was unclear, however, if the $5 million Griffin revealed late in January was the same $5 million the Haley PAC reported in December.

Persons: Nikki Haley, Haley, Donald Trump, Jan, Ken Griffin, Griffin, Griffin's, Ken Langone, David Tepper, Harold Hamm, Ben Kamisar, Bridget Bowman Organizations: U.S, United, New, Commission, SFA, Inc, PAC, SFA Fund, South, Trump, MAGA Inc, Citadel, CNBC, Haley, Haley PAC, Home, Carolina Panthers, NBC Locations: New Hampshire, Hampton , New Hampshire, U.S, South Carolina, Iowa

☆ Trump is wooing oil and gas tycoons to financially support his 2024 campaign, report says
▼ + stars: | 2023-11-11 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Former President Trump is working to ramp up his support among energy executives, WaPo reported. Support from oil and gas executives would be crucial to his 2024 reelection campaign. Harold Hamm, the billionaire founder and chairman of Continental Resources, for instance, told Trump during a phone conversation earlier this year that he should end his presidential bid, per The Financial Times. "Trump was good on energy, and I think energy policy under Trump would be fine," Eberhart, the DeSantis supporter, told The Post. AdvertisementAdvertisementThe extent of Trump's pitches to energy executives is not a shock to environmental groups, as they battled with the administration over regulations throughout his entire time in the White House.

Persons: Trump, WaPo, —, Donald Trump, Joe Biden, Harold Hamm, Hamm, Ron DeSantis, Nikki Haley, Dan Eberhart, DeSantis, Kenny Troutt, Rick Bowmer, Barack Obama, Biden, bonafides, Tiernan Sittenfeld, Steven Cheung Organizations: Service, The Washington Post, Trump, Continental Resources, Gov, Post, White, Canary LLC, AP, Keystone XL, Wildlife, Green New, League of Conservation Voters, Big Locations: Trump, Florida, South Carolina, Trump's, Lago, Texas, Helper , Utah, Paris, Alaska, United States, ANWR

☆ Legendary oil mogul Harold Hamm eyes the next stage in the US shale oil boom: 'Generation 3' rock
▼ + stars: | 2023-11-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Shale industry legend Harold Hamm is looking to pull crude from "Generation 3" rock. This is a tougher form of rock that was largely neglected earlier in the shale revolution. AdvertisementAdvertisementShale industry legend Harold Hamm is looking ahead to the next potential breakthrough in US crude production. Hamm made a name for himself by applying horizontal drilling techniques to unlock vast amounts of oil in North Dakota's Bakken shale region. According to Bloomberg's calculations, oil drillers need crude prices of $86 or more to make their costliest wells profitable, up 50% since March 2022.

Persons: Harold Hamm, —, Hamm Organizations: Service, Bloomberg, Continental Resources, Exxon, Natural Resources Locations: North, Oklahoma

While the Florida governor had acknowledged that human-induced climate change was real earlier in his career, he has since backed away from that position, a shift that was apparent on Wednesday. "We will unleash American energy dominance as a way to stop inflation and achieve $2 gas in 2025," DeSantis said on Wednesday. DeSantis' speech, which was meant to broadly lay out his energy policy, comes as his campaign is in need of a boost. In addition to expanding fossil fuel production, DeSantis called for significant investments in so-called critical minerals, including the creation of a Critical Mineral Strategic Reserve. DeSantis said he would seek to require plaintiffs to pay compensation when they bring spurious litigation against energy projects.

Persons: Ron DeSantis, Mike Pence, Vivek Ramaswamy, Nikki Haley, Brian Snyder, DeSantis, Donald Trump's, Joe Biden, Harold Hamm, Dan Eberhart, Donald Trump, Gram Slattery, Sabrina Valle, Richard Valdmanis, James Oliphant, Timothy Gardner Organizations: U.S, South Carolina, Republican, REUTERS, Rights, Energy, Democrat, Continental Resources, Environmental Protection Agency, Republicans, Securities and Exchange Commission, Reserve, Thomson Locations: Florida, Milwaukee , Wisconsin, U.S, Midland , Texas, Texas, Colorado, California, Iowa

☆ Republican Hopeful DeSantis Attacks EVs, Emission Goals in Energy Plan
▼ + stars: | 2023-09-20 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +3 min

Taken as a whole, the plan represents a doubling down on pledges DeSantis and most of his Republican opponents have made on the campaign trail to jettison limits on fossil fuel production and consumption. While the Florida governor had acknowledged that human-induced climate change was real earlier in his career, he has since backed away from that position. The Florida governor has slid in the polls for months, and he now sits 37 points behind former President Donald Trump, according to the latest Reuters/Ipsos poll. DeSantis' plan calls on pensions and government accounts to eliminate environmental, social or governance considerations, known as ESG, from consideration when making investment considerations, a plan which tracks closely with moves he made as Florida governor. In addition to expanding fossil fuel production, DeSantis' plan calls for significant investments in so-called critical minerals, including the creation of a Critical Mineral Strategic Reserve.

Persons: Gram Slattery WASHINGTON, Ron DeSantis, DeSantis, Harold Hamm, Dan Eberhart, Donald Trump, Gram Slattery, Sabrina Valle, Richard Valdmanis, James Oliphant, Timothy Gardner Organizations: Republican, Continental Resources, Environmental Protection Agency, Republicans, Reserve Locations: Midland , Texas, Florida, Texas, Colorado, California

While the Florida governor had acknowledged that human-induced climate change was real earlier in his career, he has since backed away from that position. "We will unleash American energy dominance as a way to stop inflation and achieve $2 gas in 2025," DeSantis said on Wednesday. DeSantis' speech, which is meant to broadly lay out his energy policy, comes as his campaign is in need of a boost. The Florida governor has slid in the polls for months, and he now sits 37 points behind former President Donald Trump, according to the latest Reuters/Ipsos poll. In addition to expanding fossil fuel production, DeSantis called for significant investments in so-called critical minerals, including the creation of a Critical Mineral Strategic Reserve.

Persons: Ron DeSantis, Mike Pence, Vivek Ramaswamy, Nikki Haley, Brian Snyder, DeSantis, Harold Hamm, Dan Eberhart, Donald Trump, Gram Slattery, Sabrina Valle, Richard Valdmanis, James Oliphant, Timothy Gardner Organizations: U.S, South Carolina, Republican, REUTERS, Rights, Continental Resources, Environmental Protection Agency, Republicans, Reserve, Thomson Locations: Florida, Milwaukee , Wisconsin, U.S, Midland , Texas, Texas, Colorado, California

☆ Washington Has Energy Production All Wrong
▼ + stars: | 2023-08-07 | by ( Harold Hamm | ) www.wsj.com time to read: 1 min

Journal Editorial Report: How to make Congress a nullity. Images: Bloomberg News/Associated Press Composite: Mark KellyGasoline prices had their biggest one-day increase in a year on July 25, rising to an eight-month high, while oil passed $80 a barrel. More than half a century of experience working in the oil industry tells me that with the Organization of the Petroleum Exporting Countries doing all it can to keep prices high, the only way to prevent them from rising higher is to produce more oil and gas here at home.

Persons: Kelly Organizations: Bloomberg, Organization of, Petroleum

☆ Nikki Haley gets early support from wealthy donors while some remain on the sidelines
▼ + stars: | 2023-04-17 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Both Haley and Ramaswamy are trailing former President Donald Trump, according to the latest public polls. Team Stand for America's filing says the group received individual donations from wealthy donors ranging from $5,000 to $16,600. The joint fundraising committee finished raising over $4.3 million, while the Haley campaign itself brought in around $5.1 million, according to FEC records. Team Stand for America transferred about $1.8 million to the Haley campaign on March 31, according to the records. Leonard Stern, the CEO of real estate firm Hartz Mountain Industries, contributed the same amount as Hamm to Team Stand for America in March.

☆ Exclusive: Shale oil producer Continental Resources names Doug Lawler as CEO
▼ + stars: | 2022-12-06 | by ( Liz Hampton | ) www.reuters.com time to read: +1 min

Dec 6 (Reuters) - U.S. shale producer Continental Resources will name operating chief Doug Lawler as its new chief executive officer, according to a person familiar with the matter on Tuesday. Lawler was CEO at shale gas producer Chesapeake Energy (CHK.O) before joining Continental in February. Headquartered in Oklahoma City, Continental is one of the largest U.S. oil and gas shale drillers with a focus on North Dakota's Bakken shale. Lawler ran Chesapeake Energy for eight years, including through a bankruptcy process that it completed in 2021. He has been credited with whittling away at Chesapeake's $13 billion in debt and an ill-timed bet on shale oil just ahead of a oil price crash.

☆ We didn't want to be part of the herd so we departed and went private, says Continental Resources founder
▼ + stars: | 2022-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe didn't want to be part of the herd so we departed and went private, says Continental Resources founderHarold Hamm, Continental Resources founder and executive chairman, joins 'Squawk on the Street' to discuss the 'endless possibilities' for Continental Resources after going private, if his approach will change and more.

☆ Could Wildcatters Spoil the Oil Profit Party?
▼ + stars: | 2022-10-26 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

Harold Hamm will buy the shares of Continental Resources not owned by him and his family to take the company private. When one of the biggest, most vocal oil bulls decides to leave the public-market pen, it is hard not to notice. Continental Resources announced last week that its founder, Harold Hamm , and his family, who already own roughly 83% of the oil and gas producer, will buy the remainder of the company, taking it private for $74.28 a share. That would allow Mr. Hamm, a perennial oil bull, to have free rein and do with his capital what he wants.

Oct 17 (Reuters) - Continental Resources Inc (CLR.N) said on Monday it had agreed to be taken private by billionaire-founder Harold Hamm in a deal that would value the U.S. shale producer at about $27 billion. Smead Capital Management, the largest shareholder after the Hamm family with around 2%, had said in June the original offer "undervalues" the company. Register now for FREE unlimited access to Reuters.com RegisterThe company's shares jumped more than 8% to $73.88 in premarket trading. Hamm founded Continental, the largest oil and gas producer in the Bakken shale, as Shelly Dean Oil Company in 1967, and ran it as a private firm until 2007. Hamm and his family own 83% of Continental's common stock and the deal does not require a vote by shareholders.

☆ Continental Resources Agrees to Buyout From Founder Harold Hamm
▼ + stars: | 2022-10-17 | by ( Chris Wack | ) www.wsj.com time to read: 1 min

Harold Hamm , the billionaire fracking pioneer who helped launch the U.S. shale boom, agreed to buy the shares of Continental Resources not owned by him and his family for $4.3 billion and take the oil producer private. Mr. Hamm and his family collectively hold about 83% of Continental, the Oklahoma City-based oil producer he ran for decades as chief executive, fueling a shale-drilling bonanza in the Bakken Shale of North Dakota that is one of the larger U.S. oil-producing regions.

☆ Continental Resources Gets Buyout Offer From Founder
▼ + stars: | 2022-10-17 | by ( Chris Wack | ) www.wsj.com time to read: 1 min

Continental would continue as the surviving corporation after merging with Harold Hamm’s Omega Acquisition. Continental Resources said Monday it is being bought by Omega Acquisition Inc., an Oklahoma corporation that is owned by Continental’s founder, Harold G. Hamm. The company said Omega will begin a tender offer to purchase any and all of the shares outstanding of Continental’s common stock at $74.28 a share, other than shares owned directly or indirectly by Mr. Hamm and the Hamm family, and shares of common stock underlying unvested equity awards issued pursuant to Continental’s long-term incentive plans.

☆ Stocks making the biggest moves premarket: Continental Resources, Bank of America, Apple and others
▼ + stars: | 2022-10-17 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Bank of America (BAC) – Bank of America jumped 3.1% in premarket trading after beating top and bottom line estimates in its third-quarter earnings report. News Corp. (NWSA), Fox Corp. (FOXA) – News Corp. gained 3.5% in the premarket while Fox Corp. slid 4.1%. Meta Platforms (META) – Meta is falling short of its goals for its flagship metaverse product "Horizon Worlds", according to internal documents seen by the Wall Street Journal. Goldman added 1% in premarket trading. Archaea Energy (LFG) – The natural gas producer's shares soared 51.1% in premarket trading after agreeing to be acquired by BP (BP) for $26 per share.

☆ Stocks making the biggest moves midday: Roblox, Continental Resources, Fox Corp and more
▼ + stars: | 2022-10-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Fox Corp , News Corp — Fox shares dropped 8%, while News Corp gained more than 4% after Rupert Murdoch formed a special committee to explore a possible deal that would put his two media companies back together. Wells Fargo reiterated its equal weight rating on the streaming service ahead of the company's earnings this week. Speculative tech stocks — South American e-commerce stock Mercadolibre surged 11%, while Chinese tech stock Pinduoduo jumped more than 6%. Bank stocks — Several bank stocks moved higher Monday on positive earnings for the sector. Bank of NY Mellon gained 4.9% following its earnings beat and Signature Bank , set to report earnings on Tuesday, jumped 6%.

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