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Harold Hamm's Message For OPEC: Above $40, We're Coming Back

by posted 3years ago 29085 views
For leading U.S. shale oil producers, $40 is the new $70. Continental Resources Inc, led by billionaire wildcatter Harold Hamm, is prepared to increase capital spending if U.S. crude reaches the low- to mid-$40s range, allowing it to boost 2017 production by more than 10 percent, chief financial official John Hart said last week.