
On behalf of his family’s trusts, Harold Hamm proposes to take Continental Resource—the company he founded in 1967—private with an offer to acquire all remaining outstanding shares of Continental common stock for $70 per share in cash, representing an approximate 9% premium. (Source: Hart Energy)
Sign up for FREE access to view this article now!
Unlock Free AccessRecommended Reading
US Regulator Bars Freeport LNG Plant Restart over Safety Concerns
2022-07-01 - “Continued operation of Freeport’s LNG export facility without corrective measures may pose an integrity risk to public safety, property or the environment,” the U.S. PHMSA said in its preliminary report.
Whiting, Oasis Petroleum Become Chord Energy as Merger Closes
2022-07-01 - The new company, Chord Energy based in Houston, has a premier Williston Basin position with top tier assets across approximately 972,000 net acres and a pledge to return 60% of its free cash flow to shareholders.
Marketed: North Dakota Waterloods, Bottineau and Renville Counties
2022-07-01 - A private seller retained Energy Advisors Group (EAG) for the sale of certain Williston Basin operated assets located in Bottineau and Renville counties, North Dakota.
OPEC Oil Output Again Misses Target in June: Survey
2022-07-01 - The biggest decline from OPEC in June was in Libya, where supply dropped as unrest continued to curb the country’s output. The second-largest decline of 80,000 bbl/d came from Nigeria.
Russia Seizes Control of Sakhalin Gas Project, Raises Stakes with West
2022-07-01 - Russian LNG production from projects such as Sakhalin-2 was likely to suffer as a results, said Saul Kavonic, head of Integrated Energy and Resources Research at Credit Suisse. “This will tighten the LNG market materially this decade,” he added.