Opinion: What Elon Musk Can Learn from an Oil and Gas Producer

Wall Street doesn’t want oil and gas producers to spend money; they want to harvest it instead. It would be Harold Hamm who would go first to tell Wall Street, “Nope,” writes Nissa Darbonne, Oil and Gas Investor executive editor-at-large.

Elon Musk could learn a lot from an oil and gas producer, Darbonne noted in her monthly column for Oil and Gas Investor. (Source: Koshiro K / Shutterstock.com)

[Editor's note: A version of this story appears in the July 2022 issue of Oil and Gas Investor magazine.]

It would be Harold Hamm. The morning of June 14, shortly after seeing Hart Energy’s breaking news alert about Hamm bidding to take Continental Resources Inc. private, I received a text.

Someone had replied to a Twitter post about the news, commenting, “Wonder what he’s seeing.”

Without knowing more details yet, I replied, “Wall Street doesn’t want oil and gas producers using equity to grow, so why be public?”

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Nissa Darbonne

Nissa Darbonne is author of The American Shales and has been a journalist since 1984, beginning in the oil and gas fields of South Louisiana. She writes for Oil and Gas Investor and is actively involved in Hart's conference agendas.