Oil billionaire Harold Hamm, a supporter of U.S. President Donald Trump, invited Democratic presidential contender Sen. Elizabeth Warren (D-Mass.) to visit Oklahoma’s oil and natural gas fields while she is in the state this weekend.
Warren, an Oklahoma native who has called for higher taxes on multi-millionaires and pledged to ban fracking—the technology underpinning shale wells, will be in Oklahoma City to meet voters on Dec. 22.
Hamm's letter, sent to Warren on Dec. 18, said technological innovations like fracking have made Oklahoma the third-largest oil-producing state and made the U.S. “an energy and economic superpower.”
“Harold Hamm, Energy Whisperer” (Oil and Gas Investor October 2019 cover story)
“We were listening when you and your fellow members of the Democrat party have repeatedly said you would order an end to domestic development and production of oil and natural gas in the first weeks of your administration,” the letter said, referring to Warren's proposal to ban fracking.
A spokeswoman for Warren, who was in Los Angeles on Dec. 19 preparing for a Democratic party debate, did not immediately respond to a request for comment.
Hamm last week disclosed he would step down as CEO of Oklahoma-based Continental Resources Inc. and become the company’s executive chairman. He was an informal adviser to Trump’s 2016 presidential campaign and was considered for a cabinet post.
Offshore operations in the Gulf of Mexico will thrive with improving economics, while in the shale fields ... not so much; a new generation of leaders takes over following the retirement of a slew of industry icons, and just in time to tackle investor pressure on ESG issues, continuing consolidation and the pursuit of capital; and then there's the 2020 U.S. presidential election, in which the subject of energy is likely to play a prominent role.
Devon Energy had been actively shopping the Permian Basin assets, and others in the Rockies, the past several months.
Production from Occidental Petroleum's Permian Basin unit rose 57% to 250,000 boe/d in the fourth quarter, boosted by its investments in the basin.