Who Is Harold
Hamm?
Source: David Shankbone
American Oilman and Billionaire 20 Times Over
• Born in Oklahoma in 1945 (68
years old).
• Founded Continental
Resources a...
Humble Roots
The youngest of 13 siblings, Hamm grew up near Enid, Oklahoma.
His father was a sharecropper and minister.
En...
Advocacy for U.S. Oil Led to Massive Discoveries
•Hamm is one of the
largest individual
owners of oil in the
U.S. through ...
Early Advocate of “Unconventional” Oil
•Hamm’s Continental
Resources was one of the
first companies to use
hydraulic fract...
Image source: U.S. NOAA
How Hamm Beat the Bakken
•The Bakken field in North Dakota
was discovered in the 1950s.
•It’s “tig...
Image source: N.D. Dept of Mineral Resources
Turning North Dakota Into an Oil Power
•North Dakota is now the
second-larges...
Joining Fellow Billionaires in Philanthropy
•Harold Hamm has signed The Giving Pledge, a
commitment initiated by fellow bi...
Bonus Trivia: How Hamm Made Buffett Money
•The incredibly fast expansion of
oil production in North Dakota
has led to a se...
Warren Buffett: This new technology is a "real threat"
At the recent Berkshire Hathaway annual meeting, Warren
Buffett adm...
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Harold Hamm: From Humble Roots to a $20 Billion Fortune

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Who Is Harold Hamm?

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Harold Hamm: From Humble Roots to a $20 Billion Fortune

  1. 1. Who Is Harold Hamm? Source: David Shankbone
  2. 2. American Oilman and Billionaire 20 Times Over • Born in Oklahoma in 1945 (68 years old). • Founded Continental Resources as Shelly Dean Oil Co. in 1967. • Owns 126 million shares, good for 68% of the company. • Hamm’s stake is worth around $20 billion, making him one of the 30 most wealthy Americans. Image source: Continental Resources
  3. 3. Humble Roots The youngest of 13 siblings, Hamm grew up near Enid, Oklahoma. His father was a sharecropper and minister. Enid has the largest grain storage capacity of any U.S. city. Hamm has only a high-school degree, having learned about the oil business from the ground up, in the field. Image source: Continental Resources
  4. 4. Advocacy for U.S. Oil Led to Massive Discoveries •Hamm is one of the largest individual owners of oil in the U.S. through his stake in Continental Resources. •Continental’s proven reserves are a product of Hamm’s insistence that shale reserves could be produced with the right techniques. Image source: Continental Resources
  5. 5. Early Advocate of “Unconventional” Oil •Hamm’s Continental Resources was one of the first companies to use hydraulic fracturing, or “fracking,” combined with horizontal drilling. •In 2004, Continental completed the “Robert Heuer 1-17R” well, the first commercially successful well to be fracked and horizontally drilled in the Bakken. Image source: U.S. EPA
  6. 6. Image source: U.S. NOAA How Hamm Beat the Bakken •The Bakken field in North Dakota was discovered in the 1950s. •It’s “tight formation” -- i.e., oil contained inside shale rock formations -- broke the hearts (and budgets) of oil producers for decades. •At Hamm’s insistence, Continental spent years (and millions) before finally figuring out the techniques to unlock the Bakken’s resources.
  7. 7. Image source: N.D. Dept of Mineral Resources Turning North Dakota Into an Oil Power •North Dakota is now the second-largest oil- producing state behind Texas. •It surpassed 1 million barrels per day in production in April 2014. •This rate of production would make it one of the 20 largest oil-producing countries in the world. •Continental Resources is the largest producer and landholder in the state.
  8. 8. Joining Fellow Billionaires in Philanthropy •Harold Hamm has signed The Giving Pledge, a commitment initiated by fellow billionaires Bill Gates and Warren Buffett to give at least half of their wealth to charitable causes. •A Type II diabetic, Hamm has already donated millions of dollars to diabetes research, including a $10 million donation to the University of Oklahoma to fund the Harold Hamm Diabetes Center. •From Hamm’s letter to The Giving Pledge: “Through our giving pledge, we hope to encourage others to commit their time and resources to worthy causes that will enable other people with ambition and tenacity to achieve their goals.”
  9. 9. Bonus Trivia: How Hamm Made Buffett Money •The incredibly fast expansion of oil production in North Dakota has led to a serious lack of pipeline infrastructure. •So far in 2014, nearly two-thirds of the state’s oil production has been shipped via rail. •BNSF Railways, owned by Buffett’s Berkshire Hathaway, has generated more than $12.5 billion in profit since 2009, in no small part due to shipping crude oil. BNSF locomotive hauling crude oil. Source: Todd Murray.
  10. 10. Warren Buffett: This new technology is a "real threat" At the recent Berkshire Hathaway annual meeting, Warren Buffett admitted this emerging technology is threatening his biggest cash-cow. Find out how you can cash in on this technology before the crowd catches on. Click here to access a FREE investor alert on the company behind the technology.

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