Month: January 2015

“We spent a lot of money to go out and drill and use new technologies Continue Reading

“You can never have an agreement whereby everybody cuts production. We can’t trust all OPEC Continue Reading

“Sweet crude from the Bakken fetched less than $32 per barrel on Jan 6, and Continue Reading

“Saudi Arabia and their allies have been very clear about not giving up market share.  It’s Continue Reading

“If prices go down, we are going to cut back to save our wealth—which is oil in the ground.  I’ve seen this six or seven times.  We have ample liquidity, our total revolver available, no near-term debt, a lean organization with just 1,100 people, production of 200,000 barrels per day, and a low-cost, high-margin operation.  We’re going to navigate right through it.”  

—   Bravado from Harold Hamm, CEO Continental Resource.