North Dakota's Bakken shale oil fields are stronger than ever, says billionaire drilling pioneer Harold Hamm

 Feb 15 2018
North Dakota's Bakken shale oil fields are stronger than ever, says billionaire drilling pioneer Harold Hamm

U.S. shale drilling pioneer Harold Hamm fired back on Wednesday at critics who say the North Dakota oil fields where he made his name — and minted a fortune — have already seen their best days.

Some industry watchers say wells are running dry too quickly, producing too much gas and yielding too little oil in the Bakken, North Dakota's premier shale oil region.

"Its demise was overexaggerated," Hamm told CNBC's "Squawk on the Street" on Wednesday. "The Bakken is back stronger than ever."

Bakken oil production has nearly rebounded to output levels prior to the 2014 collapse in oil prices.

Read more at https://www.cnbc.com/2018/01/31/north-dakotas-shale-oil-fields-stronger-than-ever-says-harold-hamm.html?

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