Fracking Pioneer Harold Hamm Moves to Take Continental Resources Private


Harold Hamm, the billionaire fracking pioneer who helped launch the U.S. shale boom, is looking to take Continental Resources private, offering about $4.3 billion in cash to buy the portion of the company’s shares he and his family don’t already own.

Mr. Hamm, 76, and other members of his family collectively hold about 83% of Continental, the Oklahoma City-based oil producer he ran for decades as chief executive, fueling a shale-drilling bonanza in the Bakken Shale of North Dakota which is today one of the largest U.S. oil-producing regions.



Source link : www.wsj.com

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