Harold Hamm Says the Bakken Shale Could Produce 2 Million b/d

Harold Hamm Continental Resources
Harold Hamm Continental Resources

Harold Hamm followed reports from the NDIC that production had surpassed 900,000 b/d with a prediction that the Bakken will ultimately produce 2 million b/d.

Read more: North Dakota Reports Record Production Volumes in August 2013

His company, Continental Resources, controls over 1 million acres and produces approximately 80,000 boe/d from the Bakken.

A few other notable comments included:

  • We're 75% of the way to fully optimizing the Bakken
  • He believes our borders should be opened to oil exports
  • He doesn't expect an oil price crash. Oil is simply harder to find and produce than natural gas
  • Oil prices will remain in the $90-100 bbl range
  • The chances Keystone XL will be built are dwindling

Mr. Hamm was speaking at the Bloomberg Oil & Gas Conference held October 17, 2013 in Houston.