Shale king Hamm enters Permian Basin with Pioneer deal


NEW YORK: Harold Hamm, one of the richest and most prominent shale wildcatters, is finally taking a stake in North America’s biggest oil field.

Continental Resources Inc, the shale driller created and controlled by Hamm, agreed to acquire assets in the Permian Basin from Pioneer Natural Resources Co for US$3.25bil (RM13.50bil).

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Harold Hamm , oil field , shale

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