Meet the Billionaire Pioneer of America’s Oil Boom
From Yahoo News
By Amy Harder
Harold Hamm once drilled 17 wells without finding any oil. That is the longest string of dry holes he’s ever drilled and was back in the 1980s, more than a decade before he made billions leading the way in tapping into North Dakota’s rich oil fields.
So what’s the longest streak of oil-rich wells he has drilled? “It’s probably in the thousands,” he said, before adding with muted laughter: “Knock on wood.” (Click here for National Journal Daily‘s full interview with Hunamm.)
As founder and CEO of Continental Resources, an independent oil company that was the earliest and still is the largest producer of oil in the vast Bakken oil fields spanning Western North Dakota and parts of Montana and South Dakota, Hamm is one of the most influential thinkers in the oil industry today and one of the wealthiest people on Earth. He is worth $11.3 billion and ranked the 90th richest person in the world, according to Forbes.
The 67-year-old Hamm has a quintessential American rags-to-riches story, which was told over and over during the 2012 election when he was advising Republican presidential candidate Mitt Romney. The youngest of 13 children in a family of Oklahoma sharecroppers, Hamm started out after high school in Enid pumping gas and fixing cars while taking college classes in geology and engineering. He never got a degree.
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