Shale King Hamm: No Intention of Adding Rigs at $60

Shale King Hamm: No Intention of Adding Rigs at $60

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses US shale production strategies, focusing on Harold Hamm's approach to maintaining discipline in production despite fluctuating oil prices. It covers the concept of drilled but uncompleted wells, market balance, and future production growth plans. The discussion also touches on capital expenditure requirements and company priorities, emphasizing the importance of managing debt and cash flow effectively.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is Harold Hamm's position and what is he known for?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Continental Resources plan to stay disciplined with oil prices around $60.00 a barrel?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contribute to the decision of adding rigs according to Harold Hamm?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What does Harold Hamm mean by 'inventory overhang' and how has it changed?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of uncompleted wells in the context of production growth?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the four options for extra cash flow mentioned by Harold Hamm?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Continental Resources prioritize its goals in terms of production growth, dividends, and debt management?

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