• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 6 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Revisiting: "The U.S. Grid Isn’t Ready For A Major Shift To Renewables" from March 2021 by Irina Slav at OILPRICE
  • 4 days How cheap Chinese tires might explain Russia's 'stalled' 40-mile-long military convoy in Ukraine
  • 13 hours Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65
  • 2 days Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.

The Oil Tycoon Creating An Energy Institute For The Next Generation

Oil and gas industry tycoon Harold Hamm has a dream. In that dream, the Harold Hamm Foundation and Continental Resources Inc. (NYSE: CLR), donate $50 million to Oklahoma State University to create the Hamm Institute for American Energy.

Only it’s not a dream.

Hamm and Continental will indeed have pledged these millions to create an American energy institute in the heart of Oklahoma. The Institute will educate the “next generation of energy leaders” in Oklahoma, the United States, and around the world, returning Oklahoma to its former glory as a global energy leader.

The Institute will have a state-of-the-art lab created just for oil and gas—complete with wells drilled below the building, according to a press release from t OSU.

It would be one of a kind.

The Institute is significant in another way as well. As the ESG movement picks up steam and some oil and gas companies dip their toes into renewable waters, an institute devoted to oil and gas could initially be seen by some as out of touch or tone-deaf. But the future of oil and gas decades from now is still seen by many as near-certain.

Related: Average Production Per U.S. Oil Rig Has Soared 81% Since 2019

One of the goals of the Institute would be to solve “one of society’s most pressing concerns,” adding that it would “change the trajectory of energy security in the United States.”

“The Hamm Institute will ensure America leads the world when it comes to advancing innovation and technology while responsibly producing the energy we need for decades to come,” the press release reads.

“It is part of the Continental mission—to find, nurture and inspire the next generation of energy leaders. We envision the Hamm Institute for American Energy to be the epicenter of learning, research and energy innovation for decades to come,” Continental Resources’ CEO Bill Berry said.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News