Company Led by Donald Trump’s Energy Adviser Says Its Oil Will Flow Through Dakota Access Pipeline
‘Continental Resources — the company founded and led by CEO Harold Hamm, energy adviser to Donald Trump’s presidential campaign and potential U.S. Secretary of Energy under a Trump presidency — has announced to investors that oil it obtains via hydraulic fracturing (“fracking”) from North Dakota’s Bakken Shale basin is destined for transport through the hotly-contested Dakota Access pipeline.
The company’s 37-page September 2016 Investor Update presentation walks investors in the publicly-traded company through various capital expenditure and profit-margin earning scenarios. It also features five slides on the Bakken Shale, with the fifth one named “CLR Bakken Differentials Decreasing Through Increased Pipeline Capacity” honing in on Dakota Access, ETCOP and how the interconnected lines relate to Continental’s marketing plans going forward.’
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