Thursday, March 01, 2012

Romney's latest billionaire crony turned energy adviser. Harold Hamm.

He IS hydraulic fracturing and he IS the TransCanada Keystone XL Pipeline.  


Romney's camp is corrupt from top to bottom filled with cronies that will profit even more from his candidacy with a chance to win the Executive Branch.


It is the truth and there is no denying it.  If I may?


...Mitt Romney,(click here) the front-runner for the Republican Party’s presidential nomination, appointed Oklahoma oil billionaire Harold Hamm as energy adviser to his campaign.
Hamm, the 66-year-old founder, chairman and chief executive officer of Continental Resources Inc. (CLR), will be chairman of Romney’s Energy Policy Advisory Group, the candidate’s campaign office said in a statement today.
Hamm ranked 36th on Forbes magazine’s list last year of the 400 wealthiest Americans. His 68 percent stake in Enid, Oklahoma-based Continental, the largest leaseholder in the Bakken oil formation, had a value of $11.2 billion as of yesterday’s close....

Forbes has Hamm listed as the 33rd richest man in the USA.  He is worth more than this listing in Forbes:





Harold Hamm (click here)


Net Worth
$7.5 B As of September 2011
He is actually worth $8.6 billion.  You could easily call him a Dick Cheney protege.  He practically owns Oklahoma as the fourth largest economic operation in the state.  His fortune is comprised of primarily three enterprises and they are all entrenched in fossil fuels, there is nothing alternative energy about this guy.  He can't hold a candle to Secretary Chu.  Hamm would not know the business end of a nuclear reactor if his life depended on it.
His primary operation is "Continental Resources." 

ContinentalResources' Earnings Beat Last Year's by 63% (click here)

updated 2/23/2012 4:24:31 AM ET
By 
...Looking ahead Next quarter's average estimate for revenue is $493.1 million....
Hamm is one of the guys that eats dinner with your gasoline price at the pump.
...Continental's (click here) output has continued to rise over the past year as new wells in North Dakota and Oklahoma deliver strong results. Climbing oil prices have also helped the company's top line, though losses on derivative contracts have sometimes overshadowed higher revenue from oil and gas sales....
Continental is Hamm's oil operations in Oklahoma and North Dakota.  But, where his holdings gets really interesting in with "Hiland Partners" and "Hiland Holdings as mentioned below.
He (Hamm) also serves as Chairman of the board of directors (click here) of the general partner of Hiland Partners LP and as Chairman of the board of directors of the general partner of Hiland Holdings GP, LP ("Hiland Holdings"). Hiland Holdings owns the general partner interest and units in Hiland Partners LP. He also serves as a director of Complete Production Services, Inc., a NYSE publicly traded oil and gas service company. Harold is past chairman of the Oklahoma Independent Petroleum Association and served as a founding board member of the Oklahoma Energy Resources Board. He was President of the National Stripper Well Association and founder and Chairman of Save Domestic Oil, Inc. He recently co-founded the Domestic Energy Producers Alliance to preserve the oil and gas markets for oil and gas produced in the United States. In 2011, he was inducted into the OIPA’s Wildcatters Hall of Honor, the association’s highest recognition.
Click here for Hiland Partners Asset Map. (click here)
The most northern location is Norse Natural Gas Gathering System in North Dakota.  
  • Location: Williams, Divide and Burke Counties, North Dakota
  • Miles of Pipe: 74 miles of natural gas gathering pipelines
  • Gathering Capacity: 25,000 Mcf/d
  • Processing Capacity: 25,000 Mcf/d
  • Basin/Formation(s): Williston; Bakken Shale and Three Forks/Sanish
This is a map of the USA and Canada.  North Dakota is in the north next to Canada and Oklahoma is in the south next to Texas.
Right? To the right is the Canadian Athabasca Oil Sands in Alberta, just northeast of North Dakota. And below is the proposed route for the Keystone XL Pipeline, right through the middle of the "Hilard Partners" North Dakota properties.  I'll be darn.
The Keystone XL Pipeline goes all the way to Port Arthur Texas right through Oklahoma. Interesting. Strange coincidence. See, the other properties, of which there are four in Oklahoma, of "Hiland Partners" is their headquarter in Enid. Enid is about less than one hundred miles northeast of Cushing, Oklahoma. I mean how much of a map of cronyism has to be drawn to know how corrupt Romney's campaign is?
Hiland Holdings (click here) lets.Hiland Partners do all the work. The company owns a 2% general partner interest in the natural gas gathering and processing company. Hiland Partners serves primarily the Mid-Continent and Rocky Mountain regions of the US. It maintains natural gas gathering systems, processing plants, treating facilities, and NGL fractionation facilities. Hiland Partners supplies natural gas and NGL products to transmission pipelines and various markets. Hiland Partners chairman Harold Hamm owns about 32% of Hiland Holdings and plans to take both companies private.
Hiland Holdings is the processing operation for natural gas into liquified natural gas. He and good ole Boone are probably the best of buddies. Yeah, buoy.
If this news (click here) doesn't make T. Boone Pickens at least a little happy, then I don't know what will.  The familiar brown-clad package carrier, United Parcel Service(NYSE: UPS), has purchased 48 new liquified natural gas (LNG)-powered tractors to add to its long-haul fleet operating in the southwest U.S.  The vehicles, which will replace older generation diesel vehicles, are expected to produce 25 percent fewer greenhouse gas emissions and displace 95 percent of fuel used by conventional diesel vehicles – an impressive savings of approximately 4,000 gallon a day for these 48 vehicles.
So there it is. The Romney Energy plan is to strip the USA of any reason to protect its agricultural lands and pump and frack until the cows come home. And Mr. Hamm's company Continental is doing really well. They are moving their headquarter soon to a different city in Oklahoma.
Our operations (click here) are focused on the Red River Units, Anadarko Woodford and Bakken field plays. Our operating strategy is to create shareholder value through organic growth and applying advanced technology to harvest oil and natural gas resources.
Although we evaluate strategic acquisitions periodically, our technical staff has internally generated substantially all of the opportunities for the investment of our capital.
Above is the operations map for Continental Resources.  I would just hate for them to run out of capital.  That would be a darn shame since they have such dedicated investment. So there is Romney's energy plan and the man in charge of it to make it all happen regardless of what is best for the USA and its agricultural sector and Clean Water Act.