Billionaire oil wildcatter Harold Hamm has set aside hundreds of millions of dollars to pursue acquisitions in the U.S. Permian Basin after a 20-year quest to gain a foothold in the world’s biggest shale field.
Continental Resources Inc., the energy explorer founded and controlled by Hamm, may spend as much as $375 million on acquisitions by the end of this year, according to a regulatory filing late Wednesday. The document didn’t provide any additional details.
