Energy Daily

Oil Wildcatter Hamm Is Halting Drilling in the Bakken

Concerns over a global crude glut have pressured prices, weighing on profits.
Pumpjacks in the Bakken formation near Dickinson, North Dakota.Photographer: Bloomberg
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Welcome to our guide to the commodities driving the global economy. Today, reporter David Wethe looks at the impact of a weak crude market on one of America’s largest shale oil fields.

Harold Hamm, the billionaire wildcatter who helped kick off the US shale oil revolution, is once again making history. This time it’s a sign of retrenchment.