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Harold Hamm -- Richest Oilman in U.S. -- To Visit UND Friday, Dec. 3

Posted on 12/1/2010

Harold Hamm
Harold Hamm, cited by Forbes as the richest oilman in the United States and listed by as 136th on the list of world's billionaires, will visit the University of North Dakota Friday, Dec. 3. Hamm, founder and chief executive of Oklahoma-based Continental Resources, owns more oil and gas than any other American -- including oil in the Bakken, which covers much of western North Dakota. Estimates of reserves in the Bakken have more than doubled to more than 8 billion barrels.

While at UND, Hamm, who is hosted by UND President Robert Kelley, will visit with area legislators, lunch with area business and government leaders at the UND Energy & Environmental Research Center, will tour the UND School of Engineering and Mines, 1-1:50 p.m., and host a "Conversation with Harold Hamm" with students (particularly engineering, business and entrepreneurship students, although all students are welcome), 2-3 p.m. in Gamble Hall, Room 7.

Hamm is interested in UND because the University -- home to the world-renowned Energy & Environmental Research Center and the School of Engineering and Mines -- is developing an even greater energy and environmental emphasis to strengthen UND's already strong service to the state of North Dakota, particularly the energy industry, said UND President Robert Kelley. He cited the addition of a new Bachelor in Petroleum Engineering, a new Master of Science in Energy Engineering -- the nation's first graduate degree in Sustainable Energy Engineering), and a new customizable Ph.D. in Chemical Engineering, which join an already existing Ph.D. in Engineering with an energy track.

Kelley also cited the new UND Petroleum Research, Education and Entrepreneurship Center in the School of Engineering and Mines. The center is designed to help improve the understanding of petroleum geology, geophysics, and engineering of the Williston Basin, develop enhanced recovery techniques for the Bakken Formation, develop techniques for carbon sequestration (an internationally recognized area of expertise at the EERC) in the Williston Basin, and more.

Another example: the creation of the UND Institute for Energy Studies, which was approved earlier this year by the North Dakota Board of Higher Education.

"We believe that this Institute will address several of the 'Grand Challenges' identified by the National Academy of Engineering as major areas of concern to the nation," said Hesham El-Rewini, professor and dean of the UND School of Engineering and Mines. "When I came to UND, I quickly realized that UND has been a pioneer in energy-related research and education for more than 50 years. I proposed this Institute as an umbrella organization to coordinate, enable, facilitate and support interdisciplinary educational and research programs in energy related fields."

"In addition to offering interdisciplinary degree programs and certificates, the Institute aims to encourage students to get involved in research directly as part of their education," El-Rewini said. "We would like this Institute to contribute to energy-related policy-making and regulations. We will also pay great attention on outreach and public awareness; we would like to contribute to educate the public about energy issues and also change people's habits as far as energy is concerned.

"This isn't just about engineering," he said. "This is a campus-wide effort, involving all colleges and other campus units. When we said this is a UND Institute-that's what we mean. Examples: with the oil boom in the western part of the state, social problems have emerged that are not technical or engineering problems. These are issues that need to be studied by social scientists. When it comes to regulations and policies, we need lawyers and public policy experts. We can't do technology while neglecting social issues and policies."

The Institute will help the University teaching and research community focus on the big challenges, El-Rewini said.

Harold Hamm

According to Forbes, Hamm, the youngest of 13 children and the son of sharecroppers, grew up in a one-bedroom Oklahoma house. Today he still lives in Oklahoma, but now is one of the state's richest residents, overseeing oil & gas exploration and production company Continental Resources and helping to cure diabetes through the Harold Hamm Oklahoma Diabetes Center.

Harold G. Hamm, CEO
From Continental Resources

Harold G. Hamm has served as Chief Executive Officer and a director since our inception in 1967 and currently serves as Chairman of the board of directors. He also serves as Chairman of the board of directors 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"), also publicly traded on NASDAQ. 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.

From the Harold Hamm Oklahoma Diabetes Center

In 2007, Harold Hamm and his wife Sue Ann, through their charitable foundation, committed $7 million in support of the Oklahoma Diabetes Center at the University of Oklahoma Health Sciences Center and later gave an additional $3 million to help acquire the building that is now the Harold Hamm Oklahoma Diabetes Center.

The earlier gift to OU from the Harold and Sue Ann Hamm Foundation endowed three faculty chairs - one in adult diabetes, one in clinical diabetes research and one in adult diabetes clinical care or research. Additionally, $2 million was directed to the new Oklahoma Diabetes Center facility, and $1.4 million was used as bridge funding to support research and clinical activities as the endowments are established.

In Tulsa, an approximately 22,000 sq. foot, two-story building addition will house the Harold Hamm Oklahoma Diabetes Center and OU Cancer Institute Satellite Facility on the OU - Tulsa campus.

Mr. Hamm is founder, chairman and CEO of Continental Resources Inc., one of the largest privately owned oil and gas exploration and production companies in the country. He serves as chairman of Hiland Partners, LP, a publicly owned natural gas processing and gathering company, and as chairman of the Oklahoma Independent Petroleum Association, the nation's largest and most influential statewide oil and gas association.

Mrs. Hamm is a partner in both her husband's philanthropic and business ventures. In addition to her duties as manager of marketing at Continental Resources, she serves as secretary on the executive board of the Oklahoma Energy Resources Board, promoting education of future oil industry employees. She is past chairman of the Crude Oil Committee for the Oklahoma Independent Petroleum Association and is a member of the Oklahoma Bar Association.

The Harold Hamm Oklahoma Diabetes Center was established by an act of the state Legislature in July of 2006. In addition to a state appropriation of $10.5 million, the Center has received more than $16 million in private gifts and pledges, including the founding gifts by Sue Ann and Harold Hamm.

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