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Hamm, the highest-paid CEO in
“I’m not going anywhere,” said Hamm, who pioneered the use of fracking that was used to tap a massive domestic oil play in the Bakken formation in
He acknowledged the role change comes during a tough time within the nation's oil and gas industry as it works its way through a global supply glut that is holding back oil prices and keeping natural gas prices at nearly historic lows.
In 2015, Hamm led an effort to convince
“We are living in the new oil era, driven by the American energy renaissance,” he said. “The result is a stronger economy, a stronger energy independent America and a safer world.”
Berry has more than four decades of oil and gas experience. As an executive at
“Bill is the perfect fit for Continental,” Stark said. “He enthusiastically embraces our culture and the way we conduct our business."
Berry commended Continental's asset portfolio, corporate culture and quality of its people.
“Harold and his team have built one of the greatest energy companies in America,” Berry said. “I know firsthand, the people at Continental are among the most talented, motivated and innovative in the industry.
“We are perfectly positioned for the future because of Continental’s ability to produce highly sustainable, low-cost, light sweet oil and natural gas.”
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