Harold Hamm: America's Great Wildcatter

The video discusses the journey of Harold Hamm and other wildcatters in the oil industry, focusing on their risky ventures in the 90s. Despite market skepticism and a challenging economic environment, they achieved a breakthrough with horizontal drilling in Cedar Hills. This success led to further exploration in the Williston Basin, where innovative techniques were employed to make the Bakken formation economically viable.

What was the initial reaction of the market to the wildcatters' efforts in the 90s?

• They ignored the efforts completely.

• They immediately invested heavily.

• They were skeptical and hesitant.

• They were highly supportive.

Which company, alongside Continental, developed the Cedar Hills field?

• Shell

• Burlington Resources

• Chevron

• ExxonMobil

What was the production rate that marked a significant discovery in the Cedar Hills field?

• 1200 barrels per day

• 700 barrels per day

• 1000 barrels per day

• 500 barrels per day

What was the key technique used to make the Bakken formation economically viable?

• Horizontal drilling with water injection

• Offshore drilling

• Hydraulic fracturing

• Vertical drilling

How many wells did it take before achieving success in the Williston Basin?

• 20 wells

• 18 wells

• 15 wells

• 10 wells