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Harold Hamm, the billionaire wildcatter and a major donor to President Donald Trump, has challenged a claim from the new US energy secretary that domestic oil companies could increase production even at prices as low as $50 a barrel.

Harold Hamm, a billionaire wildcatter, challenges the US Energy Secretary's claim that domestic oil companies can increase production at $50 a barrel, stating that shale needs $80 oil for some fields to cover costs.

Wildcatter Harold Hamm Says Shale Needs $80 Oil for Costly Fields

Harold Hamm, the billionaire wildcatter and a major donor to President Donald Trump, has challenged a claim from the new US energy secretary that domestic oil companies could increase production even at prices as low as $50 a barrel.

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