HUE Legacy Ventures

Trump donor Harold Hamm's Continental Resources to develop oil region in Venezuela

Continental said it will develop and operate a patch in the Orinoco Belt that spans 126,000 acres and possesses an estimated 30 billion barrels of reserves.

Written by
Spencer Kimball
Published by
CNBC
Published
Length
146 words · 1 min
Trump donor Harold Hamm's Continental Resources to develop oil region in Venezuela
(L/R) Harold Hamm, chairman of Continental Resources, shakes hands with PDVSA Executive Vice President Jovanny Martinez after signing an agreement during the third day of the G20 Ministerial Meeting on Energy Abundance in Houston, Texas on September 16, 2026.Ronaldo Schemidt | Afp | Getty Images

Continental Resources on Wednesday signed a memorandum of understanding with Venezuela's state oil company to develop a massive crude patch in the South American nation.

Continental will develop and operate a patch in the Orinoco Belt that spans 126,000 acres and possesses an estimated 30 billion barrels of reserves, the company said in a statement. It plans to advance the MOU to a long-term agreement with Petróleos de Venezuela S.A. in the coming weeks.

Headquartered in Oklahoma City, Continental is one of the largest privately held oil and natural gas producers in the world.

This is a developing story. Please check back for updates.

Where this came from

This story was reported by Spencer Kimball and first published by CNBC on 16 September 2026. HUE Legacy Ventures did not write it.

Carried in full with attribution and a link to the original. Rights remain with the publisher, who may request removal at any time.

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