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• Oil Tycoon Harold Hamm Just Got $2 Billion Richer in One Day
  (Bloomberg) -- Billionaire oil baron Harold Hamm just had a very big day. Shares of his Continental Resources...
  (Bloomberg) -- Billionaire oil baron Harold Hamm just had a very big day.
  
  Shares of his Continental Resources Inc. surged 22% Monday, the most since 2016, adding $2 billion to his net worth, more than anyone else in the 500-member Bloomberg Billionaires Index.
  
  Global oil prices surged the most on record after a weekend aerial attack on Saudi Arabia’s Abqaiq oil complex crippled production, knocking out 5% of the world’s supply. A return to full operating capacity could take weeks or months.
  
  Shares of Continental had tumbled 20% on the year through Friday, a decline that was almost erased by Monday’s advance. The same is true for Hamm’s fortune, which now stands at $11.6 billion. He owns 77% of the Oklahoma City-based oil exploration and production firm.
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• EIA forecasts U.S. shale oil output to edge up by 74,000 barrels a day in October
  From MarketWatch:...
  From MarketWatch: Crude-oil production from seven major U.S. shale plays is forecast to climb by 74,000 barrels a day in October to 8.843 million barrels a day, according to a report from the Energy Information Administration released Monday. Oil output from the Permian Basin, which covers parts of western Texas and southeastern New Mexico, is expected to see the bulk of that increase, up 71,000 barrels a day in October from September. Shale oil output from the Anadarko and Eagle Ford regions, however, are expected to see slight monthly declines, the report showed.
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• ConocoPhillips, Private Equity See Shale Growth Opportunities
  HOUSTON—Having fought back from a downturn while trying to please investors, the U.S. shale industry...
  HOUSTON—Having fought back from a downturn while trying to please investors, the U.S. shale industry has continued to grow production with the Permian Basin in the driver’s seat thanks to improved techniques and technology.
  
  But there are still opportunities, according to panelists speaking this week during the Rice Alliance’s Energy and Clean Technology Venture Forum.
  
  “We today are only able to produce around 10%, plus or minus, of the oil and gas that’s there. So, basically 90% is left and that’s a big opportunity,” said Steinar Vaage, senior vice president of operations, wells and projects for ConocoPhillips. “We’re interested in ideas and ways on how we can get more out of the wells, more out of the subsurface, so we can increase our recovery.”
  
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• Platts: Oil Could Test $80 After Attacks In Saudi Arabia
  Oil prices could test the US$80 a barrel Brent Crude price, following the attacks on the Abqaiq facility...
  Oil prices could test the US$80 a barrel Brent Crude price, following the attacks on the Abqaiq facility and the Khurais oil field in Saudi Arabia this weekend, S&P Global Platts Analytics said in a note.
  
  The now high-risk premium and the sudden elimination of spare capacity adds a potential US$5-10 premium to oil prices, S&P Global Platts Analytics said, noting that “prices are likely to break out of the $55-65/b options range, more likely testing the high $70/b previously forecast, if not higher.”
  
  Additional risk premium “could see prices test $80/b despite Saudi Arabia today claiming production and exports will not be significantly impacted,” S&P Global Platts Analytics said on Saturday.
  
  
  
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• Oil prices jump as attack on Saudi plant threatens supply
  The loss of 5% of world crude oil output from an attack on Saudi Arabia's largest oil processing plant...
  The loss of 5% of world crude oil output from an attack on Saudi Arabia's largest oil processing plant pushed crude prices sharply higher on Monday.
  
  U.S. crude oil was trading 9.5% higher while Brent crude added more than 10%. The attack on the Saudi Aramco facility halted output of more than half of Saudi Arabia's daily exports.
  
  At 9:48 ET today, U.S. crude added $5.25 per barrel to $60.10 per barrel in electronic trading on the New York Mercantile Exchange. Brent picked up $6.08 per barrel to $66.30 per barrel.
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