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Republican presidential candidate and former president Donald Trump shakes hands with North Dakota Gov. Doug Burgum and Vivek Ramaswamy, left, at a campaign rally at the The Margate Resort in Laconia, NH on Monday, January 22, 2024.

Jabin Botsford | The Washington Post | Getty Images

If former President Donald Trump taps North Dakota Gov. Doug Burgum to be his running mate, the biggest beneficiary of the partnership could be someone else entirely: Harold Hamm, the billionaire founder of shale oil drilling giant Continental Resources, could end up with two powerful allies in a Trump White House.

Burgum’s ties to Hamm and the shale oil drilling giant he founded are complex. Continental is the largest oil and gas leaseholder in North Dakota, where oil and gas is biggest industry by revenue.

The two men also have a friendship outside of business: Burgum recently contributed a rave review blurb to Hamm’s new memoir. And during his 2023 state of the state address, Burgum compared Hamm favorably to President Theodore Roosevelt, describing Hamm as a person “whose grit, resilience, hard work and determination has changed North Dakota and our nation.”

But Burgum has an even more personal link to Continental: Burgum’s family leases their 200 acre farm land in Williams County to the energy giant for pumping oil and gas, according to previously unreported business records and a federal financial disclosure report.

Burgum made up to $50,000 in royalties while he was governor since late 2022 from the deal with Continental Resources, according to his financial disclosure, details of which have not been reported.

Experts told CNBC that Burgum and his family business likely made thousands more from the agreement with Continental Resources since signing a contract with the company in 2009.

This link between Burgum and Continental highlights one of the potential risks for Trump of selecting a running mate who has lived most of his adult life in private.

Burgum has never been subjected to the kind of scrutiny that someone like Sen. Marco Rubio, Fla., has undergone, and from which Rubio has emerged politically intact.

Burgum endorsed Trump in January, a month after he dropped out of the Republican primary for president. Since then, he has become an adviser to Trump on energy policy and joined a shortlist of contenders to be the former president’s running mate.

Hamm, meanwhile, is one of Trump’s biggest supporters in the industry. Burgum, Hamm and other industry advocates were reportedly at a meeting at Trump’s private club in Florida Mar-a-Lago, where the former president called on oil and gas executives to donate $1 billion to his campaign in exchange for his plan to roll back environmental regulations.

Hamm is co-hosting an event for Trump that’s sponsored by the former president’s political action committee, Make American Great Again Inc., on May 22, according to an invitation.

Continental Resources donated $1 million to the super PAC in April, according to Federal Election Commission records. Hamm gave $614,000 to the Trump 47 Committee in March.

Burgum’s oil deal with Continental

The original agreement between the Burgum Farm Partnership and Continental Resources was signed by Bradley Burgum, the governor’s late brother, according to a land lease reviewed by CNBC.

Burgum’s spokesman Mike Nowatzki told CNBC the contract was drawn up years before the governor was sworn into office in 2017.

“North Dakota is a leading energy producer, including the No. 3 oil producing state. Tens of thousands of families and mineral owners have similar arrangements,” Nowatzki said. “As the publicly available disclosures show: The cited agreement began many years before he became governor.”

Nowatzki did not answer specific questions about the deal, Burgum’s role with the family business or his relationship with Hamm.

A spokeswoman for both Continental Resources and Hamm, its executive chairman, did not respond to a request for comment. A spokesman for the Trump campaign did not return a request for comment.

CNBC obtained Burgum’s personal financial disclosure by a request to the Federal Election Commission. His business records were acquired through the North Dakota secretary of state’s office.

Data from North Dakota’s Minerals Department shows that the locations of the oil and gas wells matches the coordinates of Burgum’s family farm on his business records. The state’s data does not identify Burgum’s address, but the section where the farm and seven of Continental Resources wells are located within a small township named Brooklyn.

All seven wells have been active since 2011, just two years after Burgum’s family signed an agreement with Continental Resources. The wells have produced over 5,000 barrels of oil and thousands of cubic feet in natural gas in March alone, according to the latest data from Drilling Edge. It’s unclear how many of the seven wells are located directly on the Burgum property.

Burgum was elected governor in 2016 and reelected to a second term in 2020. He’s not running for reelection in 2024.

The Burgum Farm Partnership LLP, which oversees the family farm land in Williams County and Cass County, is worth between $500,001 and $1 million, according to the financial disclosure.

Doug Burgum is a managing partner of the Burgum Farm Partnership, and he signed the businesses’ latest annual report in March. Burgum’s financial disclosure says the governor is a non managing member and the company is a “family investment” limited liability partnership.

The company’s annual report that was filed to the secretary of state’s office in April lists Burgum, his late brothers’ children, his sister Barbara and his own three adult children as managing partners of the family business.

The oil and gas land deal says Continental Resources provides the Burgum Farm Partnership 19% of the proceeds from the sales of oil and gas Continental sold after it was pumped from the Burgum property, according to the contract and experts who reviewed the records.

“The Burgum Farm Partnership will receive 19% of the proceeds of the sales,” said Edward Hirs, an energy fellow at the University of Houston, in an email after reviewing the contract.  “The greater benefit is that the Burgum Farm Partnership does not have to invest any money to drill the wells, collect the hydrocarbons (no pipes, no tanks, no roads).”

The royalty payments arrive in monthly and quarterly installments, according to the agreement.

The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas.

Brandon Bell | Getty Images

Experts note that land holders leasing their property to oil and gas companies can make thousands of dollars more beyond the royalties in bonuses and other payments.

“The company will usually pay the land owner a ‘bonus’ for signing the lease (usually hundreds or thousands of dollars per acre, depending on how hot the market might be),” said Jack Balagia, an adjunct professor at the University of Texas and former general counsel for Exxon Mobil. 

Ryan Kellog, a professor at the University of Chicago who reviewed the contract, said the document does not disclose details of a bonus to the Burgum farm company, except to just give a low range of how much was paid.

“The up-front bonus payment is not disclosed,” Kellog said. “It’s just listed as ‘$10 and more’ where the ‘more’ is potentially significant. Bonuses are almost never disclosed in leases,” Kellog said.

The Burgum contract also says that the family business made money from Continental Resources through one initial down payment called “paid-up” on the lease, with no details provided on how much Burgum and his family saw from that part of the agreement.

“By paid-up, a lease where all cash for the term of the lease is paid upfront, and by a rental form, we mean one with a down payment and rental payments once a year after that,” said Ted Borrego, an adjunct professor at the University of Houston Law Center.

Burgum drilling contract raises questions

North Dakota Governor Doug Burgum encourages voters to support Republican presidential candidate and former President Donald Trump during a campaign rally in the basement ballroom of The Margate Resort on January 22, 2024 in Laconia, New Hampshire. 

Chip Somodevilla | Getty Images

Neither of Burgum’s two financial disclosures from his successful runs for governor reveal a land deal with Continental Resources. North Dakota only requires candidates for state office to disclose the names of businesses that do not act as their principal source of income. No other details are required to be disclosed.

Since Burgum first ran for governor in 2016, he’s disclosed to the North Dakota secretary of state’s office that he and his wife Kathryn have a financial interest in over a dozen companies, including Burgum Farm Partnership.

But those three page state records do not specify how much of a financial interest they have in these companies, nor any money they make from those businesses. 

A candidate for president or Congress is required to disclose many more details, including a range of income from each of their assets during the previous 12 months.

Burgum’s federal disclosure report spans 26 pages and reveals scores of closely held LLCs, partnerships and assets. With a net worth easily in the hundreds of millions, the Continental lease forms only a small part of Burgum’s income streams.

Burgum and Trump aligned on energy

Ultimately, it may not matter to Trump whether Burgum has been fully vetted, if the governor is the person he wants on his ticket.

For Trump, Burgum represents a key ally in the oil and gas business, as the former president looks to raise money from the industry’s executives.

Dan Eberhart, who runs oil and gas drilling company Canary, said a Trump/Burgum ticket could help to accomplish this.

“Choosing Burgum would bring more industry donors to Trump’s orbit,” Eberhart said in a recent interview.

“Nominating Burgum as VP would send a strong signal to the industry that we would have an important voice in a potential Trump administration,” he added.

U.S. President Donald Trump greets Harold Hamm after he was introduced by Hamm at the Shale Insight 2019 Conference in Pittsburgh, Pennsylvania, U.S., October 23, 2019.

Leah Millis | Reuters

Government ethics watchdogs have also started to take notice of the relationship between Trump, Hamm, Burgum and others linked to the oil and gas industry.

“The fact that Mr. Burgum has an income producing, oil and gas lease arrangement with Continental Resources itself raises its own concerns, since Continental Resources’ executive chairman, Harold Hamm, recently participated with other oil and gas executives and Mr. Burgum in the Mar-a-Lago meeting Mr. Trump held last month seeking $1 billion in fundraising from those in attendance,” said Canter.

“Under these circumstances, Mr. Burgum seems to be uniquely positioned to benefit himself both financially and politically depending on what he is able to bring to the table that would serve the respective interests of Trump and Hamm,” she said.

Hamm’s company has had extensive business in North Dakota for over a decade and the state is ranked in the top three states to produce oil.

In 2022, Hamm announced Continental Resources was investing $250 million into a pipeline that spanned 2,000 miles to capture carbon dioxide and pump it underground for storage in North Dakota. Last year, Hamm donated $50 million to a North Dakota based library.

Hamm’s alliance with Burgum preceded a donation Continental Resources made to a PAC that backed the North Dakota governor when he ran for president. The company gave $250,000 to the pro-Burgum Best of America PAC in July, according to FEC filings.

Burgum’s gubernatorial campaign has regularly been backed by other executives in the oil and gas industry, according to data from the nonpartisan OpenSecrets.

Burgum’s successful campaign for governor in 2020 received over $35,000 from those in the oil and gas industry. That amount is second only to the over $1 million Burgum put into his campaign.

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Tesla settles another fatal Autopilot crash before it gets to trial

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Tesla settles another fatal Autopilot crash before it gets to trial

Tesla has agreed to settle another wrongful death lawsuit from a fatal crash involving Autopilot before the case could get to trial later this year.

It’s one of many lawsuits involving several crashes involving Tesla’s advanced driver assistance systems (ADAS), Autopilot and Full Self-Driving (Supervised), after the floodgates were open following a watershed trial.

Over the last few years, Tesla vehicles have been involved in numerous accidents involving the automaker’s advanced driver assistance systems (ADAS): Autopilot and Full Self-Driving (Supervised), better known as ‘FSD’.

Despite the names of those feature packages, they are not considered automated driving systems. They are Level 2 driver assistance systems and require the driver’s attention at all times.

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Drivers and victims involved in those crashes have often sued Tesla, but the automaker has managed to have the cases dismissed, placing most of the blame on the drivers.

However, things started to change over the last year.

Last year, Tesla settled a wrongful death lawsuit involving a crash on Autopilot that happened in 2018, and last month, the automaker lost its first trial over a crash that occurred in Florida in 2019.

For the first time, a case went to trial before a jury, and they decided to assign a third of the blame for the crash to Tesla for the role Autopilot played. The rest of the blame was assigned to the driver, who had already settled with the victims and their families before the Tesla trial began.

The jury awarded the plaintiffs $243 million. The automaker has made clear its intentions to appeal the verdict.

Before the trial, the plaintiffs offered Tesla to settle for $60 million, and the company refused.

The trial process cost them much more.

The jury didn’t buy Tesla’s usual argument that it couldn’t be blamed because it clearly informs the driver that they are always responsible for the vehicle. The plaintiffs’ lawyers successfully argued that Tesla was careless in the way it deployed Autopilot, without implementing geofencing and marketing it to customers in a manner that encouraged the abuse of the system.

Following the trial results, Electrek reported that the “floogates of Autopilot lawsuits” were open.

There are dozens of additional lawsuits against Tesla involving incidents with Autopilot and FSD, and they are all riding on the verdict as well as all the information that came from the trial.

The same lawyers and law firms that represented the plaintiffs in the trial in Florida are also representing victims and the families in those other lawsuits.

Brett Schreiber, the lead attorney in the Florida case, is also leading Maldonado v. Tesla, another wrongful death lawsuit against Tesla involving its Autopilot feature. The case was set to go to trial in the Alameda State Superior Court by the end of the year.

The case involves a Tesla vehicle on Autopilot that hit a pickup truck on the highway, killing fifteen-year-old Jovani Maldonado, who was a passenger in the pickup truck. His father was driving him back home from a soccer game.

In a new court filing, Tesla and the plaintiffs have requested that the court approve a settlement that the two parties have reportedly agreed upon.

The settlement is confidential.

Electrek’s Take

Like I said, the floodgates are open. We are now starting to see the crashes that occurred in 2018 and 2019 being addressed in court.

This is just the beginning.

Crashes on Autopilot and then FSD have greatly ramped up starting in 2020-2021 with greater delivery volumes and Tesla launching FSD Beta.

I hope that more cases reach trial, as we do learn a lot more about Tesla and its deployment of driver assistance systems through them.

But with how the first one went, I am sure the automaker is much more eager to settle those cases.

However, can it just keep doing that?

There have already been over 50 deaths related to crashes involving Tesla Autopilot or FSD.

As morbid as it sounds, if the going rate for a Tesla Autopilot-related death is around $50 million, that’s already more than $2.5 billion and growing.

This is nuts. Will this continue to happen?

More people die in crashes involving Tesla’s half-baked ADAS products. Tesla continues to compensate the victims and their families with millions each time, essentially using the money it earns from selling the dream of those half-baked ADAS features eventually leading to real autonomy.

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Lucid (LCID) launches major Gravity update which makes towing ‘a breeze’ and more

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Lucid (LCID) launches major Gravity update which makes towing 'a breeze' and more

Lucid (LCID) rolled out a software update for the Gravity, which makes towing “a breeze” with helpful new features. Plus, Lucid is giving Gravity buyers the chance to try out exclusive new features still in development.

Lucid launches Gravity UX 3.3 software update

The Gravity already stands out, boasting up to 450 miles of range, lightning-fast charging speeds, and an Escalade-sized interior.

Through its new over-the-air (OTA) software update, launched on Tuesday, Lucid unlocked several new features and functions for Gravity drivers.

The Gravity UX 3.3 update introduces new features that Lucid promises will make towing “a breeze,” including an Integrated Trailer Brake Control, Hitch View, and a Trailer Light Check.

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Hitch view gives you the ability to see the trailer hitch directly on the Gravity’s infotainment screen. You know, to make sure it’s still connected and all. To ensure your trailer lights are working, the new Trailer Light Check feature illuminates them in a sequence. You can use it directly on the Lucid mobile app.

Lucid is offering Gravity drivers the chance to try out two new Halo Secure features, Live View and Drive Recorder, which are still in development.

Live View uses the external cameras, enabling you to see what’s around your vehicle in real-time remotely using the Lucid mobile app. Drive Recorder will capture clips, such as an accident, saving it directly to your USB storage device (which is not provided).

Lucid introduced a slew of other tweaks and modifications to make the Gravity’s infotainment system quicker and easier to use. You can now drop a bookmark on the home screen as a shortcut to navigate to your favorite places.

Lucid-Gravity-interior
The interior of the Lucid Gravity (Source: Lucid)

The Gravity’s audio system now “delivers clearer sound than ever,” Lucid said during phone calls with less background noise.

Lucid currently offers the Gravity Grand Touring, which starts at $94,900 in the US. Soon, Lucid will launch the lower-priced Touring model, starting from $81,550.

Lucid-Gravity-update
Lucid Gravity Grand Touring in Aurora Green (Source: Lucid)

Orders for the Lucid Gravity Grand Touring opened in Europe last week with deliveries set to begin in early 2026. Lucid’s electric SUV starts at 116,900 euros ($137,000) in Germany, including VAT. Soon, the Lucid Gravity Touring will be available, starting at 99,900 euros ($117,000) in Germany.

Lucid is currently offering some of its biggest promotions to date, with the $7,500 federal tax credit set to expire at the end of the month. The Air is the most affordable it’s ever been this month, with leases starting at just $509 per month.

Ready to test drive it out for yourself? We’re here to help you get started. You can use our links below to find Lucid Air and Gravity models in your area.

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California just greenlit the future of curbside V2G EV chargers

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California just greenlit the future of curbside V2G EV chargers

California just awarded $1.1 million to Brooklyn-based EV charging company it’s electric to develop what would be the world’s first curbside vehicle-to-grid (V2G) EV charger.

The grant comes from the California Energy Commission’s Enabling Electric Vehicles as Distributed Energy Resources program, part of the state’s Electric Program Investment Charge (EPIC) initiative. Working with UC Berkeley and the University of Delaware, it’s electric plans to have the technology ready for the market by 2028.

The V2G charger won’t just pull electricity from the grid to charge a car; it will also be able to push energy back into the grid directly from the EV – something that has never been done in a curbside format, where millions of cars sit parked every day.

The new hardware will look the same as it’s electric’s current design but will bring bidirectional charging to city streets, including in low-income and disadvantaged communities. That means more equitable access to V2G technology, which can speed up EV adoption and cut emissions in line with California’s climate goals.

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The project also includes the development of the J3068 Active Cable with the University of Delaware. This cable combines the SAE-standard untethered charging format with Delaware’s Active Cable Communication Module. That combo enables bidirectional charging while linking driver account info to the cable, making the system reliable and compatible across different charging setups.

Nathan King, cofounder and CEO of it’s electric, said, “Seven million light-duty vehicles are routinely parked on city streets in California. As these vehicles convert to electric, their batteries have enormous potential to help offset peak demand in critically overstrained electric utility service areas.” He added that all EV drivers should have equal access to programs that reward participation in demand-response and V2G services.

Commissioner Nancy Skinner added that the project could let cars do more than just drive: “it’s electric’s impressive project will pilot EV chargers that can not only power a car but also help that car power our grid, demonstrating the economic and resiliency benefits of V2G technology.”

At scale, curbside V2G chargers could allow cars parked on city streets to serve as distributed energy resources, helping both drivers and grid operators. By turning EVs into mobile batteries, the tech could reduce strain on the grid and avoid costly infrastructure upgrades.

UC Berkeley professor Scott Moura said his team is “excited to get to work on this project, and proud to be hosting deployment and testing of the world’s first bidirectional curbside charger.”

And University of Delaware professor Willett Kempton, a longtime V2G pioneer, called the investment another step forward: “We applaud the California Energy Commission for investing in this project, which will advance the ability of all communities to take advantage of V2G opportunities.”

Read more: San Francisco just joined the curbside EV charger movement


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