Prof. Ryan Kellogg comments on lease contract for CNBC May 23, 2024 In a piece from CNBC about the vice presidential prospect North Dakota Gov. Doug Burgum's relationship to oil magnate Harold Hamm, Harris Prof. Ryan Kelley, among other scholars, was asked to comment on a contract to lease 200 acres of Burgum's family's farmland to Hamm's company, Continental Resources. “The up-front bonus payment is not disclosed,” Kellogg said. “It’s just listed as ‘$10 and more’ where the ‘more’ is potentially significant. Bonuses are almost never disclosed in leases.” Kellogg said the document does not disclose details of a bonus to the Burgum farm company, except to give a low range of how much was paid. Read the full article here. Faculty Spotlight Ryan Kellogg Professor and Deputy Dean for Academic Programs Ryan Kellogg's research bridges industrial organization, energy economics, and environmental policy, focusing on the economics of resource extraction and on the transportation sector. Upcoming Events More events UChicago Harris Coffee Chat in Seoul Sun., June 30, 2024 | 10:00 AM Offer Bakery Cafe 21 Hongik-ro 5-gil Mapo-gu Seoul 04039 South Korea Harris Campus Visit Wed., July 10, 2024 | 10:00 AM Keller Center 1307 E 60th St Chicago, IL 60637 United States Harris Evening Master's Program Information Session Wed., July 10, 2024 | 12:00 PM