The Enid News and Eagle, Enid, OK

Local and State News

May 15, 2013

Hamms reach no-fault divorce agreement

A statement from the attorney for Continental Resources CEO Harold Hamm said the billionaire and his wife have reached an agreement in their divorce.

“The Hamms have agreed to a no-fault divorce, based on irreconcilable incompatibility,” the statement from Enid attorney Craig Box said.

A hearing scheduled for Monday has been canceled, the statement from Box said. The hearing in Oklahoma County District Court was meant to determine the date the couple separated. A trial date has not been set.

Box said Harold Hamm would have no further comments.

“For the benefit of the children and family, Mr. Hamm will have no further comment on the matter,” Box said.

The couple confirmed their divorce in March, through a press release issued by the company.

“The matter is private. As they work through the process, Mr. Hamm is requesting privacy for the sake of his family and children,” the March release stated. “The court has issued a confidentiality order and he wishes to honor that order.”

Documents filed in the case are sealed, online court records show.

The couple has filed for divorce on two other occasions, but both times, the case was dismissed.

Harold Hamm filed for divorce Nov. 9, 1998, in Garfield County, according to online court records. The case was dismissed Dec. 15, 1998.

Sue Ann Hamm filed for divorce on Oct. 27, 2005, in Oklahoma County, according to online records. The case was dismissed Dec. 5, 2005.

Forbes lists Harold Hamm, 67, as No. 35 on the Forbes 400 list of the richest people in America. It lists his net worth as $11.3 billion, as of March.

Continental Resources is a top 10 petroleum liquids producer in the United States. In October 2012, the company announced a new five-year plan to triple production and proved reserves by year-end 2017. The company’s growth plan is based on developing its industry-leading leasehold in the nation’s premier oil play, the Bakken of North Dakota and Montana, as well as its position in the SCOOP and Northwest Cana plays of Oklahoma.

The company reported total revenues of $2.6 billion for 2012. Continental is headquartered in Oklahoma City.

Hamm started Continental in Enid in 1967, and announced in March 2011 he was moving company headquarters to Oklahoma City. He purchased the Devon Energy building in downtown Oklahoma City to become his new headquarters.

1
Text Only
Local and State News
News Photos


Enid News & Eagle photos taken throughout February 2014. Enjoy full-access all ENE photos at http://enidnews.smugmug.com