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March 21, 2013

Continental CEO Hamm, wife Sue Ann are divorcing

Staff reports Enid News and Eagle

Harold Hamm, chairman and chief executive officer of Continental Resources, confirmed Thursday he and his wife, Sue Ann, are divorcing.

The announcement was made 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 release stated. “The court has issued a confidentiality order and he wishes to honor that order.”

Thomson Reuters reported Thursday Sue Ann Hamm filed for divorce on May 19, 2012. Thomas Reuters also reported — citing a March 7 filing it had obtained — that Sue Ann Hamm alleges her husband was having an affair, which prompted her to file for divorce.

Documents in the case now are sealed, Thomson Reuters reported.

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 $9.7 billion.

The Hamm’s home in Enid is listed for sale for $1.2 million.

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.

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