US energy tycoon’s ex-wife to appeal $1bn settlement

The ex-wife of multi-billionaire energy tycoon Harold Hamm plans to appeal a court ruling that awarded her nearly $1bn (€790,000m) in a divorce settlement, according to her attorney.

An Oklahoma County judge awarded $995.4m this week to Sue Ann Hamm, who was married for more than 20 years to Continental Resources CEO Harold Hamm before she filed for divorce in 2012.

Her attorney Ron Barber told The Oklahoman newspaper they plan to appeal, saying the amount is less than 6% of the couple’s estimated $18bn wealth.

Harold Hamm was an early believer in the Bakken oil shale formation, which is spurring the oil boom in western North Dakota. The state is now the nation’s second largest oil producer behind Texas.

Harold Hamm has been directed to pay $322m to his ex-wife by the end of the year, then minimum payments of $7m each month starting in January.

A spokeswoman for his Oklahoma City-based company, Kristin Miskovsky, said the settlement has no impact on the company’s business.

She declined to further comment. The judge’s order states that marital assets awarded to Harold Hamm totalled more than $2bn.

The judge also ordered most of the transcripts and court filings in the divorce case to remain sealed.

Sue Ann Hamm was awarded the couple’s $4.6m marital home in Nichols Hills, Oklahoma; an $800,000 home in Enid, Oklahoma; and a $17.4m home in Carmel Valley, California.

Harold Hamm was awarded a $750,000 home in Branson, Missouri, along with a log cabin and 154 acres in Major County, Oklahoma, valued at about $300,000.


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