Hamm divorce could affect energy industry

A divorce case between American oil magnate Harold Hamm and his wife Sue Ann could impact one of the world’s largest energy companies, Oklahoma-based Continental Resources, Inc., of which Harold is founder, chairman, and CEO, the Dallas Business Journal reported on September 2.

Sue Ann filed for divorce in May 2012 and is seeking between $3 billion and $6 billion from the nearly $17 billion acquired by Harold during their 26-year marriage.

Should the court rule in favor of Sue Ann, Harold could face the difficult decision of selling shares in Continental to afford the award. This decision would affect not only the company, but also the American energy industry as a whole.

If you seek representation during your divorce in Denton, the attorneys at Alexander & Associates can help. Our legal team is dedicated to representing the interests of our clients throughout divorce proceedings, including asset and debt division, child custody, and other related issues. Call our offices at 972-420-6560 today to learn more.