The divorce of Oklahoma oilman Harold Hamm from his ex-wife Sue Ann Arnall has made both social and financial headlines at every stage. With billions of dollars at stake (the marital estate was reportedly valued at around $18B), the settlement had potential to be the largest one in history.
Hamm is the founder and CEO of Continental Resources (CLR), the largest leaseholder in North Dakota’s oil-rich Bakken Shale. Ms. Arnall is an attorney and former Continental executive.
Continental’s investors watched the divorce proceedings carefully, considering the impact an enormous settlement could have on the share price of company stock. Most likely, there was also concern about the untold time and expense Continental’s own attorneys were devoting to the divorce effort.