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Tag Archives: harold hamm

As oil falls, Hamm wants second look at divorce

Just a month after labeling the outcome of his divorce “fair,” billionaire oilman Harold Hamm appears to have changed his mind. The news agency Reuters reported Tuesday that Hamm’s appeal calls the decision to award his ex-wife $1 billion “erroneous and inequitable.” His appeal comes at a time when the price of oil has plunged by half, Reuters noted, which ...

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Continental Resources announces further budget cuts

Continental Resources (NYSE: CLR) has recently announced its plans to further cut its capital expenditures for the upcoming year but also projects the activity will increase production growth by up to 20 percent when compared to last year. Last month the company announced it would be cutting its budget from $5.2 billion to $4.6 billion. However, those figures have been ...

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The end of North Dakota’s oil boom is here

The Williston Herald is reporting that the Bakken Club, a business which made national headlines by operating as an exclusive, members only club in a tiny western North Dakota town, has fallen on tough times. The club has been evicted by its landlord for allegedly failing to pay rent. The club’s owners, for their part, claim the landlord wasn’t keeping ...

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Oklahoma-based Continental Resources cuts budget

OKLAHOMA CITY — An Oklahoma City-based oil and natural gas producer is slashing its 2015 drilling budget by more than 40 percent as crude oil prices continue to tumble. The Oklahoman reports that Continental Resources Inc. took the action on Monday but said it still plans to increase production 16 percent to 20 percent from 2014 levels. Continental CEO Harold ...

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Keystone XL viewpoints: Hoeven vs Hamm

keystone xl

Perhaps one of the most controversial political topics of the past six years, the Keystone XL pipeline debate gained ground last week when the House of Representatives passed the bill that approves the debated pipeline. The Senate is set to vote on whether or not to build the pipeline on Tuesday. The Takeaway with John Hockenberry on National Public Radio ...

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The top 5 Bakken stories of the week

Active rig count: 186 Saltwater spills: 0 1. Halliburton to purchase Baker Hughes Dow Jones reported today that Halliburton may buy Baker Hughes. The companies are two of the largest oil field service companies in the world. Prior to the announcement it has been stated that Baker Hughes is worth around $22 billion dollars. Halliburton has an estimated worth of ...

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Energy giant CEO’s ex-wife to appeal $1B divorce

divorce paper

OKLAHOMA CITY— The ex-wife of multibillionaire energy tycoon Harold Hamm plans to appeal a court ruling that awarded her nearly $1 billion in a divorce settlement, according to her attorney. An Oklahoma County judge awarded $995.4 million this week to Sue Ann Hamm, who was married for more than 20 years to Continental Resources Inc. CEO Harold Hamm before she ...

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