Magnum Hunter Resources Announces the Appointment of a New

Magnum Hunter Resources Announces the Appointment of a New Senior
Vice President of Accounting and Chief Accounting Officer 
HOUSTON, TX -- (Marketwire) -- 10/23/12 --  Magnum Hunter Resources
("Magnum Hunter" or the "Company") announced today that the Company
has appointed Fred J. Smith, Jr., as Senior Vice President of
Accounting and Chief Accounting Officer (CAO), effective October 23,
2012. The Company's current CAO, David S. Krueger, will assist with
the transition through December 31, 2012.  
Mr. Smith brings more than 35 years of broad oil and gas financial
and operational accounting experience. Prior to joining MHR, Mr.
Smith was Corporate Controller of Pioneer Natural Resources from 2008
to 2012. Prior to that time, Mr. Smith was employed by ConocoPhillips
and held leadership positions in the Lower 48 Exploration and
Production Finance division and Global Financial Services
organizations from 2000 to 2008. Mr. Smith was Vice President of
Finance and Chief Financial Officer from 1998 to 2000 of River Gas
Corporation, a privately-owned coal bed methane operator which was
acquired by ConocoPhillips in 2000. Mr. Smith joined ConocoPhillips
following the acquisition of River Gas Corporation. Mr. Smith was
previously employed by The Louisiana Land & Exploration Company in
New Orleans, Louisiana, for over 20 years where he held a number of
management positions within various financial and operational
accounting areas. Mr. Smith began his professional career as a member
of the audit staff of Ernst & Young (formerly Ernst & Ernst). Mr.
Smith graduated from the University of New Orleans with a Bachelor of
Science degree in Accounting and has been a licensed CPA since 1975.  
Magnum Hunter Management Comments 
Mr. Ron Ormand, Executive Vice President and Chief Financial Officer,
commented, "We are extremely pleased to have the opportunity to bring
on the Magnum Hunter Team an individual with the years and the
breadth of experience in accounting, systems and processes with a
number of high quality companies in the oil and gas field. Fred will
be responsible for managing Magnum Hunter's accounting department
including all personnel, processes and financial reporting in order
to make sure that the Company is well prepared to manage the
Company's current operations as well as its further growth. I would
also like to thank David Krueger for his invaluable contributions to
Magnum Hunter over the last three years and wish him well in his
future endeavors."  
About Magnum Hunter Resources Corporation 
Magnum Hunter Resources Corporation and subsidiaries are a Houston,
Texas-based independent exploration and production company engaged in
the acquisition, development and production of crude oil, natural gas
and natural gas liquids, primarily in the states of West Virginia,
Kentucky, Ohio, Texas and North Dakota, and Saskatchewan, Canada. The
Company is presently active in five of the most prolific
unconventional shale resource plays in North America, namely the
Marcellus Shale, Utica Shale, Eagle Ford Shale, Pearsall Shale and
Williston Basin/Bakken Shale. 
For more information about Magnum Hunter Resources, please visit 
Gabe Scott
Vice President - Capital Markets and Corporate Development
(832) 203-4539 
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