Magnum Hunter Resources Announces Management Changes in the Finance Department

HOUSTON, TX--(Marketwired - Jan 21, 2014) - Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) ("Magnum Hunter" or the "Company") announced today that the Company has promoted Chris Benton to Vice President of Finance and Capital Markets and Cham King to Assistant Vice President of Investor Relations effective January 7, 2014. 

Mr. Benton previously served with the Company in his capacity as Assistant Vice President of Finance and Capital Markets and managed the investor relations function and capital market activities. Mr. Benton will continue to manage existing institutional relationships with an increased focus on corporate finance, corporate modeling, budgeting, and capital markets activities. Mr. Benton has been employed at the Company since January 2013. Mr. Benton has more than six years of prior banking and corporate finance experience in the energy industry with extensive capital market experience in the upstream and midstream sectors. Prior to joining Magnum Hunter, he worked at RBC Capital Markets as a Vice President in their energy corporate banking group and prior to that he was employed at Bank of Scotland. Mr. Benton holds a BA degree in Economics and Spanish from the University of Texas at Austin.

Mr. King joined Magnum Hunter in July 2012, where he has worked as a Financial Analyst in the Finance Department. Prior to joining Magnum Hunter, he completed an internship with the Company in the finance department for a period covering two summers. Mr. King graduated from Baylor University with a BA degree in Finance and Management. Mr. King has become the new primary contact for investor relations matters at the Company.

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, Ohio, Kentucky, and North Dakota. The Company is presently active in three of the most prolific unconventional shale resource plays in North America, namely the Marcellus Shale, Utica Shale, and Williston Basin/Bakken Shale. 

Availability of Information on the Company's Website

Magnum Hunter is providing a reminder that it makes available on its website (at www.magnumhunterresources.com) a variety of information for investors, analysts and the media, including the following:

• annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and any amendments to those reports as soon as reasonably practicable after the material is electronically filed with or furnished to the Securities and Exchange Commission;
• the most recent version of the Company's Investor Presentation slide deck;
• announcements of conference calls, webcasts, investor conferences, speeches and other events at which Company executives may discuss the Company and its business and archives or transcripts of such events;
• press releases regarding annual and quarterly earnings, operational developments, legal developments and other matters; and
• corporate governance information, including the Company's corporate governance guidelines, committee charters, code of conduct and other governance-related matters.
  
  

Magnum Hunter's goal is to maintain its website as the authoritative portal through which visitors can easily access current information about the Company. Over time, the Company intends for its website to become a primary channel for public dissemination of important information about the Company. Investors, analysts, media and other interested persons are encouraged to visit the Company's website frequently.

Certain information included on the Company's website constitutes forward-looking statements and is subject to the qualifications under the heading "Forward-Looking Statements" below and in the Company's Investor Presentation slide deck.

Forward-Looking Statements

This press release includes "forward-looking statements." All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. Although Magnum Hunter believes that the expectations reflected in the forward-looking statements are reasonable, Magnum Hunter can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings made by Magnum Hunter with the Securities and Exchange Commission (SEC). Among the factors that could cause results to differ materially are those risks discussed in the periodic reports filed by Magnum Hunter with the SEC, including Magnum Hunter's Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and its Quarterly Reports on Form 10-Q for the fiscal quarters ended after such fiscal year. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading "Risk Factors." Forward-looking statements speak only as of the date of the document in which they are contained, and Magnum Hunter does not undertake any duty to update any forward-looking statements except as may be required by law.