Magnum Hunter announced the election of Mr. Stephen C. Hurley to the Company's Board of Directors, effective October 1, 2011. Mr. Hurley will serve as an independent director on the Board. With the election of Mr. Hurley, the Company's Board of Directors will be comprised of nine members. Mr. Hurley is replacing Mr. Gary L. Hall on the Company's Board of Directors who resigned effective October 1, 2011. Mr. Hall, a founding director of the Company, has elected to devote more time to his responsibilities as General Partner of privately-held Hall-Houston Exploration Partners, LLC.
Mr. Hurley, age 61, has 36 years of experience in the oil and gas industry. Mr. Hurley has been a member of the Board of Directors of Brigham Exploration since 2002, serving on the audit and compensation committees. Mr. Hurley is the former President and Board Member of Hunt Oil Company, having been associated with Hunt Oil for ten years, from August 2001 to August 2011. Prior to joining Hunt Oil, Mr. Hurley served as Chief Operating Officer, Executive Vice President and a member of the Board of Directors of Chieftain International, Inc. from August 1995 to August 2001. Prior to joining Chieftain, Mr. Hurley was Vice President of Exploration and Production of Murphy Exploration and Production Company. Prior to his tenure with Murphy Exploration, he was affiliated with Ocean Drilling and Exploration Company and Exxon Company USA. Mr. Hurley holds both Bachelor of Science and Master of Science degrees from the University of Arkansas and an advanced degree in business studies from Harvard University. Mr. Hurley resides with his wife in Dallas, Texas.
Mr. Gary C. Evans, Chairman of the Board and Chief Executive Officer of Magnum Hunter, commented, "I have had the opportunity and the pleasure to work with Steve Hurley a number of times during my career in the energy industry. Steve has a vast knowledge of our industry and most recently in his career, he has been specifically involved in all three of our unconventional resource plays while running Hunt Oil Company. Our Board of Directors is very pleased to announce the appointment of Steve and at the same time, we wish to thank Gary Hall for his wisdom and leadership over the past six years. I know I join everyone here at Magnum Hunter in wishing Gary Hall all of the very best in his future endeavors."
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