Magnum Hunter Names VP of Finance

Magnum Hunter announced the appointment of Mr. Mark H. Wolf as Vice President of Finance for the Company, effective today. Mr. Wolf replaces Victor Ponce de Leon in this position. Mr. Wolf will report to the Company's Executive Vice President and Chief Financial Officer, Ronald D. Ormand.

Mr. Wolf has over 24 years of experience providing commercial banking, corporate finance and treasury related services to the various segments comprising the energy industry.

Management Comments

Mr. Gary C. Evans, Chairman of the Board and Chief Executive Officer of Magnum Hunter Resources commented, "It is with great pleasure today I am able to announce Mark Wolf's appointment as our new Vice President of Finance and Treasurer for Magnum Hunter. I have personally known Mark for approximately 15 years, and during that period, he has either worked as one of our lead commercial bankers or worked directly with me at the "old" Magnum Hunter. During this time, he has consistently demonstrated a vast knowledge of banking and corporate finance related matters, coupled with a strong and very professional work ethic. With the significant growth profile Magnum Hunter has achieved over the last couple of years, it was time to bring on a seasoned financial professional like Mark Wolf to assist senior management in our continued future growth plans."