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Magnum Hunter Resources moving offices to Dallas area

By Bob Downing Published: August 7, 2014

From Magnum Hunter Resources today:

 

HOUSTON, TX--(Marketwired - Aug 7, 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 will relocate its corporate headquarters from Houston, Texas to the Dallas, Texas area effective on or about December 31, 2014. The Company's finance, treasury and reservoir engineering departments will be moving to the Dallas area as part of the corporate headquarters relocation. Additionally, the Company plans to consolidate its accounting department, which is currently located in Grapevine, Texas, to the new corporate headquarters.

Eureka Hunter Pipeline, LLC, a majority-owned subsidiary of the Company, will continue to maintain its corporate headquarters in Houston, Texas.

Magnum Hunter Management Comments

Mr. Gary C. Evans, Chairman of the Board and Chief Executive Officer of Magnum Hunter, commented, "Our Board of Directors and senior management have been considering this move for over a year, following the sale of our Eagle Ford assets in April 2013. Because our future growth potential is focused primarily in the Marcellus Shale and Utica Shale in West Virginia and Ohio, there is no longer any strategic reason to maintain both a corporate office in Houston and accounting department offices in the Dallas area. Additionally, not only do we gain the synergies of having all corporate personnel under one roof, we also expect to achieve significant G&A savings, including a reduction in travel expenses. Senior management is actively reviewing available office lease space predominantly in the Las Colinas area of the Dallas/Fort Worth Metroplex."

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, 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.

 

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Aug 07, 2014

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ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

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Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

Shale Sheet Fracking, a Youngstown Vindicator blog.

National Geographic's The Great Shale Rush.

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Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.

Concerned Citizens of Medina County, a grass-roots group.

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Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.