Magnum Hunter Triples Production Year Over Year - Q1 2012 Update

Magnum Hunter Resources tripled production year over year in the first quarter and the Eagle Ford is helping drive the company's strong growth.  In the first three months of the year, the company drilled four operated wells that all came on line at more than 1,325 boe/d, with the best well testing 2,250 boe/d. All production rates were reported from one day tests.  All four wells were fracture completed with 21-25 stages in 6,100 to 6,700 ft horizontal laterals.  With the new wells most of the company's acreage in Gonzales and Lavaca counties is now held by production.

In the company's non-operated position, Hunt Oil completed four additional wells that came on line with initial production rates between 167-920 boe/d.