GMX RESOURCES INC. Announces New Additions To The Company's Land Department And Opens Denver, CO Office To Support Bakken And Niobrara Operations

OKLAHOMA CITY, March 14, 2011 (GLOBE NEWSWIRE) -- GMX RESOURCES INC . (NYSE:GMXR ), announces today three new members have been added to the Company's land department. The new land department staff will focus on development of our acreage in the Bakken, Niobrara and Haynesville/Bossier core areas.   The Company has also opened a Denver, CO regional office which will provide support for the Bakken and Niobrara operations. 

Buddy Wade joined the Company in 2010 as Manager of Acquisitions.  Most recently he was Manager/Senior A&D Landman/Mineral Buyer for Chesapeake Energy.   Buddy was an original member of MC Mineral Company, Inc., Chesapeake's wholly owned mineral buying subsidiary and was responsible for the management of large scale acquisitions of oil and gas mineral interests in multi-state regions.  He was Vice President, Land for William H. Lackey Oil and Gas /Saturn Land Company in Shawnee, Oklahoma for ten years and was Land Manager for Phoenix Acquisitions in Shawnee. 

Buddy holds a BBA in Petroleum Land Management from the University of Texas, Austin.  He is a Certified Professional Landman and is active in the American Association of Professional Landmen and the Oklahoma City Association of Professional Landmen.    Buddy will be located in GMXR Corporate offices in Oklahoma City.

Gregory (Greg) Ryan has been named Land Manager for the Bakken.   Most recently he was Land Negotiator Advisor DJ Basin for Noble Energy.    His previous experience includes roles as Sr. VP Land with Atlas Energy, Sr. Landman and Group Leader with Vantage Energy, EnCana Oil and Gas, Williams Production Co., Marathon Oil, JN Oil and Gas and Exxon USA.     

Greg holds a BBA in Petroleum Land Management from the University of Oklahoma.   He is Certified Professional Landman and is active in the American Association of Professional Landmen including the Denver and Montana Associations where he served on Executive Board from 1997-2000.