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Magnum Hunter Resources' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Magnum Hunter Resources Corporation (MHR)

Q2 2012 Earnings Call

August 9, 2012 11:00 AM ET

Executives

Gabe Scott – VP, Capital Markets and Corporate Development

Gary Evans – Chairman and CEO

Ron Ormand – EVP and CFO

Kip Ferguson – EVP, Exploration

Jim Denny – EVP, Operations

Analysts

Veea Chan – SunTrust

Kim Pacanovsky – MLV

Jeff Hayden – KLR Group

Irene Haas – Wunderlich Securities

Joe Stewart – Citi

Hsulin Peng – Baird

Richard Tullis – Capital One

Steven Karpel – Credit Suisse

Presentation

Operator

Good morning, and welcome to the Magnum Hunter Resources Second Quarter 2012 Financial and Operating Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions)

Thank you. Mr. Scott, you may now begin.

Gabe Scott

Good morning. This is Gabe Scott and I’d like to welcome everyone to Magnum Hunter Resources Corporation second quarter 2012 financial and operating results conference call.

The purpose of today’s call is to discuss our second quarter 2012 financial and operating results among other matters of interest regarding the company.

Before we begin our presentation, I would like to advise you that today’s call may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of Securities Exchange Act of 1934.

Our presentation may include statements regarding our expectations, believes, intentions or strategies regarding the future. Such forward-looking statements may relate to, among other things, the company’s proposed exploration and drilling operations, production and revenue from its properties, and estimates regarding reserve potential. These statements are qualified by important factors that could cause the company’s actual results to differ materially from those reflected by the forward-looking statements, including those factors set forth in Risk Factors section of the company’s 2011 annual report on Form 10-K as well as the company’s first quarter and second quarter 2012 quarterly reports on Form 10-Q.

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