Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
CURRENT ASSETS:
Cash and cash equivalents	$ 8,175	$ 554
Accounts receivable	37,178	11,705
Derivatives	7,677	0
Prepaids and other current assets	5,848	867
Total current assets	58,878	13,126
PROPERTY AND EQUIPMENT (Net of Accumulated Depletion and Depreciation):
Oil and natural gas properties, successful efforts accounting	888,219	189,912
Gas gathering and other equipment	109,888	42,689
Total property and equipment, net	998,107	232,601
OTHER ASSETS:
Deferred financing costs, net of amortization of $408 and $1,237 respectively	10,967	2,678
Derivatives and other long-term assets	9,612	562
Total assets	1,077,564	248,967
CURRENT LIABILITIES:
Current portion of notes payable	4,344	7,132
Accounts payable	91,797	33,319
Accrued liabilities	12,329	435
Revenue payable	5,745	2,630
Derivatives and other current liabilities	1,357	719
Total current liabilities	115,572	44,235
OTHER LIABILITIES:
Notes payable, less current portion	209,507	26,019
Asset retirement obligation	14,707	4,455
Deferred tax liability	94,763	0
Derivatives and other long term liabilities	2,769	700
Total liabilities	437,318	75,409
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS' EQUITY:
Preferred Stock
Additional paid in capital	564,255	152,439
Accumulated deficit	(79,149)	(49,402)
Accumulated other comprehensive income	(17,460)	0
Treasury stock at cost, 761,652 shares	(1,310)	(1,310)
Unearned common stock in KSOP at cost, 153,300 shares	(604)	(604)
Total Magnum Hunter Resources Corporation shareholders' equity	538,127	101,872
Non-controlling interest	2,119	1,450
Total shareholders' equity	540,246	103,322
Total liabilities and shareholders' equity	1,077,564	248,967
Series C Cumulative Perpetual Preferred Stock
REDEEMABLE PREFERRED STOCK:
Series C Cumulative Perpetual Preferred Stock, cumulative dividend rate 10.25% per annum, 4,000,000 authorized, 4,000,000 and 2,809,456 issued & outstanding as of September 30, 2011 and December 31, 2010, respectively, with liquidation preference of $25.00 per share	100,000	70,236
Series D Cumulative Perpetual Preferred Stock
SHAREHOLDERS' EQUITY:
Preferred Stock	71,062	0
Total shareholders' equity	71,062
Common Stock
SHAREHOLDERS' EQUITY:
Common stock	1,295	749
Total shareholders' equity	1,295	749
Exchangeable common stock
SHAREHOLDERS' EQUITY:
Common stock	38	0
Total shareholders' equity	$ 38