Condensed Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
REVENUE:
Oil and gas sales	$ 25,547	$ 6,578	$ 65,555	$ 19,647
Field operations and other	6,892	1,342	14,545	3,330
Total revenue	32,439	7,920	80,100	22,977
EXPENSES:
Lease operating expenses	7,606	2,686	17,101	7,785
Severance taxes and marketing	1,933	648	4,729	1,878
Exploration	403	241	1,140	697
Field operations	5,954	1,300	10,184	3,143
Impairment of oil & gas properties		20		20
Depreciation, depletion and accretion	12,485	1,786	28,829	5,888
General and administrative	17,378	4,634	47,949	17,903
Total expenses	45,759	11,315	109,932	37,314
OPERATING LOSS	(13,320)	(3,395)	(29,832)	(14,337)
OTHER INCOME AND (EXPENSE):
Interest income	10	50	14	55
Interest expense	(2,272)	(982)	(6,988)	(2,675)
Gain (loss) on derivative contracts	17,341	(62)	16,667	2,348
Other income and (expense)	24		111
Nonoperating Income (Expense), Total	15,103	(994)	9,804	(272)
Gain (loss) from continuing operations before income taxes and non-controlling interest	1,783	(4,389)	(20,028)	(14,609)
Income tax benefit	272		470
Net income attributable to non-controlling interest	(55)	(26)	(172)	(91)
Net income (loss) attributable to Magnum Hunter Resources Corporation from continuing operations	2,000	(4,415)	(19,730)	(14,700)
Income from discontinued operations		690		1,645
Net income (loss)	2,000	(3,725)	(19,730)	(13,055)
Dividend on Preferred Stock	(3,952)	(601)	(10,017)	(1,310)
Net loss attributable to common shareholders	$ (1,952)	$ (4,326)	$ (29,747)	$ (14,365)
Weighted average number of common shares outstanding Basic and diluted	131,082,854	67,996,180	106,651,326	62,010,895
Basic and diluted Net loss from continuing operations	$ (0.01)	$ (0.07)	$ (0.28)	$ (0.26)
Net income from discontinued operations		$ 0.01		$ 0.03
Net loss per common share	$ (0.01)	$ (0.06)	$ (0.28)	$ (0.23)