HispanicBusiness

Non-Operated

•HOC Goodwin 1H - This well was drilled and cased to a measured depth of 18,259 feet (horizontal lateral length of 8,310 feet), fraced with 25 stages and placed on production October 18, 2012. The 24 hour flowing production rate on October 30, 2012 was 435 Boepd on a 24/64" choke with 460 psi FTP. Magnum Hunter owns a 50% working interest and Hunt Oil Company is the operator.

Mr. H.C. "Kip" Ferguson, President of Eagle Ford Hunter, commented, "The overall proved reserves from the Company's Eagle Ford division continues to grow and the individual well EURs have also continued to increase over time with more production history under our belt. The 2012 year-end reserve report prepared by our third party consulting engineers reflects continued improvements as EURs on these Eagle Ford wells are up to 524 MBoe per well. Recent well completions should achieve 100 MBoe within a six to nine month time frame after completion. We deem this occurrence to be payout of the costs to drill and complete the well. The production efficiencies of our operations are due to a carefully designed artificial lift process that has matched the apparent stimulated reservoir volume, bottom hole flowing pressures, and production."

Williston Basin

Tableland

During the fourth quarter of 2012, the Williston Hunter Division placed on production 8 gross (6.7 net) wells in the Tableland Field. At the beginning of this year, there was 1 gross (0.9 net) wells drilled and awaiting completion. The Company continues to operate 1 drilling rig in the Tableland Field at working interests ranging from 70% to 100%. Operational efficiencies have continued to reduce drilling and completion costs, as cycle time of spud to first production has been reduced to 38 days well-to-well. The Company has continued to be active in acquiring both freehold mineral acres and Crown lands. During the fourth quarter, 1,979 net acres were acquired bringing our total net acres in the Tableland field to 42,960.

Highlights for the Tableland field include:

•91/09-14-001-10W2 - MHR drilled and cased this well to a measured depth of 12,195 feet (horizontal lateral length of 4,508 feet), fraced with 27 stages and placed on production October 22, 2012. The 24 hour flowing initial production rate was 845 Boepd. Magnum Hunter operates this well and owns a 100% working interest.

•91/12-15-001-10W2 - MHR drilled and cased this well to a measured depth of 11,716 feet (horizontal lateral length of 3,947 feet), fraced with 27 stages and placed on production October 26, 2012. The 24 hour flowing initial production rate was 707 Boepd. Magnum Hunter operates this well and owns an 85% working interest.

•92/16-11-001-10W2 - MHR drilled and cased this well to a measured depth of 12,152 feet (horizontal lateral length of 4,347 feet), fraced with 26 stages and placed on production November 23, 2012. The 24 hour flowing initial production rate was 512 Boepd. Magnum Hunter operates this well and owns a 70% working interest.

•91/16-14-001-10W2 - MHR drilled and cased this well to a measured depth of 12,201 feet (horizontal lateral length of 4,511 feet), fraced with 27 stages and placed on production December 16, 2012. The 24 hour flowing initial production rate was 900 Boepd. Magnum Hunter operates this well and owns a 100% working interest.

•91/13-15-001-10W2 - MHR drilled and cased this well to a measured depth of 11,781 feet (horizontal lateral length of 4,087 feet), fraced with 26 stages and placed on production December 25, 2012. The 24 hour flowing initial production rate was 207 Boepd. Magnum Hunter operates this well and owns an 85% working interest.