Magnum Hunter to move headquarters to Dallas

Magnum Hunter Resources Corp. plans to relocate its corporate headquarters from Houston to the Dallas area effective on or about Dec. 31.

The move includes its finance, treasury, and reservoir engineering departments. The company also will consolidate its accounting department, currently in Grapevine, Tex., to the new corporate headquarters.

Eureka Hunter Pipeline LLC, Magnum Hunter’s majority owned subsidiary, will continue to maintain its corporate headquarters in Houston.

“Our board of directors and senior management have been considering this move for over a year, following the sale of our Eagle Ford assets in April 2013,” said Gary C. Evans, Magnum Hunter chairman and chief executive officer. The company sold 40,600 gross acres in the play to Penn Virginia Corp. for $400 million (OGJ Online, Apr. 8, 2013).

“Because our future growth potential is focused primarily in the Marcellus shale and Utica shale in West Virginia and Ohio, there is no longer any strategic reason to maintain both a corporate office in Houston and accounting department offices in the Dallas area,” Evans explained, mentioning the Colinas area of the Metroplex as a possible location.

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected