Eureka Hunter Agrees to Acquire TransTex Gas Services, LP for $58.5 Million

Magnum Hunter Resources Corporation

announced today that Eureka Hunter Holdings, LLC has entered into an Asset Purchase Agreement with TransTex Gas Services, LP, a privately-held company based in Houston, TX, for the acquisition of substantially all of the assets of TransTex, excluding the assumption of existing indebtedness. The purchase price is $58.5 million, consisting of approximately $46.8 million in cash and $11.7 million in common units of Eureka Hunter. Funding for the cash portion of the acquisition will be provided by the previously announced investment commitment from an affiliate of ArcLight Capital Partners ("ArcLight"). The acquisition is subject to certain conditions and is expected to close on or about April 2, 2012.