Magnum Hunter Resources Corporation (MHR), a driller 100% focused on the Marcellus/Utica emerged from bankruptcy in May, less than five months after filing (see Magnum Hunter Emerges from Bankruptcy with CEO Gary Evans Gone). As we observed at the time, we were surprised to read that MHR’s flamboyant CEO, Gary Evans, was gone from the company. In his place MHR named two of Evans’ lieutenants to serve as co-CEOs while the new board of directors looked for a permanent replacement for Evans. The search ended with the hiring of John K. Reinhart in September (see Magnum Hunter Finds New CEO to Replace Forced-Out Gary Evans). Reinhart and the board have continued to rebuild the company. Their latest addition will come next Monday when Michael R. Koy will join the company as Executive Vice President and Chief Financial Officer. Koy was most recently CEO of Denali Energy…
