Magnum Hunter Resources 10-Q 11 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	8-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	MAGNUM HUNTER RESOURCES CORP
Entity Central Index Key	1335190
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		208,300,253
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

CONSOLIDATED_BALANCE_SHEETS_Un

CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
CURRENT ASSETS
Cash and cash equivalents	$13,653	$53,180
Oil and natural gas sales	6,718	16,319
Joint interests and other, net of allowance for doubtful accounts of $459 at March 31, 2015 and $308 at December 31, 2014	10,654	23,888
Derivative assets	15,376	16,586
Inventory	3,412	2,268
Investments	2,225	3,864
Prepaid expenses and other assets	2,750	4,091
Total current assets	54,788	120,196
PROPERTY, PLANT AND EQUIPMENT
Oil and natural gas properties, successful efforts method of accounting, net	1,066,623	1,098,235
Gas transportation, gathering and processing equipment and other, net	77,534	77,423
Total property, plant and equipment, net	1,144,157	1,175,658
OTHER ASSETS
Deferred financing costs, net of amortization of $15,906 at March 31, 2015 and $15,099 at December 31, 2014	22,093	22,856
Other assets	875	3,928
Investment in affiliates, equity method	346,912	347,191
Total assets	1,568,825	1,669,829
CURRENT LIABILITIES
Current portion of long-term debt	10,171	10,770
Accounts payable	112,459	130,502
Accounts payable to related parties	2,239	90
Accrued liabilities	35,204	20,277
Revenue payable	6,532	5,450
Other liabilities	2,377	1,356
Total current liabilities	168,982	168,445
Long-term debt, net of current portion	940,809	937,963
Asset retirement obligations, net of current portion	25,564	26,229
Other long-term liabilities	5,499	5,337
Total liabilities	1,140,854	1,137,974
COMMITMENTS AND CONTINGENCIES (Note 14)
SHAREHOLDERS' EQUITY
Common stock, $0.01 par value per share, 350,000,000 shares authorized, and 202,449,056 and 201,420,701 issued, and 201,534,104 and 200,505,749 outstanding as of March 31, 2015 and December 31, 2014, respectively	2,024	2,014
Additional paid in capital	912,957	909,783
Accumulated deficit	-899,313	-784,546
Accumulated other comprehensive loss	-66	-7,765
Treasury stock, at cost	-1,914	-1,914
Total shareholders' equity	327,971	431,855
Total liabilities and shareholders' equity	1,568,825	1,669,829
Series C Cumulative Perpetual Preferred Stock
REDEEMABLE PREFERRED STOCK
Redeemable preferred stock	100,000	100,000
Series D Cumulative Perpetual Preferred Stock
SHAREHOLDERS' EQUITY
Preferred Stock	221,244	221,244
Series E Cumulative Convertible Preferred Stock
SHAREHOLDERS' EQUITY
Preferred Stock	95,069	95,069
Treasury stock, at cost	($2,030)	($2,030)

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Accounts receivable, allowance for doubtful accounts	$459	$308
Amortization of deferred financing costs	$15,906	$15,099
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	350,000,000	350,000,000
Common stock, shares issued	202,449,056	201,420,701
Common stock, shares outstanding	201,534,104	200,505,749
Treasury stock, shares	914,952	914,952
Series C Cumulative Perpetual Preferred Stock
Cumulative dividend rate (as a percent)	10.25%	10.25%
Preferred stock, shares authorized	4,000,000	4,000,000
Preferred stock, shares issued	4,000,000	4,000,000
Preferred stock, shares outstanding	4,000,000	4,000,000
Preferred stock, liquidation preference (in dollars per share)	$25	$25
Series D Cumulative Perpetual Preferred Stock
Preferred stock, shares authorized	5,750,000	5,750,000
Cumulative dividend rate for cumulative preferred stock (as a percent)	8.00%	8.00%
Preferred stock, shares issued	4,424,889	4,424,889
Preferred Stock, Shares Outstanding	4,424,889	4,424,889
Preferred stock, liquidation preference (in dollars per share)	$50	$50
Series E Cumulative Convertible Preferred Stock
Preferred stock, shares authorized	12,000	12,000
Cumulative dividend rate for cumulative preferred stock (as a percent)	8.00%	8.00%
Preferred stock, shares issued	3,803	3,803
Preferred Stock, Shares Outstanding	3,722	3,722
Preferred stock, liquidation preference (in dollars per share)	$25,000	$25,000
Treasury stock, shares	81	81

UNAUDITED_CONSOLIDATED_STATEME

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
REVENUES AND OTHER
Oil and natural gas sales	$49,391	$75,965
Midstream natural gas gathering, processing, and marketing	458	31,723
Oilfield services	4,865	5,621
Other revenue	682	173
Total revenue	55,396	113,482
OPERATING EXPENSES
Production costs	13,805	13,056
Severance taxes and marketing	2,823	4,975
Transportation, processing, and other related costs	20,337	12,033
Exploration	8,490	15,924
Impairment of proved oil and gas properties	13,854	16,754
Midstream natural gas gathering, processing, and marketing	494	29,999
Oilfield services	4,211	3,947
Depletion, depreciation, amortization and accretion	57,750	29,409
Loss (gain) on sale of assets, net	-1,652	4,075
General and administrative	12,772	16,072
Total operating expenses	132,884	146,244
OPERATING LOSS	-77,488	-32,762
OTHER INCOME (EXPENSE)
Interest income	49	45
Interest expense	-23,465	-23,897
Gain on derivative contracts, net	3,102	347
Gain on dilution of interest in Eureka Hunter Holdings, LLC	2,390	0
Loss from equity method investments	-2,900	-246
Other expense	-7,607	-44
Total other expense, net	-28,431	-23,795
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAX	-105,919	-56,557
Income tax benefit	0	0
LOSS FROM CONTINUING OPERATIONS, NET OF TAX	-105,919	-56,557
Income from discontinued operations, net of tax	0	3,369
Loss on disposal of discontinued operations, net of tax	0	-8,513
NET LOSS	-105,919	-61,701
Net loss attributed to non-controlling interests	0	109
LOSS ATTRIBUTABLE TO MAGNUM HUNTER RESOURCES CORPORATION	-105,919	-61,592
Dividends on preferred stock	-8,848	-14,896
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	-114,767	-76,488
Weighted average number of common shares outstanding, basic and diluted	200,918,521	172,146,431
Loss from continuing operations per share, basic and diluted	($0.57)	($0.41)
Loss from discontinued operations per share, basic and diluted	$0	($0.03)
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	($0.57)	($0.44)
Loss from continuing operations, net of tax	-105,919	-56,448
Loss from discontinued operations, net of tax	0	-5,144
Net loss	($105,919)	($61,592)

UNAUDITED_CONSOLIDATED_STATEME1

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Net loss	($105,919)	($61,701)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation gain (loss)	115	-2,348
Unrealized loss on available for sale securities	-1,408	-56
Amounts reclassified for other than temporary impairment of available for sale securities	8,992	0
Total other comprehensive income (loss)	7,699	-2,404
COMPREHENSIVE LOSS	-98,220	-64,105
Comprehensive loss attributable to non-controlling interests	0	109
COMPREHENSIVE LOSS ATTRIBUTABLE TO MAGNUM HUNTER RESOURCES CORPORATION	($98,220)	($63,996)

UNAUDITED_CONSOLIDATED_STATEME2

UNAUDITED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (USD $)	Total	Common Stock	Additional Paid in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (loss)	Treasury Stock	Series D Preferred Stock	Series E Preferred Stock
In Thousands, unless otherwise specified							Preferred Stock	Preferred Stock
BALANCE at Dec. 31, 2014	$431,855	$2,014	$909,783	($784,546)	($7,765)	($3,944)	$221,244	$95,069
BALANCE (in shares) at Dec. 31, 2014		201,421					4,425	4
Increase (Decrease) in Shareholders' Equity
Share based compensation (in shares)		1,028
Share based compensation	3,491	10	3,481
Shares withheld for taxes	-307		-307
Dividends on preferred stock	-8,848			-8,848
Net loss	-105,919			-105,919
Foreign currency translation gain (loss)	115				115
Unrealized gain on available for sale securities	-1,408				-1,408
Amounts reclassified from accumulated other comprehensive income for other than temporary impairment of available for sale securities	8,992				8,992
BALANCE at Mar. 31, 2015	$327,971	$2,024	$912,957	($899,313)	($66)	($3,944)	$221,244	$95,069
BALANCE (in shares) at Mar. 31, 2015		202,449					4,425	4

UNAUDITED_CONSOLIDATED_STATEME3

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Statement of Cash Flows [Abstract]
Net loss	($105,919)	($61,701)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depletion, depreciation, amortization and accretion	57,750	29,408
Exploration	7,838	13,712
Impairment of proved oil and gas properties	13,854	0
Share-based compensation	3,185	1,061
Cash paid for plugging wells		-22
Loss (gain) on sale of assets	-1,652	31,238
Unrealized loss (gain) on derivative contracts	1,209	-2,631
Gain on dilution of interest in Eureka Hunter Holdings, LLC	-2,390	0
Loss from equity method investment	2,900	246
Other than temporary impairment of investment	8,992
Amortization and write-off of deferred financing costs and discount on Senior Notes included in interest expense	1,124	3,621
Changes in operating assets and liabilities:
Accounts receivable, net	30,313	-7,828
Inventory	-1,144	3,246
Prepaid expenses and other current assets	1,585	-562
Accounts payable	14,616	-26,020
Revenue payable	446	4,841
Accrued liabilities	15,429	15,268
Net cash provided by operating activities	48,136	3,877
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures and advances	-84,255	-39,127
Change in deposits and other long-term assets	2,789	-107
Proceeds from sales of assets	580	16,415
Net cash used in investing activities	-80,886	-22,819
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from sale of common shares	0	28,897
Proceeds from sale of Eureka Hunter Holdings Series A Preferred Units		3,920
Proceeds from exercise of warrants and options		3,983
Preferred stock dividend	-8,848	-10,770
Repayments of debt	-3,070	-84,683
Proceeds from borrowings on debt	5,000	101,616
Deferred financing costs	-44	-1,331
Change in other long-term liabilities	163	24
Net cash provided by (used in) financing activities	-6,799	41,656
Effect of changes in exchange rate on cash	22	25
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-39,527	22,739
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	53,180	41,713
CASH AND CASH EQUIVALENTS, END OF PERIOD	$13,653	$64,452

GENERAL

GENERAL	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
GENERAL	NOTE 1 - GENERAL
	Organization and Nature of Operations
	Magnum Hunter Resources Corporation, a Delaware corporation, operating directly and indirectly through its subsidiaries ("Magnum Hunter" or the "Company"), is a Dallas, Texas based independent oil and gas company engaged primarily in the exploration for and the exploitation, acquisition, development and production of natural gas and natural gas liquids resources predominantly in shale plays in the United States, along with certain oil field service activities and a substantial equity method investment in midstream operations.
	Presentation of Consolidated Financial Statements
	The accompanying unaudited interim consolidated financial statements of Magnum Hunter have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The preparation of these consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during reporting periods. Actual results could differ materially from those estimates.
	In the opinion of management, all adjustments (consisting of normal recurring adjustments unless otherwise indicated) necessary for the fair statement of the financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.  The year-end balance sheet data were derived from audited financial statements, but do not include all disclosures required by GAAP.
	Certain information and disclosures normally included in the consolidated financial statements prepared in accordance with GAAP that would substantially duplicate the disclosures contained in the audited consolidated financial statements as reported in the Company's Annual Report on Form 10-K have been condensed or omitted. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014, as amended.
	The consolidated financial statements also reflect the interests of our wholly-owned subsidiary, Magnum Hunter Production, Inc. ("MHP") in various managed drilling partnerships. The Company accounts for the interests in these managed drilling partnerships using the proportionate consolidation method.
	Non-Controlling Interest in Consolidated Subsidiaries
	Prior to December 18, 2014, the Company consolidated Eureka Hunter Holdings, LLC ("Eureka Hunter Holdings") in which it owned 48.6% as of December 18, 2014 and December 31, 2014. Eureka Hunter Holdings owns, directly or indirectly, 100% of the equity interests of Eureka Hunter Pipeline, LLC ("Eureka Hunter Pipeline"), TransTex Hunter, LLC ("TransTex Hunter"), and Eureka Hunter Land, LLC. Following a series of transactions and capital contributions that occurred up to and including December 18, 2014, the Company no longer held a controlling financial interest in Eureka Hunter Holdings. Accordingly, the Company deconsolidated Eureka Hunter Holdings as of December 18, 2014 and accounts for its retained interest under the equity method of accounting with the Company's share of Eureka Hunter Holdings' earnings recorded in "loss from equity method investment" in the consolidated statements of operations. The Company owned 45.5% of the equity interests of Eureka Hunter Holdings as of March 31, 2015. See "Note 7 - Investments and Derivatives".
	Prior to July 24, 2014, the Company owned 87.5% of the equity interests in PRC Williston, LLC ("PRC Williston"), which sold substantially all of its assets on December 30, 2013. On July 24, 2014, the Company executed a settlement and release agreement with Drawbridge Special Opportunities Fund LP and Fortress Value Recovery Fund I LLC f/k/a D.B. Zwirn Special Opportunities Fund, L.P. As a result of this settlement agreement, the Company now owns 100% of the equity interests in PRC Williston and has all rights and claims to its remaining assets and liabilities, which are not significant. Consequently, there is no longer any non-controlling interest in PRC Williston's equity reflected in the consolidated financial statements as of March 31, 2015.
	Reclassification of Prior-Period Balances
	Certain prior period balances have been reclassified to correspond with current-period presentation.  As a result of the Company's decision in September 2014 to withdraw its plan to divest MHP and cease all marketing efforts, the results of operations of MHP, which had previously been reported as a component of discontinued operations, have been reclassified to continuing operations for all periods presented, and all assets and liabilities of MHP that were previously reported as assets and liabilities held for sale in our consolidated balance sheet have been reclassified to assets and liabilities held for use effective September 2014. See "Note 2 - Acquisitions and Discontinued Operations".
	The Company has separately classified transportation and processing expenses incurred to deliver gas to processing plants and/or to selling points, which were previously included as components of lease operating expenses and severance taxes and marketing, in the accompanying consolidated statements of operations for all periods presented. The Company has also renamed lease operating expenses as "Production costs" and presented transportation and processing expenses as "Transportation, processing, and other related costs" in order to provide more meaningful information on costs associated with production and development.
	Regulated Activities
	Sentra Corporation, a wholly-owned subsidiary, owns and operates distribution systems for retail sales of natural gas in south central Kentucky. Sentra Corporation's gas distribution billing rates are regulated by the Kentucky Public Service Commission based on recovery of purchased gas costs. The Company accounts for its operations based on the provisions of the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC") Subtopic 980-605, Regulated Operations-Revenue Recognition, which requires covered entities to record regulatory assets and liabilities resulting from actions of regulators. During the three months ended March 31, 2015, the Company had gas transmission, compression and processing revenue, which included gas utility sales from Sentra Corporation's regulated operations aggregating $378,261. During the three months ended March 31, 2014, the Company had revenues of $171,072 related to Sentra Corporation's regulated operations.
	Recently Issued Accounting Standards
	Accounting standards-setting organizations frequently issue new or revised accounting rules.  The Company regularly reviews all new pronouncements to determine their impact, if any, on its financial statements.
	In April 2015, the FASB issued ASU 2015-03, Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs. This update requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by this update. This amendment is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The Company is currently evaluating the impact of this ASU on its consolidated financial statements and financial statement disclosures.
	In April 2015, the FASB issued ASU 2015-04, Intangibles - Goodwill and Other - Internal-Use Software: Customer's Accounting for Fees Paid in a Cloud Computing Agreement. This update provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. This update does not change GAAP for a customer's accounting for service contracts. This amendment is effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted for all entities, either prospectively to all arrangements entered into or materially modified after the effective date, or retrospectively. The Company is currently evaluating the impact of this ASU on its consolidated financial statements and financial statement disclosures.

ACQUISITIONS_AND_DISCONTINUED_

ACQUISITIONS AND DISCONTINUED OPERATIONS	3 Months Ended
	Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
ACQUISITIONS AND DISCONTINUED OPERATIONS	NOTE 2 - ACQUISITIONS AND DISCONTINUED OPERATIONS
	Acquisitions
	Agreement to Purchase Utica Shale Acreage
	On August 12, 2013, Triad Hunter, LLC ("Triad Hunter"), a wholly-owned subsidiary of the Company, entered into an asset purchase agreement with MNW Energy, LLC ("MNW"). MNW is an Ohio limited liability company that represents an informal association of various land owners, lessees and sub-lessees of mineral acreage who own or have rights in mineral acreage located in Monroe, Noble and/or Washington Counties, Ohio. Pursuant to the purchase agreement, Triad Hunter agreed to acquire from MNW up to 32,000 net mineral acres, including currently leased and subleased acreage, located in such counties, over a period of time, in staggered closings, subject to certain conditions. The maximum purchase price, if MNW delivers 32,000 acres with acceptable title, would be $142.1 million, excluding title costs. During the three months ended March 31, 2015, Triad Hunter purchased 2,665 net leasehold acres from MNW for an aggregate purchase price of $12.0 million. Triad Hunter made no purchases from MNW during the three months ended March 31, 2014. As of March 31, 2015, Triad Hunter had purchased a total of 25,044 net leasehold acres from MNW for an aggregate purchase price of $103.9 million.
	The Company believes that MNW may not be able to provide Triad Hunter with satisfactory title to all of the remaining net leasehold acres subject to purchase under the asset purchase agreement, and therefore the Company anticipates that most of the remaining net leasehold acres will not be ultimately acquired by Triad Hunter.
	Discontinued Operations
	In September 2013, the Company adopted a plan to divest all of its interests in (i) MHP, whose oil and natural gas operations are located primarily in the southern Appalachian Basin in Kentucky and Tennessee, and (ii) the Canadian operations of Williston Hunter Canada, Inc. ("WHI Canada"), which was a wholly-owned subsidiary of the Company. The Company closed on the sale of its interests in WHI Canada during the second quarter of 2014. Effective September 2014, the Company withdrew its plan to divest MHP. Consequently, the assets and liabilities of MHP are presented as held for use effective September 2014 and the results of MHP's operations are presented in continuing operations for all periods presented in these interim consolidated financial statements.
	As of March 31, 2015 and December 31, 2014, the Company did not have any assets or liabilities associated with assets held for sale.
	The Company included the results of operations of WHI Canada through May 12, 2014, the date of sale, in discontinued operations. The following presents the results of our discontinued operations for the three months ended March 31, 2014. There was no income or loss from discontinued operations or gain or loss from the disposal of discontinued operations for the three months ended March 31, 2015.
		Three Months Ended
		March 31,
		2014
		(in thousands)
	Revenues	$	6,244
	Expenses	(2,881		)
	Other income	6
	Income tax benefit	—
	Income from discontinued operations, net of tax	3,369
	Loss on disposal of discontinued operations, net of taxes of $0	(8,513		)
	Loss from discontinued operations, net of taxes	$	(5,144	)

OIL_NATURAL_GAS_SALES

OIL & NATURAL GAS SALES	3 Months Ended
	Mar. 31, 2015
Other Income and Expenses [Abstract]
Oil & Natural Gas Sales	NOTE 3 - OIL & NATURAL GAS SALES
	During the three months ended March 31, 2015 and 2014, the Company recognized sales from oil, natural gas, and natural gas liquids ("NGLs") as follows:
		Three Months Ended
		March 31,
		2015		2014
		(in thousands)
	Oil	$	9,544	$	35,353
	Natural gas	31,860		27,520
	NGLs	7,987		13,092
	Total oil and natural gas sales	$	49,391	$	75,965

PROPERTY_PLANT_EQUIPMENT

PROPERTY, PLANT, & EQUIPMENT	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant, & Equipment	NOTE 4 - PROPERTY, PLANT, & EQUIPMENT
	Oil and Natural Gas Properties
	The following sets forth the net capitalized costs under the successful efforts method for oil and natural gas properties as of:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Mineral interests in properties:
	Unproved leasehold costs	$	450,530		$	481,643
	Proved leasehold costs	284,253			257,185
	Wells and related equipment and facilities	634,229			606,406
	Advances to operators for wells in progress	1,297			1,411
	Total costs	1,370,309			1,346,645
	Less accumulated depletion, depreciation, and amortization	(303,686		)	(248,410		)
	Net capitalized costs	$	1,066,623		$	1,098,235
	Proved oil and natural gas properties are reviewed for impairment on a field-by-field basis bi-annually or when events and circumstances indicate a possible decline in the recoverability of the carrying amount of such property. Impairments of proved properties of $13.9 million were recorded during the three months ended March 31, 2015, primarily related to Appalachian Basin properties. Impairments of proved properties of $16.8 million were recorded for the three months ended March 31, 2014, which were comprised entirely of impairments recorded on MHP's proved oil and natural gas properties.
	Depletion, depreciation, and amortization expense for proved oil and natural gas properties was $55.3 million for the three months ended March 31, 2015 and $23.9 million for the three months ended March 31, 2014.
	Exploration
	Exploration expense consists primarily of abandonment charges, exploratory dry holes, geological and geophysical costs, and impairment expense for capitalized leasehold costs associated with unproved properties for which the Company has no further exploration or development plans.
	During the three months ended March 31, 2015 and 2014, the Company recognized exploration expense as follows:
		Three Months Ended
		March 31,
		2015			2014
		(in thousands)
	Leasehold impairments	$	7,838		$	15,550
	Geological and geophysical	652			374
	Total exploration expense	$	8,490		$	15,924
	Leasehold impairment expense recorded by the Company during the three months ended March 31, 2015 consisted of $7.6 million in the U.S. upstream segment related to leases in the Williston Basin and $0.2 million related to leases in the Appalachian Basin. Leasehold impairment expense during the three months ended March 31, 2014 consisted of $11.1 million related to leases in the Williston Basin and $2.6 million related to leases in the Appalachian Basin. Impairments of leases in the Williston and Appalachian Basins for all periods presented related to leases that expired undrilled during the period or are expected to expire and that the Company does not plan to develop or extend.
	The Company also recognized $1.9 million in leasehold impairment expense related to fair value write-downs of MHP for the three months ended March 31, 2014.
	Gas Transportation, Gathering, and Processing Equipment and Other
	The historical cost of gas transportation, gathering, and processing equipment and other property, presented on a gross basis with accumulated depreciation, as of March 31, 2015 and December 31, 2014 is summarized as follows:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Gas transportation, gathering and processing equipment and other	$	102,639		$	100,436
	Less accumulated depreciation	(25,105		)	(23,013		)
	Net capitalized costs	$	77,534		$	77,423
	Depreciation expense for gas transportation, gathering, and processing equipment and other property was $1.9 million for the three months ended March 31, 2015 and $4.7 million for the three months ended March 31, 2014.

ASSET_RETIREMENT_OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	3 Months Ended
	Mar. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
ASSET RETIREMENT OBLIGATIONS	NOTE 5 - ASSET RETIREMENT OBLIGATIONS
	The following table summarizes the Company's asset retirement obligation ("ARO") activities during the three-month period ended March 31, 2015 and for the year ended December 31, 2014:
		31-Mar-15			31-Dec-14
		(in thousands)
	Asset retirement obligation at beginning of period	$	26,524		$	16,216
	Assumed in acquisitions	92			—
	Liabilities incurred	4			218
	Liabilities settled	—			(107		)
	Liabilities sold	—			(2,598		)
	Accretion expense	618			1,478
	Revisions in estimated liabilities (1)	(862		)	3,208
	Reclassified from liabilities associated with assets held for sale	—			8,109
	Asset retirement obligation at end of period	26,376			26,524
	Less: current portion (included in other liabilities)	(812		)	(295		)
	Asset retirement obligation at end of period	$	25,564		$	26,229
	________________________________
	(1) Revisions in estimated liabilities during 2014 relate to a change in assumptions used with respect to certain wells in the Appalachian Basin in Ohio and West Virginia.

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 6 - FAIR VALUE OF FINANCIAL INSTRUMENTS
	GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  GAAP also establishes a framework for measuring fair value and a valuation hierarchy based upon the transparency of inputs used in the valuation of an asset or liability.  Classification within the hierarchy is based upon the lowest level of input that is significant to the fair value measurement.  The valuation hierarchy contains three levels:
	•	Level 1 — Quoted prices (unadjusted) for identical assets or liabilities in active markets
	•	Level 2 — Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs or significant value drivers are observable
	•	Level 3 — Significant inputs to the valuation model are unobservable
	Transfers between Levels 1 and 2 occur at the end of the reporting period in which it is determined that the observability of significant inputs has increased or decreased. There were no transfers between levels of the fair value hierarchy during the three month periods ended March 31, 2015 and 2014.
	The Company used the following fair value measurements for certain of the Company's assets and liabilities at March 31, 2015 and December 31, 2014:
	Level 1 Classification:
	Available for Sale Securities
	At March 31, 2015 and December 31, 2014, the Company held common and preferred stock of publicly traded companies with quoted prices in an active market.  Accordingly, the fair market value measurements of these securities have been classified as Level 1.
	Level 2 Classification:
	Commodity Derivative Instruments
	At March 31, 2015 and December 31, 2014, the Company had commodity derivative financial instruments in place. The Company does not designate its derivative instruments as hedges and therefore does not apply hedge accounting.  Changes in fair value of derivative instruments subsequent to the initial measurement are recorded as gain (loss) on derivative contracts, in other income (expense). The estimated fair value amounts of the Company's commodity derivative instruments have been determined at discrete points in time based on relevant market information which resulted in the Company classifying such derivatives as Level 2.  Although the Company's commodity derivative instruments are valued using public indices, the instruments themselves are traded with unrelated counterparties and are not openly traded on an exchange.
	As of March 31, 2015 and December 31, 2014, the Company's derivative contracts were with financial institutions, many of which were either senior lenders to the Company or affiliates of such senior lenders, and some of which had investment grade credit ratings. Certain counterparties to the Company's commodity derivatives positions are no longer participants in the Company's credit facilities following the execution of new credit agreements on October 22, 2014. See "Note 8 - Debt". All of the counterparties are believed to have minimal credit risk. Although the Company is exposed to credit risk to the extent of nonperformance by the counterparties to these derivative contracts, the Company does not anticipate such nonperformance and monitors the credit worthiness of its counterparties on an ongoing basis.
	Level 3 Classification:
	Convertible Security Embedded Derivative
	The Company recognized an embedded derivative asset resulting from the fair value of the bifurcated conversion feature associated with the convertible note it received in February 2012 as partial consideration upon the sale of Hunter Disposal, LLC ("Hunter Disposal") to GreenHunter Resources, Inc. ("GreenHunter"), a related party. The embedded derivative was valued using a Black-Scholes model valuation of the conversion option.
	The key inputs used in the Black-Scholes option pricing model were as follows:
		31-Mar-15
	Life	1.9
	Risk-free interest rate	0.77%
	Estimated volatility	85%
	Dividend	—
	GreenHunter stock price at end of period	$0.70
	The sensitivity of the estimate of volatility used in determining the fair value of the convertible security embedded derivative would not have a significant impact to the Company's financial statements based on the value of the assets as compared to the financial statements as a whole.
	The following tables present the fair value hierarchy levels of the Company's financial assets and liabilities which are measured and carried at fair value on a recurring basis:
		Fair Value Measurements on a Recurring Basis
		31-Mar-15
		(in thousands)
	Assets	Level 1				Level 2			Level 3
	Available for sale securities	$	2,225			$	—		$	—
	Commodity derivative assets	—				15,326			—
	Convertible security derivative assets	—				—			50
	Total assets at fair value	$	2,225			$	15,326		$	50
		Fair Value Measurements on a Recurring Basis
		31-Dec-14
		(in thousands)
	Assets	Level 1				Level 2			Level 3
	Available for sale securities	$	3,864			$	—		$	—
	Commodity derivative assets	—				16,511			—
	Convertible security derivative assets	—				—			75
	Total assets at fair value	$	3,864			$	16,511		$	75
	The following table presents the changes in fair value of the derivative assets and liabilities measured at fair value using significant unobservable inputs (Level 3 inputs) for the three-month period ended March 31, 2015:
		Convertible Security Embedded
		Derivative Asset
		(in thousands)
	Fair value as of December 31, 2014	$	75
	Decrease in fair value recognized in gain on derivative contracts, net	(25		)
	Fair value as of March 31, 2015	$	50
	Other Fair Value Measurements
	The following table presents the carrying amounts and fair values categorized by fair value hierarchy level of the Company's financial instruments not carried at fair value:
					31-Mar-15						31-Dec-14
			Fair Value Hierarchy		Carrying Amount			Estimated Fair Value			Carrying Amount		Estimated Fair Value
					(in thousands)
	Senior Notes		Level 2		$	597,404		$	546,000		$	597,355	$	498,000
	MHR Senior Revolving Credit Facility		Level 3		$	5,000		$	5,000		$	—	$	—
	MHR Second Lien Term Loan		Level 3		$	328,559		$	319,584		$	329,140	$	329,140
	Equipment Notes Payable		Level 3		$	20,017		$	19,957		$	22,238	$	22,150
	The fair value of the Company's Senior Notes is based on quoted market prices available for Magnum Hunter's Senior Notes.  The fair value hierarchy for the Company's Senior Notes is Level 2 (quoted prices for identical or similar assets in markets that are not active).
	The carrying value of the Company's senior revolving credit facility (the "MHR Senior Revolving Credit Facility") approximates fair value as the facility is subject to short-term floating interest rates that approximate the rates available to the Company at these dates.  The fair value hierarchy for the MHR Senior Revolving Credit Facility is Level 3.
	The fair value of all fixed-rate notes and the credit facility is based on interest rates currently available to the Company.
	Fair Value on a Non-Recurring Basis
	The Company follows the provisions of ASC Topic 820, Fair Value Measurement, for non-financial assets and liabilities measured at fair value on a non-recurring basis. As it relates to the Company, ASC Topic 820 applies to certain non-financial assets and liabilities as may be acquired in a business combination and thereby measured at fair value, measurements of impairments, and the initial recognition of asset retirement obligations, for which fair value is used. ARO estimates are derived from historical costs as well as management's expectation of future cost environments. As there is no corroborating market activity to support the assumptions used, the Company has designated these measurements as Level 3. A reconciliation of the beginning and ending balances of the Company's ARO is presented in "Note 5 - Asset Retirement Obligations".
	The Company recorded impairment charges of $13.9 million during the three months ended March 31, 2015 as a result of writing down the carrying value of certain proved properties to estimated fair value. The fair value of the properties impaired was $495.5 million as of March 31, 2015. In order to determine the amounts of the impairment charges, Magnum Hunter compares net capitalized costs of proved oil and natural gas properties to estimated undiscounted future net cash flows using management's expectations of economically recoverable proved, probable, and possible reserves. If the net capitalized cost exceeds the undiscounted future net cash flows, Magnum Hunter impairs the net cost basis down to the discounted future net cash flows, which is management's estimate of fair value. Significant inputs used to determine the fair value include estimates of: (i) reserves; (ii) future operating and development costs; (iii) future commodity prices; and (iv) a discounted cash flow model utilizing a 10% discount rate. The underlying commodity prices embedded in the Company's estimated cash flows are the product of a process that begins with forward curve pricing, adjusted for estimated location and quality differentials, as well as other factors that Magnum Hunter's management believes will impact realizable prices. The inputs used by management for the fair value measurements utilized in this review include significant unobservable inputs, and therefore, the fair value measurements employed are classified as Level 3 for these types of assets.
The Company recorded impairment charges of $16.8 million during the three months ended March 31, 2014 in order to record MHP at the estimated selling price less costs to sell, based on additional information on estimated selling prices obtained through active marketing of the assets. The fair value of these net assets was $60.0 million as of March 31, 2014. The Company has designated this valuation as Level 3. Effective September 2014, the Company withdrew its plan to divest MHP. Consequently, the assets and liabilities of MHP are presented as held for use as of September 2014 and the results of MHP's operations are presented in continuing operations for all periods presented in these interim consolidated financial statements.

INVESTMENTS_AND_DERIVATIVES

INVESTMENTS AND DERIVATIVES	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
INVESTMENTS AND DERIVATIVES	NOTE 7 - INVESTMENTS AND DERIVATIVES
	Investment Holdings - Available for Sale Securities
	The Company's investment holdings in available for sale securities are concentrated in three issuers whose business activities are related to the oil and natural gas or minerals mining industries. These investments are ancillary to the Company's overall operating strategy and such concentrations of risk related to investment holdings do not pose a substantial risk to the Company's operational performance. The Company evaluates factors that it believes could influence the fair value of the issuers' securities such as management, assets, earnings, cash generation, and capital needs.
	The fair values of equity securities fluctuate based upon changes in market prices. Gross unrealized losses on investments are considered for other-than-temporary impairment when such losses have continued for more than a 12-month period. However, security-specific circumstances may arise where an investment is considered impaired when gross unrealized losses have been observed for less than twelve months. At December 31, 2014, the Company did not hold any equity securities which were in a gross unrealized loss position for greater than a year, and no impairments were recognized for the period then ended. At March 31, 2015, the Company's investment in New Standard Energy Limited ("NSE"), an Australian Securities Exchange-listed Australian company, was in a gross unrealized loss position for greater than a year. The Company reviewed its investment for impairment and considered such factors as NSE's future business outlook, the prevailing economic environment and the overall market condition for the Company's investment. As a result of its review, the Company recorded an other-than-temporary impairment of $9.0 million which was reclassified from accumulated other comprehensive income into "Other expense" on the consolidated statements of operations during the period ended March 31, 2015, related to the decline in value of its investment in NSE.
	Investment Holdings - GreenHunter
	The Company holds an equity method investment in common shares of GreenHunter received as partial consideration for the sale by Triad Hunter of its equity ownership interest in Hunter Disposal to GreenHunter in 2012. The GreenHunter common stock investment had no carrying value at March 31, 2015 or December 31, 2014. The GreenHunter common shares are publicly traded and had a fair value of $1.3 million at March 31, 2015 and December 31, 2014, which is not reflected in the carrying value since the Company's investment is accounted for using the equity method.
	Investment Holdings - Eureka Hunter Holdings
	Following a series of transactions and capital contributions that occurred up to and including December 18, 2014, the Company determined it no longer held a controlling financial interest in Eureka Hunter Holdings. However, the Company exercises significant influence through its retained equity interest and through representation on Eureka Hunter Holdings' board of managers. As a result, the Company uses the equity method to account for its retained interest in Eureka Hunter Holdings.
	On November 18, 2014, the Company entered into a letter agreement (the "November 2014 Letter Agreement") with Eureka Hunter Holdings and MSIP II Buffalo Holdings, LLC ("MSI"), an affiliate of Morgan Stanley Infrastructure II Inc. Pursuant to the November 2014 Letter Agreement, the parties agreed that, among other things, the Company would make a $13.3 million capital contribution (the "MHR 2015 Contribution") in cash to Eureka Hunter Holdings on or before March 31, 2015, in exchange for additional Series A-1 Units in Eureka Hunter Holdings.
	On March 30, 2015, the Company, Eureka Hunter Holdings and MSI entered into an additional letter agreement (the "March 2015 Letter Agreement"), pursuant to which the parties agreed that, among other things, (i) the Company is no longer required to make the MHR 2015 Contribution and (ii) MSI would make certain additional capital contributions to Eureka Hunter Holdings in exchange for additional Series A-2 Units. Pursuant to the March 2015 Letter Agreement, MSI purchased additional Series A-2 Units of Eureka Hunter Holdings as follows:
	i.	On March 31, 2015, MSI made a capital contribution in cash to Eureka Hunter Holdings of approximately $27.2 million (the "2015 Growth CapEx Projects Contribution") in exchange for additional Series A-2 Units in Eureka Hunter Holdings with the proceeds of such capital contribution to be used to fund certain of Eureka Hunter Pipeline's 2015 capital expenditures. The 2015 Growth CapEx Projects Contribution is subject to the Company's right to make an MHR Catch-Up Contribution (as defined in the Second Amended and Restated Limited Liability Company Agreement of Eureka Hunter Holdings (the "LLC Agreement")).
	ii.	On March 31, 2015, MSI made an additional capital contribution in cash to Eureka Hunter Holdings of approximately $37.8 million (the "Additional Contribution") in exchange for additional Series A-2 Units in Eureka Hunter Holdings with the proceeds of such Additional Contribution to be used to fund certain of Eureka Hunter Pipeline's additional capital expenditures and for certain other uses.
	Immediately after giving effect to these transactions, the Company and MSI owned 45.53% and 53.00%, respectively, of the equity interests of Eureka Hunter Holdings, with the Company's equity ownership consisting of Series A-1 Units and MSI's equity ownership consisting of Series A-2 Units.
	Pursuant to the March 2015 Letter Agreement, the parties further agreed that the Company has the right, in its discretion, to fund as a capital contribution to Eureka Hunter Holdings, all or a portion (in specified minimum amounts) of its pro-rata share of the Additional Contribution, which pro-rata share equals approximately $18.7 million (the "MHR Additional Contribution Component"), before June 30, 2015 (the "MHR Contribution Deadline"), in exchange for additional Series A-1 Units in Eureka Hunter Holdings (the "MHR 2015 Make-up Contribution").  If the Company funds the full MHR Additional Contribution Component on or prior to the MHR Contribution Deadline, (but excluding any other capital contributions that may be made by the Company or MSI pursuant to the LLC Agreement), the Company and MSI will own 46.44% and 52.11%, respectively, of the Class A Common Units of Eureka Hunter Holdings.
	If the Company does not fund the full MHR Additional Contribution Component by the MHR Contribution Deadline, the Company's Series A-1 Units in Eureka Hunter Holdings will be adjusted downward by an amount equivalent to the unfunded portion of the MHR Additional Contribution Component divided by the purchase price per unit paid by MSI in connection with the 2015 Growth CapEx Projects Contribution and the Additional Contribution. If the Company does not fund any of the MHR Additional Contribution Component on or prior to the MHR Contribution Deadline, the Company and MSI will own 44.53% and 53.98%, respectively, of the Class A Common Units of Eureka Hunter Holdings. If the Company does not fund all or a portion of the MHR Additional Contribution, a downward adjustment of its capital account, as described above, could result in the Company recognizing a loss on its investment in Eureka Hunter Holdings. If the Company funds a portion (in specified minimum amounts), but not all of the MHR Additional Contribution Component, on or prior to the MHR Contribution Deadline, then the ownership percentages of the Company and MSI will be adjusted in a manner consistent with the first sentence of this paragraph but with the downward adjustment for the Company being proportionally reduced.
	After the earlier to occur of (a) the Company having made contributions equal to the MHR Additional Contribution Component and (b) the MHR Contribution Deadline, the Company may make MHR Catch-Up Contributions (as defined in the LLC Agreement) in accordance with the LLC Agreement (as modified by the November 2014 Letter Agreement as to the applicable time and amount limitations) in respect of any MHR Shortfall Amounts (as defined in the LLC Agreement) that are eligible to be funded by the Company under the LLC Agreement.
	The Company accounted for the March 31, 2015 MSI capital contributions and the issuance of additional Series A-2 Units by Eureka Hunter Holdings in accordance with the subsequent measurement provision of ASC Topic 323, Investments - Equity Method and Joint Ventures, which requires the Company to recognize a gain or loss on the dilution of its equity interest as if the Company had sold a proportionate interest in Eureka Hunter Holdings. The Company recognized a pre-tax gain of $2.4 million based on the difference between the carrying value of the Company's Series A-1 Units and the proceeds received by Eureka Hunter Holdings for the issuance of additional Series A-2 Units to MSI which resulted in permanent dilution of the Company's equity interest in Eureka Hunter Holdings. The gain included the Company's proportionate decrease in its equity method basis difference which was reduced by $3.9 million based on the change in the Company's ownership in the net assets of Eureka Hunter Holdings after giving effect to the dilution of the Company's interest as a result of the unit issuance.
	As of March 31, 2015, the Company and MSI owned 45.53% and 53.00%, respectively, of the Class A Common Units of Eureka Hunter Holdings. The Company recorded its retained interest in Eureka Hunter Holdings initially at a fair value of $347.3 million in December 2014. The carrying value of the Company's equity interest in Eureka Hunter Holdings was $346.9 million and $347.2 million at March 31, 2015 and December 31, 2014, respectively.
	The recognition of the Company's retained interest in Eureka Hunter Holdings at fair value upon deconsolidation resulted in a basis difference between the carrying value of the Company's investment in Eureka Hunter Holdings and its proportionate share in net assets of Eureka Hunter Holdings. The basis difference was accounted for using the acquisition method of accounting, which requires that the basis difference be allocated to the identifiable assets of Eureka Hunter Holdings at fair value and based upon the Company's proportionate ownership.  Determining the fair value of assets and liabilities is judgmental in nature and involves the use of significant estimates and assumptions. The Company recognized a basis difference of $201.8 million upon deconsolidation related to its investment in Eureka Hunter Holdings which has preliminarily been allocated to the following identifiable assets of Eureka Hunter Holdings:
		Identifiable Assets
		Ending Basis December 31, 2014			Basis Amortization			Basis Reduction			Ending Basis March 31, 2015
		(in thousands)
	Fixed assets	$	5,088		$	(70	)	$	(98	)	$	4,920
	Intangible assets	155,189			(1,830		)	(2,705		)	150,654
	Goodwill	41,597			—			(1,104		)	40,493
	Total basis difference	$	201,874		$	(1,900	)	$	(3,907	)	$	196,067
	The components of the Company's basis difference, excluding goodwill, are being amortized over their estimated useful lives ranging from 3 to 39 years.
	The Company has estimated the identifiable assets to which the basis difference is attributable to and has recorded amortization based on this estimate for the period ended March 31, 2015.  The Company is currently finalizing the fair value estimates for Eureka Hunter Holdings and is expecting to finalize this valuation during the second quarter of 2015.
	Summarized income information for Eureka Hunter Holdings for the three months ended March 31, 2015 is as follows:
		Three Months Ended
		March 31, 2015
		(in thousands)
	Operating revenues	$	13,715
	Operating loss	$	(472	)
	Net loss	$	(1,582	)
	Magnum Hunter's interest in Eureka Hunter Holdings net loss	$	(769	)
	Basis difference amortization	$	(1,900	)
	Magnum Hunter's equity in earnings, net	$	(2,669	)
	Below is a summary of changes in investments for the three months ended March 31, 2015:
		Available for Sale Securities				Equity Method Investments
		(in thousands)
	Carrying value as of December 31, 2014	$	3,864			$	347,191
	Gain on dilution of interest in Eureka Hunter Holdings	—				2,390
	Loss from equity method investment(1)	(231		)		(2,669		)
	Change in fair value recognized in other comprehensive loss	(1,408		)		—
	Carrying value as of March 31, 2015	$	2,225			$	346,912
	(1) As a result of the carrying value of the Company's investment in common stock of GreenHunter being reduced to zero from equity method losses, the Company is required to allocate any additional losses to its investment in the Series C preferred stock of GreenHunter. The Company recorded additional equity method loss against the carrying value of its investment in the Series C preferred stock of GreenHunter before recording any mark-to-market adjustments.
	The Company's investments have been presented in the consolidated balance sheet as of March 31, 2015 as follows:
		Available for Sale Securities			Equity Method Investments			Total
	Investments - Current	$	2,225		$	—		$	2,225
	Investments - Non-current	—			346,912			346,912
	Carrying value as of March 31, 2015	$	2,225		$	346,912		$	349,137
	The cost for equity securities and their respective fair values as of March 31, 2015 and December 31, 2014 are as follows:
			March 31, 2015
			(in thousands)
			Cost				Gross Unrealized Losses				Fair Value
	Securities available for sale, carried at fair value:
	Equity securities		$	883			$	(346	)		$	537
	Equity securities - related party (see "Note 13 - Related Party Transactions")		2,200				(512		)		1,688
	Total Securities available for sale		$	3,083			$	(858	)		$	2,225
			December 31, 2014
			(in thousands)
			Cost				Gross Unrealized Losses				Fair Value
	Securities available for sale, carried at fair value:
Equity securities		$	9,876			$	(7,323	)		$	2,553
Equity securities - related party (see "Note 13 - Related Party Transactions")		2,200				(889		)		1,311
Total Securities available for sale		$	12,076			$	(8,212	)		$	3,864
The methods of determining the fair values of Magnum Hunter's investments in equity securities are described in "Note 6 - Fair Value of Financial Instruments".
Commodity and Financial Derivative Instruments
The Company periodically enters into certain commodity derivative instruments such as futures contracts, swaps, collars, and basis swap contracts, to mitigate commodity price risk associated with a portion of the Company's future monthly natural gas and crude oil production and related cash flows. The Company has not designated any commodity derivative instruments as hedges.
In a commodities swap agreement, the Company trades the fluctuating market prices of oil or natural gas at specific delivery points over a specified period, for fixed prices. As a producer of oil and natural gas, the Company holds these commodity derivatives to protect the operating revenues and cash flows related to a portion of its future natural gas and crude oil sales from the risk of significant declines in commodity prices, which is intended to help reduce exposure to price risk and improve the likelihood of funding its capital budget.  If the price of a commodity rises above what the Company has agreed to receive in the swap agreement, the amount that it agrees to pay the counterparty would theoretically be offset by the increased amount it received for its production.
As of March 31, 2015, the Company had the following commodity derivative instruments:
				Weighted Average
Natural Gas	Period	MMBtu/day		Price per MMBtu
Swaps	Jan 2015 - Dec 2015	40,000		$4.09
				Weighted Average
Crude Oil	Period	Bbl/day		Price per Bbl
Collars (1)	Jan 2015 - Dec 2015	259		$85.00 - $91.25
Ceilings sold (call)	Jan 2015 - Dec 2015	1,570		$120.00
Floors sold (put)	Jan 2015 - Dec 2015	259		$70.00
________________________________
(1) A collar is a sold call and a purchased put. Some collars are "costless" collars with the premiums netting to approximately zero.
As of March 31, 2015, Bank of America, Bank of Montreal, Citibank, N.A., and the Royal Bank of Canada are the only counterparties to the Company's commodity derivatives positions.  Collateral securing the MHR Senior Revolving Credit Facility is used as collateral for the Company's commodity derivatives with those counterparties participating in the MHR Senior Revolving Credit Facility, under which the Company had outstanding borrowings of $5.0 million as of March 31, 2015. Additionally, certain counterparties to the Company's commodity derivatives positions are no longer participants in the Company's credit facilities. The Company is exposed to credit losses in the event of nonperformance by the counterparties where the Company's open commodity derivative contracts are in a gain position. The Company does not anticipate nonperformance by the counterparties over the term of the commodity derivatives positions. See "Note 8 - Debt".
At March 31, 2015, the Company also had a convertible security embedded derivative asset primarily due to the conversion feature of the promissory note received as partial consideration for the sale of Hunter Disposal. See "Note 6 - Fair Value of Financial Instruments" and "Note 13 - Related Party Transactions".
The following table summarizes the fair value of the Company's commodity and financial derivative contracts as of the dates indicated:
		Derivatives not designated as hedging instruments
		Derivative Assets
		March 31, 2015				December 31, 2014
		(in thousands)
Commodity
Derivative assets		$	15,326			$	16,511
Total commodity		$	15,326			$	16,511
Financial
Derivative assets		$	50			$	75
Total financial		$	50			$	75
Total derivatives		$	15,376			$	16,586
Certain of the Company's derivative instruments are subject to enforceable master netting arrangements that provide for the net settlement of all derivative contracts between the Company and a counterparty in the event of default or upon the occurrence of certain termination events.  The tables below summarize the Company's commodity derivatives and the effect of master netting arrangements on the presentation in the Company's consolidated balance sheets as of:
	March 31, 2015
	Gross Amounts of Recognized Assets and Liabilities			Gross Amounts Offset on the Consolidated Balance Sheet			Net Amount
	(in thousands)
Current assets:  Fair value of derivative contracts	$	16,631		$	(1,305	)	$	15,326
Current liabilities:  Fair value of derivative contracts	(1,305		)	1,305			—
	$	15,326		$	—		$	15,326
	December 31, 2014
	Gross Amounts of Assets and Liabilities			Gross Amounts Offset on the Consolidated Balance Sheet			Net Amount
	(in thousands)
Current assets:  Fair value of derivative contracts	$	18,146		$	(1,635	)	$	16,511
Current liabilities:  Fair value of derivative contracts	(1,635		)	1,635			—
	$	16,511		$	—		$	16,511
The following table summarizes the net gain (loss) on all derivative contracts included in gain (loss) on derivative contracts, net on the consolidated statements of operations for the three months ended March 31, 2015 and 2014:
	Three Months Ended
	March 31,
	2015				2014
	(in thousands)
Gain (loss) on settled transactions	$	4,311			$	(2,284	)
Gain (loss) on open contracts	(1,209		)		2,631
Total gain, net	$	3,102			$	347

DEBT

DEBT	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
DEBT	NOTE 8 - DEBT
	Long-term debt at March 31, 2015 and December 31, 2014 consisted of the following:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Senior Notes payable due May 15, 2020, interest rate of 9.75%, net of unamortized net discount of $2.6 million at March 31, 2015 and December 31, 2014	$	597,404		$	597,355
	Various equipment and real estate notes payable with maturity dates February 2015 - November 2017, interest rates of 4.25% - 7.94%	20,017			22,238
	MHR Senior Revolving Credit Facility due October 22, 2018, interest rate of 2.93% at March 31, 2015 and 2.92% at December 31, 2014	5,000			—
	MHR second lien term loan due October 22, 2019, interest rate of 8.5%, net of unamortized discount of $9.7 million and $10.0 million at March 31, 2015 and December 31, 2014, respectively	328,559			329,140
		950,980			948,733
	Less: current portion	(10,171		)	(10,770		)
	Total long-term debt obligations, net of current portion	$	940,809		$	937,963
	The following table presents the scheduled or expected approximate annual maturities of debt, gross of unamortized discount of $12.3 million:
		(in thousands)
	2015	$	7,701
	2016	12,127
	2017	5,948
	2018	8,958
	2019	325,757
	Thereafter	602,826
	Total	$	963,317
	MHR Senior Revolving Credit Facility and Second Lien Term Loan
	Senior Revolving Credit Facility
	On October 22, 2014, the Company entered into the Fourth Amended and Restated Credit Agreement by and among the Company, as borrower, Bank of Montreal, as administrative agent, the lenders party thereto and the agents party thereto (the "Credit Agreement").
	Under the Credit Agreement, as amended as described below, the Company is required to satisfy certain financial covenants, including maintaining:
	i.	commencing with the fiscal quarter ending June 30, 2015 and for each fiscal quarter ending thereafter, a current ratio (as defined in the Credit Agreement) of not less than 1.0 to 1.0;
	ii.	a leverage ratio (secured net debt to EBITDAX (as defined in the Credit Agreement) with, beginning with the fiscal quarter ending March 31, 2016, a limitation on netting of up to $100,000,000 of unencumbered cash) of not more than (a) 2.5 to 1.0 as of the last day of the fiscal quarters ending December 31, 2014, March 31, June 30, September 30, and December 31, 2015 and (c) 2.0 to 1.0 as of the last day of each fiscal quarter ending thereafter; and
	iii.	the proved reserves based asset coverage ratios contained in the Second Lien Term Loan Agreement described below.
	On February 24, 2015, the Company entered into a First Amendment to Credit Agreement and Limited Waiver (the "First Amendment") that, among other things, (i) waived the then existing current ratio covenant requirement for the December 31, 2014 compliance period and (ii) lowered the current ratio requirement to 0.75 from 1.0 for the fiscal quarter ending March 31, 2015. The current ratio requirement increases to 1.0 to 1.0 for the fiscal quarter ending June 30, 2015 and each fiscal quarter ending thereafter. The First Amendment also modified the leverage ratio requirement to remain at not more than 2.5x beginning with the December 31, 2014 compliance period through the December 31, 2015 compliance period.
	In addition, pursuant to the First Amendment, until such time as the Company can demonstrate a (i) current ratio of 1.0 to 1.0 as of the last day of a fiscal quarter or, if there is a proposed Liquidity Event (described below) or other arms-length liquidity event with a non-affiliate or unrestricted subsidiary, demonstrate a current ratio of 1.0 to 1.0 on a pro forma basis as of the last day of a calendar month assuming that the Liquidity Event (or other liquidity event) had occurred during such calendar month and (ii) in the case of a decrease of the Rates for ABR Loans and Eurodollar Loans, pro forma compliance with the other applicable financial covenants as of the last day of the fiscal quarter most recently ended, (such period, the "Adjusted Period"), then:
	i.	neither the Company nor any of its restricted subsidiaries may make additional investments in excess of $2 million in the aggregate in oil and gas properties (other than acreage swaps and associated assets) and other applicable assets;
	ii.	neither the Company nor any of its restricted subsidiaries may make additional capital contributions to or other investments in unrestricted subsidiaries in amounts in excess of $2 million in the aggregate; and
	iii.	the Company cannot make any additional capital contributions to or other investments in Eureka Hunter Holdings.
	For purposes of the First Amendment, a "Liquidity Event" means any event or events resulting in (i) an increase in Liquidity (as defined in the Credit Agreement) of at least $36,000,000 as a result of an arm's length transaction with a person or entity that is not an affiliate of the Company or (ii) the receipt by the Company or any restricted subsidiary of aggregate net cash proceeds of at least $73,000,000 as a result of one or more arm's length transactions with either (a) persons or entities who are not affiliates of the Company or (b) the Company's unrestricted subsidiaries.
	The First Amendment also provided that effective March 31, 2015, if a Liquidity Event (described in clause (i) of the preceding paragraph) had not occurred prior to such date, or April 30, 2015 if a proposed Liquidity Event described in clause (ii) of the preceding paragraph for which a pro forma current ratio calculation was used had not occurred prior to such date, the rates for ABR Loans and Eurodollar Loans shall automatically increase by 1.00% and the commitment fee shall automatically increase by 0.25% and such elevated rates shall continue until the day immediately preceding the date on which the Adjusted Period ends. No Liquidity Event or proposed Liquidity Event for which a pro forma current ratio calculation was used had occurred as of April 30, 2015. Accordingly the rates for ABR Loans and Eurodollar Loans and the commitment fee were increased as described in the preceding sentence.
	At March 31, 2015, the Company was not in compliance with its current ratio or its total secured net debt to EBITDAX ratio (as defined) financial covenants under the Credit Agreement, as amended. In addition, the Company failed to comply with certain provisions contained in the Credit Agreement related to the aging of payables. The Company has obtained a waiver from its lenders of the current ratio and total secured net debt to EBITDAX ratio (as defined) financial covenant requirements for the March 31, 2015 compliance period and entered into the Second Amendment to Credit Agreement and Limited Waiver (the "Second Amendment") on and effective as of April 17, 2015 by and among the Company, as borrower, Bank of Montreal, as administrative agent, and the several lenders and guarantors party thereto. The waiver requires that certain events and conditions be satisfied by May 29, 2015 as further described below. The Second Amendment amended the Credit Agreement to:
	i.	Extend the amount of time the Company and its Restricted Subsidiaries (as defined in the Credit Agreement) may have accounts payable outstanding after the date of invoice from 90 days to 180 days for any day on or prior to May 29, 2015, after which the date the restriction will revert back to 90 days.
	ii.	Condition the Company's ability to pay cash dividends on its three outstanding series of preferred stock as follows:
	1	Payment of the preferred stock dividends for the month of April 2015 was permitted provided the Company's previously filed shelf registration statement (the "Shelf Registration Statement"), providing for, among other things, at-the-market ("ATM") offerings of equity securities of the Company, had been declared effective by the Securities and Exchange Commission (the "SEC") and the Company had executed an agreement (a "Sales Agreement") with an underwriter or sales agent to proceed with any such ATM offerings. The Shelf Registration Statement was declared effective on April 22, 2015 and the Company entered into a Sales Agreement on April 23, 2015.
	2	Payment of the preferred stock dividends for the month of May 2015 will be permitted provided the Company has received, by May 29, 2015, at least $65.0 million of aggregate net cash proceeds from the issuance by the Company of equity securities, permitted asset sales by the Company or any Restricted Subsidiary or the entry into a joint venture by the Company or any Restricted Subsidiary (including the receipt of any contemplated upfront payments therefrom).
	iii.	Increase the applicable interest rate margins under the First Lien Credit Agreement by a nominal amount of 25 basis points. The applicable interest rate margins will automatically revert back to the lower levels in effect immediately prior to the effective date of the First Amendment when the Company demonstrates full compliance with its financial covenants under the Credit Agreement or compliance with such covenants on a pro forma basis giving effect to one or more Liquidity
	Events.
	In addition, pursuant to the Second Amendment, the lenders agreed to waive (i) effective as of March 31, 2015, compliance with the current ratio and leverage ratio covenants under the Credit Agreement for the fiscal quarter ended March 31, 2015 (which covenants, prior to the waiver, required a current ratio of not less than 0.75 to 1.0, and leverage ratio of not more than 2.5 to 1.0, for such fiscal quarter) and (ii) any default or event of default that may have occurred as a result of non-compliance with the accounts payable aging limitation in effect prior to the effective date of the Second Amendment, as described above. These waivers are subject to the Company having received, by May 29, 2015, at least $65.0 million of aggregate net cash proceeds from one or more of the issuance by the Company of equity securities, permitted asset sales by the Company or any Restricted Subsidiary or the entry into a joint venture by the Company or any Restricted Subsidiary (including the receipt of upfront payments therefrom). The failure by the Company to satisfy this waiver condition will constitute an event of default under the Credit Agreement.
	As of March 31, 2015, the borrowing base under the Senior Revolving Credit Facility was $50.0 million, and outstanding borrowings were $5.0 million. The Company also posted letters of credit for $39.3 million using availability under the Company's Senior Revolving Credit Facility. As of March 31, 2015, the borrowing capacity under the Senior Revolving Credit Facility was $5.7 million.
	Second Lien Term Loan
	On October 22, 2014, the Company entered into a Second Lien Credit Agreement (the "Second Lien Term Loan Agreement"), by and among the Company, as borrower, Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent, the lenders party thereto and the agents party thereto.
	The Second Lien Term Loan Agreement also requires the Company to satisfy certain financial covenants, including maintaining:
	i.	a ratio of the present value of proved reserves using five year strip pricing to secured debt of not less than 1.5 to 1.0 and a ratio of the present value of proved developed and producing reserves using five year strip pricing to secured debt of not less than 1.0 to 1.0, each as of the last day of any fiscal quarter commencing with the fiscal quarter ending December 31, 2014; and
	ii.	commencing with the fiscal quarter ending March 31, 2016, a leverage ratio (secured net debt to EBITDAX (as defined in the Second Lien Term Loan Agreement) with a limitation on netting of up to $100,000,000 of unencumbered cash) of not more than 2.5 to 1.0 as of the last day of any fiscal quarter for the trailing four-quarter period then ended.
	At March 31, 2015, the Company was in compliance with the proved reserves and proved developed and producing reserves coverage ratio financial covenants applicable for the period, contained in the Second Lien Term Loan Agreement; however, the Company failed to comply with certain provisions contained in the Second Lien Term Loan Agreement related to the aging of payables.
	On and effective as of April 17, 2015, the Company entered into a First Amendment to Credit Agreement and Limited Waiver (the "Second Lien Amendment"), by and among the Company, as borrower, Credit Suisse AG Cayman Islands Branch, as administrative agent and collateral agent, and the several lenders and guarantors party thereto. The Second Lien Amendment amended the Second Lien Term Loan Agreement by permanently extending the amount of time the Company and its Restricted Subsidiaries (as defined in the Second Lien Term Loan Agreement) may have accounts payable outstanding after the date of invoice from 90 days to 180 days. In addition, pursuant to the Second Lien Amendment, the lenders waived any default or event of default that may have occurred in connection with any non-compliance with the accounts payable aging limitation in effect prior to the effective date of the Second Lien Amendment.
	Interest Expense
	The following table sets forth interest expense for the three month periods ended March 31, 2015 and 2014, respectively:
		Three Months Ended
		March 31,
		2015			2014
		(in thousands)
	Interest expense incurred on debt, net of amounts capitalized	$	22,658		$	20,276
	Amortization and write-off of deferred financing costs	807			3,621
	Total interest expense	$	23,465		$	23,897
	The Company capitalizes interest on expenditures for significant construction projects that last more than six months while activities are in progress to bring the assets to their intended use. The Company capitalized interest of $0.6 million during the three months ended March 31, 2014 as part of the construction of Eureka Hunter Holdings' gas gathering system, prior to the deconsolidation of Eureka Hunter Holdings on December 18, 2014. The Company capitalized no interest during the three months ended March 31, 2015.
	For the three-month period ended March 31, 2014, interest expense incurred on debt includes a $2.2 million prepayment penalty incurred by Eureka Hunter Pipeline as a result of its early termination of the Original Eureka Hunter Credit Facilities on March 28, 2014, which penalty represents an additional cost of borrowing for a period shorter than contractual maturity. In addition, amortization and write-off of deferred financing costs for the three-month period ended March 31, 2014 includes the write-off of $2.7 million in unamortized deferred financing costs related to those terminated agreements, which costs were expensed at the time of early extinguishment.

SHAREBASED_COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION	NOTE 9 - SHARE-BASED COMPENSATION
	Employees, officers, directors, and other persons who contribute to the success of Magnum Hunter are eligible for grants of unrestricted common stock, restricted common stock, common stock options, and stock appreciation rights under the Company's Amended and Restated Stock Incentive Plan.  At March 31, 2015, 27,500,000 shares of the Company's common stock are authorized to be issued under the plan, and 11,728,837 shares had been issued under the plan as of March 31, 2015, of which 1,821,470 shares remained unvested at March 31, 2015. Additionally, 12,466,231 options to purchase shares and stock appreciation rights were outstanding as of March 31, 2015, of which 2,977,557 remained unvested at March 31, 2015.
	The Company recognized share-based compensation expense of $3.2 million for the three months ended March 31, 2015 and $1.1 million for the three months ended March 31, 2014.
	A summary of common stock option activity for the three months ended March 31, 2015 and 2014 is presented below:
		Three Months Ended March 31,
		2015		2014		2015		2014
		(in thousands of shares)				Weighted Average Exercise Price per Share
	Outstanding at beginning of period	13,195		16,891		$	5.92	$	5.69
	Granted	—		—		$	—	$	—
	Exercised	—		(597	)	$	—	$	6.67
	Forfeited	(729	)	(902	)	$	5.93	$	6.37
	Outstanding at end of period	12,466		15,392		$	5.92	$	5.61
	Exercisable at end of period	9,489		10,003		$	6.04	$	5.74
	A summary of the Company's non-vested common stock options and stock appreciation rights for the three months ended March 31, 2015 and 2014 is presented below:
		Three Months Ended March 31,
		2015		2014
		(in thousands of shares)
	Non-vested at beginning of period	4,055		6,908
	Granted	—		—
	Vested	(725	)	(805	)
	Forfeited	(353	)	(714	)
	Non-vested at end of period	2,977		5,389
	Total unrecognized compensation cost related to the non-vested common stock options and stock appreciation rights was $1.6 million and $7.9 million as of March 31, 2015 and 2014, respectively.  The unrecognized compensation cost at March 31, 2015 is expected to be recognized over a weighted-average period of 0.54 years. At March 31, 2015, the weighted average remaining contract life of outstanding options was 4.5 years.
	On March 30, 2015, the Company granted 535,274 shares of common stock for 2014 bonuses to executives and officers of the Company. The shares had a fair value at the time of grant of $1.4 million based on the stock price on grant date. During the three months ended March 31, 2015, the Company also granted an additional 105,000 restricted shares of common stock to certain newly hired officers which vest over a 3-year period, and which had a fair value at the time of grant of $0.3 million based on the stock price on grant date and estimated forfeiture rate of 5.6%.
	Total unrecognized compensation cost related to non-vested, restricted shares amounted to $7.7 million and $9.3 million as of March 31, 2015 and 2014, respectively.  The unrecognized cost at March 31, 2015, is expected to be recognized over a weighted-average period of 1.76 years.

SHAREHOLDERS_EQUITY

SHAREHOLDERSb EQUITY	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
SHAREHOLDERSb EQUITY	NOTE 10 - SHAREHOLDERS' EQUITY
	Common Stock
	During the three months ended March 31, 2015, the Company issued 1,028,355 shares of the Company's common stock in connection with share-based compensation which had fully vested to senior management and directors of the Company.
	Preferred Dividends Incurred
	A summary of the Company's preferred dividends for the three months ended March 31, 2015 and 2014 is presented below:
		Three Months Ended March 31,
		2015			2014
		(in thousands)
	Dividend on Eureka Hunter Holdings Series A Preferred Units	$	—		$	4,028
	Accretion of the carrying value of the Eureka Hunter Holdings Series A Preferred Units	—			2,048
	Dividend on Series C Preferred Stock	2,562			2,562
	Dividend on Series D Preferred Stock	4,424			4,424
	Dividend on Series E Preferred Stock	1,862			1,834
	Total dividends on Preferred Stock	$	8,848		$	14,896
	Net Income or Loss per Share Data
	Basic income or loss per common share is computed by dividing the income or loss attributable to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted income or loss per common share considers the impact to net income and common shares for the potential dilution from stock options and stock appreciation rights, common stock purchase warrants and any outstanding convertible securities.
	The Company has issued potentially dilutive instruments in the form of restricted common stock of Magnum Hunter granted and not yet issued, common stock warrants, common stock options granted to the Company's employees and directors, and the Company's Series E Preferred Stock. The Company did not include any of these instruments in its calculation of diluted loss per share during the periods presented, because to include them would be anti-dilutive due to the Company's loss from continuing operations during those periods.
	The following table summarizes the types of potentially dilutive securities outstanding as of March 31, 2015 and 2014:
		March 31,
		2015		2014
		(in thousands of shares)
	Series E Preferred Stock	10,946		10,946
	Warrants	19,173		17,071
	Unvested restricted shares	1,768		1,453
	Common stock options and stock appreciation rights	12,466		15,392
	Total	44,353		44,862

REDEEMABLE_PREFERRED_STOCK

REDEEMABLE PREFERRED STOCK	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
REDEEMABLE PREFERRED STOCK	NOTE 11 - REDEEMABLE PREFERRED STOCK
	Eureka Hunter Holdings Series A Preferred Units
	On March 21, 2012, Eureka Hunter Holdings entered into a Series A Convertible Preferred Unit Purchase Agreement (the "Unit Purchase Agreement") with Magnum Hunter and Ridgeline Midstream Holdings, LLC ("Ridgeline"). Pursuant to this Unit Purchase Agreement, Ridgeline had purchased $200.0 million of Eureka Hunter Holdings Series A Preferred Units as of September 16, 2014.
	On September 16, 2014, the Company entered into an agreement (the "Transaction Agreement") with MSI and Eureka Hunter Holdings relating to a separate purchase agreement between MSI and Ridgeline providing for the purchase by MSI of all the Eureka Hunter Holdings Series A Preferred Units and Class A Common Units owned by Ridgeline. The Transaction Agreement also provided for the execution of the LLC Agreement to be entered into by Magnum Hunter, MSI and the minority interest members of Eureka Hunter Holdings contingent upon and contemporaneously with the closing of MSI's purchase of Ridgeline's equity interests in Eureka Hunter Holdings, which occurred on October 3, 2014.
	In accordance with the terms of the LLC Agreement, all of the Eureka Hunter Holdings Series A Preferred Units and Class A Common Units of Eureka Hunter Holdings acquired by MSI from Ridgeline were converted into Series A-2 Common Units, a new class of equity interests of Eureka Hunter Holdings, which were subsequently derecognized by the Company and included in the gain on deconsolidation of Eureka Hunter Holdings on December 18, 2014.

TAXES

TAXES	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Taxes	NOTE 12 - TAXES
	The Company did not recognize an income tax benefit or expense from continuing operations for the three months ended March 31, 2015 and 2014 as a result of its large net operating losses and corresponding valuation allowance.
	The Company recognizes deferred income taxes for the future tax consequences attributable to differences between the financial statement carrying amounts of the existing assets and liabilities and their respective tax basis and net operating loss and credit carry forwards. The Company maintains a full valuation allowance on deferred tax assets where the realization of those deferred tax assets is not more likely than not. The valuation allowance will continue to be recognized until the realization of future deferred tax benefits is more likely than not to be utilized. The Company files income tax returns in the United States, various states and Canada. As of March 31, 2015, no adjustments have been proposed by any tax jurisdiction that would have a significant impact on the Company's liquidity, future results of operations or financial position.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 13 - RELATED PARTY TRANSACTIONS
	The following table sets forth the related party balances as of March 31, 2015 and December 31, 2014:
		March 31, 2015			December 31, 2014
		(in thousands)
	GreenHunter (1)
	Accounts payable - net	$	(373	)	$	(228	)
	Derivative assets (2)	$	50		$	75
	Investments (2)	$	1,688		$	1,311
	Notes receivable (2)	$	1,226		$	1,224
	Prepaid expenses	$	461		$	1,000
	Eureka Hunter Holdings (3)
	Accounts receivable (payable) - net	$	(1,596	)	$	122
	Equity method investment	$	352,354		$	347,191
	Pilatus Hunter
	Accounts receivable - net	$	12		$	12
	Classic Petroleum, Inc. (5)
	Accounts payable	$	(282	)	$	—
	The Company holds investments in a related party consisting of 1,846,722 shares of common stock of GreenHunter with no carrying value as of March 31, 2015 and 88,000 shares of Series C preferred stock of GreenHunter with a carrying value of $1.7 million as of March 31, 2015.
	The following table sets forth the related party transaction activities for the three months ended March 31, 2015 and 2014, respectively:
			Three Months Ended
			March 31,
			2015			2014
			(in thousands)
	GreenHunter
		Salt water disposal (1)	$	1,339		$	322
		Equipment rental (1)	$	45		$	122
		Gas gathering-trucking (1)	$	6		$	—
		Office space rental	$	4		$	22
		Interest income from note receivable (2)	$	31		$	45
		Dividends received from Series C shares	$	55		$	55
		Unrealized gain on investments (2)	$	376		$	235
	Pilatus Hunter, LLC
		Airplane rental expenses (4)	$	11		$	70
	Eureka Hunter Holdings (3)
		Transportation costs	$	5,606		$	—
		Disposal services	$	369		$	—
		Equipment rental	$	10		$	—
		Land usage fee	$	3		$	—
	Classic Petroleum, Inc. (5)
		Land services	$	162		$	312
	_________________________________
	(1)	GreenHunter is an entity of which Gary C. Evans, the Company's Chairman and CEO, is the Chairman and a major shareholder. Triad Hunter and Viking International Resources Co., Inc., wholly-owned subsidiaries of the Company, receive services related to brine water and rental equipment from GreenHunter and certain affiliated companies. The Company believes that such services were and are provided at competitive market rates and were and are comparable to, or more attractive than, rates that could be obtained from unaffiliated third party suppliers of such services.
	(2)	On February 17, 2012, the Company sold its wholly-owned subsidiary, Hunter Disposal, to GreenHunter Water, LLC ("GreenHunter Water"), a wholly-owned subsidiary of GreenHunter.  The Company recognized an embedded derivative asset resulting from the conversion option under the convertible promissory note it received as partial consideration for the sale.  See "Note 6 - Fair Value of Financial Instruments" for additional information. The Company has recorded interest income as a result of the note receivable from GreenHunter. Also as a result of this transaction, the Company has an equity method investment in GreenHunter that is included in derivatives and investment in affiliates - equity method and an available for sale investment in GreenHunter included in investments.
	(3)	Following a sequence of transactions up to and including, December 18, 2014, the Company no longer held a controlling financial interest in Eureka Hunter Holdings. The Company deconsolidated Eureka Hunter Holdings and accounts for its retained interest as of December 31, 2014 under the equity method of accounting. See "Note 7 - Investments and Derivatives".
	(4)	The Company rented an airplane for business use for certain members of Company management at various times from Pilatus Hunter, LLC, an entity 100% owned by Mr. Evans. Airplane rental expenses are recorded in general and administrative expense.
	(5)	Classic Petroleum, Inc. is an entity owned by the brother of James W. Denny, III, the Company's Executive Vice President and President of the Company's Appalachian Division. Triad Hunter receives land brokerage services from Classic Petroleum, Inc., including courthouse abstracting, contract negotiations, GIS mapping and leasing services.
	In connection with the sale of Hunter Disposal, Triad Hunter entered into agreements with Hunter Disposal and GreenHunter Water for wastewater hauling and disposal capacity in Kentucky, Ohio, and West Virginia and a five-year tank rental agreement with GreenHunter Water.  On December 22, 2014, Triad Hunter entered into an Amendment to Produced Water Hauling and Disposal Agreement with GreenHunter Water to secure long-term water disposal at reduced rates through December 31, 2019. To ensure disposal capacity, in connection with the amendment on December 29, 2014 Triad Hunter made a prepayment of $1.0 million towards services to be provided under the Produced Water Hauling and Disposal Agreement. GreenHunter Water is providing a 50% credit for all services performed under the agreement until the prepayment amount is utilized in full, which is anticipated to occur during the first half of 2015. As of March 31, 2015, the prepayment amount had been reduced to $461 thousand.
	As of March 31, 2015, the Company had a note receivable from GreenHunter with an outstanding principal balance of approximately $1.2 million.  Under the terms of the promissory note, GreenHunter is required to make quarterly payments to the Company  comprised of principal of $137,500 and accrued interest through the maturity of the note in February 2017. Under the terms of the note, failure to pay timely is considered an event of default. As of March 31, 2015, GreenHunter was past due on principal and interest payments in aggregate of $168,437, which were due on February 17, 2015. On May 4, 2015, GreenHunter made this past due principal and interest payment of $168,437.
	As of March 31, 2015, Mr. Evans, the Company's Chairman and Chief Executive Officer, held 27,641 Series A-1 Common Units of Eureka Hunter Holdings.
	Triad Hunter and Eureka Hunter Pipeline are parties to an Amended and Restated Gas Gathering Services Agreement, which was executed on March 21, 2012, and amended on October 3, 2014 in contemplation of the LLC Agreement. Under the terms of the gathering agreement, Triad Hunter reserved throughput capacity in the gas gathering pipeline system of Eureka Hunter Holdings for which Triad Hunter has committed to minimum reservation fees of approximately $0.75 per MMBtu.
	Upon the deconsolidation of Eureka Hunter Holdings on December 18, 2014, Eureka Hunter Holdings and its subsidiaries became related parties of the Company. The Company and Eureka Hunter Holdings entered into a Services Agreement on March 20, 2012, and amended on September 15, 2014, under which the Company agreed to provide administrative services to Eureka Hunter Holdings related to its operations. The terms of the Services Agreement provide that the Company will receive an administrative fee of $500,000 per annum and a personnel services fee equal to the Company's employee cost plus 1.5% subject to mutually agreed upon increases from time to time. Under the terms of the LLC Agreement, certain specified employees of the Company that perform services for Eureka Hunter Holdings and its subsidiaries and for whom the Company previously billed a personnel services fee, are expected to become employees of Eureka Hunter Holdings or a subsidiary of Eureka Hunter Holdings.
	On July 18, 2014, the Company entered into a consulting agreement with Kirk J. Trosclair, a former executive of Alpha Hunter Drilling, LLC, a wholly-owned subsidiary of the Company. Mr. Trosclair ceased employment with the Company on July 18, 2014 and is currently the Chief Operating Officer of GreenHunter. The agreement has a term of 12 months and provides that Mr. Trosclair will receive monthly compensation of $10,000, and Mr. Trosclair is eligible to continue vesting in previously granted stock options and unvested restricted stock awards, subject to continued service under the consulting agreement. In connection with this agreement, for the three months ended March 31, 2015, the Company paid Mr. Trosclair $31,000, which includes reimbursement of expenses incurred on behalf of the Company, and recognized $49,000 in stock compensation expense.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 14 - COMMITMENTS AND CONTINGENCIES
	Agreement to Purchase Utica Shale Acreage
	On August 12, 2013, Triad Hunter entered into an asset purchase agreement with MNW. Pursuant to the purchase agreement, Triad Hunter has agreed to acquire from MNW up to 32,000 net mineral acres, including currently leased and subleased acreage, located in such counties, over a period of time, in staggered closings, subject to certain conditions. On January 14, 2015, Triad Hunter closed on the acquisition of 2,665 net leasehold acres for $12.0 million from MNW. To date, under the asset purchase agreement, Triad Hunter has now acquired a total of approximately 25,044 net leasehold acres from MNW, or approximately 78.3% of the approximately 32,000 total net leasehold acres anticipated under the asset purchase agreement.
	Drilling Rig Purchase
	During June 2014, the Company, through its wholly-owned subsidiary, Alpha Hunter Drilling, LLC, executed an agreement to purchase a new drilling rig for a total purchase price of approximately $6.5 million, including a $1.3 million deposit due on July 1, 2014 with the remainder due upon delivery, which was expected to be on or about January 15, 2015. In February 2015, the Company was notified that the rig was complete and available for delivery. However, the Company has not taken delivery of the rig and and has initiated negotiations to apply the deposit towards a trade on a different drilling rig or associated equipment.
	Legal Proceedings
	Securities Cases
	On April 23, 2013, Anthony Rosian, individually and on behalf of all other persons similarly situated, filed a class action complaint in the United States District Court, Southern District of New York, against the Company and certain of its officers, two of whom, at that time, also served as directors, and one of whom continues to serve as a director. On April 24, 2013, Horace Carvalho, individually and on behalf of all other persons similarly situated, filed a similar class action complaint in the United States District Court, Southern District of Texas, against the Company and certain of its officers. Several substantially similar putative class actions were filed in the Southern District of New York and in the Southern District of Texas. All such cases are collectively referred to as the Securities Cases. The cases filed in the Southern District of Texas have since been dismissed. The cases filed in the Southern District of New York were consolidated and have since been dismissed. The plaintiffs in the Securities Cases had filed a consolidated amended complaint alleging that the Company made certain false or misleading statements in its filings with the SEC, including statements related to the Company's internal and financial controls, the calculation of non-cash share-based compensation expense, the late filing of the Company's 2012 Form 10-K, the dismissal of Magnum Hunter's previous independent registered accounting firm, the Company's characterization of the auditors' position with respect to the dismissal, and other matters identified in the Company's April 16, 2013 Form 8-K, as amended. The consolidated amended complaint asserted claims under Sections 10(b) and 20 of the Exchange Act based on alleged false statements made regarding these issues throughout the alleged class period, as well as claims under Sections 11, 12, and 15 of the Securities Act based on alleged false statements and omissions regarding the Company's internal controls made in connection with a public offering that Magnum Hunter completed on May 14, 2012. The consolidated amended complaint demanded that the defendants pay unspecified damages to the class action plaintiffs, including damages allegedly caused by the decline in the Company's stock price between February 22, 2013 and April 22, 2013. In January 2014, the Company and the individual defendants filed a motion to dismiss the Securities Cases. On June 23, 2014, the United States District Court for the Southern District of New York granted the Company's and the individual defendants' motion to dismiss the Securities Cases and, accordingly, the Securities Cases have now been dismissed. The plaintiffs have appealed the decision to the U.S. Court of Appeals for the Second Circuit. The Company intends to continue vigorously defending the Securities Cases. It is possible that additional investor lawsuits could be filed over these events.
	On May 10, 2013, Steven Handshu filed a stockholder derivative suit in the 151st Judicial District Court of Harris County, Texas on behalf of the Company against the Company's directors and senior officers. On June 6, 2013, Zachariah Hanft filed another stockholder derivative suit in the Southern District of New York on behalf of the Company against the Company's directors and senior officers. On June 18, 2013, Mark Respler filed another stockholder derivative suit in the District of Delaware on behalf of the Company against the Company's directors and senior officers. On June 27, 2013, Timothy Bassett filed another stockholder derivative suit in the Southern District of Texas on behalf of the Company against the Company's directors and senior officers. On September 16, 2013, the Southern District of Texas allowed Joseph Vitellone to substitute for Mr. Bassett as plaintiff in that action. On March 19, 2014 Richard Harveth filed another stockholder derivative suit in the 125th District Court of Harris County, Texas.  These suits are collectively referred to as the Derivative Cases. The Derivative Cases assert that the individual defendants unjustly enriched themselves and breached their fiduciary duties to the Company by publishing allegedly false and misleading statements to the Company's investors regarding the Company's business and financial position and results, and allegedly failing to maintain adequate internal controls. The complaints demand that the defendants pay unspecified damages to the Company, including damages allegedly sustained by the Company as a result of the alleged breaches of fiduciary duties by the defendants, as well as disgorgement of profits and benefits obtained by the defendants, and reasonable attorneys', accountants' and experts' fees and costs to the plaintiff. On December 20, 2013, the United States District Court for the Southern District of Texas granted the Company's motion to dismiss the stockholder derivative case maintained by Joseph Vitellone and entered a final judgment of dismissal. The court held that Mr. Vitellone failed to plead particularized facts demonstrating that pre-suit demand on the Company's board was excused. In addition, on December 13, 2013, the 151st Judicial District Court of Harris County, Texas dismissed the lawsuit filed by Steven Handshu for want of prosecution after the plaintiff failed to serve any defendant in that matter. On January 21, 2014, the Hanft complaint was dismissed with prejudice after the plaintiff in that action filed a voluntary motion for dismissal. On February 18, 2014, the United States District Judge for the District of Delaware granted the Company's supplemental motion to dismiss the Derivative Case filed by Mark Respler. All of the Derivative Cases have now been dismissed, except the Derivative Case filed by Richard Harveth, for which the Company is presently seeking dismissal. It is possible that additional stockholder derivative suits could be filed over these events.
	In addition, the Company has received several demand letters from stockholders seeking books and records relating to the allegations in the Securities Cases and the Derivative Cases under Section 220 of the Delaware General Corporation Law. On September 17, 2013, Anthony Scavo, who is one of the stockholders that made a demand, filed a books and records action in the Delaware Court of Chancery pursuant to Section 220 of the Delaware General Corporation Law ("Scavo Action"). The Scavo Action seeks various books and records relating to the claims in the Securities Cases and the Derivative Cases, as well as costs and attorneys' fees. The Company has filed an answer in the Scavo Action, which has now been dismissed. It is possible that additional similar actions may be filed and that similar stockholder demands could be made.
	In April 2013, the Company also received a letter from the staff of the SEC's Division of Enforcement (the "Staff") stating that the Staff was conducting an inquiry regarding the Company's internal controls, change in outside auditors and public statements to investors and asking the Company to preserve documents relating to these matters. The Company is complying with this request. On December 30, 2013, the Company received a document subpoena relating to the issues identified in the April 2013 letter. In 2014, the SEC issued additional subpoenas for documents and testimony and has taken testimony from certain individuals. The Company intends to cooperate with the subpoenas. In connection with the Staff's inquiry, on March 24, 2015, the Company received a "Wells Notice" from the Staff, stating that the Staff has made a preliminary determination to recommend that the SEC file an enforcement action against the Company. On that date, the Staff issued similar Wells Notices to Gary C. Evans, the Company's Chairman and Chief Executive Officer, J. Raleigh Bailes, Sr., a director of the Company and former Chairman of the Company's Audit Committee, the former chief financial officer of the Company who was in office at the time of the Company's decision to dismiss its prior independent registered public accounting firm and the former chief accounting officer of the Company who had resigned from that position with the Company in October 2012. The Wells Notice issued to the Company states that the proposed action against the Company would allege violations of Sections 17(a)(2) and 17(a)(3) of the Securities Act of 1933 and Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Securities Exchange Act of 1934 and Rules 13a-l, 13a-13, and 13a-15(a) thereunder. The proposed actions against the individuals would allege violations of those same provisions, as well as violations of Section 13(b)(5) of the Securities Exchange Act of 1934 and Rules 13a-14 and 13a-15(c) thereunder. The proposed actions described in the Wells Notices do not include any claims for securities fraud under Section 10(b) of the Securities Exchange Act of 1934 or Rule 10b-5 thereunder or under Section 17(a)(1) of the Securities Act of 1933. The Wells Notices state that the Staff's recommendation may involve a civil injunctive action, public administrative proceeding, and/or cease-and-desist proceeding, and may seek remedies that might include, among other things, a cease-and-desist order, injunctions, disgorgement with pre-judgment interest and civil money penalties, as well as potential administrative remedies against Mr. Bailes under Rule 102(e)(1)(iii) of the SEC's Rules of Practice. A Wells Notice is neither a formal allegation nor a finding of wrongdoing. It allows the recipient the opportunity, through a "Wells Submission", to provide the recipient's reasons of law, policy or fact as to why the proposed enforcement action should not be filed and to address the issues raised by the Staff before any decision is made by the SEC on whether to authorize the commencement of an enforcement proceeding. The Company submitted a response to the Wells Notice in the form of a Wells Submission and continues to engage with the Staff regarding the issues raised in the Wells Notice.
	Any potential liability, if any, from these claims cannot currently be estimated.
	Twin Hickory Matter
	On April 11, 2013, a flash fire occurred at Eureka Hunter Pipeline's Twin Hickory site located in Tyler County, West Virginia. The incident occurred during a pigging operation at a natural gas receiving station. Two employees of third-party contractors received fatal injuries. Another employee of a third-party contractor was also injured.
	In mid-February 2014, the estate of one of the deceased third-party contractor employees sued Eureka Hunter Pipeline and certain other parties in a case styled Karen S. Phipps v. Eureka Hunter Pipeline, LLC et al., Civil Action No. 14-C-41, in the Circuit Court of Ohio County, West Virginia. In October 2014, in a case styled Exterran Energy Solutions, LP v. Eureka Hunter Pipeline, LLC and Magnum Hunter Resources Corporation, Civil Action No. 2014-63353, in the District Court of Harris County, Texas, Exterran Energy Solutions, LP, one of the co-defendants in the Phipps lawsuit, filed suit against the Company and Eureka Hunter Pipeline seeking a declaratory judgment that Eureka Hunter Pipeline is obligated to indemnify Exterran with respect to the Phipps lawsuit. In April 2014, the estate of the other deceased third-party contractor employee sued the Company, Eureka Hunter Pipeline and certain other parties in a case styled Antoinette M. Miller v. Magnum Hunter Resources Corporation et al, Civil Action No. 14-C-111, in the Circuit Court of Ohio County, West Virginia. The plaintiffs allege that Eureka Hunter Pipeline and the other defendants engaged in certain negligent and reckless conduct which resulted in the wrongful death of the third-party contractor employees. The plaintiffs have demanded judgment for an unspecified amount of compensatory, general and punitive damages. Various cross-claims have also been asserted. In May 2014, the injured third-party contractor employee sued Magnum Hunter Resources Corporation and certain other parties in a case styled Jonathan Whisenhunt v. Magnum Hunter Resources Corporation et al, Civil Action No. 14-C-135, in the Circuit Court of Ohio County, West Virginia. The claim filed by the injured third-party contractor employee, Jonathan Whisenhunt, has been resolved and dismissal of this case is anticipated in the near term. A portion of the settlement was paid by an insurer of Eureka Hunter Pipeline, and the remainder paid by the co-defendants or their insurers. The cross-claims among the defendants in the Whisenhunt litigation have not been resolved. Investigation regarding the incident is ongoing. It is not possible to predict at this juncture the extent to which, if at all, Eureka Hunter Pipeline or any related entities will incur liability or damages because of this incident. However, the Company believes that its insurance coverage will be sufficient to cover any losses or liabilities it may incur as a result of this incident, subject to the retention amounts under the insurance policies.
	General
	We are also a defendant in several other lawsuits that have arisen in the ordinary course of business. While the outcome of these lawsuits cannot be predicted with certainty, management does not expect any of these to have a material adverse effect on our consolidated financial condition or results of operations.

SUPPLEMENTAL_CASH_FLOW_INFORMA

SUPPLEMENTAL CASH FLOW INFORMATION	3 Months Ended
	Mar. 31, 2015
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	NOTE 15 - SUPPLEMENTAL CASH FLOW INFORMATION
	The following table summarizes cash paid (received) for interest and income taxes, as well as non-cash investing transactions:
		Three Months Ended March 31,
		2015			2014
		(in thousands)
	Cash paid for interest	$	7,408		$	3,050
	Non-cash transactions
	Non-cash consideration received from sale of assets	$	—		$	9,400
	Change in accrued capital expenditures	$	(35,152	)	$	55,396
	Non-cash additions to asset retirement obligation	$	(766	)	$	52
	Eureka Hunter Holdings Series A Preferred Unit dividends paid in kind	$	—		$	1,900

SEGMENT_REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
SEGMENT REPORTING	NOTE 16 - SEGMENT REPORTING
	U.S. Upstream, Midstream, and Oilfield Services represent the operating segments of the Company.  Beginning September 30, 2013, the Canadian Upstream segment, comprised of the WHI Canada operations, was classified as assets held for sale and discontinued operations. The Company sold 100% of the equity in WHI Canada in May 2014.
	The following tables set forth operating activities and capital expenditures by segment for the three months ended, and segment assets as of March 31, 2015 and 2014, respectively.
		As of and for the Three Months Ended March 31, 2015
		U.S. Upstream			Canadian Upstream			Midstream and Marketing			Oilfield Services			Corporate Unallocated (1)			Inter-segment Eliminations			Total
		(in thousands)
	Total revenue	$	50,213		$	—		$	318		$	6,674		$	—		$	(1,809	)	$	55,396
	Depletion, depreciation, amortization and accretion	56,897			—			—			1,006			—			(153		)	57,750
	Gain on sale of assets, net	(1,640		)	—			—			(12		)	—			—			(1,652		)
	Other operating expenses	61,659			—			404			5,277			11,034			(1,588		)	76,786
	Other income (expense)	(8,213		)	—			—			(166		)	(20,052		)	—			(28,431		)
	Net income (loss)	$	(74,916	)	$	—		$	(86	)	$	237		$	(31,086	)	$	(68	)	$	(105,919	)
	Total assets	$	1,113,179		$	—		$	149		$	44,323		$	412,596		$	(1,422	)	$	1,568,825
	Total capital expenditures	$	47,318		$	—		$	—		$	421		$	1,448		$	—		$	49,187
		As of and for the Three Months Ended March 31, 2014
		U.S. Upstream			Canadian Upstream			Midstream and Marketing (2)			Oilfield Services			Corporate Unallocated			Inter-segment Eliminations			Total
		(in thousands)
	Total revenue	$	76,212		$	—		$	34,735		$	7,911		$	—		$	(5,376	)	$	113,482
	Depletion, depreciation, amortization and accretion	24,940			—			3,678			791			—			—			29,409
	Loss on sale of assets, net	4,073			—			—			2			—			—			4,075
	Other operating expenses	68,865			—			32,070			6,713			10,488			(5,376		)	112,760
	Other income (expense)	(372		)	—			30			(209		)	(23,244		)	—			(23,795		)
	Income (loss) from continuing operations before income tax	(22,038		)	—			(983		)	196			(33,732		)	—			(56,557		)
	Total income (loss) from discontinued operations, net of tax	(4,319		)	(825		)	—			—			—			—			(5,144		)
	Net income (loss)	$	(26,357	)	$	(825	)	$	(983	)	$	196		$	(33,732	)	$	—		$	(61,701	)
	Total assets	$	1,369,962		$	64,147		$	322,030		$	45,021		$	98,526		$	(5,833	)	$	1,893,853
	Total capital expenditures	$	66,311		$	308		$	30,634		$	690		$	23		$	—		$	97,966
	_________________________________
	(1)	Includes the Company's retained interest in Eureka Hunter Holdings which has a value of $346.9 million at March 31, 2015.
	(2)	Includes operations of Eureka Hunter Holdings, which represents approximately 25.0% of Midstream and Marketing revenues for the three months ended March 31, 2014, and which was deconsolidated as of December 18, 2014.

CONDENSED_CONSOLIDATING_GUARAN

CONDENSED CONSOLIDATING GUARANTOR FINANCIAL STATEMENTS	3 Months Ended
	Mar. 31, 2015
Guarantees [Abstract]
CONDENSED CONSOLIDATING GUARANTOR FINANCIAL STATEMENTS	NOTE 17 - CONDENSED CONSOLIDATED GUARANTOR FINANCIAL STATEMENTS
	Guarantor Subsidiaries
	Certain of the Company's subsidiaries, including Alpha Hunter Drilling, LLC, Bakken Hunter, LLC, Shale Hunter, LLC, Magnum Hunter Marketing, LLC, MHP, NGAS Hunter, LLC, Triad Hunter, Viking International Resources, Co., Inc., and Bakken Hunter Canada, Inc., (collectively, "Guarantor Subsidiaries"), jointly and severally guarantee on a senior unsecured basis, the obligations of the Company under all the Senior Notes issued under the indenture entered into by the Company on May 16, 2012, as supplemented. The Guarantor Subsidiaries may also guarantee any debt of the Company issued pursuant to the Form S-3 Registration Statement filed by the Company with the SEC on March 15, 2015. The Company filed an amendment to this registration statement on April 20, 2015, which was declared effective on April 22, 2015. See "Note 18 - Subsequent Events".
	Condensed consolidating financial information for Magnum Hunter Resources Corporation, the Guarantor Subsidiaries and the other subsidiaries of the Company (the "Non Guarantor Subsidiaries") as of March 31, 2015 and December 31, 2014, and for the three months ended March 31, 2015 and 2014, are as follows:
	Magnum Hunter Resources Corporation and Subsidiaries
	Condensed Consolidating Balance Sheets
	(in thousands)
		As of March 31, 2015
		Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
		Resources			Subsidiaries			Subsidiaries						Resources
		Corporation												Corporation
														Consolidated
	ASSETS
	Current assets	$	34,173		$	21,554		$	416		$	(1,355	)	$	54,788
	Intercompany accounts receivable	1,147,078			—			—			(1,147,078		)	—
	Property and equipment (using successful efforts method of accounting)	6,598			1,137,615			12			(68		)	1,144,157
	Investment in subsidiaries	(158,251		)	92,458			—			65,793			—
	Investment in affiliate, equity-method	346,912			—			—			—			346,912
	Other assets	22,085			883			—			—			22,968
	Total Assets	$	1,398,595		$	1,252,510		$	428		$	(1,082,708	)	$	1,568,825
	LIABILITIES AND SHAREHOLDERS' EQUITY
	Current liabilities	$	40,478		$	128,854		$	1,005		$	(1,355	)	$	168,982
	Intercompany accounts payable	—			1,108,513			40,801			(1,149,314		)	—
	Long-term liabilities	930,145			41,727			—			—			971,872
	Redeemable preferred stock	100,000			—			—			—			100,000
	Shareholders' equity (deficit)	327,972			(26,584		)	(41,378		)	67,961			327,971
	Total Liabilities and Shareholders' Equity	$	1,398,595		$	1,252,510		$	428		$	(1,082,708	)	$	1,568,825
	Magnum Hunter Resources Corporation and Subsidiaries
	Condensed Consolidating Balance Sheets
	(in thousands)
		As of December 31, 2014
		Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
		Resources			Subsidiaries			Subsidiaries						Resources
		Corporation												Corporation
														Consolidated
	ASSETS
	Current assets	$	85,647		$	36,338		$	589		$	(2,378	)	$	120,196
	Intercompany accounts receivable	1,113,417			—			—			(1,113,417		)	—
	Property and equipment (using successful efforts method of accounting)	5,506			1,170,122			30			—			1,175,658
	Investment in subsidiaries	(91,595		)	94,134			—			(2,539		)	—
	Investment in affiliate, equity-method	347,191			—			—			—			347,191
	Other assets	22,804			3,980			—			—			26,784
	Total Assets	$	1,482,970		$	1,304,574		$	619		$	(1,118,334	)	$	1,669,829
	LIABILITIES AND SHAREHOLDERS' EQUITY
	Current liabilities	$	25,347		$	142,914		$	2,567		$	(2,383	)	$	168,445
	Intercompany accounts payable	—			1,073,091			42,560			(1,115,651		)	—
	Long-term liabilities	925,767			43,762			—			—			969,529
	Redeemable preferred stock	100,000			—			—			—			100,000
	Shareholders' equity (deficit)	431,856			44,807			(44,508		)	(300		)	431,855
	Total Liabilities and Shareholders' Equity	$	1,482,970		$	1,304,574		$	619		$	(1,118,334	)	$	1,669,829
	Magnum Hunter Resources Corporation and Subsidiaries
	Condensed Consolidating Statements of Operations
	(in thousands)
		Three Months Ended March 31, 2015
		Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
		Resources			Subsidiaries			Subsidiaries						Resources
		Corporation												Corporation
														Consolidated
	Revenues	$	1		$	56,996		$	528		$	(2,129	)	$	55,396
	Expenses	31,565			131,449			362			(2,061		)	161,315
	Income (loss) from continuing operations before equity in net income of subsidiaries	(31,564		)	(74,453		)	166			(68		)	(105,919		)
	Equity in net income of subsidiaries	(74,355		)	(1,676		)	—			76,031			—
	Net income (loss)	(105,919		)	(76,129		)	166			75,963			(105,919		)
	Dividends on preferred stock	(8,848		)	—			—			—			(8,848		)
Net income (loss) attributable to common shareholders	$	(114,767	)	$	(76,129	)	$	166		$	75,963		$	(114,767	)
	Three Months Ended March 31, 2014
	Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
	Resources			Subsidiaries			Subsidiaries						Resources
	Corporation												Corporation
													Consolidated
Revenues	$	108		$	109,881		$	8,869		$	(5,376	)	$	113,482
Expenses	34,793			131,717			8,905			(5,376		)	170,039
Income (loss) from continuing operations before equity in net income of subsidiaries	(34,685		)	(21,836		)	(36		)	—			(56,557		)
Equity in net income of wholly-owned subsidiaries	(28,815		)	155			—			28,660			—
Income (loss) from continuing operations	(63,500		)	(21,681		)	(36		)	28,660			(56,557		)
Income from discontinued operations, net of tax	—			—			3,369			—			3,369
Gain on sale of discontinued operations, net of tax	(4,319		)	—			(4,194		)	—			(8,513		)
Net income (loss)	(67,819		)	(21,681		)	(861		)	28,660			(61,701		)
Net income attributable to non-controlling interest	—			—			—			109			109
Net income (loss) attributable to Magnum Hunter Resources Corporation	(67,819		)	(21,681		)	(861		)	28,769			(61,592		)
Dividends on preferred stock	(8,820		)	—			(6,076		)	—			(14,896		)
Net income (loss) attributable to common shareholders	$	(76,639	)	$	(21,681	)	$	(6,937	)	$	28,769		$	(76,488	)
Magnum Hunter Resources Corporation and Subsidiaries
Condensed Consolidating Statements of Comprehensive Income (Loss)
(in thousands)
	Three Months Ended March 31, 2015
	Magnum  Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
	Resources			Subsidiaries			Subsidiaries						Resources
	Corporation												Corporation
													Consolidated
Net income (loss)	$	(105,919	)	$	(76,129	)	$	166		$	75,963		$	(105,919	)
Foreign currency translation gain	—			115			—			—			115
Unrealized loss on available for sale securities	—			(1,408		)	—			—			(1,408		)
Amounts reclassified for other than temporary impairment of available for sale securities	—			8,992			—			—			8,992
Comprehensive income (loss)	(105,919		)	(68,430		)	166			75,963			(98,220		)
	Three Months Ended March 31, 2014
	Magnum  Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
	Resources			Subsidiaries			Subsidiaries						Resources
	Corporation												Corporation
													Consolidated
Net income (loss)	$	(67,819	)	$	(21,681	)	$	(861	)	$	28,660		$	(61,701	)
Foreign currency translation loss	—			—			(2,348		)	—			(2,348		)
Unrealized loss on available for sale securities	—			(56		)	—			—			(56		)
Comprehensive income (loss)	(67,819		)	(21,737		)	(3,209		)	28,660			(64,105		)
Comprehensive loss attributable to non-controlling interest	—			—			—			109			109
Comprehensive income (loss) attributable to Magnum Hunter Resources Corporation	$	(67,819	)	$	(21,737	)	$	(3,209	)	$	28,769		$	(63,996	)
Magnum Hunter Resources Corporation and Subsidiaries
Condensed Consolidating Statements of Cash Flows
(in thousands)
	Three Months Ended March 31, 2015
	Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
	Resources			Subsidiaries			Subsidiaries						Resources
	Corporation												Corporation
													Consolidated
Cash flows from operating activities	$	(41,254	)	$	89,611		$	—		$	(221	)	$	48,136
Cash flows from investing activities	151			(81,258		)	—			221			(80,886		)
Cash flows from financing activities	(5,804		)	(995		)	—			—			(6,799		)
Effect of exchange rate changes on cash	—			22			—			—			22
Net increase (decrease) in cash	(46,907		)	7,380			—			—			(39,527		)
Cash at beginning of period	64,165			(10,985		)	—			—			53,180
Cash at end of period	$	17,258		$	(3,605	)	$	—		$	—		$	13,653
	Three Months Ended March 31, 2014
	Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
	Resources			Subsidiaries			Subsidiaries						Resources
	Corporation												Corporation
													Consolidated
Cash flows from operating activities	$	(8,779	)	$	4,611		$	8,045		$	—		$	3,877
Cash flows from investing activities	(181		)	(4,070		)	(18,568		)	—			(22,819		)
Cash flows from financing activities	31,886			4,050			5,720			—			41,656
Effect of exchange rate changes on cash	—			—			25			—			25
Net increase (decrease) in cash	22,926			4,591			(4,778		)	—			22,739
Cash at beginning of period	47,895			(17,651		)	11,469			—			41,713
Cash at end of period	$	70,821		$	(13,060	)	$	6,691		$	—		$	64,452

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 18 - SUBSEQUENT EVENTS
	Amendments and Waivers to Credit Agreements
	On February 24, 2015 and April 17, 2015, the Company entered into certain amendments and waivers with respect to the Credit Agreement and the Second Lien Term Loan Agreement.  These amendments and waivers are described in "Note 8 - Debt".
	Form S-3 Registration Statement
	On March 13, 2015, the Company filed a universal shelf Form S-3 Registration Statement to register the sale by the Company of a maximum aggregate amount of up to $500 million of debt and equity securities. The Company filed amendments to this Form S-3 Registration Statement on April 15, 2015 and April 20, 2015 and the Form S-3 Registration Statement became effective on April 22, 2015. The guarantor financial information as of and for the three months ended March 31, 2015, included in "Note 17 - Condensed Consolidated Guarantor Financial Statements", is applicable to any Guarantor Subsidiaries that may guarantee any debt issued by the Company pursuant to the Form S-3 Registration Statement.
	On April 23, 2015, the Company entered into an "At the Market" Sales Agreement with a sales agent to conduct ATM offerings of its equity securities. As of May 8, 2015, the Company had sold an aggregate of 6,759,981 shares of its common stock for aggregate proceeds of $13.7 million net of $0.3 million in sales commissions through this ATM offering under the Form S-3 Registration Statement.
	Commodity Derivative Terminations
	On May 7, 2015, the Company obtained consent under the MHR Senior Revolving Credit Facility to terminate the Company’s open commodity derivative positions, so long as all such terminations occur prior to the November 1, 2015 borrowing base redetermination. Such terminations have been contemplated and are reflected in the May 1, 2015 borrowing base redetermination. Following the May 1, 2015 borrowing base redetermination, the Company’s borrowing base under the MHR Senior Revolving Credit Facility was maintained at $50 million. The Company expects to receive approximately $11.8 million in cash proceeds from the termination of the majority of its open commodity derivative positions that were terminated on May 7, 2015.

GENERAL_Policies

GENERAL (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation and Presentation	Presentation of Consolidated Financial Statements
	The accompanying unaudited interim consolidated financial statements of Magnum Hunter have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The preparation of these consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during reporting periods. Actual results could differ materially from those estimates.
	In the opinion of management, all adjustments (consisting of normal recurring adjustments unless otherwise indicated) necessary for the fair statement of the financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.  The year-end balance sheet data were derived from audited financial statements, but do not include all disclosures required by GAAP.
	Certain information and disclosures normally included in the consolidated financial statements prepared in accordance with GAAP that would substantially duplicate the disclosures contained in the audited consolidated financial statements as reported in the Company's Annual Report on Form 10-K have been condensed or omitted.
Non-Controlling Interest in Consolidated Subsidiaries	Non-Controlling Interest in Consolidated Subsidiaries
	Prior to December 18, 2014, the Company consolidated Eureka Hunter Holdings, LLC ("Eureka Hunter Holdings") in which it owned 48.6% as of December 18, 2014 and December 31, 2014. Eureka Hunter Holdings owns, directly or indirectly, 100% of the equity interests of Eureka Hunter Pipeline, LLC ("Eureka Hunter Pipeline"), TransTex Hunter, LLC ("TransTex Hunter"), and Eureka Hunter Land, LLC.
Reclassification of Prior-Year Balances	Reclassification of Prior-Period Balances
	Certain prior period balances have been reclassified to correspond with current-period presentation.  As a result of the Company's decision in September 2014 to withdraw its plan to divest MHP and cease all marketing efforts, the results of operations of MHP, which had previously been reported as a component of discontinued operations, have been reclassified to continuing operations for all periods presented, and all assets and liabilities of MHP that were previously reported as assets and liabilities held for sale in our consolidated balance sheet have been reclassified to assets and liabilities held for use effective September 2014. See "Note 2 - Acquisitions and Discontinued Operations".
	The Company has separately classified transportation and processing expenses incurred to deliver gas to processing plants and/or to selling points, which were previously included as components of lease operating expenses and severance taxes and marketing, in the accompanying consolidated statements of operations for all periods presented. The Company has also renamed lease operating expenses as "Production costs" and presented transportation and processing expenses as "Transportation, processing, and other related costs" in order to provide more meaningful information on costs associated with production and development.
Regulated Activities	Regulated Activities
	Sentra Corporation, a wholly-owned subsidiary, owns and operates distribution systems for retail sales of natural gas in south central Kentucky. Sentra Corporation's gas distribution billing rates are regulated by the Kentucky Public Service Commission based on recovery of purchased gas costs. The Company accounts for its operations based on the provisions of the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC") Subtopic 980-605, Regulated Operations-Revenue Recognition, which requires covered entities to record regulatory assets and liabilities resulting from actions of regulators.
Recently Issued Accounting Standards	Recently Issued Accounting Standards
	Accounting standards-setting organizations frequently issue new or revised accounting rules.  The Company regularly reviews all new pronouncements to determine their impact, if any, on its financial statements.
	In April 2015, the FASB issued ASU 2015-03, Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs. This update requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by this update. This amendment is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The Company is currently evaluating the impact of this ASU on its consolidated financial statements and financial statement disclosures.

ACQUISITIONS_AND_DISCONTINUED_1

ACQUISITIONS AND DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of discontinued operations	The following presents the results of our discontinued operations for the three months ended March 31, 2014. There was no income or loss from discontinued operations or gain or loss from the disposal of discontinued operations for the three months ended March 31, 2015.
		Three Months Ended
		March 31,
		2014
		(in thousands)
	Revenues	$	6,244
	Expenses	(2,881		)
	Other income	6
	Income tax benefit	—
	Income from discontinued operations, net of tax	3,369
	Loss on disposal of discontinued operations, net of taxes of $0	(8,513		)
	Loss from discontinued operations, net of taxes	$	(5,144	)

OIL_NATURAL_GAS_SALES_Tables

OIL & NATURAL GAS SALES (Tables)	3 Months Ended
	Mar. 31, 2015
Other Income and Expenses [Abstract]
Schedule of Oil Natural Gas And NGL Revenue	During the three months ended March 31, 2015 and 2014, the Company recognized sales from oil, natural gas, and natural gas liquids ("NGLs") as follows:
		Three Months Ended
		March 31,
		2015		2014
		(in thousands)
	Oil	$	9,544	$	35,353
	Natural gas	31,860		27,520
	NGLs	7,987		13,092
	Total oil and natural gas sales	$	49,391	$	75,965

PROPERTY_PLANT_EQUIPMENT_Table

PROPERTY, PLANT, & EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Line Items]
Schedule of the Company's geological and geophysical costs and leasehold abandonments expense	During the three months ended March 31, 2015 and 2014, the Company recognized exploration expense as follows:
		Three Months Ended
		March 31,
		2015			2014
		(in thousands)
	Leasehold impairments	$	7,838		$	15,550
	Geological and geophysical	652			374
	Total exploration expense	$	8,490		$	15,924
Proved Oil and Natural Gas Properties
Property, Plant and Equipment [Line Items]
Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure	The following sets forth the net capitalized costs under the successful efforts method for oil and natural gas properties as of:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Mineral interests in properties:
	Unproved leasehold costs	$	450,530		$	481,643
	Proved leasehold costs	284,253			257,185
	Wells and related equipment and facilities	634,229			606,406
	Advances to operators for wells in progress	1,297			1,411
	Total costs	1,370,309			1,346,645
	Less accumulated depletion, depreciation, and amortization	(303,686		)	(248,410		)
	Net capitalized costs	$	1,066,623		$	1,098,235
Gas transportation, gathering and processing equipment and other
Property, Plant and Equipment [Line Items]
Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure	The historical cost of gas transportation, gathering, and processing equipment and other property, presented on a gross basis with accumulated depreciation, as of March 31, 2015 and December 31, 2014 is summarized as follows:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Gas transportation, gathering and processing equipment and other	$	102,639		$	100,436
	Less accumulated depreciation	(25,105		)	(23,013		)
	Net capitalized costs	$	77,534		$	77,423

ASSET_RETIREMENT_OBLIGATIONS_T

ASSET RETIREMENT OBLIGATIONS (Tables)	3 Months Ended
	Mar. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Summary of asset retirement obligation	The following table summarizes the Company's asset retirement obligation ("ARO") activities during the three-month period ended March 31, 2015 and for the year ended December 31, 2014:
		31-Mar-15			31-Dec-14
		(in thousands)
	Asset retirement obligation at beginning of period	$	26,524		$	16,216
	Assumed in acquisitions	92			—
	Liabilities incurred	4			218
	Liabilities settled	—			(107		)
	Liabilities sold	—			(2,598		)
	Accretion expense	618			1,478
	Revisions in estimated liabilities (1)	(862		)	3,208
	Reclassified from liabilities associated with assets held for sale	—			8,109
	Asset retirement obligation at end of period	26,376			26,524
	Less: current portion (included in other liabilities)	(812		)	(295		)
	Asset retirement obligation at end of period	$	25,564		$	26,229
	________________________________
	(1) Revisions in estimated liabilities during 2014 relate to a change in assumptions used with respect to certain wells in the Appalachian Basin in Ohio and West Virginia.

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of inputs used to calculated fair value of convertible security embedded derivative	The key inputs used in the Black-Scholes option pricing model were as follows:
		31-Mar-15
	Life	1.9
	Risk-free interest rate	0.77%
	Estimated volatility	85%
	Dividend	—
	GreenHunter stock price at end of period	$0.70
Schedule of reconciliation of derivative assets and (liabilities) measured at fair value using significant unobservable inputs	The following table presents the changes in fair value of the derivative assets and liabilities measured at fair value using significant unobservable inputs (Level 3 inputs) for the three-month period ended March 31, 2015:
		Convertible Security Embedded
		Derivative Asset
		(in thousands)
	Fair value as of December 31, 2014	$	75
	Decrease in fair value recognized in gain on derivative contracts, net	(25		)
	Fair value as of March 31, 2015	$	50
Fair value measurements on a recurring basis	The following tables present the fair value hierarchy levels of the Company's financial assets and liabilities which are measured and carried at fair value on a recurring basis:
		Fair Value Measurements on a Recurring Basis
		31-Mar-15
		(in thousands)
	Assets	Level 1				Level 2			Level 3
	Available for sale securities	$	2,225			$	—		$	—
	Commodity derivative assets	—				15,326			—
	Convertible security derivative assets	—				—			50
	Total assets at fair value	$	2,225			$	15,326		$	50
		Fair Value Measurements on a Recurring Basis
		31-Dec-14
		(in thousands)
	Assets	Level 1				Level 2			Level 3
	Available for sale securities	$	3,864			$	—		$	—
	Commodity derivative assets	—				16,511			—
	Convertible security derivative assets	—				—			75
	Total assets at fair value	$	3,864			$	16,511		$	75
Carrying amounts and fair values of long-term debt	The following table presents the carrying amounts and fair values categorized by fair value hierarchy level of the Company's financial instruments not carried at fair value:
					31-Mar-15						31-Dec-14
			Fair Value Hierarchy		Carrying Amount			Estimated Fair Value			Carrying Amount		Estimated Fair Value
					(in thousands)
	Senior Notes		Level 2		$	597,404		$	546,000		$	597,355	$	498,000
	MHR Senior Revolving Credit Facility		Level 3		$	5,000		$	5,000		$	—	$	—
	MHR Second Lien Term Loan		Level 3		$	328,559		$	319,584		$	329,140	$	329,140
	Equipment Notes Payable		Level 3		$	20,017		$	19,957		$	22,238	$	22,150

INVESTMENTS_AND_DERIVATIVES_Ta

INVESTMENTS AND DERIVATIVES (Tables)	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Deconsolidation of subsidiary, allocation of basis difference [Table Text Block]	The Company recognized a basis difference of $201.8 million upon deconsolidation related to its investment in Eureka Hunter Holdings which has preliminarily been allocated to the following identifiable assets of Eureka Hunter Holdings:
		Identifiable Assets
		Ending Basis December 31, 2014			Basis Amortization			Basis Reduction			Ending Basis March 31, 2015
		(in thousands)
	Fixed assets	$	5,088		$	(70	)	$	(98	)	$	4,920
	Intangible assets	155,189			(1,830		)	(2,705		)	150,654
	Goodwill	41,597			—			(1,104		)	40,493
	Total basis difference	$	201,874		$	(1,900	)	$	(3,907	)	$	196,067
Deconsolidation of subsidiary, results of operations and stockholders equity	Summarized income information for Eureka Hunter Holdings for the three months ended March 31, 2015 is as follows:
		Three Months Ended
		March 31, 2015
		(in thousands)
	Operating revenues	$	13,715
	Operating loss	$	(472	)
	Net loss	$	(1,582	)
	Magnum Hunter's interest in Eureka Hunter Holdings net loss	$	(769	)
	Basis difference amortization	$	(1,900	)
	Magnum Hunter's equity in earnings, net	$	(2,669	)
Summary of changes in investments	Below is a summary of changes in investments for the three months ended March 31, 2015:
		Available for Sale Securities				Equity Method Investments
		(in thousands)
	Carrying value as of December 31, 2014	$	3,864			$	347,191
	Gain on dilution of interest in Eureka Hunter Holdings	—				2,390
	Loss from equity method investment(1)	(231		)		(2,669		)
	Change in fair value recognized in other comprehensive loss	(1,408		)		—
	Carrying value as of March 31, 2015	$	2,225			$	346,912
	(1) As a result of the carrying value of the Company's investment in common stock of GreenHunter being reduced to zero from equity method losses, the Company is required to allocate any additional losses to its investment in the Series C preferred stock of GreenHunter. The Company recorded additional equity method loss against the carrying value of its investment in the Series C preferred stock of GreenHunter before recording any mark-to-market adjustments.
Schedule of investments by balance sheet grouping	The Company's investments have been presented in the consolidated balance sheet as of March 31, 2015 as follows:
		Available for Sale Securities			Equity Method Investments			Total
	Investments - Current	$	2,225		$	—		$	2,225
	Investments - Non-current	—			346,912			346,912
	Carrying value as of March 31, 2015	$	2,225		$	346,912		$	349,137
Summary of cost for equity securities and fair value	The cost for equity securities and their respective fair values as of March 31, 2015 and December 31, 2014 are as follows:
			March 31, 2015
			(in thousands)
			Cost				Gross Unrealized Losses				Fair Value
	Securities available for sale, carried at fair value:
	Equity securities		$	883			$	(346	)		$	537
	Equity securities - related party (see "Note 13 - Related Party Transactions")		2,200				(512		)		1,688
	Total Securities available for sale		$	3,083			$	(858	)		$	2,225
			December 31, 2014
			(in thousands)
			Cost				Gross Unrealized Losses				Fair Value
	Securities available for sale, carried at fair value:
	Equity securities		$	9,876			$	(7,323	)		$	2,553
	Equity securities - related party (see "Note 13 - Related Party Transactions")		2,200				(889		)		1,311
	Total Securities available for sale		$	12,076			$	(8,212	)		$	3,864
Estimated fair values of commodity derivatives	As of March 31, 2015, the Company had the following commodity derivative instruments:
					Weighted Average
	Natural Gas	Period	MMBtu/day		Price per MMBtu
	Swaps	Jan 2015 - Dec 2015	40,000		$4.09
					Weighted Average
	Crude Oil	Period	Bbl/day		Price per Bbl
	Collars (1)	Jan 2015 - Dec 2015	259		$85.00 - $91.25
	Ceilings sold (call)	Jan 2015 - Dec 2015	1,570		$120.00
	Floors sold (put)	Jan 2015 - Dec 2015	259		$70.00
	________________________________
	(1) A collar is a sold call and a purchased put. Some collars are "costless" collars with the premiums netting to approximately zero.
Schedule of fair value of commodity derivative contracts	The following table summarizes the fair value of the Company's commodity and financial derivative contracts as of the dates indicated:
			Derivatives not designated as hedging instruments
			Derivative Assets
			March 31, 2015				December 31, 2014
			(in thousands)
	Commodity
	Derivative assets		$	15,326			$	16,511
	Total commodity		$	15,326			$	16,511
	Financial
	Derivative assets		$	50			$	75
	Total financial		$	50			$	75
	Total derivatives		$	15,376			$	16,586
Schedule of commodity derivatives and master netting arrangements	The tables below summarize the Company's commodity derivatives and the effect of master netting arrangements on the presentation in the Company's consolidated balance sheets as of:
		March 31, 2015
		Gross Amounts of Recognized Assets and Liabilities			Gross Amounts Offset on the Consolidated Balance Sheet			Net Amount
		(in thousands)
	Current assets:  Fair value of derivative contracts	$	16,631		$	(1,305	)	$	15,326
	Current liabilities:  Fair value of derivative contracts	(1,305		)	1,305			—
		$	15,326		$	—		$	15,326
		December 31, 2014
		Gross Amounts of Assets and Liabilities			Gross Amounts Offset on the Consolidated Balance Sheet			Net Amount
		(in thousands)
	Current assets:  Fair value of derivative contracts	$	18,146		$	(1,635	)	$	16,511
	Current liabilities:  Fair value of derivative contracts	(1,635		)	1,635			—
		$	16,511		$	—		$	16,511
Schedule of the realized and unrealized gain (loss) on derivatives	The following table summarizes the net gain (loss) on all derivative contracts included in gain (loss) on derivative contracts, net on the consolidated statements of operations for the three months ended March 31, 2015 and 2014:
		Three Months Ended
		March 31,
		2015				2014
		(in thousands)
	Gain (loss) on settled transactions	$	4,311			$	(2,284	)
	Gain (loss) on open contracts	(1,209		)		2,631
	Total gain, net	$	3,102			$	347

DEBT_Tables

DEBT (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt at March 31, 2015 and December 31, 2014 consisted of the following:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Senior Notes payable due May 15, 2020, interest rate of 9.75%, net of unamortized net discount of $2.6 million at March 31, 2015 and December 31, 2014	$	597,404		$	597,355
	Various equipment and real estate notes payable with maturity dates February 2015 - November 2017, interest rates of 4.25% - 7.94%	20,017			22,238
	MHR Senior Revolving Credit Facility due October 22, 2018, interest rate of 2.93% at March 31, 2015 and 2.92% at December 31, 2014	5,000			—
	MHR second lien term loan due October 22, 2019, interest rate of 8.5%, net of unamortized discount of $9.7 million and $10.0 million at March 31, 2015 and December 31, 2014, respectively	328,559			329,140
		950,980			948,733
	Less: current portion	(10,171		)	(10,770		)
	Total long-term debt obligations, net of current portion	$	940,809		$	937,963
Schedule of expected approximate annual maturities of debt	The following table presents the scheduled or expected approximate annual maturities of debt, gross of unamortized discount of $12.3 million:
		(in thousands)
	2015	$	7,701
	2016	12,127
	2017	5,948
	2018	8,958
	2019	325,757
	Thereafter	602,826
	Total	$	963,317
Schedule of Interest Expense	The following table sets forth interest expense for the three month periods ended March 31, 2015 and 2014, respectively:
		Three Months Ended
		March 31,
		2015			2014
		(in thousands)
	Interest expense incurred on debt, net of amounts capitalized	$	22,658		$	20,276
	Amortization and write-off of deferred financing costs	807			3,621
	Total interest expense	$	23,465		$	23,897

SHAREBASED_COMPENSATION_Tables

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of common stock option and stock appreciation rights	A summary of common stock option activity for the three months ended March 31, 2015 and 2014 is presented below:
		Three Months Ended March 31,
		2015		2014		2015		2014
		(in thousands of shares)				Weighted Average Exercise Price per Share
	Outstanding at beginning of period	13,195		16,891		$	5.92	$	5.69
	Granted	—		—		$	—	$	—
	Exercised	—		(597	)	$	—	$	6.67
	Forfeited	(729	)	(902	)	$	5.93	$	6.37
	Outstanding at end of period	12,466		15,392		$	5.92	$	5.61
	Exercisable at end of period	9,489		10,003		$	6.04	$	5.74
Summary of non-vested shares	A summary of the Company's non-vested common stock options and stock appreciation rights for the three months ended March 31, 2015 and 2014 is presented below:
		Three Months Ended March 31,
		2015		2014
		(in thousands of shares)
	Non-vested at beginning of period	4,055		6,908
	Granted	—		—
	Vested	(725	)	(805	)
	Forfeited	(353	)	(714	)
	Non-vested at end of period	2,977		5,389

SHAREHOLDERS_EQUITY_Tables

SHAREHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Schedule of dividends paid	A summary of the Company's preferred dividends for the three months ended March 31, 2015 and 2014 is presented below:
		Three Months Ended March 31,
		2015			2014
		(in thousands)
	Dividend on Eureka Hunter Holdings Series A Preferred Units	$	—		$	4,028
	Accretion of the carrying value of the Eureka Hunter Holdings Series A Preferred Units	—			2,048
	Dividend on Series C Preferred Stock	2,562			2,562
	Dividend on Series D Preferred Stock	4,424			4,424
	Dividend on Series E Preferred Stock	1,862			1,834
	Total dividends on Preferred Stock	$	8,848		$	14,896
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	he following table summarizes the types of potentially dilutive securities outstanding as of March 31, 2015 and 2014:
		March 31,
		2015		2014
		(in thousands of shares)
	Series E Preferred Stock	10,946		10,946
	Warrants	19,173		17,071
	Unvested restricted shares	1,768		1,453
	Common stock options and stock appreciation rights	12,466		15,392
	Total	44,353		44,862

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Schedule of Related Party Balances	The following table sets forth the related party balances as of March 31, 2015 and December 31, 2014:
		March 31, 2015			December 31, 2014
		(in thousands)
	GreenHunter (1)
	Accounts payable - net	$	(373	)	$	(228	)
	Derivative assets (2)	$	50		$	75
	Investments (2)	$	1,688		$	1,311
	Notes receivable (2)	$	1,226		$	1,224
	Prepaid expenses	$	461		$	1,000
	Eureka Hunter Holdings (3)
	Accounts receivable (payable) - net	$	(1,596	)	$	122
	Equity method investment	$	352,354		$	347,191
	Pilatus Hunter
	Accounts receivable - net	$	12		$	12
	Classic Petroleum, Inc. (5)
	Accounts payable	$	(282	)	$	—
Schedule of Related Party Transactions	The following table sets forth the related party transaction activities for the three months ended March 31, 2015 and 2014, respectively:
			Three Months Ended
			March 31,
			2015			2014
			(in thousands)
	GreenHunter
		Salt water disposal (1)	$	1,339		$	322
		Equipment rental (1)	$	45		$	122
		Gas gathering-trucking (1)	$	6		$	—
		Office space rental	$	4		$	22
		Interest income from note receivable (2)	$	31		$	45
		Dividends received from Series C shares	$	55		$	55
		Unrealized gain on investments (2)	$	376		$	235
	Pilatus Hunter, LLC
		Airplane rental expenses (4)	$	11		$	70
	Eureka Hunter Holdings (3)
		Transportation costs	$	5,606		$	—
		Disposal services	$	369		$	—
		Equipment rental	$	10		$	—
		Land usage fee	$	3		$	—
	Classic Petroleum, Inc. (5)
		Land services	$	162		$	312
	_________________________________
	(1)	GreenHunter is an entity of which Gary C. Evans, the Company's Chairman and CEO, is the Chairman and a major shareholder. Triad Hunter and Viking International Resources Co., Inc., wholly-owned subsidiaries of the Company, receive services related to brine water and rental equipment from GreenHunter and certain affiliated companies. The Company believes that such services were and are provided at competitive market rates and were and are comparable to, or more attractive than, rates that could be obtained from unaffiliated third party suppliers of such services.
	(2)	On February 17, 2012, the Company sold its wholly-owned subsidiary, Hunter Disposal, to GreenHunter Water, LLC ("GreenHunter Water"), a wholly-owned subsidiary of GreenHunter.  The Company recognized an embedded derivative asset resulting from the conversion option under the convertible promissory note it received as partial consideration for the sale.  See "Note 6 - Fair Value of Financial Instruments" for additional information. The Company has recorded interest income as a result of the note receivable from GreenHunter. Also as a result of this transaction, the Company has an equity method investment in GreenHunter that is included in derivatives and investment in affiliates - equity method and an available for sale investment in GreenHunter included in investments.
	(3)	Following a sequence of transactions up to and including, December 18, 2014, the Company no longer held a controlling financial interest in Eureka Hunter Holdings. The Company deconsolidated Eureka Hunter Holdings and accounts for its retained interest as of December 31, 2014 under the equity method of accounting. See "Note 7 - Investments and Derivatives".
	(4)	The Company rented an airplane for business use for certain members of Company management at various times from Pilatus Hunter, LLC, an entity 100% owned by Mr. Evans. Airplane rental expenses are recorded in general and administrative expense.
	(5)	Classic Petroleum, Inc. is an entity owned by the brother of James W. Denny, III, the Company's Executive Vice President and President of the Company's Appalachian Division. Triad Hunter receives land brokerage services from Classic Petroleum, Inc., including courthouse abstracting, contract negotiations, GIS mapping and leasing services.

SUPPLEMENTAL_CASH_FLOW_INFORMA1

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2015
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	The following table summarizes cash paid (received) for interest and income taxes, as well as non-cash investing transactions:
		Three Months Ended March 31,
		2015			2014
		(in thousands)
	Cash paid for interest	$	7,408		$	3,050
	Non-cash transactions
	Non-cash consideration received from sale of assets	$	—		$	9,400
	Change in accrued capital expenditures	$	(35,152	)	$	55,396
	Non-cash additions to asset retirement obligation	$	(766	)	$	52
	Eureka Hunter Holdings Series A Preferred Unit dividends paid in kind	$	—		$	1,900

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Details of operating activities by segment	The following tables set forth operating activities and capital expenditures by segment for the three months ended, and segment assets as of March 31, 2015 and 2014, respectively.
		As of and for the Three Months Ended March 31, 2015
		U.S. Upstream			Canadian Upstream			Midstream and Marketing			Oilfield Services			Corporate Unallocated (1)			Inter-segment Eliminations			Total
		(in thousands)
	Total revenue	$	50,213		$	—		$	318		$	6,674		$	—		$	(1,809	)	$	55,396
	Depletion, depreciation, amortization and accretion	56,897			—			—			1,006			—			(153		)	57,750
	Gain on sale of assets, net	(1,640		)	—			—			(12		)	—			—			(1,652		)
	Other operating expenses	61,659			—			404			5,277			11,034			(1,588		)	76,786
	Other income (expense)	(8,213		)	—			—			(166		)	(20,052		)	—			(28,431		)
	Net income (loss)	$	(74,916	)	$	—		$	(86	)	$	237		$	(31,086	)	$	(68	)	$	(105,919	)
	Total assets	$	1,113,179		$	—		$	149		$	44,323		$	412,596		$	(1,422	)	$	1,568,825
	Total capital expenditures	$	47,318		$	—		$	—		$	421		$	1,448		$	—		$	49,187
		As of and for the Three Months Ended March 31, 2014
		U.S. Upstream			Canadian Upstream			Midstream and Marketing (2)			Oilfield Services			Corporate Unallocated			Inter-segment Eliminations			Total
		(in thousands)
	Total revenue	$	76,212		$	—		$	34,735		$	7,911		$	—		$	(5,376	)	$	113,482
	Depletion, depreciation, amortization and accretion	24,940			—			3,678			791			—			—			29,409
	Loss on sale of assets, net	4,073			—			—			2			—			—			4,075
	Other operating expenses	68,865			—			32,070			6,713			10,488			(5,376		)	112,760
	Other income (expense)	(372		)	—			30			(209		)	(23,244		)	—			(23,795		)
	Income (loss) from continuing operations before income tax	(22,038		)	—			(983		)	196			(33,732		)	—			(56,557		)
	Total income (loss) from discontinued operations, net of tax	(4,319		)	(825		)	—			—			—			—			(5,144		)
	Net income (loss)	$	(26,357	)	$	(825	)	$	(983	)	$	196		$	(33,732	)	$	—		$	(61,701	)
	Total assets	$	1,369,962		$	64,147		$	322,030		$	45,021		$	98,526		$	(5,833	)	$	1,893,853
	Total capital expenditures	$	66,311		$	308		$	30,634		$	690		$	23		$	—		$	97,966
	_________________________________
	(1)	Includes the Company's retained interest in Eureka Hunter Holdings which has a value of $346.9 million at March 31, 2015.
	(2)	Includes operations of Eureka Hunter Holdings, which represents approximately 25.0% of Midstream and Marketing revenues for the three months ended March 31, 2014, and which was deconsolidated as of December 18, 2014.

CONDENSED_CONSOLIDATING_GUARAN1

CONDENSED CONSOLIDATING GUARANTOR FINANCIAL STATEMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Schedule of Comprehensive Income (Loss)	Magnum Hunter Resources Corporation and Subsidiaries
	Condensed Consolidating Statements of Comprehensive Income (Loss)
	(in thousands)
		Three Months Ended March 31, 2015
		Magnum  Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
		Resources			Subsidiaries			Subsidiaries						Resources
		Corporation												Corporation
														Consolidated
	Net income (loss)	$	(105,919	)	$	(76,129	)	$	166		$	75,963		$	(105,919	)
	Foreign currency translation gain	—			115			—			—			115
	Unrealized loss on available for sale securities	—			(1,408		)	—			—			(1,408		)
	Amounts reclassified for other than temporary impairment of available for sale securities	—			8,992			—			—			8,992
	Comprehensive income (loss)	(105,919		)	(68,430		)	166			75,963			(98,220		)
		Three Months Ended March 31, 2014
		Magnum  Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
		Resources			Subsidiaries			Subsidiaries						Resources
		Corporation												Corporation
														Consolidated
	Net income (loss)	$	(67,819	)	$	(21,681	)	$	(861	)	$	28,660		$	(61,701	)
	Foreign currency translation loss	—			—			(2,348		)	—			(2,348		)
	Unrealized loss on available for sale securities	—			(56		)	—			—			(56		)
	Comprehensive income (loss)	(67,819		)	(21,737		)	(3,209		)	28,660			(64,105		)
	Comprehensive loss attributable to non-controlling interest	—			—			—			109			109
	Comprehensive income (loss) attributable to Magnum Hunter Resources Corporation	$	(67,819	)	$	(21,737	)	$	(3,209	)	$	28,769		$	(63,996	)
Debt Securities Under Universal Shelf Registration Statement Form S-4
Condensed Financial Statements, Captions [Line Items]
Schedule of condensed consolidating balance sheets	Magnum Hunter Resources Corporation and Subsidiaries
	Condensed Consolidating Balance Sheets
	(in thousands)
		As of March 31, 2015
		Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
		Resources			Subsidiaries			Subsidiaries						Resources
		Corporation												Corporation
														Consolidated
	ASSETS
	Current assets	$	34,173		$	21,554		$	416		$	(1,355	)	$	54,788
	Intercompany accounts receivable	1,147,078			—			—			(1,147,078		)	—
	Property and equipment (using successful efforts method of accounting)	6,598			1,137,615			12			(68		)	1,144,157
	Investment in subsidiaries	(158,251		)	92,458			—			65,793			—
	Investment in affiliate, equity-method	346,912			—			—			—			346,912
	Other assets	22,085			883			—			—			22,968
	Total Assets	$	1,398,595		$	1,252,510		$	428		$	(1,082,708	)	$	1,568,825
	LIABILITIES AND SHAREHOLDERS' EQUITY
	Current liabilities	$	40,478		$	128,854		$	1,005		$	(1,355	)	$	168,982
	Intercompany accounts payable	—			1,108,513			40,801			(1,149,314		)	—
	Long-term liabilities	930,145			41,727			—			—			971,872
	Redeemable preferred stock	100,000			—			—			—			100,000
	Shareholders' equity (deficit)	327,972			(26,584		)	(41,378		)	67,961			327,971
	Total Liabilities and Shareholders' Equity	$	1,398,595		$	1,252,510		$	428		$	(1,082,708	)	$	1,568,825
	Magnum Hunter Resources Corporation and Subsidiaries
	Condensed Consolidating Balance Sheets
	(in thousands)
		As of December 31, 2014
		Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
		Resources			Subsidiaries			Subsidiaries						Resources
		Corporation												Corporation
														Consolidated
	ASSETS
	Current assets	$	85,647		$	36,338		$	589		$	(2,378	)	$	120,196
	Intercompany accounts receivable	1,113,417			—			—			(1,113,417		)	—
	Property and equipment (using successful efforts method of accounting)	5,506			1,170,122			30			—			1,175,658
	Investment in subsidiaries	(91,595		)	94,134			—			(2,539		)	—
	Investment in affiliate, equity-method	347,191			—			—			—			347,191
	Other assets	22,804			3,980			—			—			26,784
	Total Assets	$	1,482,970		$	1,304,574		$	619		$	(1,118,334	)	$	1,669,829
	LIABILITIES AND SHAREHOLDERS' EQUITY
	Current liabilities	$	25,347		$	142,914		$	2,567		$	(2,383	)	$	168,445
	Intercompany accounts payable	—			1,073,091			42,560			(1,115,651		)	—
	Long-term liabilities	925,767			43,762			—			—			969,529
	Redeemable preferred stock	100,000			—			—			—			100,000
	Shareholders' equity (deficit)	431,856			44,807			(44,508		)	(300		)	431,855
	Total Liabilities and Shareholders' Equity	$	1,482,970		$	1,304,574		$	619		$	(1,118,334	)	$	1,669,829
Schedule of condensed consolidating statements of operations	Magnum Hunter Resources Corporation and Subsidiaries
	Condensed Consolidating Statements of Operations
	(in thousands)
		Three Months Ended March 31, 2015
		Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
		Resources			Subsidiaries			Subsidiaries						Resources
		Corporation												Corporation
														Consolidated
	Revenues	$	1		$	56,996		$	528		$	(2,129	)	$	55,396
	Expenses	31,565			131,449			362			(2,061		)	161,315
	Income (loss) from continuing operations before equity in net income of subsidiaries	(31,564		)	(74,453		)	166			(68		)	(105,919		)
	Equity in net income of subsidiaries	(74,355		)	(1,676		)	—			76,031			—
	Net income (loss)	(105,919		)	(76,129		)	166			75,963			(105,919		)
	Dividends on preferred stock	(8,848		)	—			—			—			(8,848		)
	Net income (loss) attributable to common shareholders	$	(114,767	)	$	(76,129	)	$	166		$	75,963		$	(114,767	)
		Three Months Ended March 31, 2014
		Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
		Resources			Subsidiaries			Subsidiaries						Resources
		Corporation												Corporation
														Consolidated
	Revenues	$	108		$	109,881		$	8,869		$	(5,376	)	$	113,482
	Expenses	34,793			131,717			8,905			(5,376		)	170,039
	Income (loss) from continuing operations before equity in net income of subsidiaries	(34,685		)	(21,836		)	(36		)	—			(56,557		)
	Equity in net income of wholly-owned subsidiaries	(28,815		)	155			—			28,660			—
	Income (loss) from continuing operations	(63,500		)	(21,681		)	(36		)	28,660			(56,557		)
	Income from discontinued operations, net of tax	—			—			3,369			—			3,369
	Gain on sale of discontinued operations, net of tax	(4,319		)	—			(4,194		)	—			(8,513		)
	Net income (loss)	(67,819		)	(21,681		)	(861		)	28,660			(61,701		)
	Net income attributable to non-controlling interest	—			—			—			109			109
	Net income (loss) attributable to Magnum Hunter Resources Corporation	(67,819		)	(21,681		)	(861		)	28,769			(61,592		)
	Dividends on preferred stock	(8,820		)	—			(6,076		)	—			(14,896		)
	Net income (loss) attributable to common shareholders	$	(76,639	)	$	(21,681	)	$	(6,937	)	$	28,769		$	(76,488	)
Schedule of condensed consolidating statements of cash flows	Magnum Hunter Resources Corporation and Subsidiaries
	Condensed Consolidating Statements of Cash Flows
	(in thousands)
		Three Months Ended March 31, 2015
		Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
		Resources			Subsidiaries			Subsidiaries						Resources
		Corporation												Corporation
														Consolidated
	Cash flows from operating activities	$	(41,254	)	$	89,611		$	—		$	(221	)	$	48,136
	Cash flows from investing activities	151			(81,258		)	—			221			(80,886		)
	Cash flows from financing activities	(5,804		)	(995		)	—			—			(6,799		)
	Effect of exchange rate changes on cash	—			22			—			—			22
	Net increase (decrease) in cash	(46,907		)	7,380			—			—			(39,527		)
	Cash at beginning of period	64,165			(10,985		)	—			—			53,180
	Cash at end of period	$	17,258		$	(3,605	)	$	—		$	—		$	13,653
		Three Months Ended March 31, 2014
		Magnum Hunter			100% Owned Guarantor			Non Guarantor			Consolidating/ Eliminating Adjustments			Magnum Hunter
		Resources			Subsidiaries			Subsidiaries						Resources
		Corporation												Corporation
														Consolidated
	Cash flows from operating activities	$	(8,779	)	$	4,611		$	8,045		$	—		$	3,877
	Cash flows from investing activities	(181		)	(4,070		)	(18,568		)	—			(22,819		)
	Cash flows from financing activities	31,886			4,050			5,720			—			41,656
	Effect of exchange rate changes on cash	—			—			25			—			25
	Net increase (decrease) in cash	22,926			4,591			(4,778		)	—			22,739
	Cash at beginning of period	47,895			(17,651		)	11,469			—			41,713
	Cash at end of period	$	70,821		$	(13,060	)	$	6,691		$	—		$	64,452

GENERAL_Details

GENERAL (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jul. 23, 2014	Dec. 31, 2014	Dec. 18, 2014
PRC Williston, LLC (PRC)
Summary of Significant Accounting Policies [Line Items]
Consolidated controlling interest (as a percent)	100.00%		87.50%
Eureka Hunter Holdings, LLC
Summary of Significant Accounting Policies [Line Items]
Consolidated controlling interest (as a percent)	45.50%			48.60%	48.60%
Eureka Hunter Pipeline, LLC
Summary of Significant Accounting Policies [Line Items]
Consolidated entities ownership percentage in entity (as a percent)	100.00%
Trans Tex Hunter LLC
Summary of Significant Accounting Policies [Line Items]
Consolidated entities ownership percentage in entity (as a percent)	100.00%
Eureka Hunter Land, LLC
Summary of Significant Accounting Policies [Line Items]
Consolidated entities ownership percentage in entity (as a percent)	100.00%
Sentra Corporation
Summary of Significant Accounting Policies [Line Items]
Regulated operating revenue, gas	$378,261	$171,072

ACQUISITIONS_AND_DISCONTINUED_2

ACQUISITIONS AND DISCONTINUED OPERATIONS (Agreements to Purchase Utica Shale Acreage) (Details) (USD $)	0 Months Ended	3 Months Ended		20 Months Ended
	Jan. 14, 2015	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Aug. 12, 2013
		acre		acre	acre
Utica Shale
Discontinued operations
Net mineral acres acquired					32,000
Maximum purchase price					$142,100,000
Leasehold Acreage From MNW Energy, LLC
Discontinued operations
Payment to acquire leasehold acres	12,000,000
Net leasehold acres purchased, to date		25,044		25,044
Triad Hunter | Asset purchase agreement with MNW | Utica Shale, Ohio
Discontinued operations
Net acreage of undeveloped leasehold acquired		2,665		2,665
Payment to acquire leasehold acres		$12,000,000	$0	$103,900,000

ACQUISITIONS_AND_DISCONTINUED_3

ACQUISITIONS AND DISCONTINUED OPERATIONS (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Results reclassified to discontinued operations
Income from discontinued operations, net of tax	$0	$3,369,000
Loss on disposal of discontinued operations, net of tax	0	-8,513,000
Loss from discontinued operations, net of taxes	0	-5,144,000
WHI Canada
Results reclassified to discontinued operations
Revenues		6,244,000
Expenses		-2,881,000
Other income		6,000
Income tax benefit		0
Income from discontinued operations, net of tax		3,369,000
Loss on disposal of discontinued operations, net of tax		-8,513,000
Loss from discontinued operations, net of taxes		-5,144,000
Loss on disposal of discontinued operation, tax		$0

OIL_NATURAL_GAS_SALES_Details

OIL & NATURAL GAS SALES (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Oil and Gas In Process Activities [Line Items]
Oil and natural gas sales	$49,391	$75,965
Oil
Oil and Gas In Process Activities [Line Items]
Oil and natural gas sales	9,544	35,353
Natural Gas
Oil and Gas In Process Activities [Line Items]
Oil and natural gas sales	31,860	27,520
NGLs
Oil and Gas In Process Activities [Line Items]
Oil and natural gas sales	$7,987	$13,092

PROPERTY_PLANT_EQUIPMENT_Detai

PROPERTY, PLANT, & EQUIPMENT (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Mineral interests in properties:
Unproved leasehold costs	$450,530,000		$481,643,000
Proved leasehold costs	284,253,000		257,185,000
Wells and related equipment and facilities	634,229,000		606,406,000
Advances to operators for wells in progress	1,297,000		1,411,000
Total costs	1,370,309,000		1,346,645,000
Less accumulated depreciation	-303,686,000		-248,410,000
Net capitalized costs	1,066,623,000		1,098,235,000
Impairment of proved oil and gas properties	13,854,000	0
Proved Oil and Natural Gas Properties
Mineral interests in properties:
Impairment of proved oil and gas properties	13,900,000	16,800,000
Depreciation, depletion and amortization	$55,300,000	$23,900,000

PROPERTY_PLANT_EQUIPMENT_Explo

PROPERTY, PLANT, & EQUIPMENT (Exploration) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Line Items]
Leasehold impairments	$7,838	$15,550
Geological and geophysical	652	374
Total exploration expense	8,490	15,924
Williston Basin
Property, Plant and Equipment [Line Items]
Leasehold impairments	7,600	11,100
Appalachian Basin
Property, Plant and Equipment [Line Items]
Leasehold impairments	200	2,600
Magnum Hunter Production, Inc.
Property, Plant and Equipment [Line Items]
Leasehold impairments		$1,900

PROPERTY_PLANT_EQUIPMENT_Capit

PROPERTY, PLANT, & EQUIPMENT (Capitalized Costs of Oil and Gas Properties) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Capitalized costs, gross	$1,370,309,000		$1,346,645,000
Less accumulated depreciation	-303,686,000		-248,410,000
Net capitalized costs	1,066,623,000		1,098,235,000
Gas transportation, gathering and processing equipment and other
Property, Plant and Equipment [Line Items]
Capitalized costs, gross	102,639,000		100,436,000
Less accumulated depreciation	-25,105,000		-23,013,000
Net capitalized costs	77,534,000		77,423,000
Depreciation, depletion and amortization	$1,900,000	$4,700,000

ASSET_RETIREMENT_OBLIGATIONS_D

ASSET RETIREMENT OBLIGATIONS (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Summary of asset retirement obligation
Asset retirement obligation at beginning of period	$26,524		$16,216
Assumed in acquisitions	92		0
Liabilities incurred	4		218
Liabilities settled	0		-107
Liabilities sold	0		-2,598
Accretion expense	618		1,478
Revisions in estimated liabilities	-862	[1]	3,208	[1]
Reclassified from liabilities associated with assets held for sale	0		8,109
Asset retirement obligation at end of period	26,376		26,524
Less: current portion (included in other liabilities)	-812		-295
Asset retirement obligation at end of period	$25,564		$26,229
[1]	Revisions in estimated liabilities during 2014 relate to a change in assumptions used with respect to certain wells in the Appalachian Basin in Ohio and West Virginia.

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair value measurements on a Recurring Basis
Available for sale securities	$2,225	$3,864
Recurring | Level 1
Fair value measurements on a Recurring Basis
Available for sale securities	2,225	3,864
Total assets at fair value	2,225	3,864
Recurring | Level 1 | Commodity derivative assets
Fair value measurements on a Recurring Basis
Derivative assets	0	0
Recurring | Level 1 | Convertible security derivative assets
Fair value measurements on a Recurring Basis
Derivative assets	0	0
Recurring | Level 2
Fair value measurements on a Recurring Basis
Available for sale securities	0	0
Total assets at fair value	15,326	16,511
Recurring | Level 2 | Commodity derivative assets
Fair value measurements on a Recurring Basis
Derivative assets	15,326	16,511
Recurring | Level 2 | Convertible security derivative assets
Fair value measurements on a Recurring Basis
Derivative assets	0	0
Recurring | Level 3
Fair value measurements on a Recurring Basis
Available for sale securities	0	0
Total assets at fair value	50	75
Recurring | Level 3 | Commodity derivative assets
Fair value measurements on a Recurring Basis
Derivative assets	0	0
Recurring | Level 3 | Convertible security derivative assets
Assumptions and methodology used for calculating fair value of assets and liabilities
Life	1 year 10 months 24 days
Risk-free interest rate	0.77%
Estimated volatility	85.00%
Dividend	0.00%
GreenHunter stock price at end of period	$0.70
Fair value measurements on a Recurring Basis
Derivative assets	$50	$75

FAIR_VALUE_OF_FINANCIAL_INSTRU3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) (Level 3, Convertible Security Embedded Derivative Financial Instruments [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Embedded Derivatives, Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value as of December 31, 2014	$75
Decrease in fair value recognized in gain on derivative contracts, net	-25
31-Mar-15	$50
Recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Expected term	1 year 10 months 24 days
Estimated volatility	85.00%

FAIR_VALUE_OF_FINANCIAL_INSTRU4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 4) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Level 2 | Carrying Amount | Senior Notes
Carrying amounts and fair values of long-term debt
Fair value of senior notes	$597,404	$597,355
Level 2 | Estimated Fair Value | Senior Notes
Carrying amounts and fair values of long-term debt
Fair value of senior notes	546,000	498,000
Level 3 | Carrying Amount | MHR Senior Revolving Credit Facility
Carrying amounts and fair values of long-term debt
Fair value of senior notes	5,000	0
Level 3 | Carrying Amount | 8.5% Second Lien Term Loan due October 22, 2019 [Member]
Carrying amounts and fair values of long-term debt
Fair value of senior notes	328,559	329,140
Level 3 | Carrying Amount | Equipment Notes Payable
Carrying amounts and fair values of long-term debt
Fair value of senior notes	20,017	22,238
Level 3 | Estimated Fair Value | MHR Senior Revolving Credit Facility
Carrying amounts and fair values of long-term debt
Fair value of senior notes	5,000	0
Level 3 | Estimated Fair Value | 8.5% Second Lien Term Loan due October 22, 2019 [Member]
Carrying amounts and fair values of long-term debt
Fair value of senior notes	319,584	329,140
Level 3 | Estimated Fair Value | Equipment Notes Payable
Carrying amounts and fair values of long-term debt
Fair value of senior notes	$19,957	$22,150

FAIR_VALUE_OF_FINANCIAL_INSTRU5

FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 5) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Fair Value of Financial Instruments
Impairment of proved oil and gas properties	$13,854,000	$16,754,000
Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value of Financial Instruments
fair value proved oil and gas properties	495,500,000
Long-Lived Assets		$60,000,000
Oil and Gas Properties
Fair Value of Financial Instruments
Fair Value Inputs, Discount Rate	10.00%

INVESTMENTS_AND_DERIVATIVES_In

INVESTMENTS AND DERIVATIVES (Investment Holdings) (Details) (USD $)	3 Months Ended		12 Months Ended	0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Mar. 31, 2015
	issuer
Noncontrolling Interest [Line Items]
Number of issuers with business activities in oil and natural gas or mineral mining	3			3
Equity method investments	$346,912,000		$347,191,000	$346,912,000
Magnum Hunter's interest in Eureka Hunter Holdings net loss	-2,900,000	-246,000
Adjustment for gain (loss) on dilution	2,390,000	0
Basis difference upon deconsolidation			201,800,000
Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Equity method investments	346,900,000		347,200,000	346,900,000
Ownership percentage	45.53%			45.53%
Revenues	13,715,000
Operating loss	-472,000
Net loss	-1,582,000
Magnum Hunter's interest in Eureka Hunter Holdings net loss	-769,000
Magnum Hunter's equity in earnings, net	-2,669,000
Adjustment for gain (loss) on dilution	2,400,000
Basis difference upon deconsolidation	3,900,000
Series A-1 Units | Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Ownership percentage	45.53%			45.53%
Morgan Stanley Infrastructure (MSI) | Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Ownership percentage	53.00%			53.00%
Retained interest initially	347,300,000			347,300,000
Morgan Stanley Infrastructure (MSI) | Series A-1 Units | Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Payments for limited liability company (LLC) units	13,300,000
Morgan Stanley Infrastructure (MSI) | Series A-2 Units | Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Ownership percentage	53.00%			53.00%
2015 Growth CapEx Projects Contribution | Morgan Stanley Infrastructure (MSI) | Series A-2 Units | Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Payments for limited liability company (LLC) units				27,200,000
Additional Contribution | Morgan Stanley Infrastructure (MSI) | Series A-2 Units | Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Payments for limited liability company (LLC) units				37,800,000
MHR 2015 Make-Up Contribution | Series A-1 Units | Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Ownership percentage	46.44%			46.44%
MHR 2015 Make-Up Contribution | Morgan Stanley Infrastructure (MSI) | Series A-2 Units | Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Payments for limited liability company (LLC) units				18,700,000
Ownership percentage	52.11%			52.11%
No MHR Additional Contribution Funding | Series A-1 Units | Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Ownership percentage	44.53%			44.53%
No MHR Additional Contribution Funding | Morgan Stanley Infrastructure (MSI) | Series A-2 Units | Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Ownership percentage	53.98%			53.98%
Basis Difference Resulting from Deconsolidation | Eureka Hunter Holdings, LLC
Noncontrolling Interest [Line Items]
Basis difference amortization	-1,900,000
Green Hunter Energy
Noncontrolling Interest [Line Items]
Equity method investments	0		0	0
Common stock, value, outstanding	$1,300,000		$0	$1,300,000

INVESTMENTS_AND_DERIVATIVES_In1

INVESTMENTS AND DERIVATIVES (Investments by Type) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014	Dec. 31, 2014
Changes In Investments [Roll Forward]
Available-for-sale Securities, beginning of period	$3,864,000
Equity Method Investments, beginning of period	347,191,000
Gain on dilution of interest in Eureka Hunter Holdings, LLC	2,390,000		0
Current available-for-sale securities	2,225,000
Equity in net loss recognized in other income (expense)	-2,900,000		-246,000
Change in fair value recognized in other comprehensive loss	-1,408,000
Equity Method Investments, end of period	346,912,000
Available-for-sale Securities, end of period	2,225,000
Investment in affiliates, equity method	346,912,000			347,191,000
Equity Method Investments
Changes In Investments [Roll Forward]
Equity in net loss recognized in other income (expense)	-2,669,000	[1]
Available for Sale Securities
Changes In Investments [Roll Forward]
Equity in net loss recognized in other income (expense)	($231,000)	[1]
[1]	(1) As a result of the carrying value of the Company's investment in common stock of GreenHunter being reduced to zero from equity method losses, the Company is required to allocate any additional losses to its investment in the Series C preferred stock of GreenHunter. The Company recorded additional equity method loss against the carrying value of its investment in the Series C preferred stock of GreenHunter before recording any mark-to-market adjustments.

INVESTMENTS_AND_DERIVATIVES_In2

INVESTMENTS AND DERIVATIVES (Investments by Balance Sheet Location) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Available-for-sale Securities, Current	$2,225
Equity Method Investments, Current	0
Investments, Available-for-sale and Equity Method, Current	2,225
Available-for-sale Securities, Non-current	0
Equity Method Investments, Non-current	346,912	347,191
Investments, Available-for-sale and Equity Method, Non-current	346,912
Available-for-sale Securities	2,225	3,864
Equity method investments	346,912	347,191
Investments, Available-for-sale and Equity Method, Current and Non-current	$349,137

INVESTMENTS_AND_DERIVATIVES_Fa

INVESTMENTS AND DERIVATIVES (Fair Value) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Equity Securities, Amortized Cost	$883	$9,876
Equity Securities, Gross Unrealized Loss	-346	-7,323
Equity Securities	537	2,553
Equity Securities, Related Party, Amortized Cost Basis	2,200	2,200
Equity Securities, Related Party, Gross Unrealized Loss	-512	-889
Equity Securities, Related Party	1,688	1,311
Equity Securities, Including Related Party, Amortized Cost Basis	3,083	12,076
Equity Securities, Including Related Party, Gross Unrealized Loss	-858	-8,212
Equity Securities, Including Related Party	$2,225	$3,864

INVESTMENTS_AND_DERIVATIVES_Co

INVESTMENTS AND DERIVATIVES (Commodity Derivatives) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
	MMBTU
Derivative [Line Items]
Outstanding borrowings	$950,980		$948,733
Natural Gas | Jan 2015 - Dec 2015 | Swap
Derivative [Line Items]
MMBtu/day	40,000
Weighted Average Price	4.09
Crude Oil | Jan 2015 - Dec 2015 | Collars
Derivative [Line Items]
Bbl/day	259	[1]
Crude Oil | Jan 2015 - Dec 2015 | Call Option
Derivative [Line Items]
Bbl/day	1,570
Weighted Average Price	120
Crude Oil | Jan 2015 - Dec 2015 | Put Option
Derivative [Line Items]
Bbl/day	259
Weighted Average Price	70
Maximum | Crude Oil | Jan 2015 - Dec 2015 | Collars
Derivative [Line Items]
Weighted Average Price	91.25	[1]
Minimum | Crude Oil | Jan 2015 - Dec 2015 | Collars
Derivative [Line Items]
Weighted Average Price	85	[1]
Revolving Credit Facility | Line of Credit | Fourth Amended And Restated Credit Agreement, Maturing October 22, 2018
Derivative [Line Items]
Outstanding borrowings	$5,000
[1]	A collar is a sold call and a purchased put. Some collars are "costless" collars with the premiums netting to approximately zero.

INVESTMENTS_AND_DERIVATIVES_Co1

INVESTMENTS AND DERIVATIVES (Commodity and Financial Derivative Contracts) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivatives, Fair Value
Derivative Assets	$15,376	$16,586
Commodity
Derivatives, Fair Value
Derivative Assets	15,326	16,511
Financial
Derivatives, Fair Value
Derivative Assets	50	75
Derivative assets | Commodity
Derivatives, Fair Value
Derivative Assets	15,326	16,511
Derivative assets | Financial
Derivatives, Fair Value
Derivative Assets	$50	$75

INVESTMENTS_AND_DERIVATIVES_Ef

INVESTMENTS AND DERIVATIVES (Effect of Master Netting) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivative [Line Items]
Derivative Assets	$15,376	$16,586
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	15,326	16,511
Derivative, Fair Value, Amount Offset Against Collateral, Net	0	0
Derivative, Fair Value, Net	15,326	16,511
Current Assets
Derivative [Line Items]
Derivative Assets	16,631	18,146
Derivative Asset, Fair Value, Amount Offset Against Collateral	-1,305	-1,635
Derivative assets	15,326	16,511
Current Liabilities
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	-1,305	-1,635
Derivative Liability, Fair Value, Amount Offset Against Collateral	1,305	1,635
Derivative Liability	$0	$0

INVESTMENTS_AND_DERIVATIVES_Ne

INVESTMENTS AND DERIVATIVES (Net Gain (Loss)) (Details) (Commodity derivative assets, Other Income (Expense), USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Summary of net gain (loss) on derivative contracts
Gain (loss) on derivative contracts	$3,102	$347
Settled Transaction
Summary of net gain (loss) on derivative contracts
Gain (loss) on derivative contracts	4,311	-2,284
Open Transaction
Summary of net gain (loss) on derivative contracts
Gain (loss) on derivative contracts	($1,209)	$2,631

Recovered_Sheet1

INVESTMENTS AND DERIVATIVES INVESTMENTS AND DERIVATIVES (Basis Difference Allocation) (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Mar. 31, 2015
Deconsolidation of subsidiary, allocation of basis difference [Line Items]
Amounts reclassified for other than temporary impairment of available for sale securities	$8,992,000	$0
Identifiable Assets Basis Amortization And Reduction [Roll Forward]
Ending Basis December 31, 2014	201,874,000			196,067,000
Basis Amortization	-1,900,000
Basis Reduction	-3,907,000
Basis difference upon deconsolidation			201,800,000
Fixed assets
Identifiable Assets Basis Amortization And Reduction [Roll Forward]
Ending Basis December 31, 2014	5,088,000			4,920,000
Basis Amortization	-70,000
Basis Reduction	-98,000
Intangible assets
Identifiable Assets Basis Amortization And Reduction [Roll Forward]
Ending Basis December 31, 2014	155,189,000			150,654,000
Basis Amortization	-1,830,000
Basis Reduction	-2,705,000
Goodwill
Identifiable Assets Basis Amortization And Reduction [Roll Forward]
Ending Basis December 31, 2014	41,597,000			40,493,000
Basis Amortization	0
Basis Reduction	($1,104,000)
Minimum
Identifiable Assets Basis Amortization And Reduction [Roll Forward]
Ending Basis March 31, 2015	3 years
Maximum
Identifiable Assets Basis Amortization And Reduction [Roll Forward]
Ending Basis March 31, 2015	39 years

DEBT_Details

DEBT (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2012	Dec. 31, 2014
Debt Instrument [Line Items]
Total long-term debt, outstanding	950,980,000		$948,733,000
Less: current portion	-10,171,000		-10,770,000
Total long-term debt obligations, net of current portion	940,809,000		937,963,000
MHR second lien term loan due October 22, 2019, interest rate of 8.5%, net of unamortized discount of $9.7 million and $10.0 million at March 31, 2015 and December 31, 2014, respectively
Debt Instrument [Line Items]
Long-term debt, unamortized discount	9,700,000		10,000,000
Senior Notes | Senior Notes payable due May 15, 2020, interest rate of 9.75%, net of unamortized net discount of $2.6 million at March 31, 2015 and December 31, 2014
Debt Instrument [Line Items]
Total long-term debt, outstanding	597,404,000		597,355,000
Long-term debt, stated interest rate	9.75%		9.75%
Long-term debt, unamortized discount	2,600,000		2,600,000
Senior Notes and Term Loans | Senior Notes payable due May 15, 2020, interest rate of 9.75%, net of unamortized net discount of $2.6 million at March 31, 2015 and December 31, 2014
Debt Instrument [Line Items]
Long-term debt, unamortized discount	12,300,000
Note Payable | Various equipment and real estate notes payable with maturity dates February 2015 - November 2017, interest rates of 4.25% - 7.94%
Debt Instrument [Line Items]
Total long-term debt, outstanding	20,017,000		22,238,000
Note Payable | Notes Payable Due January 2015 - April 2021
Debt Instrument [Line Items]
Long-term debt, stated interest rate, minimum	4.25%	4.25%
Long-term debt, stated interest rate, maximum	7.94%	7.94%
Line of Credit | Revolving Credit Facility | MHR Senior Revolving Credit Facility
Debt Instrument [Line Items]
Total long-term debt, outstanding	5,000,000		0
Line of Credit | Revolving Credit Facility | 2.96 and 3.56 Percent Revolving Credit Facility due April 2016 and December 2013
Debt Instrument [Line Items]
Long-term debt, stated interest rate	2.93%		2.92%
Term Loan | MHR second lien term loan due October 22, 2019, interest rate of 8.5%, net of unamortized discount of $9.7 million and $10.0 million at March 31, 2015 and December 31, 2014, respectively
Debt Instrument [Line Items]
Total long-term debt, outstanding	328,559,000		$329,140,000
Long-term debt, stated interest rate	8.50%		8.50%

DEBT_Expected_Annual_Maturitie

DEBT (Expected Annual Maturities of Debt) (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Debt Disclosure [Abstract]
2015	$7,701
2016	12,127
2017	5,948
2018	8,958
2019	325,757
Thereafter	602,826
Total long-term debt, outstanding	$963,317

DEBT_MHR_Senior_Revolving_Cred

DEBT (MHR Senior Revolving Credit Facility) (Details) (USD $)	3 Months Ended	0 Months Ended		3 Months Ended
	Mar. 31, 2015	Apr. 17, 2015	Oct. 22, 2014	Jun. 30, 2015	Dec. 31, 2014	1-May-15
Debt Instrument [Line Items]
Outstanding borrowings	950,980,000				$948,733,000
Line of Credit | MHR Senior Revolving Credit Facility | Fourth Amended And Restated Credit Agreement, Maturing October 22, 2018
Debt Instrument [Line Items]
Borrowing base	50,000,000
Outstanding borrowings	5,000,000
Borrowing capacity	5,700,000
Line of Credit | MHR Senior Revolving Credit Facility | Fourth Amended And Restated Credit Agreement, Maturing October 22, 2018 | Subsequent Event
Debt Instrument [Line Items]
Borrowing base						50,000,000
Line of Credit | MHR Senior Revolving Credit Facility | First Amendment
Debt Instrument [Line Items]
Maximum allowable investments in oil and gas properties					2,000,000
Allowed maximum investments in subsidiary					2,000,000
Threshold for liquidity event, arms length transaction					36,000,000
Threshold for liquidity event, cash proceeds receivable by company or restricted subsidiary					73,000,000
Liquidity event not met, increase in variable rate	1.00%
Liquidity event not met, increase in commitment fee	0.25%
Line of Credit | MHR Senior Revolving Credit Facility | Second Amendment
Debt Instrument [Line Items]
Number of days accounts payable outstanding	90 days
Line of Credit | MHR Senior Revolving Credit Facility | Second Lien Amendment
Debt Instrument [Line Items]
Number of days accounts payable outstanding	90 days
Line of Credit | MHR Senior Revolving Credit Facility | Second Lien Amendment | Subsequent Event
Debt Instrument [Line Items]
Number of days accounts payable outstanding		180 days
Line of Credit | Letter of Credit | Senior Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit outstanding	39,300,000
Fiscal Quarter Ending December 31, 2014 | Line of Credit | Term Loan | Second Lien Term Loan Agreement
Debt Instrument [Line Items]
Proved Reserves to secured debt ratio (not less than 1.5 to 1.0)			1.5
Proved developed and producing reserves to secured debt ratio (not less than 1.0 to 1.0)			1
Fiscal Quarter Ending December 31, 2014 | Line of Credit | MHR Senior Revolving Credit Facility | First Amendment
Debt Instrument [Line Items]
Current ratio	0.75
Fiscal Quarter Ending December 31, 2014 | Line of Credit | MHR Senior Revolving Credit Facility | First Amendment | Subsequent Event
Debt Instrument [Line Items]
Current ratio				1
Credit Agreement Amendment Period April 17, 2015 Through May 29, 2015 | Line of Credit | MHR Senior Revolving Credit Facility | First Amendment
Debt Instrument [Line Items]
Interest rate margin increase	25.00%
Credit Agreement Amendment Period April 17, 2015 Through May 29, 2015 | Line of Credit | MHR Senior Revolving Credit Facility | Second Amendment
Debt Instrument [Line Items]
Number of days accounts payable outstanding	180 days
Aggregate net cash proceeds, threshold for preferred stock dividend payment	65,000,000
Fiscal Quarter Ending March 31, 2016 | Line of Credit | MHR Senior Revolving Credit Facility | Fourth Amended And Restated Credit Agreement, Maturing October 22, 2018
Debt Instrument [Line Items]
Leverage ratio limitation on netting of unencumbered cash			100,000,000
Fiscal Quarter Ending March 31, 2015 | Line of Credit | MHR Senior Revolving Credit Facility | First Amendment
Debt Instrument [Line Items]
Required maximum secured Net Debt to EBITDAX ratio			2.5
Fiscal Quarter Ending June 30, 2015 And Each Fiscal Quarter Thereafter | Line of Credit | MHR Senior Revolving Credit Facility | Fourth Amended And Restated Credit Agreement, Maturing October 22, 2018
Debt Instrument [Line Items]
Required maximum secured Net Debt to EBITDAX ratio			2
Fiscal Quarter Ending March 31, 2016 And Any Fiscal Quarter Trailing Four-Quarter Period Then Ended | Line of Credit | Term Loan | Second Lien Term Loan Agreement
Debt Instrument [Line Items]
Leverage ratio limitation on netting of unencumbered cash			100,000,000
Required maximum secured Net Debt to EBITDAX ratio			2.5

DEBT_Eureka_Hunter_Pipeline_Cr

DEBT (Eureka Hunter Pipeline Credit Agreement) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long-term debt		$950,980,000	$948,733,000
Term Loan | 12.5 Percent Term Loan due August 16, 2018
Debt Instrument [Line Items]
Prepayment penalty	$2,200,000

DEBT_Interest_Expense_Details

DEBT (Interest Expense) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Debt Instrument [Line Items]
Interest costs capitalized	$0
Write off of unamortized deferred financing costs		2,700,000
Interest expense incurred on debt, net of amounts capitalized	22,658,000	20,276,000
Amortization and write-off of deferred financing costs	807,000	3,621,000
Total interest expense	23,465,000	23,897,000
Term Loan | 12.5 Percent Term Loan due August 16, 2018
Debt Instrument [Line Items]
Prepayment penalty		2,200,000
Oil and Gas Properties
Debt Instrument [Line Items]
Interest costs capitalized		$600,000

SHAREBASED_COMPENSATION_Detail

SHARE-BASED COMPENSATION (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Share Based Compensation
Share-based compensation expense	$3,200,000	$1,100,000
Share based compensation	3,491,000
Stock options and stock appreciation rights
Shares
Outstanding at beginning of period (in shares)	13,195,000	16,891,000
Granted (in shares)	0	0
Exercised (in shares)	0	-597,000
Cancelled (in shares)	-729,000	-902,000
Outstanding at end of period (in shares)	12,466,000	15,392,000
Exercisable at end of period (in shares)	9,489,000	10,003,000
Weighted Average Exercise Price
Outstanding at beginning of period (in dollars per share)	$5.92	$5.69
Granted (in dollars per share)	$0	$0
Exercised (in dollars per share)	$0	$6.67
Cancelled (in dollars per share)	$5.93	$6.37
Outstanding at end of period (in dollars per share)	$5.92	$5.61
Exercisable at end of period (in dollars per share)	$6.04	$5.74
Non-vested Shares
Non-vested at beginning of period (in shares)	4,055,000	6,908,000
Granted (in shares)	0	0
Vested (in shares)	-725,000	-805,000
Cancelled (in shares)	-353,000	-714,000
Non-vested at end of period (in shares)	2,977,000	5,389,000
Additional disclosures
Unrecognized compensation cost	1,600,000	7,900,000
Weighted average period for recognition of compensation cost	6 months 14 days
Remaining contractual term	4 years 6 months
Restricted stock
Share Based Compensation
Award vesting period	3 years
Estimated future forfeiture rate	5.60%
Grants in period	105,000
Grant date fair value	$300,000
Additional disclosures
Unrecognized compensation cost	7,700,000	9,300,000
Weighted average period for recognition of compensation cost	1 year 9 months 5 days
Officers executives and employees | Common Stock
Share Based Compensation
Grants in period	535,274
Board of directors
Share Based Compensation
Share based compensation	$1,400,000
Amended And Restated Stock Incentive Plan
Share Based Compensation
Options, outstanding, number	12,466,231
Options, unvested, number of shares	2,977,557
Amended And Restated Stock Incentive Plan | Common Stock
Share Based Compensation
Number of shares authorized under the plan	27,500,000
Number of shares issued under the plan	11,728,837
Common stock shares unvested, number	1,821,470,000

SHAREHOLDERS_EQUITY_Details

SHAREHOLDERSb EQUITY (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Class of Stock [Line Items]
Shares issued in connection with share-based compensation	1,028,355
Preferred stock dividends	$8,848	$14,896
Accretion of the difference between the carrying value and the redemption value of preferred stock included in dividends	0	2,048
Class A Preferred Units | Eureka Hunter Holdings, LLC
Class of Stock [Line Items]
Preferred stock dividends	0	4,028
Series C Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends	2,562	2,562
Series D Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends	4,424	4,424
Series E Preferred Stock
Class of Stock [Line Items]
Preferred stock dividends	$1,862	$1,834
Dilutive
Class of Stock [Line Items]
Potentially dilutive securities outstanding (shares)	44,353,000	44,862,000
Series E Preferred Stock | Dilutive
Class of Stock [Line Items]
Potentially dilutive securities outstanding (shares)	10,946,000	10,946,000
Warrant | Dilutive
Class of Stock [Line Items]
Potentially dilutive securities outstanding (shares)	19,173,000	17,071,000
Unvested restricted shares | Dilutive
Class of Stock [Line Items]
Potentially dilutive securities outstanding (shares)	1,768,000	1,453,000
Common stock options and stock appreciation rights | Dilutive
Class of Stock [Line Items]
Potentially dilutive securities outstanding (shares)	12,466,000	15,392,000

REDEEMABLE_PREFERRED_STOCK_Det

REDEEMABLE PREFERRED STOCK (Details) (Series A Preferred Units, Eureka Hunter Holdings, LLC, USD $)	Sep. 16, 2014
In Millions, unless otherwise specified
Series A Preferred Units | Eureka Hunter Holdings, LLC
Class of Stock [Line Items]
Preferred units sold to Ridgeline	$200

RELATED_PARTY_TRANSACTIONS_Bal

RELATED PARTY TRANSACTIONS (Balances) (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
Related Party Transaction
Equity method investments	$346,912,000		$347,191,000
GreenHunter Resources, Inc.
Related Party Transaction
Accounts payable - net	-373,000	[1]	-228,000	[1]
Derivative assets	50,000	[1],[2]	75,000	[1],[2]
Investments	1,688,000	[1],[2]	1,311,000	[1],[2]
Notes receivable	1,226,000	[1],[2]	1,224,000	[1],[2]
Prepaid expense	461,000	[1]	1,000,000	[1]
Eureka Hunter Holdings, LLC
Related Party Transaction
Accounts receivable (payable) - net	-1,596,000	[3]	122,000	[3]
Equity method investments	352,354,000	[3]	347,191,000	[3]
Pilatus Hunter
Related Party Transaction
Accounts receivable (payable) - net	12,000		12,000
Classic Petroleum, Inc.
Related Party Transaction
Accounts payable - net	-282,000	[4]	0	[4]
Common Stock | GreenHunter Resources, Inc.
Related Party Transaction
Investment in related parties, shares	1,846,722
Investment in related parties, carrying value	0
Series C Preferred Stock | GreenHunter Resources, Inc.
Related Party Transaction
Investment in related parties, shares	88,000
Investment in related parties, carrying value	$1,700,000
[1]	GreenHunter is an entity of which Gary C. Evans, the Company's Chairman and CEO, is the Chairman and a major shareholder. Triad Hunter and Viking International Resources Co., Inc., wholly-owned subsidiaries of the Company, receive services related to brine water and rental equipment from GreenHunter and certain affiliated companies. The Company believes that such services were and are provided at competitive market rates and were and are comparable to, or more attractive than, rates that could be obtained from unaffiliated third party suppliers of such services.
[2]	On February 17, 2012, the Company sold its wholly-owned subsidiary, Hunter Disposal, to GreenHunter Water, LLC ("GreenHunter Water"), a wholly-owned subsidiary of GreenHunter. The Company recognized an embedded derivative asset resulting from the conversion option under the convertible promissory note it received as partial consideration for the sale. See "Note 6 - Fair Value of Financial Instruments" for additional information. The Company has recorded interest income as a result of the note receivable from GreenHunter. Also as a result of this transaction, the Company has an equity method investment in GreenHunter that is included in derivatives and investment in affiliates - equity method and an available for sale investment in GreenHunter included in investments.
[3]	Following a sequence of transactions up to and including, December 18, 2014, the Company no longer held a controlling financial interest in Eureka Hunter Holdings. The Company deconsolidated Eureka Hunter Holdings and accounts for its retained interest as of December 31, 2014 under the equity method of accounting. See "Note 7 - Investments and Derivatives".
[4]	Classic Petroleum, Inc. is an entity owned by the brother of James W. Denny, III, the Company's Executive Vice President and President of the Company's Appalachian Division. Triad Hunter receives land brokerage services from Classic Petroleum, Inc., including courthouse abstracting, contract negotiations, GIS mapping and leasing services.

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	3 Months Ended				12 Months Ended		0 Months Ended
	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014		Dec. 29, 2014	4-May-15
Related Party Transaction
Consulting agreement, term					12 months
Share-based compensation	$3,185,000		$1,061,000
GreenHunter Resources, Inc.
Related Party Transaction
Unrealized gain on investments	376,000	[1]	235,000	[1]
Rental agreement term	5 years
Rental agreement, prepayment							1,000,000
Rental agreement, credit for services, percent							50.00%
Prepaid expense	461,000	[2]			1,000,000	[2]
Notes receivable	1,200,000
Quarterly payment of principal and interest (through February 2017)	137,500
Note receivable, past due amount	168,437
GreenHunter Resources, Inc. | Salt water disposal
Related Party Transaction
Related party expenses	1,339,000	[2]	322,000	[2]
GreenHunter Resources, Inc. | Equipment rental
Related Party Transaction
Related party expenses	45,000	[2]	122,000	[2]
GreenHunter Resources, Inc. | Gas gathering-trucking
Related Party Transaction
Related party expenses	6,000	[2]	0	[2]
GreenHunter Resources, Inc. | Office space rental
Related Party Transaction
Related party expenses	4,000		22,000
GreenHunter Resources, Inc. | Interest Income from note receivable
Related Party Transaction
Interest income from note receivable	31,000	[1]	45,000	[1]
Pilatus Hunter
Related Party Transaction
Percentage of owned in subsidiary	100.00%
Pilatus Hunter | Airplane rental expenses
Related Party Transaction
Related party expenses	11,000	[3]	70,000	[3]
Kirk Trosclair
Related Party Transaction
Monthly labor and related expense					10,000
Labor and related expense	31,000
Share-based compensation	0
Eureka Hunter Holdings, LLC | Equipment rental
Related Party Transaction
Related party expenses	10,000	[4]	0	[4]
Eureka Hunter Holdings, LLC | Transportation costs
Related Party Transaction
Related party expenses	5,606,000	[4]	0	[4]
Eureka Hunter Holdings, LLC | Disposal services
Related Party Transaction
Related party expenses	369,000	[4]	0	[4]
Eureka Hunter Holdings, LLC | Land usage fee
Related Party Transaction
Related party expenses	3,000	[4]	0	[4]
Classic Petroleum, Inc. | Land services
Related Party Transaction
Related party expenses	162,000	[5]	312,000	[5]
Series C Cumulative Perpetual Preferred Stock | GreenHunter Resources, Inc.
Related Party Transaction
Proceeds from dividends received	55,000		55,000
Chief Executive Officer | GreenHunter Resources, Inc.
Related Party Transaction
Shares purchased by related party from agreement for acquisition of assets	27,641
Eureka Hunter Pipeline Gas Gathering Agreement
Related Party Transaction
Oil and gas delivery commitments and contracts, fixed price					0.75
Amended and Restated Gas Gathering Services Agreement
Related Party Transaction
Administrative services revenue					500,000
Administrative services revenue, additional percentage on annual fee					1.50%
Subsequent Event | GreenHunter Resources, Inc.
Related Party Transaction
Repayment of principal and interest of note receivable								$168,437
[1]	On February 17, 2012, the Company sold its wholly-owned subsidiary, Hunter Disposal, to GreenHunter Water, LLC ("GreenHunter Water"), a wholly-owned subsidiary of GreenHunter. The Company recognized an embedded derivative asset resulting from the conversion option under the convertible promissory note it received as partial consideration for the sale. See "Note 6 - Fair Value of Financial Instruments" for additional information. The Company has recorded interest income as a result of the note receivable from GreenHunter. Also as a result of this transaction, the Company has an equity method investment in GreenHunter that is included in derivatives and investment in affiliates - equity method and an available for sale investment in GreenHunter included in investments.
[2]	GreenHunter is an entity of which Gary C. Evans, the Company's Chairman and CEO, is the Chairman and a major shareholder. Triad Hunter and Viking International Resources Co., Inc., wholly-owned subsidiaries of the Company, receive services related to brine water and rental equipment from GreenHunter and certain affiliated companies. The Company believes that such services were and are provided at competitive market rates and were and are comparable to, or more attractive than, rates that could be obtained from unaffiliated third party suppliers of such services.
[3]	The Company rented an airplane for business use for certain members of Company management at various times from Pilatus Hunter, LLC, an entity 100% owned by Mr. Evans. Airplane rental expenses are recorded in general and administrative expense.
[4]	Following a sequence of transactions up to and including, December 18, 2014, the Company no longer held a controlling financial interest in Eureka Hunter Holdings. The Company deconsolidated Eureka Hunter Holdings and accounts for its retained interest as of December 31, 2014 under the equity method of accounting. See "Note 7 - Investments and Derivatives".
[5]	Classic Petroleum, Inc. is an entity owned by the brother of James W. Denny, III, the Company's Executive Vice President and President of the Company's Appalachian Division. Triad Hunter receives land brokerage services from Classic Petroleum, Inc., including courthouse abstracting, contract negotiations, GIS mapping and leasing services.

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	0 Months Ended	3 Months Ended	1 Months Ended
	Jan. 14, 2015	Mar. 31, 2015	Jun. 30, 2014	Aug. 12, 2013	Jul. 01, 2014
		acre		acre
Utica Shale
Subsequent Event [Line Items]
Net mineral acres acquired				32,000
Leasehold Acreage From MNW Energy, LLC
Subsequent Event [Line Items]
Net leasehold acres purchased	2,665.10
Payment to acquire leasehold acres	$12,000,000
Net leasehold acres purchased, to date		25,044
Percent of total leasehold acres acquired under the asset purchase agreement		78.30%
Drilling Rig Purchase | Alpha Hunter Drilling LLC
Subsequent Event [Line Items]
Purchase price of a new drilling rig			6,500,000
Deposit on equipment purchase					$1,300,000

SUPPLEMENTAL_CASH_FLOW_INFORMA2

SUPPLEMENTAL CASH FLOW INFORMATION (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Supplemental Cash Flow Elements [Abstract]
Cash paid for interest	$7,408	$3,050
Non-cash transactions
Non-cash consideration received from sale of assets		9,400
Change in accrued capital expenditures	-35,152	55,396
Non-cash additions to asset retirement obligation	-766	52
Eureka Hunter Holdings Series A Preferred Unit dividends paid in kind		$1,900

SEGMENT_REPORTING_Details

SEGMENT REPORTING (Details) (USD $)	3 Months Ended				1 Months Ended
	Mar. 31, 2015		Mar. 31, 2014		31-May-14	Dec. 31, 2014
Details of operating activities by segment
Equity method investments	$346,912,000					$347,191,000
Total revenue	55,396,000		113,482,000
Depletion, depreciation, amortization and accretion	57,750,000		29,409,000
Loss (gain) on sale of assets, net	-1,652,000		4,075,000
Other operating expenses	76,786,000		112,760,000
Other income (expense)	-28,431,000		-23,795,000
Income (loss) from continuing operations before income tax	-105,919,000		-56,557,000
Total income (loss) from discontinued operations, net of tax	0		-5,144,000
Net income (loss)	-105,919,000		-61,701,000
Total assets	1,568,825,000		1,893,853,000			1,669,829,000
Total capital expenditures	49,187,000		97,966,000
U.S. Upstream
Details of operating activities by segment
Total revenue	50,213,000		76,212,000
Depletion, depreciation, amortization and accretion	56,897,000		24,940,000
Loss (gain) on sale of assets, net	-1,640,000		4,073,000
Other operating expenses	61,659,000		68,865,000
Other income (expense)	-8,213,000		-372,000
Income (loss) from continuing operations before income tax			-22,038,000
Total income (loss) from discontinued operations, net of tax			-4,319,000
Net income (loss)	-74,916,000		-26,357,000
Total assets	1,113,179,000		1,369,962,000
Total capital expenditures	47,318,000		66,311,000
Canadian Upstream
Details of operating activities by segment
Total revenue	0		0
Depletion, depreciation, amortization and accretion	0		0
Loss (gain) on sale of assets, net	0		0
Other operating expenses	0		0
Other income (expense)	0		0
Income (loss) from continuing operations before income tax			0
Total income (loss) from discontinued operations, net of tax			-825,000
Net income (loss)	0		-825,000
Total assets	0		64,147,000
Total capital expenditures	0		308,000
Midstream and Marketing
Details of operating activities by segment
Total revenue	318,000		34,735,000	[1]
Depletion, depreciation, amortization and accretion	0		3,678,000	[1]
Loss (gain) on sale of assets, net	0		0	[1]
Other operating expenses	404,000		32,070,000	[1]
Other income (expense)	0		30,000	[1]
Income (loss) from continuing operations before income tax			-983,000	[1]
Total income (loss) from discontinued operations, net of tax			0	[1]
Net income (loss)	-86,000		-983,000	[1]
Total assets	149,000		322,030,000	[1]
Total capital expenditures	0		30,634,000	[1]
Segment Reporting, Percentage of Revenues of Segment			25.00%
Oilfield Services
Details of operating activities by segment
Total revenue	6,674,000		7,911,000
Depletion, depreciation, amortization and accretion	1,006,000		791,000
Loss (gain) on sale of assets, net	-12,000		2,000
Other operating expenses	5,277,000		6,713,000
Other income (expense)	-166,000		-209,000
Income (loss) from continuing operations before income tax			196,000
Total income (loss) from discontinued operations, net of tax			0
Net income (loss)	237,000		196,000
Total assets	44,323,000		45,021,000
Total capital expenditures	421,000		690,000
Corporate Unallocated
Details of operating activities by segment
Total revenue	0	[2]	0
Depletion, depreciation, amortization and accretion	0	[2]	0
Loss (gain) on sale of assets, net	0	[2]	0
Other operating expenses	11,034,000	[2]	10,488,000
Other income (expense)	-20,052,000	[2]	-23,244,000
Income (loss) from continuing operations before income tax			-33,732,000
Total income (loss) from discontinued operations, net of tax			0
Net income (loss)	-31,086,000	[2]	-33,732,000
Total assets	412,596,000	[2]	98,526,000
Total capital expenditures	1,448,000	[2]	23,000
Inter-segment Eliminations
Details of operating activities by segment
Total revenue	-1,809,000		-5,376,000
Depletion, depreciation, amortization and accretion	-153,000		0
Loss (gain) on sale of assets, net	0		0
Other operating expenses	-1,588,000		-5,376,000
Other income (expense)	0		0
Income (loss) from continuing operations before income tax			0
Total income (loss) from discontinued operations, net of tax			0
Net income (loss)	-68,000		0
Total assets	-1,422,000		-5,833,000
Total capital expenditures	0		0
WHI Canada
Details of operating activities by segment
Ownership percentage sold					100.00%
Total income (loss) from discontinued operations, net of tax			($5,144,000)
[1]	(2)B Includes operations of Eureka Hunter Holdings, which represents approximately 25.0% of Midstream and Marketing revenues for the three months ended MarchB 31, 2014, and which was deconsolidated as of December 18, 2014.
[2]	(1) Includes the Company's retained interest in Eureka Hunter Holdings which has a value of $346.9 million at MarchB 31, 2015.

CONDENSED_CONSOLIDATING_GUARAN2

CONDENSED CONSOLIDATING GUARANTOR FINANCIAL STATEMENTS (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	($105,919,000)	($61,701,000)
ASSETS
Current assets	54,788,000		120,196,000
Property and equipment (using successful efforts method of accounting)	1,144,157,000		1,175,658,000
Equity method investments	346,912,000		347,191,000
Total assets	1,568,825,000	1,893,853,000	1,669,829,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities	168,982,000		168,445,000
Shareholdersb equity	327,971,000		431,855,000
Total liabilities and shareholdersb equity	1,568,825,000		1,669,829,000
9.75 Percent Senior Notes Due May 15, 2020 | Magnum Hunter Resources Corporation
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	-105,919,000	-67,819,000
ASSETS
Current assets	34,173,000		85,647,000
Intercompany accounts receivable	1,147,078,000		1,113,417,000
Property and equipment (using successful efforts method of accounting)	6,598,000		5,506,000
Investment in subsidiaries	-158,251,000		-91,595,000
Equity method investments	346,912,000		347,191,000
Other assets	22,085,000		22,804,000
Total assets	1,398,595,000		1,482,970,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities	40,478,000		25,347,000
Intercompany accounts payable	0		0
Long-term liabilities	930,145,000		925,767,000
Redeemable preferred stock	100,000,000		100,000,000
Shareholdersb equity	327,972,000		431,856,000
Total liabilities and shareholdersb equity	1,398,595,000		1,482,970,000
9.75 Percent Senior Notes Due May 15, 2020 | 100% Owned Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	-76,129,000	-21,681,000
ASSETS
Current assets	21,554,000		36,338,000
Property and equipment (using successful efforts method of accounting)	1,137,615,000		1,170,122,000
Investment in subsidiaries	92,458,000		94,134,000
Equity method investments	0		0
Other assets	883,000		3,980,000
Total assets	1,252,510,000		1,304,574,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities	128,854,000		142,914,000
Intercompany accounts payable	1,108,513,000		1,073,091,000
Long-term liabilities	41,727,000		43,762,000
Redeemable preferred stock	0		0
Shareholdersb equity	-26,584,000		44,807,000
Total liabilities and shareholdersb equity	1,252,510,000		1,304,574,000
9.75 Percent Senior Notes Due May 15, 2020 | Non Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	166,000	-861,000
ASSETS
Current assets	416,000		589,000
Property and equipment (using successful efforts method of accounting)	12,000		30,000
Equity method investments	0		0
Total assets	428,000		619,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities	1,005,000		2,567,000
Intercompany accounts payable	40,801,000		42,560,000
Long-term liabilities	0		0
Redeemable preferred stock	0		0
Shareholdersb equity	-41,378,000		-44,508,000
Total liabilities and shareholdersb equity	428,000		619,000
9.75 Percent Senior Notes Due May 15, 2020 | Eliminations
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	75,963,000	28,660,000
ASSETS
Current assets	-1,355,000		-2,378,000
Intercompany accounts receivable	-1,147,078,000		-1,113,417,000
Property and equipment (using successful efforts method of accounting)	-68,000
Investment in subsidiaries	65,793,000		-2,539,000
Equity method investments	0		0
Total assets	-1,082,708,000		-1,118,334,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities	-1,355,000		-2,383,000
Intercompany accounts payable	-1,149,314,000		-1,115,651,000
Long-term liabilities	0		0
Redeemable preferred stock	0		0
Shareholdersb equity	67,961,000		-300,000
Total liabilities and shareholdersb equity	-1,082,708,000		-1,118,334,000
9.75 Percent Senior Notes Due May 15, 2020 | Magnum Hunter Resources Corporation Consolidated
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	-105,919,000	-61,701,000
ASSETS
Current assets	54,788,000		120,196,000
Intercompany accounts receivable	0		0
Property and equipment (using successful efforts method of accounting)	1,144,157,000		1,175,658,000
Investment in subsidiaries	0		0
Equity method investments	346,912,000		347,191,000
Other assets	22,968,000		26,784,000
Total assets	1,568,825,000		1,669,829,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities	168,982,000		168,445,000
Intercompany accounts payable	0		0
Long-term liabilities	971,872,000		969,529,000
Redeemable preferred stock	100,000,000		100,000,000
Shareholdersb equity	327,971,000		431,855,000
Total liabilities and shareholdersb equity	$1,568,825,000		$1,669,829,000

CONDENSED_CONSOLIDATING_GUARAN3

CONDENSED CONSOLIDATING GUARANTOR FINANCIAL STATEMENTS (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Condensed consolidating statements of operations
Revenues	$55,396	$113,482
Income (loss) from continuing operations	-105,919	-56,557
Income from discontinued operations, net of tax	0	3,369
Loss on disposal of discontinued operations, net of tax	0	-8,513
Net income (loss)	-105,919	-61,701
Net loss attributed to non-controlling interests	0	109
Net income (loss) attributable to Magnum Hunter Resources Corporation	-105,919	-61,592
Dividends on preferred stock	-8,848	-14,896
Net income (loss) attributable to common shareholders	-114,767	-76,488
9.75 Percent Senior Notes Due May 15, 2020 | Magnum Hunter Resources Corporation
Condensed consolidating statements of operations
Revenues	1	108
Expenses	31,565	34,793
Loss from continuing operations before equity in net income of subsidiary	-31,564	-34,685
Equity in net income of subsidiary	-74,355	-28,815
Income (loss) from continuing operations		-63,500
Income from discontinued operations, net of tax		0
Loss on disposal of discontinued operations, net of tax		-4,319
Net income (loss)	-105,919	-67,819
Net loss attributed to non-controlling interests		0
Net income (loss) attributable to Magnum Hunter Resources Corporation		-67,819
Dividends on preferred stock	-8,848	-8,820
Net income (loss) attributable to common shareholders	-114,767	-76,639
9.75 Percent Senior Notes Due May 15, 2020 | 100% Owned Guarantor Subsidiaries
Condensed consolidating statements of operations
Revenues	56,996	109,881
Expenses	131,449	131,717
Loss from continuing operations before equity in net income of subsidiary	-74,453	-21,836
Equity in net income of subsidiary	-1,676	155
Income (loss) from continuing operations		-21,681
Income from discontinued operations, net of tax		0
Loss on disposal of discontinued operations, net of tax		0
Net income (loss)	-76,129	-21,681
Net loss attributed to non-controlling interests		0
Net income (loss) attributable to Magnum Hunter Resources Corporation		-21,681
Dividends on preferred stock	0	0
Net income (loss) attributable to common shareholders	-76,129	-21,681
9.75 Percent Senior Notes Due May 15, 2020 | Non Guarantor Subsidiaries
Condensed consolidating statements of operations
Revenues	528	8,869
Expenses	362	8,905
Loss from continuing operations before equity in net income of subsidiary	166	-36
Equity in net income of subsidiary	0	0
Income (loss) from continuing operations		-36
Income from discontinued operations, net of tax		3,369
Loss on disposal of discontinued operations, net of tax		-4,194
Net income (loss)	166	-861
Net loss attributed to non-controlling interests		0
Net income (loss) attributable to Magnum Hunter Resources Corporation		-861
Dividends on preferred stock	0	-6,076
Net income (loss) attributable to common shareholders	166	-6,937
9.75 Percent Senior Notes Due May 15, 2020 | Eliminations
Condensed consolidating statements of operations
Revenues	-2,129	-5,376
Expenses	-2,061	-5,376
Loss from continuing operations before equity in net income of subsidiary	-68	0
Equity in net income of subsidiary	76,031	28,660
Income (loss) from continuing operations		28,660
Income from discontinued operations, net of tax		0
Loss on disposal of discontinued operations, net of tax		0
Net income (loss)	75,963	28,660
Net loss attributed to non-controlling interests		109
Net income (loss) attributable to Magnum Hunter Resources Corporation		28,769
Dividends on preferred stock	0	0
Net income (loss) attributable to common shareholders	75,963	28,769
9.75 Percent Senior Notes Due May 15, 2020 | Magnum Hunter Resources Corporation Consolidated
Condensed consolidating statements of operations
Revenues	55,396	113,482
Expenses	161,315	170,039
Loss from continuing operations before equity in net income of subsidiary	-105,919	-56,557
Equity in net income of subsidiary	0	0
Income (loss) from continuing operations		-56,557
Income from discontinued operations, net of tax		3,369
Loss on disposal of discontinued operations, net of tax		-8,513
Net income (loss)	-105,919	-61,701
Net loss attributed to non-controlling interests		109
Net income (loss) attributable to Magnum Hunter Resources Corporation		-61,592
Dividends on preferred stock	-8,848	-14,896
Net income (loss) attributable to common shareholders	($114,767)	($76,488)

CONDENSED_CONSOLIDATING_GUARAN4

CONDENSED CONSOLIDATING GUARANTOR FINANCIAL STATEMENTS (Details 3) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	($105,919)	($61,701)
Foreign currency translation gain	115	-2,348
Unrealized loss on available for sale securities	-1,408	-56
COMPREHENSIVE LOSS	-98,220	-64,105
Comprehensive loss attributable to non-controlling interests	0	109
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	-98,220	-63,996
9.75 Percent Senior Notes Due May 15, 2020 | Magnum Hunter Resources Corporation
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	-105,919	-67,819
Foreign currency translation gain	0	0
Unrealized loss on available for sale securities	0	0
Amounts reclassified from accumulated other comprehensive income upon sale of Williston Hunter Canada, Inc.	0
COMPREHENSIVE LOSS	-105,919	-67,819
Comprehensive loss attributable to non-controlling interests		0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		-67,819
9.75 Percent Senior Notes Due May 15, 2020 | 100% Owned Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	-76,129	-21,681
Foreign currency translation gain	115	0
Unrealized loss on available for sale securities	-1,408	-56
Amounts reclassified from accumulated other comprehensive income upon sale of Williston Hunter Canada, Inc.	8,992
COMPREHENSIVE LOSS	-68,430	-21,737
Comprehensive loss attributable to non-controlling interests		0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		-21,737
9.75 Percent Senior Notes Due May 15, 2020 | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	166	-861
Foreign currency translation gain	0	-2,348
Unrealized loss on available for sale securities	0	0
Amounts reclassified from accumulated other comprehensive income upon sale of Williston Hunter Canada, Inc.	0
COMPREHENSIVE LOSS	166	-3,209
Comprehensive loss attributable to non-controlling interests		0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		-3,209
9.75 Percent Senior Notes Due May 15, 2020 | Eliminations
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	75,963	28,660
Foreign currency translation gain	0	0
Unrealized loss on available for sale securities	0	0
Amounts reclassified from accumulated other comprehensive income upon sale of Williston Hunter Canada, Inc.	0
COMPREHENSIVE LOSS	75,963	28,660
Comprehensive loss attributable to non-controlling interests		109
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		28,769
9.75 Percent Senior Notes Due May 15, 2020 | Magnum Hunter Resources Corporation Consolidated
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	-105,919	-61,701
Foreign currency translation gain	115	-2,348
Unrealized loss on available for sale securities	-1,408	-56
Amounts reclassified from accumulated other comprehensive income upon sale of Williston Hunter Canada, Inc.	8,992
COMPREHENSIVE LOSS	-98,220	-64,105
Comprehensive loss attributable to non-controlling interests		109
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		($63,996)

CONDENSED_CONSOLIDATING_GUARAN5

CONDENSED CONSOLIDATING GUARANTOR FINANCIAL STATEMENTS (Details 4) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Schedule of condensed consolidating statements of cash flows
Cash flow from operating activities	$48,136	$3,877
Cash flow from operating activities	-80,886	-22,819
Cash flow from investing activities	-6,799	41,656
Effect of changes in exchange rate on cash	22	25
Net increase (decrease) in cash	-39,527	22,739
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	53,180	41,713
CASH AND CASH EQUIVALENTS, END OF PERIOD	13,653	64,452
9.75 Percent Senior Notes Due May 15, 2020 | Magnum Hunter Resources Corporation
Schedule of condensed consolidating statements of cash flows
Cash flow from operating activities	-41,254	-8,779
Cash flow from operating activities	151	-181
Cash flow from investing activities	-5,804	31,886
Net increase (decrease) in cash	-46,907	22,926
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	64,165	47,895
CASH AND CASH EQUIVALENTS, END OF PERIOD	17,258	70,821
9.75 Percent Senior Notes Due May 15, 2020 | 100% Owned Guarantor Subsidiaries
Schedule of condensed consolidating statements of cash flows
Cash flow from operating activities	89,611	4,611
Cash flow from operating activities	-81,258	-4,070
Cash flow from investing activities	-995	4,050
Effect of changes in exchange rate on cash	22
Net increase (decrease) in cash	7,380	4,591
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	-10,985	-17,651
CASH AND CASH EQUIVALENTS, END OF PERIOD	-3,605	-13,060
9.75 Percent Senior Notes Due May 15, 2020 | Non Guarantor Subsidiaries
Schedule of condensed consolidating statements of cash flows
Cash flow from operating activities		8,045
Cash flow from operating activities		-18,568
Cash flow from investing activities		5,720
Effect of changes in exchange rate on cash		25
Net increase (decrease) in cash		-4,778
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		11,469
CASH AND CASH EQUIVALENTS, END OF PERIOD		6,691
9.75 Percent Senior Notes Due May 15, 2020 | Eliminations
Schedule of condensed consolidating statements of cash flows
Cash flow from operating activities	-221
Cash flow from operating activities	221
9.75 Percent Senior Notes Due May 15, 2020 | Magnum Hunter Resources Corporation Consolidated
Schedule of condensed consolidating statements of cash flows
Cash flow from operating activities	48,136	3,877
Cash flow from operating activities	-80,886	-22,819
Cash flow from investing activities	-6,799	41,656
Effect of changes in exchange rate on cash	22	25
Net increase (decrease) in cash	-39,527	22,739
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	53,180	41,713
CASH AND CASH EQUIVALENTS, END OF PERIOD	$13,653	$64,452

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	8-May-15	Dec. 31, 2014	7-May-15	1-May-15	Mar. 13, 2015
Subsequent Event [Line Items]
Common stock, shares issued	202,449,056			201,420,701
Net proceeds from sale of common shares	$0	$28,897,000
Line of Credit | Fourth Amended And Restated Credit Agreement, Maturing October 22, 2018 | MHR Senior Revolving Credit Facility
Subsequent Event [Line Items]
Maximum borrowing capacity	50,000,000
Line of Credit | Fourth Amended And Restated Credit Agreement, Maturing October 22, 2018 | MHR Senior Revolving Credit Facility | Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity						50,000,000
Expected proceeds from termination of commodity derivative positions					11,800,000
Universal Shelf Registration Statement Form S3
Subsequent Event [Line Items]
Shelf registration maximum offering							500,000,000
Universal Shelf Registration Statement Form S3 | Subsequent Event
Subsequent Event [Line Items]
Common stock, shares issued			6,759,981
Net proceeds from sale of common shares			13,700,000
Stock issuance, sales commissions			$300,000