UNITED STATES SECURITIES AND EXCHANGE
COMMISSION Washington, D.C. 20549

FORM 8-K

CURRENT REPORT Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  June 18, 2004

MAGNUM HUNTER
RESOURCES, INC. (Exact name of registrant as specified in its charter)

|Nevada                                                         | 1-12508                 | 87-0462881                       
|-------------------------------------------------------------- | ----------------------- | ---------------------------------
|(State or other jurisdiction of incorporation or organization) | (Commission File Number | (IRS Employer Identification No.)

600 East Las Colinas
Blvd., Suite 1100, Irving, Texas 75039(Address of principal
executive offices)        (Zip Code)

Registrant's telephone number, including area code   (972)
401-0752

Not Applicable
(Former name or former address, if changed since last report)

# Item 5. Other Events and
Regulation FD Disclosure

On
June 18, 2004 Magnum Hunter Resources, Inc. (the Company) entered into an
agreement with a subsidiary of EnCana Corporation (EnCana) to acquire its oil
and gas properties in New Mexico for $243 million, subject to adjustment. Based upon the
preliminary report of DeGolyer and MacNaughton, independent petroleum engineers, the
properties have estimated proved reserves of approximately 99 Bcfe as of May 1, 2004 of
which 77% is natural gas. On the basis of these estimates, the Company estimates that the
New Mexico properties currently produce approximately 18 Mmcf per day of natural gas and
870 Bbls per day of hydrocarbon liquids, or approximately 23 Mmcfe per day. Such
production would represent a 72% increase to the Companys existing production from
Southeast New Mexico of 32 Mmcfe per day.

The
majority of the properties to be acquired from EnCana are located in Lea and Eddy Counties
in Southeast New Mexico. This is in the vicinity of the Companys Morrow/Atoka/Strawn
drilling program, which management considers to be its most active and successful onshore
program. Based on the preliminary report of DeGolyer and MacNaughton, the Company
estimates the properties to be acquired include 458 producing wells. The Company further
estimates the properties to be acquired include 44,000 net acres of undeveloped leasehold
interests and a substantial number of additional drilling locations.

The
Company anticipates financing the proposed acquisition through the sale of common stock
with the balance provided by borrowings under its credit facility. The Company expects to
increase the borrowing base under its credit facility to provide post-acquisition
liquidity.

The
closing of the acquisition is subject to customary closing conditions and is expected to
occur in July 2004 effective as of May 1, 2004. The purchase price will be reduced by
estimated net revenue between May 1, 2004 and the closing date for the acquisition. The
final closing price may also be adjusted by preferential purchase elections and other
typical post-closing adjustments. There is no assurance that the acquisition will be
completed or that the Companys estimates of proved reserves and production for the
pending acquisition will be correct. The Companys estimates of proved reserves and
production assume no closing adjustments.

# SIGNATURES

Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.

|                         |  | MAGNUM HUNTER RESOURCES, INC.BY:/s/ Chris Tong        Chris Tong        Sr. Vice President and CFO
|------------------------ |  | --------------------------------------------------------------------------------------------------
|Dated:     June 21, 2004 |  |