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


                                                              March 3, 2003
Date of Report (Date of earliest event reported)_______________________________


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


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


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


Registrant's telephone number, including area code        (972) 401-0752
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          (Former name or former address, if changed since last report)

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Item 9. Regulation FD Disclosure.

     In  accordance  with General  Instruction  B.2. of Form 8-K, the  following
information  shall not be deemed  "filed"  for  purposes  of  Section  18 of the
Securities Act of 1934, nor shall it be deemed  incorporated by reference in any
filing under the Securities Act of 1933,  except as shall be expressly set forth
by specific reference in such a filing.

                         Magnum Hunter Resources, Inc.
                       Disclosure of 2002 Proved Reserves

     Magnum Hunter Resources,  Inc. announced today its total proved reserves at
December  31,  2002,  as  prepared  by  the  Company's   independent   petroleum
consultants, DeGolyer and MacNaughton and Cawley Gillespie & Associates, Inc. On
a gas equivalent basis, proved reserves were 837.1 billion cubic feet, comprised
of 458.6 billion cubic feet of natural gas and 63.1 million barrels of crude oil
and natural gas liquids.  This  represents a 121%  increase  over the  Company's
378.1 Bcfe of total proved reserves reported at December 31, 2001. Magnum Hunter
added  approximately  630.9 Bcfe of total proved  reserves  during 2002 from all
sources that replaced 890% of the Company's 2002 production of  approximately 71
Bcfe. The Company's reserves life index at year-end 2002 was 11.8 years.

Full-Year 2002 Finding and Development Costs

     The unaudited  all sources  finding and  development  cost for total proved
reserves  added by the Company  during  fiscal  2002,  based upon total  capital
expenditures of approximately $584 million, is $0.93 per Mcfe.

     The most significant event for Magnum Hunter during 2002 was the successful
merger with Prize Energy that closed on March 15, 2002. At the time, the Company
added approximately 538 Bcfe of proved reserves at a cost of approximately $0.84
per Mcfe.

Proved Reserves and Production Growth Per Share

     Magnum  Hunter's  average  fully diluted share count during fiscal 2002 was
62.5 million  shares,  a 169% increase  over the  Company's  fiscal 2001 average
fully diluted share count of 37.1 million  shares.  The increase was principally
due to new shares issued in conjunction with the Prize Energy merger. Based upon
the Company's  estimated  proved reserves and oil and gas production  estimates,
Magnum Hunter  increased  total proved reserves per share by 31.4% and increased
production per share by 25.9%.

Before-Tax PV-10% Calculation

     Magnum  Hunter's  total proved  reserves of 837.1 Bcfe at December 31, 2002
had a net present value  (discounted  at 10%) before  federal  income taxes,  of
$1.246  billion.  The  unescalated  year-end  2002  commodity  prices  used  for
calculating  this present  value were $4.59 per MMbtu for natural gas and $31.23
per  Bbl  for  crude  oil,  before   adjustments   for  pertinent   pricing  and
differentials.

Net Asset Value Per Share

     Based upon the Company's  present value of proved reserves at year-end 2002
of $1.246  billion,  less year-end  2002 debt levels,  and divided by the common
share count as of December  31,  2002,  a net asset value  ("NAV") of $10.02 per
share is implied.  This NAV per share estimate does not take into account Magnum
Hunter's substantial undeveloped leasehold mineral acreage position or the value
of the Company's natural gas transmission, marketing and processing assets.

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                                   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.


                                                /s/ Morgan F. Johnston
                                            BY:____________________________
                                                Morgan F. Johnston
                                                Sr. Vice President, General
                                                Counsel and Secretary



Dated: March 3, 2003