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

                                                      December 17, 1997
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 1200, 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 2.  Acquisition of Assets

     On December 17,  1997,  Magnum  Hunter  Resources,  Inc.  acquired a thirty
percent  (30%)  membership  interest in NGTS,  LLC, a newly formed  wholly owned
subsidiary of Natural Gas Transmission  Services,  Inc. NGTS, LLC assumed all of
NGTS' operations as of December 1, 1997.

     Magnum  Hunter  completed the $4.35  million  acquisition  from NGTS with a
combination  of cash ($2.35  million) and  promissory  notes ($2.0 million) that
have equity "put" features once Magnum  Hunter's common stock achieves a trading
range of $7.50 per  share.  Magnum  Hunter  may,  at its option and at any time,
retire  the  promissory  notes  with  stock or cash.  Magnum  Hunter  funded the
acquisition by drawing on its revolving line of credit with its lenders.

     Dallas  based NGTS is a four year old  natural  gas  marketing  and trading
company with operations  concentrated in the western  two-thirds of the country.
In fiscal 1996,  NGTS reported  audited  pre-tax income of $2.3 million on total
revenues of $154.9  million.  For the nine months ended September 30, 1997, NGTS
reported unaudited pre-tax income of $2.2 million on revenues of $131.4 million.
NGTS is presently marketing  approximately 280 million cubic feet of natural gas
per day. As of December 1, 1997, Magnum Hunter and its gas gathering subsidiary,
Hunter Gas  Gathering,  Inc.,  has dedicated its natural gas production to NGTS,
LLC for marketing.



Item 7.   Financial Statements and Exhibits.

          (a)      Financial Statements of Business Acquired

     It is impractible at this time to file the required financial statements of
the acquired business. The Registrant,  however,  believes that such information
will be filed within 45 days and hereby  undertakes to file such  information as
soon as practicable, but in no event later than 60 days from January 1, 1998.

         (b)       Pro Forma Financial Information

     It is  impractible  at this time to file the required  pro forma  financial
information relative to the acquired business. The Registrant, however, believes
that such information will be filed within 45 days and hereby undertakes to file
such information as soon as practicible, but in no event later than 60 days from
January 1, 1998.

        (c)        Exhibits

       2.1     Purchase and Sale Agreement between the Registrant and NGTS dated
December 17, 1997.



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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/ Chris Tong
                                                BY:____________________________
                                                    Chris Tong
                                                    Sr. Vice President and
                                                    Chief Financial Officer

                                                   
Dated:   December 29, 1997