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Eureka Hunter Pipeline LLC, a majority-owned subsidiary of Magnum Hunter Resources Corporation, has appointed Christopher T. Akers as Executive Vice President and Chief Operating Officer (COO) effective April 8, 2014.
Mr. Akers, age 48, will report to Gary C. Evans, Chairman & CEO of Eureka Hunter.
Mr. Akers brings more than 25 years of pipeline experience, including operations, engineering, project management and construction, primarily within the midstream industry located in Appalachia. Prior to joining Magnum Hunter, Mr. Akers served as Vice President of Team Environmental LLC since 2013. He previously served as Vice President Operations and Director of Gas Control and Commercial groups at EQT Corporation, from 2001 to 2013. During his tenure at EQT Corporation, Mr. Akers was a key member in the expansion of several hundred miles of pipeline, over 30 new compressor stations and two processing facilities. He was a key contributor on mergers and acquisitions and helped develop the strategic plans which focused on cost reduction, increasing throughput and risk/safety management. Prior to joining EQT Corporation, Mr. Akers served in various engineering, operations and gas control roles at Dominion Transmission from 1991 to 2001 and Union Carbide from 1989 to 1991. He has served on the board of West Virginia Oil and Natural Gas Association and chairman of the Midstream group of SGA. Mr. Akers earned a Bachelor of Science in Mechanical Engineering from West Virginia Institute of Technology, and a Master of Business Administration from West Virginia Wesleyan.
Mr. Gary C. Evans, Chairman of the Board and Chief Executive Officer of Magnum Hunter Resources, commented, "After an extensive search throughout the market over the past year in our goal to find the right person with the correct credentials, proper background, and extensive operational experience especially in the Appalachian Basin, we believe we have finally accomplished this goal with the hiring of Chris Akers. We continue to significantly expand our scope of operations with the Eureka Hunter Pipeline System since we initiated our first build out in 2010. This pipeline system has now grown to over 100 miles of new 20 inch pipe that is hitting new spot records of throughput volumes almost weekly with a recent peak rate of 200 MMCF per day. With the local contacts and relationships which have been established by Chris Akers throughout his career in this region, we hope to continue to build out the necessary management and operational team required to bring our ultimate objective of 1 BCF per day in deliverability. It is important to note that every molecule of natural gas produced by Magnum Hunter Resources and its subsidiaries currently flow through this pipeline system. We are one of the few that can handle both Marcellus and Utica gas production on both sides of the Ohio River because of our decision to bore under the river one year ago."