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People -- John K. Reinhart

Appalachian pure-playMagnum Hunter Resources Corp. has hired John K. Reinhart to serve as CEO. Magnum emerged from bankruptcy in May after a federal court approved a deal with lenders to wipe out $1 billion in debt (see Shale DailyMay 11). Reinhart, 47, takes the place of Gary Evans, who was ousted during the bankruptcy. Prior to joining Magnum, Reinhart served as COO of Ascent Resources LLC. Evans has since founded Energy Hunter Resources Inc. (see Shale DailyJuly 15). 

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