Earthstone Energy, Inc. announced in accordance with the terms of the Merger Agreement, Robert J. Anderson, Frank A. Lodzinski, Frost W. Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Ray Singleton, Douglas E. Swanson, Jr., Brad A. Thielemann, Zachary G. Urban and Robert L. Zorich, such members compromising all of the directors of the Company prior to November 1, 2023 (the Effective Time), resigned as directors of the Company effective as of the Effective Time. None of these resignations were a result of any disagreement with the Company, its management or its board of directors. Also effective as of the Effective Time, Robert J. Anderson ceased to serve as the President of the Company, Mark Lumpkin, Jr. ceased to serve as the Executive Vice President of the Company, Steven C. Collins ceased to serve as Executive Vice President, Chief Operations Officer of the Company, Timothy D. Merrifield ceased to serve as Executive Vice President, Geology and Geophysics of the Company, and Tony Oviedo ceased to serve as Executive Vice President, Accounting and Administration of the Company.