PetroShale Inc. announced the appointment of Mr. Gary D. Reaves of First Reserve to the Company's Board of Directors effective May 20, 2020, concurrent with Mr. Brooks Shughart leaving his position on the Board. Mr. Reaves is a Managing Director at First Reserve, a leading global private equity investment firm exclusively focused on energy and PetroShale's long-term capital partner. Mr. Reaves has been with First Reserve since 2006. He also serves as a director for Crestwood Equity GP LLC. Mr. Shughart resigned from First Reserve to pursue other opportunities and the Company thanks him for his valuable contributions and wishes him all the best in the future.