| Grizzly Energy, LLC Announces Appointment of Steve W. Herod as Chief Executive Officer |
 
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HOUSTON – February 5, 2020 - Grizzly Energy, LLC (“Grizzly” or the “Company”) announced the appointment
of Steve W. Herod as Chief Executive Officer of the Company, effective February 3, 2020. Mr. Herod was a cofounder and Executive Vice President - Corporate Development of Halcon Resources Corporation from 2012 to 2019.
Additionally, he was a co-founder and Executive Vice President - Corporate Development of Petrohawk Energy
Corporation from 2003 until Petrohawk’s sale to BHP Billiton in 2011. Mr. Herod served as Executive Vice President
– Corporate Development for 3TEC Energy Corporation from 1999 to 2003 and served as President of Shore Oil
Company from 1992 until the merger of Shore with 3TEC in 1997. From 1984 to 1991, he was with Conquest
Exploration Company in various financial management positions. Mr. Herod began his career in 1981 as a financial
analyst with Superior Oil Company and has a Bachelor of Science degree in Finance and Management from
Oklahoma State University.
Patrick J. Bartels, Jr., Chairman of the Board, stated “On behalf of the entire Board, we welcome Steve to the Grizzly management team and look forward to working together as we continue to execute our business plans in the coming year. Steve brings a diverse skill set of oil and gas leadership and transactional experience to the Company.” About Grizzly Energy, LLC Grizzly Energy is a US onshore energy company. Our primary focus is on operating and investing in high quality, long-lived producing properties predominantly in the Rockies, Permian and Midcontinent. By coring up around established basins, we deeply understand our basins and operating environments. This knowledge allows us to continuously identify low risk capital investments and efficiencies in operating costs. Sharing of best practices across our operations and striving to always improve is central to our culture. Grizzly Energy is committed to creating a stable production portfolio and promoting cash flow throughout mid-cycle pricing. Active portfolio management remains an area of emphasis for delivering our strategy. Also core to our culture is Grizzly’s attention to the wellbeing of our employees, communities and the environment. More information on Grizzly can be found at www.grizzlyenergyllc.com. Forward-Looking Statements We make statements in this news release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. These forward-looking statements are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. In addition, management's assumptions about future events may prove to be inaccurate. Management cautions all readers that the forward-looking statements contained in this news release are not guarantees of future performance, and we cannot assure you that such statements will be realized or the forward-looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to factors listed in the “Risk Factors” section in our SEC filings and elsewhere in those filings. All forward-looking statements speak only as of the date of this news release. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise. SOURCE: Grizzly Energy, LLC
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| 2/5/2020 3:15:00 PM |