Rex Energy appoints new chief financial officer

25 January 2018

Rex Energy Corporation (the "Company") (NASDAQ:REXX) today announced that it has appointed Curt Walker, the company's current chief accounting officer, to the position of chief financial officer, effective immediately. Mr Walker will be responsible for all financial, accounting and treasury functions, as well as other related duties.

Mr Walker has been the company's chief accounting officer since May 2012. Prior to his promotion, he served as vice- president, accounting, and has been with Rex Energy since 2007. Prior to joining Rex, Mr Walker was with YRC Worldwide, a Fortune 500 trucking and transportation company. Mr. Walker holds a Bachelor of Science degree in Accounting and an M.B.A., both from Shippensburg University.

"Curt has been a key part of the Rex team for over a decade and has been integral in the success of our company. We are very pleased that he has accepted the expanded role and we're confident that he is very qualified for the job," said Tom Stabley, President and Chief Executive Officer.

Thomas Rajan, the Company's previous CFO, has resigned from his position effective immediately. There have been no disagreements with the Board of Directors or with executive management, and Mr. Rajan's departure is not related to any issues regarding financial disclosures, accounting or legal matters. Mr. Stabley commented, "We thank Thomas for his service over the last three years at Rex and wish him the best going forward."

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934.

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