Rex Names New CEO

Rex announced the appointment of Daniel J. Churay as its President and Chief Executive Officer.

Lance Shaner, Chairman of the Board and Interim Chief Executive Officer of Rex Energy, commented, "We are extremely pleased to welcome Dan to his new role with Rex Energy. Dan's 20 years of experience dealing with the oil and gas industry, his capital markets knowledge and the leadership positions he has held with Fortune 500 companies will be of great benefit to the continuing development of Rex Energy."

Mr. Churay stated, "In this new role, I am looking forward to working directly with the company's experienced operational management team to grow and develop its core oil and gas assets in each of our three basins."

Mr. Churay has served as a director of the company since 2007, including as Chairman of the Compensation Committee. He has also served on the Audit and Governance Committees of the Board. He will remain a member of the board.

Mr. Churay began his career with Fulbright & Jaworski LLP advising clients in the oil and gas industry. He then served as Deputy General Counsel and Assistant Secretary of Baker Hughes Incorporated. For the past eight years, Mr. Churay has served as Executive Vice President, General Counsel and Secretary of YRC Worldwide. He has also been a director of JHJ International Transportation and Shanghai Jiayu Logistics, two Shanghai based logistics companies.

Mr. Churay earned his B.A. in Economics from the University of Texas in 1985 and his J.D. from the University of Houston in 1989. He will spend the next 30 days transitioning out of his current position and meeting with employees, investors and other Rex Energy stakeholders. He will begin his full-time service with Rex Energy on December 1, 2010.