On September 26, 2019, the Board of Directors of Approach Resources Inc. approved certain role and title changes among the company's executive management team, effective immediately. Mr. Sergei Krylov, previously serving as Chief Financial Officer in addition to Chief Executive Officer, relinquished his duties as Chief Financial Officer in connection with the appointment of Mr. Ian Shaw as described on September 26, 2019 and now serves as President and Chief Executive Officer of the Company. Mr. Troy Hoefer, whose title previously was Senior Vice President – Engineering, now serves as Executive Vice President – Operations.

Mr. Joshua Dazey, whose title previously was Vice President, General Counsel and Secretary, now serves as Executive Vice President – Legal and Secretary. On September 26, 2019, the Board appointed Mr. Shaw to serve as Executive Vice President – Finance and Accounting, effective immediately. Mr. Shaw will continue to perform the functions of the company's principal accounting officer and will also assume the additional functions and duties of the Company's principal financial officer.