On April 16, 2021, William T. Transier and Scott H. Germann, members of the board of directors of Battalion Oil Corporation, notified the Board that they do not intend to stand for re-election at the upcoming Annual Meeting of the Shareholders, which is scheduled to occur June 8, 2021. Mr. Transier currently serves as Chairman of the Board, Chair of the Nominating and Corporate Governance Committee, Chair of the Audit Committee and a member of the Compensation Committee. Mr. Germann currently serves as Chair of the Compensation Committee, member of the Reserves Committee and member of the Audit Committee.