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Actionable news in WRES: Warren Resources, Inc.,

Departure of Directors or Certain

Retention Agreements

) with each of Mr.Stewart Skelly, Vice President and CFO, Mr.Jeffrey Keeler, Vice President of Corporate Development, and Ms.Saema Somalya, Senior Vice President, General Counsel and Corporate Secretary, who collectively comprise the named executive officers located in the Companys New York City office (the

Retained NYC Officers

). The Company entered into these Retention Agreements in order to retain and incentivize these officers to continue providing services to the Company through the transitional period between relocation of the corporate headquarters from New York City to Denver and closure of the New York office, which is anticipated to occur on or about March31, 2016.

The Retention Agreements provide for payment of certain benefits in the event that the relevant officer remains employed with the Company through a specified retention date. In the cases of Mr.Skelly and Ms.Somalya, the specified retention date is March31, 2016 and, in the case of Mr.Keeler, the specified retention date is December31, 2015.

In the cases of...