PostRock Acquires Oklahoma Properties

PostRock Acquires Oklahoma Properties

OKLAHOMA CITY, Oct. 15, 2013 (GLOBE NEWSWIRE) -- PostRock Energy Corporation
(Nasdaq:PSTR) today announced that it was acquiring approximately 22,000 net
acres of leasehold in Pottawatomie, Cleveland and McCain Counties in central
Oklahoma. The properties are being purchased for $10 million, including $3.0
million of cash and $7.0 million of PostRock common stock. Approximately 9,000
of the 22,000 net acres are held by production.Currently, production
approximates 50 net barrels of oil equivalent ("BOE") per day from a variety
of formations.Producing depths range from 3,000 to 6,000 feet.Closing is
expected within 30 days, with an effective date of July 1, 2013.

PostRock estimates that the net proved reserves being acquired total 574,000
BOE, of which 95% is oil and 60% is classified developed. On that basis,
acquisition cost equates to $17 per BOE of proved reserves.The Company
believes there is significant potential to develop additional reserves in
multiple reservoirs. The most significant is the Woodford, a formation which
is believed to range from 200 feet to 300 feet in thickness at depths of 4,500
feet to 6,500 feet across the entirety of the acreage.

Commenting, Terry W. Carter, President and Chief Executive Officer of the
Company, said: "This transaction is an important step in our effort to add oil
reserves and development opportunities in central Oklahoma.The acquisition
brings our leasehold position in this area to more than 34,000 net acres.It
adds production, proved reserves and meaningful upside potential from
historically productive reservoirs as well as significant upside potential
from the Woodford.With this acquisition, we believe we could have as many as
200 potential drilling locations with exposure to more than 10 million BOE's
of recoverable reserves.Importantly, the sellers' willingness to become major
stockholders in the Company through the transaction is a significant third
party endorsement of how far the Company has come."

PostRock Energy Corporation is engaged in the acquisition, exploration,
development and production of oil and natural gas, primarily in the Cherokee
Basin of Kansas and Oklahoma. The Company owns and operates over 3,000 wells
and nearly 2,200 miles of gas gathering lines in the Basin. It also owns and
operates oil producing properties in central Oklahoma and minor oil and gas
producing properties in the Appalachian Basin.

Forward-Looking Statements

Opinions, forecasts, projections or statements, other than statements of
historical fact, are forward-looking statements that involve risks and
uncertainties. Forward-looking statements in this announcement are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to be correct. Actual results may
differ materially due to a variety of factors, some of which may not be
foreseen by PostRock. These risks and other risks are detailed in the
Company's filings with the Securities and Exchange Commission, including risk
factors listed in the Company's Annual Report on Form 10-K and other filings
with the SEC. The Company's filings with the SEC may be found at
or By making these forward-looking statements, the Company
undertakes no obligation to update these statements for revisions or changes
after the date of this release.

CONTACT: David J. Klvac
         EVP & Chief Financial Officer
         (405) 815-4304

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