What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
(-23) Pilot departed vny enroute to las, just after leveling off at 7500' and making a small power adjustment for cruise he experienced total power loss with severe vibration. He set up a glide to Palmdale airport and landeed on runway 25 without further incident. Once out of the aircraft he saw large amounts of oil on the right wing and under the cowl. It was later determined that the #2 exhaust valve broke and the majority of it was sucked into the cylinder. The engine sustained major damage internally.
As the FAA filed it
(-23) PILOT DEPARTED VNY ENROUTE TO LAS, JUST AFTER LEVELING OFF AT 7500' AND MAKING A SMALL POWER ADJUSTMENT FOR CRUISE HE EXPERIENCED TOTAL POWER LOSS WITH SEVERE VIBRATION. HE SET UP A GLIDE TO PALMDALE AIRPORT AND LANDEED ON RUNWAY 25 WITHOUT FURTHER INCIDENT. ONCE OUT OF THE AIRCRAFT HE SAW LARGE AMOUNTS OF OIL ON THE RIGHT WING AND UNDER THE COWL. IT WAS LATER DETERMINED THAT THE #2 EXHAUST VALVE BROKE AND THE MAJORITY OF IT WAS SUCKED INTO THE CYLINDER. THE ENGINE SUSTAINED MAJOR DAMAGE INTERNALLY.