Operational Updates | Drilling & Completions | Drilling / Well Results | Top Story
Approach Highlights Wolfcamp Ops, IP Rates
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Approach Resources Inc. reported estimated production for full year and fourth quarter 2012 and provided an operations update. Highlights compared to the prior-year period include:
2012 Production up 24% to 7.9 MBoe/d 2012 Oil production up 101% to 969 MBbls Fourth quarter 2012 production up 21% to 8.5 MBoe/d Fourth quarter 2012 oil production up 75% to 299 MBbls Estimated Full Year and Fourth Quarter 2012 ProductionEstimated 2012 production totaled 2,888 MBoe (7.9 MBoe/d), up 24% from 2011. Oil production for 2012 increased 101% compared to 2011. Estimated production for 2012 was of 34% oil, 31% NGLs and 35% natural gas, compared to 21% oil, 34% NGLs and 45% natural gas in 2011.
Estimated fourth quarter 2012 production totaled 784 MBoe (8.5 MBoe/d), up 21% from the same period in 2011…
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