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Approach Outlines Drilling Plans for 2016; Reports 4Q15 Results
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Approach Resources Inc. reported results for fourth quarter and full-year 2015 and estimated 2015 proved reserves.
2016 Plans Capital Expenditure: $20 million Wells Plan To Drill : 6 net wells Wells Plan to Complete : 5 net wells 2016 GuidanceThe table below sets forth the Company’s production and operating costs and expenses guidance for 2016 under a $20 million capital budget scenario. Under this plan, we would drill six and complete five wells, with the flexibility to increase or decrease the number of drilled and completed wells depending on market conditions.
The table below illustrates potential activity levels and production forecasts under various capital budget scenarios.
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