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Approach Resources, Inc. ( NYSE: AREX )
Permitting Activity
November 04,2019 : Approach Resources, Inc. Permitted the UNIVERSITY 45 2337HC Horizontal well in Crockett,TX : Midland BasinNovember 01,2019 : Approach Resources, Inc. Permitted the UNIVERSITY 45 2333HB Horizontal well in Crockett,TX : Midland BasinOctober 28,2019 : Approach Resources, Inc. Permitted the UNIVERSITY 45 815HC Horizontal well in Crockett,TX : Midland BasinOctober 28,2019 : Approach Resources, Inc. Permitted the UNIVERSITY 45 817HB Horizontal well in Crockett,TX : Midland BasinOctober 16,2019 : Approach Resources, Inc. Permitted the PANGEA WEST 218HA Horizontal well in Crockett,TX : Midland Basin Click here for More Permits ActivityCompletion Activity / Well Results
October 25,2021 : Approach Resources, Inc. completed the PANGEA WEST 200HA well in Crockett,TX . The Well flowed 544 boe/d which consists of 489 Oil BOPD and 0.318 MMcf of gas on a 7,383 foot lateral .August 16,2021 : Approach Resources, Inc. completed the UNIVERSITY 50 CE 632HA well in Crockett,TX using Acid Frac. The Well flowed 292 boe/d which consists of 252 Oil BOPD and 0.234 MMcf of gas on a 5,834 foot lateral .April 13,2020 : Approach Resources, Inc. completed the UNIVERSITY 45 2901 well in Crockett,TX. The Well flowed 0.006 MMcf of gas .April 08,2020 : Approach Resources, Inc. completed the UNIVERSITY 42 2304 well in Crockett,TX. The Well flowed 0.03 MMcf of gas .February 26,2020 : Approach Resources, Inc. completed the UNIVERSITY 50 CD 631HA well in Crockett,TX . The Well flowed 383 boe/d which consists of 324 Oil BOPD and 0.346 MMcf of gas on a 4,802 foot lateral . Click here for More Completion ActivityLatest News & Activity
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Zarvona Acquires Approach Resource's Assets September 08,2020
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Permian E&P Deal Collapses as Buyer Walk AwayApril 06,2020
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CANCELLED : Alpine Energy Capital Acquires Approach ResourcesFebruary 04,2020
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Midland Basin Operator Files for BankruptcyNovember 18,2019
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Approach Resources Focuses on Strategic Alternatives in 2Q19August 09,2019
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Approach Resources Top Executives Resign in Major Managment ShuffleApril 10,2019
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Approach's Output to Decline for Third Straight Year as D&C Ops DeferredMarch 20,2019
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Approach Resources' Borrowing Base Reaffirmed at $325 MillionDecember 11,2018
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Approach Defers Completion in Q3; Will Spend Less than Expected in 2018November 14,2018
Deals - Approach Resources, Inc. Acquisitions
Announce Date | Price($MM) | Region/Basin | Headline | |
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Nov-01-2017 | Permian - Midland Basin | PE Backed-E&P Sells 35,000 Permian Acres | ||
Mar-06-2011 | Permian | Approach Resources Buys Interest in Cinco Terry | ||
Jan-27-2011 | Permian | Approach Acquires 10,900 Net Acres in Crockett County | ||
Total |
Deals - Approach Resources, Inc. Divestiture(s)
Announce Date | Price($MM) | Region/Basin | Headline | |
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Sep-08-2020 | Permian - Midland Basin | Zarvona Acquires Approach Resource's Assets | ||
Sep-19-2013 | Permian - Midland Basin | JP Energy Services Acquires Permian Midstream Assets | ||
Total |
Capital Raised
Announced Date | Amount($MM) | Type | Headline | |
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Sep-25-2015 | Debt | Approach Resources Maintains $450MM Borrowing Base | ||
Total |
About
Approach Resources Inc, an independent energy company, engages in the acquisition, exploration, development, and production of oil and gas properties in the United States The company primarily holds interests in properties located in the Permian Basin in West Texas, as well as in the East Texas Basin Approach Resources Inc was incorporated in 2002 and is headquartered in Fort Worth, Texas
6500 West Freeway
One Ridgmar Centre
Fort Worth TX 76116
One Ridgmar Centre
Fort Worth TX 76116
Phone Number
817 989 9000
Latest Presentations More Presentations>>
Key Slides found in this Presentation
Capital & Finance
Hedging
Capital Expenditures
Net Debt
Debt
Operating Costs (LOE)
Data & Charts
Pie Chart
Land & Legal
Acreage & Land
Locations/Inventory
Portfolio & Operations
Proved Reserves
Reserves
Capital & Finance
Hedging
Capital Expenditures
Net Debt
Debt
Operating Costs (LOE)
Data & Charts
Pie Chart
Land & Legal
Acreage & Land
Locations/Inventory
Portfolio & Operations
Proved Reserves
Reserves
Drilling Activity (
Jan 2017 - Mar 2024)
Basin |
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MIDLAND BASIN |
Personnel (3 people)
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EVP - Business Development & Geosciences
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EVP - Business Development & Geosciences
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EVP-Land
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EVP-Land
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EVP&CFO;
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EVP&CFO;
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Frist Name | Last Name | Title | Phone | |
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Qingming | Yang | EVP - Business Development & Geosciences | qyang@approach resources.com | 817-989-9000 |
Ralph | Manoushagian | EVP-Land | ralphm@approach resources.com | 817-989-9000 |
Steven | Smart | EVP&CFO; | ssmart@approach resources.com | 817-989-9000 |
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- Permian E&P Deal Collapses as Buyer Walks Away
April 06,2020
- Midland Basin Operator Files for Bankruptcy
November 18,2019
Approach Resources Focuses on Strategic Alternatives in 2Q19
August 09,2019
Company Divestiture
Announce Date | Buyer | $MM | Type | Play/Location | Details |
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Sep-08-2020 | Asset | Midland Basin | |||
Sep-19-2013 | Asset | Midland Basin |
Company Acquisitions
Announce Date | Seller | $MM | Type | Play/Location | Details |
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Nov-01-2017 | Property | Midland Basin | |||
Mar-06-2011 | Corporate | Midland Basin-Wolfcamp,Wolfcamp Shale | |||
Jan-27-2011 | Property | Midland Basin-Wolfcamp |
No Results found
Approach Ramps Up Production 47% YOY; Talks 4Q
February 12,2015
Estimated fourth quarter 2014 production totaled 1,390 MBoe (15.1 MBoe/d).
The Permian in 2015: 10 Companies to Drill ~1,460 Wells
February 08,2015
Part III of our feature series is focused on the Permian Basin. The ten companies below are planning to drill up to a combined 1,446 wells in 2015.
Approach Axes Budget for 2015; Oil Projects Hedged 64%
December 16,2014
Approach’s Chairman and CEO Ross Craft commented, "We believe Approach is very well-positioned to endure a period of low crude oil prices, given our peer-leading drilling and completion costs."
Approach's Wolfcamp Wells Average 746 BOE/d; Guidance Increased
November 06,2014
Wells completed since our last operations update targeting the Wolfcamp B and C zones produced an average initial 24-hour rate of 746 Boe/d.
Approach's Wolfcamp Ops Fuel Record Production, Revenue
August 04,2014
Production was 1,286 MBoe, or 14.1 MBoe/d, a 58% increase over the prior-year quarter and a 19% increase over first quarter 2014.
A Tale of Two Wolfcamps: Delaware and Midland Basins
July 02,2014
Different ways the Wolfcamp is exploited in the two Basins.
Approach Multi-Bench Wolfcamp Well Flows 928 BOE/d (80% Oil)
February 25,2014
The Wolfcamp C bench well flowed at an initial 24-hour rate of 970 Boe/d (81% oil). The Wolfcamp B bench wells flowed at initial 24-hour rates of 928 Boe/d (70% oil) and 843 Boe/d (49% oil), respectively.
Approach Unveils $400 Million 2014 Midland Wolfcamp CapEx;
February 13,2014
The Company’s capital budget for 2014 is $400 million and includes approximately $385 million for ..
Permian Basin - How to Reduce Your Well Cost
January 29,2014
This Permian Basin operator provided a revealed a few tips on how reduce well cost without affecting production.
Permian Basin Wells to Watch: Cline, Spraberry and Wolfcamp
January 17,2014
In our second installment of wells to watch, we are focusing on the Midland Basin.
Approach Tags 20% Drop in Well Costs; Outlines Wolfcamp Results
November 08,2013
Approach also noted that drilling days are consistently ranging between 10 and 14 days, a 30% decline.
Approach: Wolfcamp Wells, Infrastructure Growth Key to Q2 Success
August 02,2013
J. Ross Craft, the Company’s President and CEO, commented, "Our investment in infrastructure projects continues to have a positive impact on our bottom line."
Approach's Wolfcamp Activity Lifts Production 15%
May 03,2013
"We plan to continue testing multi-bench development in Project Pangea, including testing optimal well spacing and drilling pattern, to maximize recoveries, efficiencies and savings," said J. Ross Craft, President & CEO.
Approach Resources' Wolfcamp Well Flows 843 Boe/d
May 03,2013
Approach currently has three horizontal rigs drilling in Project Pangea, and its program for testing multi-bench development is underway.
Approach Adds 100 MBOE to Q1 Production
April 15,2013
Estimated production for first quarter 2013 was 41% oil, 28% NGLs and 31% natural gas, compared to 29% oil, 33% NGLs and 38% natural gas in first quarter 2012.
Approach Expands HZ Wolfcamp Drilling Locations by 300%
February 22,2013
J. Ross Craft, Approach’s President and Chief Executive Officer, commented, "Growing our proved reserves by 24% in 2012 and doubling our oil reserves highlights the tremendous opportunity we have in the Wolfcamp oil shale resource play."
Approach Resources Reports Wolfcamp 3Q 2012 Results
November 09,2012
Third quarter 2012 production totaled 747 MBoe (8.1 MBoe/d), compared to 612 MBoe (6.7 MBoe/d) produced in third quarter 2011, a 22% increase. Third quarter 2012 production also increased 7% over second quarter 2012 production of 702 MBoe (7.7 MBoe/d).…
Approach Reported 22% Growth In 3Q Production to 747Mboe
October 29,2012
Third Quarter 2012 Production
Estimated third quarter 2012 production totaled 747 MBoe (8.1 MBoe/d), compared to 612 MBoe (6.7 MBoe/d) produced in third quarter 2011, a 22% increase. Estimated third quarter 2012 production also increased 7% over second quarter 2012…