Operator · Permian Basin
Approach Resources, Inc.
67 articles mentioning Approach Resources, Inc. · Page 1 of 4
Permian E&P Deal Collapses as Buyer Walks Away
Bankrupt Approach Resources Inc. is grappling with mounting pressure as Alpine Energy Acquisitions LLC looks to renig on its proposed $192.5 million acquisition of the company, according to a report by The Wall Street Journal. Approach...
Midland Basin Operator Files for Bankruptcy
Approach Resources Inc. has filed for bankruptcy. The process will explore strategic alternatives, including, without limitation, the restructuring of its balance sheet or the sale of its business as a going concern, in a court-supervised process....
Approach Resources Focuses on Strategic Alternatives in 2Q19
Approach Resources Inc. reported second quarter 2019 financial and operational results. Financial and operational results for second quarter 2019: Production of 875 MBoe or 9.6 MBoe/day Net loss was $13.6 million or $0.15 per diluted share,...
Approach Resources Top Executives Resign in Major Managment Shuffle
Approach Resources Inc. reported a major shuffle of leadership at the company which will result in the departure of the CEO, COO and CAO. CEO Resigns; CFO Takes Helm The company announced that Sergei Krylov, who...
Approach's Output to Decline for Third Straight Year as D&C Ops Deferred
Approach Resources has detailed its 2019 capital plan. In its Q4 conference call, the company noted that it will be deferring D&C activity until commodity prices rebound: "Considering the current Waha natural gas price discount and...
Approach Resources' Borrowing Base Reaffirmed at $325 Million
Approach Resources reported that its borrowing base was unanimously reaffirmed by the bank group at $325 million. The bank group redetermines the borrowing base semiannually using the banks' estimates of reserves and future oil and gas...
Approach Defers Completion in Q3; Will Spend Less than Expected in 2018
Approach Resources reported third quarter 2018 financial and operational results. Defers Q3 Completions; Capex Will be -21% Below Midpoint of Original Budget - Q3 Production of 1,043 MBoe or 11.3 MBoe/day - flat YOY and from...
Approach's Production Remains Stagnant in Q2; Only One Rig Running for 2H18
Approach Resources reported its Q2 2018 results. Production Still Down YOY - Q2 production of 11.6 MBOEPD (up +2% from 1Q18 and down -3% YOY) - Revenues of $30.3 million, a 21% increase over the prior...
Approach is a Ticking Time Bomb
Approach today reported its 2Q 18 Results and something caught our attention. Realized prices average $65 for Oil, 23.49 for NGL and $1.40 for Gas. The company generated revenues of $30.2 million but what really looked...
Approach's Output Remains Flat from Prior Year at 11.3 MBOEPD; Talks Drilling Ops
Approach Resources reported its Q1 2018 results. Highlights: - Met quarterly production guidance with 11.3 MBoe/d (flat from 4Q17 and YOY) increased daily crude oil production 3% over prior quarter - Revenues of $28.8 million, a...
Approach Ups Capex +25% for 2018; Talks 2017 Drilling, Production
Approach Resources has detailed its 2018 capital budget and guidance as well as its 2017 results. The company also detailed its latest Midland Basin drilling activity (Wolfcamp).
Approach's Borrowing Base Reaffirmed at $325MM
Approach Resources' borrowing base has been reaffirmed at $325 million. The next borrowing base redetermination is scheduled to occur around April 2018.
Approach's Q3 Wells Outperform 700 MBOE Type Curve
Approach reported its Q3 2017 results. Highlights from its release / call include: Produced 11.5 MBoe/d, despite negative impact of 500 Boe/d from Hurricane Harvey New Completion Design: Approach touted strong well results from two new...
Permian Basin Top Performers : Well Productivity : 6 Month Oil Production
Today in Charts. By popular demand, a lot has been said about who has been producing some of the best well results in the midland basin. We decided to take a look not just at the...
Approach Focuses on Wolfcamp Drilling in Q2; Tags 1,080 MBOE in Production
Approach reported its Q2 2017 results. Highlights include: Production for second quarter 2017 totaled 1,080 MBoe (11.9 MBoe/d), made up of 26% oil, 35% NGLs and 39% natural gas. Focus on Wolfcamp Drilling Q2 Drilling: Drilled...
Approach Ups Spending 200% for 2017; Production Continues to Fall
Approach Resources detailed its 2017 guidance as well as its Q4 2016 results.
Approach Resources Names New President
Qingming Yang has been leading Approach's operations group as Chief Operating Officer since 2012.
Approach Swaps Debt for Equity
In connection with the Exchange Agreement, Approach has appointed three Wilks' designees to the Board of Directors of the Company, Matthew R. Kahn, Morgan D. Neff and Matthew D. Wilks.
Approach Resources' Borrowing Base Reaffirmed at $325MM
Approach Resources has completed its fall 2016 semiannual borrowing base redetermination of its revolving credit facility.
Approach's Average IP Rates Fall 13% YOY Despite Longer Laterals
Approach Resources reported results for third quarter 2016.