Company Profile

Approach Resources Inc. is an independent energy company. The Company is focused on the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas. The Company's business segment is the exploration and production of oil, natural gas liquids (NGLs) and natural gas. The Company's assets cover an area of approximately 126,000 net acres. Its proved reserves are approximately 166.6 million barrels of oil equivalent. The Company's proved reserves are primarily located in Crockett and Schleicher Counties, Texas. The Company's Permian Basin acreage is known as the Project Pangea. The Company owns and operates approximately 800 producing oil and gas wells in the Permian Basin. The Company, through a joint venture with EnCana Oil & Gas (USA) Inc., holds interests in the approximately 3,000 gross acre project in Limestone and Robertson Counties, Texas, in the East Texas Cotton Valley trend.

Employees

Sector

Oil & Gas Exploration and Production

More about the company

08/03/22	Approach Midstream Holdings LLC Emerged from Bankruptcy	CI
30/09/20	Zarvona III-A, L.P. completed the acquisition Substantially All Assets of Approach Resources Inc and Its Subsidiaries from Approach Resources, Inc. (OTCPK:AREX.Q), Approach Oil and Gas Inc., Approach Resources I, LP, Approach Operating, LLC and Approach Services, LLC.	CI
08/09/20	Zarvona III-A, L.P. entered into an asset purchase agreement to acquire Substantially All Assets of Approach Resources Inc and Its Subsidiaries from Approach Resources, Inc. (OTCPK:AREX.Q), Approach Oil and Gas Inc., Approach Resources I, LP, Approach Operating, LLC and Approach Services, LLC for approximately $120 million.	CI
03/09/20	Alpine Energy Capital, LLC cancelled the acquisition of substantially all assets of Approach Resources, Inc. (OTCPK:AREX.Q), Approach Oil and Gas Inc., Approach Resources I, LP, Approach Operating, LLC and Approach Services, LLC.	CI
07/02/20	Alpine Energy Capital, LLC entered into asset purchase agreement to acquire substantially all assets of Approach Resources, Inc. (OTCPK:AREX.Q), Approach Oil and Gas Inc., Approach Resources I, LP, Approach Operating, LLC and Approach Services, LLC for approximately $190 million.	CI
20/11/19	Approach Resources, Inc. will Change its Ticker to AREX.Q from AREX	CI
19/11/19	Approach Resources, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019	CI
18/11/19	Approach Midstream Holdings LLC Filed for Bankruptcy	CI
18/11/19	Motion for Joint Administration Filed by Approach Midstream Holdings LLC	CI
18/11/19	Motion for Joint Administration Approved for Approach Midstream Holdings LLC	CI
14/11/19	Approach Resources, Inc.(OTCPK:AREX) dropped from S&P TMI Index	CI
13/11/19	Approach Resources, Inc.(OTCPK:AREX) dropped from NASDAQ Composite Index	CI
05/11/19	Approach Resources, Inc. Announces Board Changes	CI

01/01/21	APPROACH RESOURCES INC : Termination of a Material Definitive Agreement, Bankruptcy or Receivership, Material Modification to Rights of Security Holders (form 8-K)	AQ
19/12/20	APPROACH RESOURCES INC : Termination of a Material Definitive Agreement, Bankruptcy or Receivership, Material Modification to Rights of Security Holders, Other Events, Financial Statements and Exhibits (form 8-K)	AQ
02/10/20	APPROACH RESOURCES INC : Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits (form 8-K)	AQ
30/09/20	APPROACH RESOURCES INC : Bankruptcy or Receivership, Change in Directors or Principal Officers (form 8-K)	AQ
08/09/20	APPROACH RESOURCES INC : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)	AQ

Director	Title	Age	Since
Alan Bell BRD	Director/Board Member	80	05/08/2010
Vean Joseph Gregg BRD	Director/Board Member	58	23/01/2014
Matthew R. Kahn BRD	Director/Board Member	66	27/01/2017

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5-day change	1-year change	3-year change	Capi.($)
APPROACH RESOURCES, INC.	+14.29%	+14.29%	-	-	726K
CONOCOPHILLIPS	-1.66%	-4.60%	+62.50%	+18.34%	176B
CANADIAN NATURAL RESOURCES LIMITED	-0.20%	-2.90%	+67.08%	+60.72%	111B
EOG RESOURCES, INC.	-1.72%	-5.20%	+46.61%	+20.61%	82.82B
ADNOC GAS PLC	+0.64%	+1.28%	-9.46%	-3.07%	65.58B
OCCIDENTAL PETROLEUM CORPORATION	-0.48%	-5.68%	+46.67%	-4.49%	60.7B
ONEOK, INC.	-0.63%	-4.59%	+37.22%	+37.94%	58.33B
CENOVUS ENERGY INC.	+0.19%	-7.54%	+81.56%	+60.86%	56.69B
DEVON ENERGY CORPORATION	-2.08%	-7.78%	+46.57%	+0.74%	55.92B
DIAMONDBACK ENERGY, INC.	-3.70%	-7.14%	+34.33%	+17.83%	55.93B
Average	+0.74%	-3.33%	+45.90%	+23.28%	80.36B
Weighted average by Cap.	-0.88%	-3.17%	+49.57%	+24.75%

Approach Resources, Inc. Stock

Stocks

AREXQ

US03834A1034

Oil & Gas Exploration and Production

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