Approach Resources Inc. (NASDAQ: AREX) (“Approach” or the “Company”) today announced an agreement to substantially reduce the Company’s long-term debt through exchange transactions anchored by a proven oil and gas industry operator and investor (the “Transactions”). The Transactions were unanimously [...]
Approach Resources Inc. (NASDAQ: AREX) today reported results for third quarter 2016. Highlights for third quarter 2016 include: Production was 12.1 MBoe/d, exceeding prior guidance for the quarter Record low quarterly lease operating expense (LOE) was $3.49 per Boe Third quarter well costs were below $3.5 million Average initial production (IP [...]
Approach Resources Inc. (NASDAQ: AREX) will host a conference call on Thursday, November 3, 2016, at 10:00 AM CT (11:00 AM ET) to discuss third quarter 2016 financial and operating results. The Company plans to announce third quarter 2016 results on Wednesday, November 2, 2016, after close of trading. The conference call may be accessed via the [...]
Approach Resources Inc. (NASDAQ: AREX) today reported results for second quarter 2016. Highlights for second quarter 2016 include: Average initial production (IP) for two wells completed late second quarter was 861 Boe/d (59% oil and 82% liquids), or 987 Boe/d when normalized to a 7,500’ lateral Production was 12.6 MBoe/d, exceeding prior [...]
Approach Resources Inc. (NASDAQ: AREX) will host a conference call on Thursday, August 4, 2016, at 10:00 AM CT (11:00 AM ET) to discuss second quarter 2016 financial and operating results. The Company plans to announce second quarter 2016 results on Wednesday, August 3, 2016, after close of trading. The conference call may be accessed via the [...]
Approach Resources Inc. (NASDAQ: AREX) today announced that the Company will participate in one-on-one investor meetings at the Wells Fargo West Coast Energy Conference on Tuesday, June 21, 2016. Additionally, the Company will participate in EnerCom’s The Oil & Gas Conference® 21. Approach’s Chairman, Chief Executive Officer and [...]
Approach Resources Inc. (NASDAQ: AREX) today reported results for first quarter 2016. Highlights for first quarter 2016 include: Production was 12.8 MBoe/d, a 10% decrease from the prior-year quarter Revenues totaled $17.6 million, EBITDAX (non-GAAP) was $8.7 million Adjusted net loss (non-GAAP) was $13.0 million, or $0.32 per diluted share [...]
Approach Resources Inc. (NASDAQ: AREX) will host a conference call on Thursday, May 5, 2016, at 10:00 AM CT (11:00 AM ET) to discuss first quarter 2016 financial and operating results. The Company plans to announce first quarter 2016 results on Wednesday, May 4, 2016, after close of trading. The conference call may be accessed via the [...]
Approach Resources Inc. (NASDAQ: AREX) today announced that Approach’s Chairman, Chief Executive Officer and President J. Ross Craft will present at the Scotia Howard Weil 44th Annual Energy Conference on Wednesday, March 23, 2016, at 10:20 AM CT. Presentations from this conference are not being webcast; however, the presentation slides will [...]
Approach Resources Inc. (NASDAQ:AREX) today reported results for fourth quarter and full-year 2015 and estimated 2015 proved reserves. Balance Sheet Highlights No capital expenditures in the fourth quarter allowed for free cash flow and debt reduction Reduced current liabilities from $45.2 million at 9/30/15 to $28.5 million at 12/31/15 Reduced [...]
Approach Resources Inc. (NASDAQ: AREX) will host a conference call on Friday, March 4, 2016, at 9:00 AM CT (10:00 AM ET) to discuss fourth quarter and full-year 2015 financial and operating results. The Company plans to announce fourth quarter and full-year 2015 financial and operational results on Thursday, March 3, 2016, after close of trading [...]
Approach Resources Inc. (NASDAQ: AREX) today reported results for third quarter 2015. Highlights for third quarter 2015 include: Record quarterly production of 1,525 MBoe, or 16.6 MBoe/d, a 17% increase over the prior-year quarter and a 10% increase over second quarter 2015 EBITDAX was $30.7 million, or $0.76 per diluted share Revenues totaled [...]
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