Approach Resources Inc. (NASDAQ: AREX) (“Approach” or the “Company”) today announced its capital budget plans for 2015. Announced highlights include: Estimated capital spending of $180 million in 2015 Projected year-over-year production growth of 10% to 14% in 2015 Estimated operating cash flow to exceed capital expenditures by 4Q 2015 New [...]
Approach Resources Inc. (NASDAQ: AREX) (“Approach” or the “Company”) today announced that J. Ross Craft, the Company’s President and Chief Executive Officer, has been appointed to the additional position of Chairman of the Board of Directors (“Board”) following yesterday’s Board meeting. Mr. Craft is a founder of the Company and has served on [...]
Approach Resources Inc. (NASDAQ: AREX) (“Approach” or the “Company”) today reported results for third quarter 2014. Highlights for third quarter 2014 include: Production was 1,306 MBoe, or 14.2 MBoe/d, a 61% increase over the prior-year quarter Revenues were $68.1 million, a 54% increase over the prior-year quarter Net income was $22.4 [...]
Approach Resources Inc. (NASDAQ: AREX) (the “Company”) will host a conference call on Thursday, November 6, 2014, at 10:00 AM CT (11:00 AM ET) to discuss third quarter 2014 financial and operating results. The Company plans to announce third quarter 2014 results on Wednesday, November 5, 2014, after close of trading. The conference call may be [...]
Approach Resources Inc. (NASDAQ: AREX) today reported results for second quarter 2014. Highlights for second quarter 2014 include: 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 Revenues were $73.4 million, a 74% increase over the prior-year quarter Net income [...]
Approach Resources Inc. (NASDAQ: AREX) will host a conference call on Tuesday, August 5, 2014, at 9:00 AM CT (10:00 AM ET) to discuss second quarter 2014 financial and operating results. The Company plans to announce second quarter 2014 results on Monday, August 4, 2014, 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 RBC Capital Markets’ 2014 Global Energy and Power Conference on Tuesday, June 3, 2014, at 1:05 PM ET. The Company will also participate in Bank of America Merrill Lynch’s Global Energy and Power Leveraged Finance Conference on Wednesday, June 4, 2014, at [...]
Approach Resources Inc. (NASDAQ: AREX) today announced that J. Ross Craft, President and Chief Executive Officer, will present at Hart Energy’s DUG Permian Basin Conference on Wednesday, May 21, 2014, at 1:45 PM CT. The presentation slides will be available under the “Investor Relations – Presentations” section of the Company’s website at [...]
Approach Resources Inc. (NASDAQ: AREX) today announced that John L. Harris has been named to the position of Vice President – Land. Mr. Harris assumes the position following the retirement of Ralph P. Manoushagian, who has been with the Company since 2004 and has served as Executive Vice President – Land since 2008. Mr. Harris brings more than 18 [...]
Approach Resources Inc. (NASDAQ: AREX) today announced that Uma L. Datla has been promoted to the position of Chief Accounting Officer, effective May 6, 2014. Uma L. Datla, Chief Accounting Officer Approach Resources Inc. (Photo: Business Wire) Ms. Datla joined Approach in August 2013 as Director of Financial Reporting. Previously, Ms. Datla [...]
Approach Resources Inc. (NASDAQ: AREX) today reported results for first quarter 2014. Highlights for first quarter 2014 include: Production was 11.9 MBoe/d, a 42% increase over the prior-year quarter Revenues were $61.9 million, a 71% increase over the prior-year quarter Net income was $2.9 million, or $0.08 per diluted share Adjusted net [...]
Approach Resources Inc. (NASDAQ: AREX) will host a conference call on Friday, May 9, 2014, at 10:00 AM CT (11:00 AM ET) to discuss first quarter 2014 financial and operating results. The Company plans to announce first quarter 2014 results on Thursday, May 8, 2014, after close of trading. The conference call may be accessed via the Company’s [...]
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