Approach Resources Inc.

Approach Resources Inc. (NASDAQ: AREX) today reported results for fourth quarter and full-year 2013 and estimated 2013 proved reserves. Fourth Quarter 2013 Highlights Production was 11.3 MBoe/d, a 33% increase over the prior-year quarter Revenues were $58.6 million, a 66% increase over the prior-year quarter Net income was $64.3 million [...]

Approach Resources Inc. (NASDAQ: AREX) today reported estimated fourth quarter and full-year 2013 production and provided its 2014 outlook. Fourth Quarter 2013 Highlights Production was 11.3 MBoe/d, a 33% increase over the prior-year quarter Oil production was 475 MBbls, a 59% increase over the prior-year quarter Oil production represented [...]

Approach Resources Inc. (NASDAQ: AREX) today announced that the Company’s Board of Directors appointed Vean J. Gregg III as a new director, effective January 23, 2014. Mr. Gregg has 18 years of experience in oil and gas investment banking with J.P. Morgan Securities LLC. While at J.P. Morgan, Mr. Gregg most recently served as Managing Director [...]

Approach Resources Inc. (NASDAQ: AREX) today announced that the Company will participate in the Goldman Sachs Global Energy Conference 2014 in Miami, Florida, on Wednesday, January 8, 2014. The slide presentation for the event will be available on the Investor Relations section of the Company’s website, www.approachresources.com. Approach [...]

Approach Resources Inc. (NASDAQ: AREX) today announced that Sergei Krylov, Managing Director at J.P. Morgan Securities LLC, has been named to the position of Executive Vice President and Chief Financial Officer. Mr. Krylov will assume the position from Steven P. Smart, who has been with the Company since its inception in 2002, and Chief Financial [...]

Approach Resources Inc. (NASDAQ: AREX) today reported results for third quarter 2013. Highlights include: Production of 8.8 MBoe/d Exit rate production of 11.1 MBoe/d Revenues increased 34% year-over-year to $44.2 million Net income of $0.01 per diluted share Adjusted net income (non-GAAP) of $0.07 per diluted share Record EBITDAX [...]

Approach Resources Inc. (NASDAQ: AREX) plans to announce third quarter 2013 financial and operational results on Thursday, November 7, 2013, after close of trading. Additionally, the Company will host a conference call on Friday, November 8, 2013, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) to discuss financial and operational results for [...]

Approach Resources Inc. (NASDAQ: AREX) (“Approach” or the “Company”) today announced that it, together with its partner in Wildcat Permian Services LLC (“Wildcat”), has completed the previously-announced sale of Wildcat to an affiliate of JP Energy Development LP for $210 million in cash, subject to customary post-closing conditions, adjustments [...]

Approach Resources Inc. (NASDAQ: AREX) today announced that the Company will participate in the Johnson Rice Energy Conference on Monday, September 30, 2013, at 1:05 PM CT. The slide presentation for the event will be available on the Investor Relations section of the Company’s website at www.approachresources.com. Additionally, the live [...]

Approach Resources Inc. (NASDAQ: AREX) (together with its subsidiaries, “Approach” or the “Company”) today announced a definitive agreement to sell its interest in an oil pipeline system in the southern Midland Basin for cash proceeds to Approach of $108 million, before taxes and subject to customary post-closing conditions, adjustments and [...]