OverviewSuggest Edit

Approach Resources is an independent energy company which 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. 

TypePublic
Founded2002
HQFort Worth, US
Websiteapproachresources.com

Latest Updates

Employees (est.) (Feb 2019)99(+3%)
Revenue (FY, 2018)$114 M(+9%)
Share Price (Nov 2019)$0 (-13%)
Cybersecurity ratingBMore

Key People/Management at Approach Resources

Sergei Krylov

Sergei Krylov

President & CEO
James C. Crain

James C. Crain

Chairman
Joshua Dazey

Joshua Dazey

EVP – Legal and Secretary
Alan D. Bell

Alan D. Bell

Director
Troy Hoefer

Troy Hoefer

EVP – Operations
Vean J. Gregg

Vean J. Gregg

Lead Independent Director
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Approach Resources Office Locations

Approach Resources has an office in Fort Worth
Fort Worth, US (HQ)
6500 West Fwy #800
Show all (1)

Approach Resources Financials and Metrics

Approach Resources Revenue

Approach Resources's revenue was reported to be $114.04 m in FY, 2018
USD

Revenue (Q3, 2019)

15.4m

Net income (Q3, 2019)

(19.2m)

EBIT (Q3, 2019)

(16.8m)

Market capitalization (11-Nov-2019)

7.4m

Closing stock price (11-Nov-2019)

0.1

Cash (30-Sept-2019)

7.0m

EV

326.4m
Approach Resources's current market capitalization is $7.4 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

108.4m128.9m181.3m258.5m131.3m90.3m105.3m114.0m

General and administrative expense

17.9m24.9m26.5m32.1m28.3m24.7m24.3m20.9m

R&D expense

4.6m2.2m3.8m4.4m3.9m3.7m420.0k

Operating expense total

17.9m29.5m28.8m35.9m32.8m28.7m28.0m21.3m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

29.1m28.0m30.6m29.9m33.0m36.3m42.3m44.2m61.9m73.4m68.1m33.3m38.6m33.9m17.6m22.4m23.7m26.4m25.0m25.6m28.8m30.3m32.6m19.2m14.7m15.4m

General and administrative expense

4.6m3.8m5.8m5.1m5.6m6.4m5.2m6.2m8.5m7.4m7.7m8.1m7.5m7.3m6.1m5.8m5.8m5.9m6.5m6.4m6.6m6.1m5.6m3.8m4.3m4.7m

R&D expense

738.0k2.0m891.0k1.1m1.2m2.0m569.0k1.6m1.0m1.0m2.1m100.0k3.0k6.0k9.0k1.4m7.0k

Operating expense total

4.6m3.8m5.8m5.1m5.6m6.4m5.2m6.2m9.3m9.4m8.6m9.2m8.7m9.2m6.6m7.5m6.9m7.0m8.7m6.5m6.6m6.1m5.6m10.1m5.9m13.3m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

301.0k767.0k58.8m432.0k600.0k21.0k21.0k22.0k

Accounts Receivable

10.1m12.6m22.9m19.6m11.7m9.7m6.7m

Prepaid Expenses

592.0k929.0k1.2m5.5m3.5m

Inventories

2.8m
USDQ2, 2011

Financial Leverage

1.5 x
Show all financial metrics

Approach Resources Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Approach Resources Online and Social Media Presence

Embed Graph

Approach Resources News and Updates

Approach Resources Frequently Asked Questions

  • When was Approach Resources founded?

    Approach Resources was founded in 2002.

  • Who are Approach Resources key executives?

    Approach Resources's key executives are Sergei Krylov, James C. Crain and Joshua Dazey.

  • How many employees does Approach Resources have?

    Approach Resources has 99 employees.

  • What is Approach Resources revenue?

    Latest Approach Resources annual revenue is $114 m.

  • What is Approach Resources revenue per employee?

    Latest Approach Resources revenue per employee is $1.2 m.

  • Who are Approach Resources competitors?

    Competitors of Approach Resources include Carrier Energy Partners, EP Energy and Woodside Petroleum.

  • Where is Approach Resources headquarters?

    Approach Resources headquarters is located at 6500 West Fwy #800, Fort Worth.

  • Where are Approach Resources offices?

    Approach Resources has an office in Fort Worth.

  • How many offices does Approach Resources have?

    Approach Resources has 1 office.