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%)

Key People/Management at Approach Resources

J. Ross Craft

J. Ross Craft

Chairman & CEO
James C. Crain

James C. Crain

Director
Alan D. Bell

Alan D. Bell

Director
Vean J. Gregg

Vean J. Gregg

Lead Independent Director
Matthew R. Kahn

Matthew R. Kahn

Director
Matthew D. Wilks

Matthew D. Wilks

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
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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
USDY, 2019

Financial Leverage

2 x
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Approach Resources Online and Social Media Presence

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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 J. Ross Craft, James C. Crain and Alan D. Bell.

  • 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 Cairn India, Parsley Energy and Whiting 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.