Approach Resources

The Company 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. The Company's assets cover an area of approximately 126,000 net acres. Its proved reserves are approximately 166.6 million barrels of oil equivalent. The Company's proved reserves are primarily located in Crockett and Schleicher Counties, Texas. The Company's Permian Basin acreage is known as the Project Pangea. The Company owns and operates approximately 800 producing oil and gas wells in the Permian Basin. The Company, through a joint venture with EnCana Oil & Gas (USA) Inc., holds interests in the approximately 3,000 gross acre project in Limestone and Robertson Counties, Texas, in the East Texas Cotton Valley trend.

Type
Public
HQ
Fort Worth, US
Founded
2002
Employees
102 (est)
Approach Resources was founded in 2002 and is headquartered in Fort Worth, US

Approach Resources Locations

Fort Worth, US
New York, US

Approach Resources Metrics

Approach Resources Summary

Market capitalization

$144 M

Closing share price

$3.7
Approach Resources's latest market capitalization is $144 M.

Approach Resources Market Value History

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