Approach Resources

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. 

Company Growth (employees)
Type
Public
HQ
Fort Worth, US
Founded
2002
Size (employees)
100 (est)
Approach Resources was founded in 2002 and is headquartered in Fort Worth, US

Approach Resources Office Locations

Approach Resources has offices in Fort Worth and New York
Fort Worth, US (HQ)
800 6500 West Fwy

Approach Resources Financials and Metrics

Approach Resources Financials

USD

Net income (FY, 2016)

(52.2 m)

EBIT (FY, 2016)

(44.9 m)

Market capitalization (11-Dec-2017)

219.7 m

Cash (31-Dec-2016)

21 k
Approach Resources's current market capitalization is $219.7 m.
USDFY, 2016

R&D expense

3.9 m

General and administrative expense

24.7 m

Operating expense total

28.7 m

EBIT

(44.9 m)
USDQ3, 2013

R&D expense

1.2 m

General and administrative expense

6.2 m

Operating expense total

34.3 m

EBIT

9.9 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

58.8 m432 k600 k21 k

Inventories

592 k929 k1.2 m2.8 m

Current Assets

90.4 m61.1 m20.4 m12.5 m

Total Assets

1.1 b1.4 b1.2 b1.1 b
USDQ3, 2013

Cash

25.5 m

Current Assets

42.8 m

Total Assets

1.1 b

Accounts Payable

40.7 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

72.3 m56.2 m(174.1 m)(52.2 m)

Accounts Receivable

(10 m)3.3 m7.9 m2.3 m

Inventories

(45 k)(179 k)(325 k)534 k

Accounts Payable

12.5 m(5.8 m)964 k358 k
USDQ3, 2013

Net Income

7.9 m

Accounts Receivable

(2.6 m)

Accounts Payable

15.3 m

Cash From Operating Activities

119 m
Y, 2016

Financial Leverage

2 x
Show all financial metrics

Approach Resources Market Value History

Approach Resources's Web-traffic and Trends

Approach Resources Online and Social Media Presence

Approach Resources Company Life and Culture

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