Approach Resources Competitors and Similar CompaniesClear all

Approach Resources's competitors and similar companies include Parsley Energy, Concho Resources, EP Energy and SPETCO International.

	Approach Resources Approach Resources is an independent energy company.	Parsley Energy Parsley Energy is an oil and natural gas company.	Concho Resources Concho Resources is an oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties.	EP Energy EP Energy is an independent exploration and production company.	SPETCO International SPETCO International is a provider of oil and gas services.
Founding Date	Founding Date 2002	Founding Date 2008	Founding Date 2004	Founding Date 2012	Founding Date 1963
Type	Type Public	Type Subsidiary	Type Subsidiary	Type Private	Type Private
Tags	Tags Energy & Utilities oil oil & gas	Tags Energy & Utilities oil oil & gas	Tags Energy & Utilities oil oil & gas	Tags Energy & Utilities oil oil & gas	Tags Energy & Utilities oil oil & gas
Locations	Locations Fort Worth, US HQ	Locations Midland, US HQ Austin, US	Locations Midland, US HQ Artesia, US Dallas, US Houston, US Santa Fe, US	Locations Houston, US HQ Houston, US	Locations Abu Dhabi, AE HQ Ahmadi, KW Abu Dhabi, AE
Employees	Employees 992% increase	Employees 132	Employees 1,4533% decrease	Employees 1,356	Employees 4731% increase
Financial
Revenue (est.)	Revenue (est.) $114m (FY, 2018)	Revenue (est.) $2b (FY, 2019)	Revenue (est.) $4.6b (FY, 2019)	Revenue (est.) $820m (FY, 2019)	Revenue (est.) N/A
Cost of goods	Cost of goods N/A	Cost of goods $41.2m (FY, 2019)	Cost of goods N/A	Cost of goods N/A	Cost of goods N/A
Gross profit	Gross profit N/A	Gross profit $1.9b (FY, 2019)	Gross profit N/A	Gross profit $820m (FY, 2019)	Gross profit N/A
Net income	Net income ($19.9m) (FY, 2018)	Net income $210.4m (FY, 2019)	Net income ($705m) (FY, 2019)	Net income ($943m) (FY, 2019)	Net income N/A