Approach Resources Inc. announced today that it, along with all of its subsidiaries, has commenced a voluntary Chapter 11 case in the United States Bankruptcy Court for the Southern District of Texas to explore strategic alternatives, including, without limitation, the restructuring of its balance sheet or the sale of its business as a going [...]
Approach Resources Inc. today reported second quarter 2019 financial and operational results. Financial and operational results for second quarter 2019 Production of 875 MBoe or 9.6 MBoe/day Net loss was $13.6 million or $0.15 per diluted share, and adjusted net loss was $13.2 million or $0.14 per diluted share Generated $5.6 million of EBITDAX 29 [...]
Approach Resources Inc. , today announced plans to host a conference call on Friday, August 9, 2019 at 9:00 AM CT to discuss second quarter 2019 operational and financial results. Those wishing to listen to the conference call, may do so by visiting the Events and Presentations page under the Investor Relations section of the Company’s [...]
Approach Resources Inc. today reported first quarter 2019 financial and operational results. Financial and operational highlights for first quarter 2019 Production of 906 MBoe or 10.1 MBoe/day Net loss was $16.8 million or $0.18 per diluted share, and adjusted net loss was $8.2 million or $0.09 per diluted share Generated $9.8 million of EBITDAX [...]
Approach Resources Inc. , today announced plans to host a conference call on Friday, May 10, 2019 at 10:00 AM CT to discuss first quarter 2019 operational and financial results. Those wishing to listen to the conference call, may do so by visiting the Events and Presentations page under the Investor Relations section of the Company’s website [...]
Approach Resources Inc. today announced that Sergei Krylov, who has served as the Company’s Executive Vice President and Chief Financial Officer since joining the Company in January 2014, has been appointed Chief Executive Officer. Mr. Krylov succeeds J. Ross Craft, who has resigned from his role as the Company’s Chairman and Chief [...]
Approach Resources Inc. today reported financial and operational results for the fourth quarter and full-year 2018, estimated year-end 2018 proved reserves and provided an update on its efforts to pursue deleveraging alternatives. Fourth Quarter 2018 Highlights Fourth quarter production of 963 MBoe or 10.5 MBoe/d Net income was $0.9 million, or [...]
Approach Resources Inc. , today announced plans to host a conference call on Tuesday, March 19, 2019 at 10:00 AM CT to discuss fourth quarter and full year 2018 operational and financial results. Those wishing to listen to the conference call, may do so by visiting the Events and Presentations page under the Investor Relations section of the [...]
Approach Resources Inc. today announced it has completed its fall 2018 semiannual borrowing base redetermination of its revolving credit facility. The borrowing base was unanimously reaffirmed by the bank group at $325 million. Under the terms of the credit agreement, the bank group redetermines the borrowing base semiannually using the [...]
Approach Resources Inc. today reported third quarter 2018 financial and operational results. Financial and operational highlights for third quarter 2018 Drilled six wells and completed two horizontal Wolfcamp wells Production of 1,043 MBoe or 11.3 MBoe/day Revenues of $32.6 million, a 27% increase over prior year quarter Generated $4.5 million of [...]
Approach Resources Inc. will host a conference call on Friday, November 9, 2018, at 10:00 AM CT to discuss third quarter 2018 financial and operating results. The Company plans to announce third quarter 2018 results on Thursday, November 8, 2018, after close of trading. The conference call may be accessed via the Company’s website at [...]
Approach Resources Inc. today reported second quarter 2018 financial and operational results. Financial and operational highlights for the second quarter of 2018 Production at the high end of quarterly guidance, driven primarily by liquids growth, increased production to 1,056 MBoe or 11.6 MBoe/day, an increase of 2% over prior quarter Reduced [...]
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