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INDEX: NASDAQ
SYMBOL: AREX
NAME: Approach Resources Inc.
UPVOTES: 87
DOWNVOTES: 84


Description

Approach Resources Inc. is an independent energy company. 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.

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NYSE:LMT73
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82
ABBV115
AUMN105
MIK94
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Stock SymbolUp VotesDown VotesVote
TSLA337124
CBIS326146
AMD311241
DIS181112
AMZN173117
NVDA158103
KTOS14495
NFLX14098
NAT11676
MSRT143106

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