Approach Resources Inc.
About
Approach Resources Inc. is an independent energy company focused on the exploration, development, production and acquisition of unconventional oil and natural gas reserves in the Midland Basin of the greater Permian Basin in West Texas.
Editor's note: Updated Nov. 19, 2019.
Headquarters Address
One Ridgmar Centre
6500 West Freeway, Suite 800
Fort Worth, TX 76116
United States
Website
www.approachresources.comMain Phone Number
Transactions
Permian Basin Operator Approach Resources Hitches Saddle to New Buyer
Permian Basin Operator Approach Resources Hitches Saddle to New Buyer
Approach Resources Acquires Bolt-On Midland Acreage
Approach Resources Acquires Bolt-On Midland Acreage
Approach Resources Acquires Bolt-On Midland Acreage
Approach Resources Acquires Bolt-On Midland Acreage
Seminole Energy Services Acquires Native American Marketing
Seminole Energy Services Acquires Native American Marketing
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New Financings
Approach Resources Inc., along with all of its subsidiaries, has commenced a voluntary Chapter 11 case in…
Announced it has completed its fall 2018 semiannual borrowing base redetermination of its revolving…
Bank group reaffirmed $325 million borrowing base as a result of the fall 2016 seminannual…
Completed the scheduled semiannual borrowing base redetermination of its revolving credit facility. The…
Has priced its public offering of 5,000,000 shares of common stock at a price to the public of $30.50 per…
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News
Oil and Gas Investor A&D Trends: Pardon the Dust
At the crack of a bankruptcy judge’s gavel, stalking-horse bidders slowly lurch out of the starting gate, lower their long necks and graze among the oil and gas bankruptcies. The slowly revealed results are fascinating.
Permian Basin Operator Approach Resources Hitches Saddle to New Buyer
Bankrupt Permian operator Approach Resources appears to be headed toward a sale again—albeit for less than two-thirds of the original sales price.
M&A Review: The Sky Falls on Oil and Gas Dealmaking
Once some stability is added to the market, E&Ps with capital and the appetite for deals should see opportunities materialize, a recent Enverus report says.
Permian Shale Producer Approach Resources Enters Bankruptcy
After being battered by weak Permian gas prices, Approach Resources filed for Chapter 11 bankruptcy to explore strategic alternatives that include either a restructuring or the sale of its business.
Approach Resources CEO J. Ross Craft Replaced By Sergei Krylov
The Permian E&P with operations focused on the Midland Basin also replaced other members of its leadership teams that Approach Resources said will reduce nearly one-fifth of its corporate overhead.