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Approach Resources Inc. Reports Results for Third Quarter 2009 and Announces Borrowing Base Increase

Tue, 03 Nov 2009 20:51:00 GMT

Third Quarter 2009 Results
Production for the third quarter of 2009 totaled 2.0 Bcfe (21.8 MMcfe/d), compared to 2.1 Bcfe (22.6 MMcfe/d) produced in the third quarter of 2008, a decrease of 3.7%.
Third quarter 2009 production was 75% natural gas and 25% oil and NGLs, compared to 76% natural gas and 24% oil and NGLs in the third quarter of 2008.

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Approach Resources Inc. Provides 2009 Drilling Activity and Guidance Update and Announces 2010 Capital Budget and Guidance

Tue, 03 Nov 2009 20:51:00 GMT

2009 Drilling Activity and Guidance Update
The 2009 capital budget is subject to change depending upon a number of factors, including economic and industry conditions at the time of drilling, prevailing and anticipated prices for oil and gas, the results of our development and exploration efforts, the availability of sufficient capital resources for drilling prospects, our financial results, the availability of leases on reasonable terms and our ability to obtain permits for the drilling locations.
The table below sets forth the Company's revised 2009 financial and operational guidance.

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Approach Resources Inc. Reports Results for Second Quarter 2009

Tue, 04 Aug 2009 21:47:00 GMT

Highlights for the second quarter of 2009 (compared to second quarter
Production for the second quarter of 2009 totaled 2.3 Bcfe (25.1 MMcfe/d), compared to 2.0 Bcfe (22.4 MMcfe/d) produced in the second quarter of 2008, an increase of 12%.
Second quarter 2009 production was 71% natural gas and 29% oil and NGLs, compared to 82% natural gas and 18% oil and NGLs in the second quarter of 2008.

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Approach Resources Inc. Appoints New Vice President - Exploration

Mon, 27 Jul 2009 15:47:00 GMT

FORT WORTH, Texas, July 27, 2009 (GLOBE NEWSWIRE) -- Approach Resources Inc. (Nasdaq:AREX) announced today that Qingming Yang will join the Company as Vice President - Exploration.
While at Pioneer, Dr. Yang coordinated the technical and commercial evaluation of over one hundred oil and gas prospects, including prospects in the Permian, Fort Worth, Appalachian, Gulf Coast, Arkoma and Williston basins, and led over $235 million in asset acquisitions.
Dr. Yang will lead the Company's exploration, geological and geophysical team.

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Approach Resources Inc. Schedules Second Quarter 2009 Conference Call for August 5, 2009

Thu, 23 Jul 2009 20:42:00 GMT

Approach Resources Inc. will host a conference call on Wednesday, August 5, 2009 at 10:00 a.m. Central Time to discuss second quarter 2009 financial and operating results. The Company plans to issue second quarter 2009 results after the market closes on Tuesday, August 4, 2009.[More...]

Approach Resources Inc. Reports Results for First Quarter 2009

Tue, 05 May 2009 20:47:00 GMT

commodity prices (after the effect of commodity derivatives) to
Production for the first quarter of 2009 totaled 2.5 Bcfe (28.1 MMcfe/d), compared to 2.0 Bcfe (21.7 MMcfe/d) produced in the first quarter of 2008, an increase of 28%.
First quarter of 2009 production was 70% natural gas and 30% oil and NGLs, compared to 84% natural gas and 16% oil and NGLs in the first quarter of 2008.

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Approach Resources Inc. Schedules First Quarter 2009 Conference Call for May 6, 2009

Thu, 30 Apr 2009 16:28:00 GMT

Approach Resources Inc. will host a conference call on Wednesday, May 6, 2009 at 10:00 a.m. Central Time to discuss first quarter 2009 financial and operating results. The Company plans to issue first quarter 2009 results after the market closes on Tuesday, May 5, 2009.[More...]

Approach Resources Inc. Announces Reaffirmation of Borrowing Base

Mon, 13 Apr 2009 20:11:00 GMT

Approach Resources Inc. today announced that its bank group has reaffirmed the Company's $100 million borrowing base and the bank group's $100 million commitment amount under the Company's revolving credit facility. The $100 million borrowing base and commitment amount have been in place since May 2008. The credit facility is provided by The Frost National Bank, as agent, JPMorgan Chase Bank, Fortis Capital Corp. and KeyBank. The next redetermination of the borrowing base is scheduled for October 2009. The revolving credit facility matures July 31, 2010.[More...]

Approach Resources Inc. Reports Results for Year End and Fourth Quarter 2008

Tue, 10 Mar 2009 20:48:00 GMT

Approach Resources Inc. today reported year end and fourth quarter 2008 financial and operating results.[More...]

Approach Resources Inc. Schedules Full Year and Fourth Quarter 2008 Conference Call for March 11, 2009

Fri, 06 Mar 2009 19:05:00 GMT

Approach Resources Inc. will host a conference call on Wednesday, March 11, 2009 at 10:00 a.m. Central Time to discuss its full year and fourth quarter 2008 financial and operating results. The Company plans to issue its full year and fourth quarter 2008 results after the market closes on Tuesday, March 10, 2009.[More...]