AREXQ Approach Resources Inc.

Approach Resources Announces Reaffirmation of Borrowing Base

FORT WORTH, Texas--(BUSINESS WIRE)--

Approach Resources Inc. (NASDAQ: AREX) 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 banks’ estimates of reserves and future oil and gas prices. The next borrowing base redetermination is scheduled to occur in April 2019.

About Approach Resources

Approach Resources Inc. (“Approach” or the “Company”) is an independent energy company 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. For more information about the Company, please visit . Please note that the Company routinely posts important information about the Company under the Investor Relations section of its website.

EN
10/12/2018

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Reports on Approach Resources Inc.

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Approach Resources Inc. Commences Voluntary Chapter 11 Case with Suppo...

FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (OTC: AREX) 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 (Houston Division) to explore strategic alternatives, including, without limitation, the restructuring of its balance sheet or the sale of its business as a going concern, in a court-supervised process. The Company also announced that it has received a commitment from its pre-petition lenders for $16.5 million in new money “debtor-in-possession” (“D...

November 18, 2019 1 EN
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EUR 321.27
APC Anadarko Petrol...
AREXQ Approach Resour... ... (+6)

Resolute Energy Corporation - Mergers & Acquisitions (M&A), Partnershi...

Summary Marketline's Resolute Energy Corporation Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Resolute Energy Corporation since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakd...

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08/30/19 August 30, 2019 181 EN
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Approach Resources Inc. Reports Second Quarter 2019 Results

FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) 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 (non-GAAP) was $13.2 million or $0.14 per diluted share Generated $5.6 million of EBITDAX (non-GAAP) 29% reduction in general and administrative expenses compared to the second quarter of 2018 Adjusted net loss and EBITDAX are non-GAAP measures. See “Supplemental No...

August 8, 2019 1 EN
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Approach Resources Inc. Schedules Second Quarter 2019 Earnings Call

FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (“Approach” or the “Company”) (NASDAQ: AREX), today announced plans to host a conference call on Friday, August 9, 2019 at 9:00 AM CT (10:00 ET) 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 website at , or by phone:   Conference ID 2036477 Participant Toll-Free Dial-In Number: (844) 884-9950 Participant International Dial-In Number: ...

August 5, 2019 1 EN
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Approach Resources Inc. Reports First Quarter 2019 Results

FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) 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 (non-GAAP) was $8.2 million or $0.09 per diluted share Generated $9.8 million of EBITDAX (non-GAAP) Streamlined senior management structure, sig...

May 9, 2019 1 EN

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