reports
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...
- MarketLine Department
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...
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...
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: ...
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...
Approach Resources Inc. Schedules First 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, May 10, 2019 at 10:00 AM CT (11:00 ET) 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 at , or by phone: ...
Approach Resources Inc. Announces Changes to Executive Management Team...
FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) (“Approach” or the “Company”) 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 Executive Officer. Mr. Krylov will also retain his duties as Chief Financial Officer. In addition, the Company announced tha...
Approach Resources Inc. Reports Fourth Quarter and Full-Year 2018 Fina...
FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) 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 $0.01 per diluted share. Adjusted net loss (non-GAAP) was $6.9 million, or $0.07 per diluted shar...
Approach Resources Inc. Schedules Fourth Quarter and Full-Year 2018 Ea...
FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (“Approach” or the “Company”) (NASDAQ: AREX), today announced plans to host a conference call on Tuesday, March 19, 2019 at 10:00 AM CT (11:00 ET) 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 Company’s website at , or by phone: ...
- MarketLine Department
Gastar Exploration Inc. - Mergers & Acquisitions (M&A), Partnerships &...
Summary Marketline's Gastar Exploration Inc. 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 Gastar Exploration Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of th...
Due to a more favourable environment, APPROACH RESOURCES INCO. slightl...
APPROACH RESOURCES INCO. (US), a company active in the Exploration & Production industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as risky. At the fundamental level, theScreener confirms the rating of 1 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Slightly Negative even if it remains under pressure. As of the analysis date January 15, 2019, t...
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. ...
Disciplined Execution Drives Approach Resources Third Quarter 2018 Res...
FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) 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 operating income Net loss was $4.3 million or $0.05 ...
Approach Resources Inc. Schedules Third Quarter 2018 Earnings Conferen...
FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) will host a conference call on Friday, November 9, 2018, at 10:00 AM CT (11:00 AM ET) 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 or by phone: ...
Approach Resources Inc. Reports Second Quarter 2018 Results
FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) 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 lease operating expense (“LOE”) per Boe by 8% from previous quarter, peer leading LOE of $4.77...
Approach Resources Inc. Schedules Second Quarter 2018 Earnings Confere...
FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) will host a conference call on Thursday, August 2, 2018, at 10:00 AM CT (11:00 AM ET) to discuss second quarter 2018 financial and operating results. The Company plans to announce second quarter 2018 results on Wednesday, August 1, 2018, after close of trading. The conference call may be accessed via the Company’s website at www.approachresources.com or by phone: Conference ID ...
- GlobalData Department
Approach Resources Inc (AREX) - Oil & Gas - Deals and Alliances Profil...
Summary Approach Resources Inc (Approach Resources) is an independent upstream oil and gas company. The company acquires, explores, develops and produces oil, natural gas and natural gas liquids (NGLs). It focuses on oil and gas reserves in oil shale and tight gas sands. Approach Resources has properties in the Midland Basin of the Permian Basin in West Texas and has Cotton Valley Sands and Cotton Valley Lime target assets in North Bald Prairie, Texas. The company’s proved reserves are in Sch...
Approach Resources Inc. Reports First Quarter 2018 Results and Reaffir...
FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) today reported first quarter 2018 financial and operational results. First Quarter 2018 and Other Highlights Met quarterly production guidance with 11.3 MBoe/d, and increased daily crude oil production 3% over prior quarter Revenues of $28.8 million, a 9% increase over the prior year quarter Net loss was $7.4 million or $0.08 per diluted share. Adjusted net loss (non-GAAP) was $7.1 million, or $0.0...
Approach Resources Inc. Schedules First Quarter 2018 Earnings Conferen...
FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) will host a conference call on Thursday, May 3, 2018, at 10:00 AM CT (11:00 AM ET) to discuss first quarter 2018 financial and operating results. The Company plans to announce first quarter 2018 results on Wednesday, May 2, 2018, after close of trading. The conference call may be accessed via the Company’s website at www.approachresources.com or by phone: ...
Approach Resources Inc. to Present at IPAA Oil & Gas Investment Sympos...
FORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) today announced that the Company will participate in the Independent Petroleum Association of America (IPAA) 24th Annual Oil & Gas Investment Symposium (OGIS) in New York, NY, on April 9-10, 2018 at the Sheraton New York Times Square Hotel. Approach’s presentation will begin at 3:05 PM EDT on Monday, April 9, 2018. The slide presentation and a link to the webcast will be available on the Company’s website, www.approachresources.com under the “I...
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