Approach Resources Overview

  • Founded
  • 2002
Founded
  • Status
  • Acquired/​Merged
  • Employees
  • 99
Employees
  • Latest Deal Type
  • M&A
  • (Announced)
  • Financing Rounds
  • 10
  • Investments
  • 3

Approach Resources General Information

Description

Approach Resources Inc is an independent energy company which focuses 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 proved reserves are primarily located in Crockett and Schleicher Counties, Texas. It operates through the single business segment being the Exploration and production of oil, NGLs (natural gas liquids) and natural gas. The company's exploration properties include Permian Basin-Project Pangea, East Texas Basin-North Bald Prairie and Proved Oil and Gas Reserves.

Contact Information

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly PE-Backed
Primary Industry
Energy Exploration
Other Industries
Energy Production
Parent Company
Zarvona Energy
Former Stock Listing
AREXQ
Primary Office
  • One Ridgmar Centre, 6500 West Freeway
  • Suite 800
  • Fort Worth, TX 76116
  • United States
+1 (817) 000-0000
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Approach Resources Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Approach Resources Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Approach Resources Inc is an independent energy company which focuses on the exploration, development, production, and a
Energy Exploration
Fort Worth, TX
99 As of 2018
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Houston, TX
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Houston, TX
00 As of 0000
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Approach Resources Competitors (24)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Mesquite Energy Corporation Houston, TX 00000 0000000000.
0000 00000000 Corporation Houston, TX 00 00000 000000000 - 00000
000-000 000000 000 Formerly PE-Backed Tulsa, OK 000 00000 000000&0 00000
00000 000000 Formerly VC-backed Oklahoma City, OK 0000 00000 000000000 00000
00000000 Corporation Greenwood Village, CO 00 000000&0
You’re viewing 5 of 24 competitors. Get the full list »

Approach Resources Executive Team (8)

Name Title Board Seat Contact Info
Sergei Krylov Chief Executive Officer & President
Ian Shaw Chief Financial Officer, Finance & Executive Vice President
J. Curtis Henderson JD Chief Administrative Officer
Ted Oldham Chief Operations Geologist
You’re viewing 4 of 8 executive team members. Get the full list »

Approach Resources Board Members (10)

Name Representing Role Since
0000 0000 Approach Resources Board Member 000 0000
00000 00000 Self Chairman & Board Member 000 0000
0000000 0000 Approach Resources Board Member 000 0000
0000 00000 000 Self Board Member 000 0000
You’re viewing 4 of 10 board members. Get the full list »

Approach Resources Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Approach Resources Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Approach Resources Investments (3)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000000 000000 000 01-Nov-2017 000000000 00000 00 000.00 Other Energy
00000000 000 & 000 07-Nov-2007 0000000000 Energy Exploration 0. 0000 00000
Wildcat Permian Services Buyout/LBO Energy Storage
To view Approach Resources’s complete investments history, request access »

Approach Resources Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
0000000 0000000 00 0000000000 Completed
  • 5 buyers
To view Approach Resources’s complete exits history, request access »