Approach Resources Overview

  • Year Founded
  • 2002

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 99

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 12

  • 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
Financing Status
Formerly PE-Backed
Primary Industry
Energy Exploration
Other Industries
Energy Production
Acquirer
Zarvona Energy
Corporate Office
  • One Ridgmar Centre, 6500 West Freeway
  • Suite 800
  • Fort Worth, TX 76116
  • United States

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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
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Approach Resources Competitors (27)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Mesquite Energy Private Equity-Backed Houston, TX 00 00000 0000000 0000 00000
Contango Resources Corporate Backed or Acquired Houston, TX 000 00000 000000&0 00000
SilverBow Resources Corporation Houston, TX 00 00000 00000000 00000
PetroQuest Energy Private Debt Financed Lafayette, LA 00 000 000000000 -
Lilis Energy Formerly PE-Backed Fort Worth, TX 00 00000 000000000000
You’re viewing 5 of 27 competitors. Get the full list »

Approach Resources Executive Team (8)

Name Title Board Seat Contact Info
Sergei Krylov Chief Executive Officer & President
You’re viewing 1 of 8 executive team members. Get the full list »

Approach Resources Board Members (10)

Name Representing Role Since
0000 0000 Self Board Member 000 0000
You’re viewing 1 of 10 board members. Get the full list »

Approach Resources Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-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
Amistad Energy Partners (Wolfcamp shale assets) 01-Nov-2017 000000000 000.00 Other Energy
Approach Oil & Gas 07-Nov-2007 0000000000 Energy Exploration 0000 0000
Wildcat Permian Services Buyout/LBO Energy Transportation
To view Approach Resources’s complete investments history, request access »

Approach Resources Exits (1)

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

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