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Approach Resources

Approach Resources
2002 FOUNDED
PUBLIC STATUS
91-100 EMPLOYEES
AREX STOCK SYMBOL
3 INVESTMENTS
$0.37 SHARE PRICE (As of Thursday Closing)
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.

Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Energy Exploration
Other Industries
Energy Production
Stock Exchange
NAS
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 Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$0.30 - $3.26 $34.7M $0.37 -$0.21 479K 94.7M

Approach Resources Financials Summary

In Thousands,
USD
TTM
31-Dec-2018
FY 2018
31-Dec-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
Enterprise Value 472,422 455,849 754,412 636,582
Revenue 114,035 114,035 105,349 90,302
EBITDA 62,291 62,291 55,636 29,642
Net Income (19,911) (19,911) (112,359) (52,243)
Total Assets 1,084,647 1,084,647 1,099,576 1,104,555
Total Debt 384,993 384,993 373,460 498,349
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Approach Resources Valuation and Funding

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

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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
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Approach Resources Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
0000000 0000000 00 0000000000 Completed
  • 5 buyers
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Approach Resources Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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Approach Resources Executive Team (6)

Name Title Board
Seat
Contact
Info
J. Ross Craft President & Chief Executive Officer
Qingming Yang Ph.D Chief Operating Officer & President
Sergei Krylov Chief Financial Officer & Executive Vice President
J. Curtis Henderson JD Chief Administrative Officer

2 Former Executives

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Approach Resources Board Members (11)

Name Representing Role Since Contact
Info
0000 0000 Self Chairman, Audit Committee & Board Member 000 0000
0000 0000 Self Board Member 000 0000
00000 00000 Self Board Member 000 0000
0000000 0000 Approach Resources Board Member 000 0000
0000000 00000 Approach Resources Board Member 000 0000

4 Former Board Members

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