Approach Resources Overview
- Year Founded
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2002
- Status
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Acquired/Merged
- Employees
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99
- Latest Deal Type
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M&A
- Financing Rounds
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12
- Investments
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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
Website
www.approachresources.comCorporate Office
- One Ridgmar Centre, 6500 West Freeway
- Suite 800
- Fort Worth, TX 76116
- United States
Corporate Office
- One Ridgmar Centre, 6500 West Freeway
- Suite 800
- Fort Worth, TX 76116
- United States
Approach Resources Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Approach Resources Comparisons
Industry
Financing
Details
Approach Resources Competitors (29)
One of Approach Resources’s 29 competitors is Bison Oil & Gas IV, a Private Equity-Backed company based in Denver, CO.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Bison Oil & Gas IV | Private Equity-Backed | Denver, CO | ||||
| Mesquite Energy | Private Equity-Backed | Houston, TX | ||||
| Contango Resources | Corporate Backed or Acquired | Houston, TX | ||||
| Suncor Energy | Corporation | Calgary, Canada | ||||
| Comstock Resources | Corporation | Frisco, TX |
Approach Resources Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Approach Resources Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Approach Resources Investments (3)
Approach Resources’s most recent deal was a Corporate Asset Purchase with Amistad Energy Partners (Wolfcamp shale assets) for . The deal was made on 01-Nov-2017.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Amistad Energy Partners (Wolfcamp shale assets) | 01-Nov-2017 | Corporate Asset Purchase | Other Energy | ||
| Approach Oil & Gas | 07-Nov-2007 | Buyout/LBO | Energy Exploration | ||
| Wildcat Permian Services | Buyout/LBO | Energy Transportation |
Approach Resources Exits (1)
Approach Resources’s most recent exit was from Wildcat Permian Services. The exit was categorized as with 5 buyers.
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Wildcat Permian Services | Completed |
|
Approach Resources FAQs
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When was Approach Resources founded?
Approach Resources was founded in 2002.
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Where is Approach Resources headquartered?
Approach Resources is headquartered in Fort Worth, TX.
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What is the size of Approach Resources?
Approach Resources has 99 total employees.
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What industry is Approach Resources in?
Approach Resources’s primary industry is Energy Exploration.
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Is Approach Resources a private or public company?
Approach Resources is a Private company.
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What is the current valuation of Approach Resources?
The current valuation of Approach Resources is .
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What is Approach Resources’s current revenue?
The current revenue for Approach Resources is .
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How much funding has Approach Resources raised over time?
Approach Resources has raised $317M.
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Who are Approach Resources’s investors?
Kayne Anderson Capital Advisors, Lubar & Co., Wilks Brothers, and Yorktown Partners have invested in Approach Resources.
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Who are Approach Resources’s competitors?
Bison Oil & Gas IV, Mesquite Energy, Contango Resources, Suncor Energy, and Comstock Resources are some of the 29 competitors of Approach Resources.
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When was Approach Resources acquired?
Approach Resources was acquired on 11-Sep-2020.
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Who acquired Approach Resources?
Approach Resources was acquired by Zarvona Energy.
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