Approach Resources Inc
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Energy : Oil, Gas & Consumable Fuels | Small Cap Value

Approach Resources Inc. is an independent energy company. The Company is focused 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 business segment is the exploration and production of oil, natural gas liquids (NGLs) and natural gas. The Company's assets cover an area of approximately 126,000 net acres. Its proved reserves are approximately 166.6 million barrels of oil equivalent. The Company's proved reserves are primarily located in Crockett and Schleicher Counties, Texas. The Company's Permian Basin acreage is known as the Project Pangea. The Company owns and operates approximately 800 producing oil and gas wells in the Permian Basin. The Company, through a joint venture with EnCana Oil & Gas (USA) Inc., holds interests in the approximately 3,000 gross acre project in Limestone and Robertson Counties, Texas, in the East Texas Cotton Valley trend.

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Price: Delayed
$0.017

Day's Change: 0.0039 (30.22%)

Bid: --

Ask: --

B/A Size: --

Day's High: 0.017

Day's Low: 0.014

Volume (Heavy Day) Today's volume of 236,712 shares is on pace to be much greater than AREXQ's 10-day average volume of 89,631 shares.: 236,712

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