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Approach Resources Inc.

About

Approach Resources Inc. is an independent energy company focused on the exploration, development, production and acquisition of unconventional oil and natural gas reserves in the Midland Basin of the greater Permian Basin in West Texas.

Editor's note: Updated Nov. 19, 2019.

Headquarters Address

One Ridgmar Centre
6500 West Freeway, Suite 800
Fort Worth, TX 76116
United States

Main Phone Number

Transactions

Report Date Amount (MM) Description
2020-09-08 $115.50

Permian Basin Operator Approach Resources Hitches Saddle to New Buyer

Permian Basin Operator Approach Resources Hitches Saddle to New Buyer

Report Date Amount (MM) Description
2017-11-01 $18.05

Approach Resources Acquires Bolt-On Midland Acreage

Approach Resources Acquires Bolt-On Midland Acreage

Report Date Amount (MM) Description
2017-11-01 $18.05

Approach Resources Acquires Bolt-On Midland Acreage

Approach Resources Acquires Bolt-On Midland Acreage

Report Date Amount (MM) Description
2013-10-09 $210.00

Approach Resources Inc.

Approach Resources Inc.

Report Date Amount (MM) Description
2013-10-08 --

Seminole Energy Services Acquires Native American Marketing

Seminole Energy Services Acquires Native American Marketing

Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2019-11-18 Approach Resources Inc. Debt $16.50

Approach Resources Inc., along with all of its subsidiaries, has commenced a voluntary Chapter 11 case in…

Report Date Type Amount (MM) Description
2018-12-10 Approach Resources Inc. Debt $325.00

Announced it has completed its fall 2018 semiannual borrowing base redetermination of its revolving…

Report Date Type Amount (MM) Description
2016-11-09 Approach Resources Inc. Debt $325.00

Bank group reaffirmed $325 million borrowing base as a result of the fall 2016 seminannual…

Report Date Type Amount (MM) Description
2015-09-25 Approach Resources Inc. - 2015-09-25 Debt $450.00

Completed the scheduled semiannual borrowing base redetermination of its revolving credit facility. The…

Report Date Type Amount (MM) Description
2012-09-20 Approach Resources Inc. - 2012-09-20 Equity $152.50

Has priced its public offering of 5,000,000 shares of common stock at a price to the public of $30.50 per…

Report Date Type Amount (MM) Description
2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

This content is locked until you subscribe

2100-05-23 Transaction $888.88

This content is locked until you subscribe

Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

Oil and Gas Investor A&D Trends: Pardon the Dust

At the crack of a bankruptcy judge’s gavel, stalking-horse bidders slowly lurch out of the starting gate, lower their long necks and graze among the oil and gas bankruptcies. The slowly revealed results are fascinating.

Permian Basin Operator Approach Resources Hitches Saddle to New Buyer

Bankrupt Permian operator Approach Resources appears to be headed toward a sale again—albeit for less than two-thirds of the original sales price.

M&A Review: The Sky Falls on Oil and Gas Dealmaking

Once some stability is added to the market, E&Ps with capital and the appetite for deals should see opportunities materialize, a recent Enverus report says.

Permian Shale Producer Approach Resources Enters Bankruptcy

After being battered by weak Permian gas prices, Approach Resources filed for Chapter 11 bankruptcy to explore strategic alternatives that include either a restructuring or the sale of its business.

Approach Resources CEO J. Ross Craft Replaced By Sergei Krylov

The Permian E&P with operations focused on the Midland Basin also replaced other members of its leadership teams that Approach Resources said will reduce nearly one-fifth of its corporate overhead.