Approach Resources Inc. said late April 9 that its top executive J. Ross Craft, who has been with the Fort Worth, Texas-based oil and gas company since its inception, had resigned.

The Permian E&P, which operations focus on the Wolfcamp Shale within the Midland Basin, also replaced other members of its executive and senior leadership teams that the company said will reduce one-fifth of its corporate overhead.

Craft has served as CEO of Approach since September 2002. In 2014, he was also named chairman of the company’s board.

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