Approach Resources Inc. - 2012-09-20


Has priced its public offering of 5,000,000 shares of common stock at a price to the public of $30.50 per share. The company intends to use the net proceeds from the offering primarily to fund its capital expenditures for the development of its Wolfcamp oil shale resource play and for general working capital needs. J.P. Morgan is acting as sole book-running manager for the offering and KeyBanc Capital Markets, RBC Capital Markets, Wells Fargo Securities, Scotiabank/Howard Weil and Wunderlich Securities are acting as co-managers.

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