Company:  APPROACH RESOURCES INC (AREX)
Form Type:  4
Filing Date:  1/12/2018 
CIK:  0001405073 
Address:  ONE RIDGMAR CENTRE
6500 WEST FREEWAY, SUITE 800
 
City, State, Zip:  FORT WORTH, Texas 76116 
Telephone:  (817) 989-9000 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$2.50  
Change: 
-0.02 (-0.79%)  
Trade Time: 
Jul 13  
Market Cap: 
$236.57M
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Description of Business
Approach Resources Inc. is an independent energy company 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, where we lease approximately 149,000 net acres as of December 31, 2017. We believe our concentrated acreage position and extensive, integrated field infrastructure system provides us an opportunity to achieve cost, operating and recovery efficiencies in the development of our drilling inventory. Our long-term business strategy is to develop resource potential from the Wolfcamp shale oil formation and pursue acquisitions that meet our strategic and financial objectives. See "-- Our Business Strategy" below. Additional drilling targets could include the Clearfork, Canyon Sands, Strawn and Ellenburger zones. We sometimes refer to our development project in the Permian Basin as "Project Pangea," which includes "Pangea West.
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  FORM 4
    NAME AND TITLE
    NON DERIVATIVE SECURITIES
    DERIVATIVE SECURITIES
    EXPLANATIONS AND REMARKS
    REPORTING OWNERS
    SIGNATURES