Approach Resources Inc. Oil & Gas Exploration and Production Operations and Cost Analysis – Q4, 2015

Date: 2016-08

Approach Resources Inc. Oil & Gas Exploration and Production Operations and Cost Analysis – Q4, 2015


Approach Resources Inc. (Approach Resources) is an independent upstream oil and gas company. The company acquires oil and natural gas properties; and explores, develops and produces oil, natural gas and natural gas liquids (NGLs). It focuses on oil and gas reserves in oil shale and tight gas sands. Approach Resources has properties in the Midland Basin of the Permian Basin in West Texas. The company’s proved reserves are in Schleicher and Crockett. Its drilling targets in Permian Basin comprise Clearfork, Wolfcamp Shale, Canyon Sands, Strawn and Ellenburger zones. Approach Resources is headquartered in Fort Worth, the US. The company focuses on developing its Wolfcamp shale oil resource play. To this end, it drilled 68 horizontal wells in 2014 in the Wolfcamp shale oil resource play and plans to continue developing its core properties in Project Pangea

Approach Resources Inc. Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.


The report provides in-depth analysis and insights into companies’ capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following –
– The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
– Provides details with respect to the company’s oil and gas reserves and production information by country. It further consists of in-depth information on the company’s expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
– Provides a comprehensive overview of the company’s share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe).
– Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.


1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

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The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to –
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– Establish relative performance among the industry’s players based on key operational and financial measures.


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