APPROACH RESOURCES INC. (NASDAQ:AREX) Files An 8-K Results of Operations and Financial Condition
Item2.02
|
Results of Operations and Financial Condition. |
On March9, 2017, Approach Resources Inc. (the Company) issued a
press release announcing financial and operational results for
the three and twelve months ended December31, 2016 (the Press
Release). A copy of the Press Release is furnished herewith as
Exhibit 99.1.
| Item7.01 | Regulation FD Disclosure. |
On March9, 2017, the Company issued the Press Release discussed
above in Item2.02 of this current report onForm8-K.A copy of the
Press Release is furnished herewith as Exhibit 99.1.
On March9, 2017, the Company posted a presentation titled
Approach Resources Inc. Fourth Quarter Full-Year 2016 Results
under the Investors Presentations section of the Companys
website,www.approachresources.com.
| Item9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
|
Exhibit No. |
Description |
|
| 99.1 | Press Release dated March 9, 2017. |
In accordance with General Instruction B.2 of Form 8-K, the
information in sections 2.02 and 7.01 of this current report on
Form 8-K, including the attached, referenced exhibits, shall not
be deemed filed for purposes of Section18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act), or otherwise
subject to the liabilities of that section, nor shall it be
deemed incorporated by reference into any registration statement
or other filing under the Securities Act of 1933, as amended, or
the Exchange Act, except as otherwise expressly stated in such
filing.
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About APPROACH RESOURCES INC. (NASDAQ:AREX)
Approach Resources Inc. is an independent energy company. The Company is 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. The Company’s business segment is the exploration and production of oil, natural gas liquids (NGLs) and natural gas. The Company’s assets cover an area of approximately 126,000 net acres. Its proved reserves are approximately 166.6 million barrels of oil equivalent. The Company’s proved reserves are primarily located in Crockett and Schleicher Counties, Texas. The Company’s Permian Basin acreage is known as the Project Pangea. The Company owns and operates approximately 800 producing oil and gas wells in the Permian Basin. The Company, through a joint venture with EnCana Oil & Gas (USA) Inc., holds interests in the approximately 3,000 gross acre project in Limestone and Robertson Counties, Texas, in the East Texas Cotton Valley trend. APPROACH RESOURCES INC. (NASDAQ:AREX) Recent Trading Information
APPROACH RESOURCES INC. (NASDAQ:AREX) closed its last trading session up +0.12 at 2.21 with 1,476,139 shares trading hands.
