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About
Approach Resources, Inc. engages in the exploration, development, production and acquisition of oil and gas properties. The company focuses on oil and natural gas reserves in oil shale and tight sands located in the Permian Basin in West Texas. It holds interests in the East Texas Basin and the Chama Basin in Northern New Mexico. Approach Resources was founded by J. Ross Craft in September 2002 and is headquartered in Fort Worth, TX. | |||
Description
Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the United States. The company's properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin. As of December 31, 2016, its estimated proved reserves were 156.4 million barrels of oil equivalent located in Crockett and Schleicher counties, Texas. As of the above date, the company owned and operated 806 producing oil and gas wells in the Permian Basin. Approach Resources, Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas. | |||
