Approach Resources Reports Increased Preliminary Production for Q1

By Staff,

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Approach Resources Inc. ( AREX ) announced preliminary production for Q1 2013 of 754 million barrels of oil equivalent (MBoe) of (8.4 MBoe per day), compared to 654 MBoe (7.2 MBoe/day) produced in Q1 2012, a 15% increase.

Estimated oil production for the quarter increased 63% to 310 MBbls, compared to 191 MBbls produced in the same period last year.

Estimated production for Q1 2013 was 41% oil, 28% NGLs and 31% natural gas, compared to 29% oil, 33% NGLs and 38% natural gas in the prior-year period.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: AREX

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