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Key Stock Data
The current last sale of $1.365 is -0.36% Lower than the 52 week low.
|Intraday||Last 52 Weeks|
|High:||$ 1.45||$ 4.21|
|Low:||$ 1.36||$ 1.37|
Company Description (as filed with the SEC)
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. ... More ...
Nasdaq Official Price
Nov. 16, 2018
Nov. 16, 2018