Approach Resources, trading under the symbol AREXQ on the OTC Markets, is an independent energy company focused on the acquisition, exploration, development and production of unconventional oil and gas reserves. Headquartered in Fort Worth, Texas, the company’s operations center on the Midland Basin of West Texas, where it targets multiple stacked formations through horizontal drilling and multi-stage fracturing techniques. Its asset portfolio includes both operated and non-operated interests, with production streams of crude oil, natural gas and natural gas liquids.
Since its founding in the early 2000s, Approach Resources has pursued a strategy of building a concentrated position in core Permian Basin acreage. The company grew through a combination of farm-in agreements, asset acquisitions and targeted drilling campaigns designed to delineate and develop its key shale plays. In 2016, amid industrywide commodity price pressures, the company completed a court-supervised restructuring to optimize its cost structure and prioritize high-return drilling activities.
Today, Approach Resources leverages advanced reservoir analysis and completion technologies to enhance well performance and recoveries. The company’s development plan emphasizes capital efficiency, operational safety and environmental stewardship across its footprint. Production is marketed primarily to regional midstream partners under a mix of firm and interruptible contracts, supporting a diversified customer base throughout the Gulf Coast and Midcontinent regions.
Approach Resources is led by a management team with decades of upstream oil and gas experience, including Norman Jackson, who has served as Chairman and Chief Executive Officer since the company’s inception. Supported by seasoned technical, financial and operational professionals, the company continues to pursue value-creating opportunities within its existing acreage while evaluating accretive mergers and acquisitions that complement its strategic focus.
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