Overview
Approach
Approach Resources takes a different approach to natural gas and oil exploration, development, and production. Specializing in finding and exploiting unconventional reservoirs, the company operates primarily in West Texas' Permian Basin. It also has operations in East Texas. The company's unconventional designation results from a focus on developing natural gas reserves in tight gas sands and shale areas, necessitating a reliance on advanced
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Read More completion, fracturing, and drilling techniques. In 2012 Approach Resources reported proved reserves of 95.5 million barrels of oil equivalent.
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Read More completion, fracturing, and drilling techniques. In 2012 Approach Resources reported proved reserves of 95.5 million barrels of oil equivalent.
Read Less
Sergei Krylov
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Oil and Gas Extraction
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Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Crude petroleum and natural gas
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Oil and gas exploration services
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Contacts
Get in Touch with 4 Principals* and 8 Contacts
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Sergei KrylovPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Data
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Financial data as of ? (12 month period) in USD
Annual Revenue
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USD
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All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2018 | 2017 | 2016 |
|---|---|---|---|
| Net Operating Cash | $35 | $37 | $26 |
| Net Investing Cash | -$43 | -$52 | -$24 |
| Net Financing Cash | $8 | $15 | -$3 |
| Net Change in Cash | $0 | $ | -$1 |
| Cash at Beginning of Period | $0 | $0 | $1 |
| Cash at End of Period | $0 | $0 | $0 |
| Capital Expenditure | -$47 | -$47 | -$20 |
| Assets (mil) | 2018 | 2017 | 2016 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $0 | $0 | $0 |
| Accounts Receivable | $7 | $10 | $10 |
| Inventories | $ | $ | $ |
| Other Current Assets | $9 | $7 | $3 |
| Asset Summary | |||
| Total Current Assets | $16 | $17 | $12 |
| Tangible Fixed Assets | $1,068 | $1,083 | $1,092 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $1,085 | $1,100 | $1,105 |
| Liabilities (mil) | 2018 | 2017 | 2016 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $15 | $15 | $14 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $6 | $10 | $13 |
| Liability Summary | |||
| Total Current Liabilities | $21 | $25 | $26 |
| Long-Term Debt | $385 | $373 | $498 |
| Other Long-Term Liabilities | $0 | $0 | $1 |
| Total Liabilities | $495 | $492 | $542 |
| Stakeholder's Equity (mil) | 2018 | 2017 | 2016 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1 | $1 | $0 |
| Retained Earnings | -$156 | -$136 | -$24 |
| Equity Summary | |||
| Total Equity | $589 | $607 | $563 |
| Shares Outstanding | 95,030,569 | 94,533,246 | 41,764,770 |