Approach Resources, Inc.

Approach Resources, Inc.

Approach Resources, Inc.

Date Founded



One Ridgmar Centre,6500 West Freeway,Suite 800,Fort Worth, TX 76116

Type of Company


Employees (Worldwide)



Oil & Gas

Company Description

Approach Resources, Inc. engages in the exploration, development, production and acquisition of oil and gas properties. It 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. The firm operates in one business segment, the exploration and production of oil, NGLs and natural gas. The company was founded by J. Ross Craft in September 2002 and is headquartered in Fort Worth, TX.

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Executives & Employees

President & Chief Executive Officer

Executive Vice President-Operations

Director-Business Development & Special Projects

Chief Operations Geologist

Executive Vice President-Legal & Secretary

Executive Vice President-Finance & Accounting

Operations Manager-Drilling

Senior Land Manager

Operations Manager-Production

Senior Manager-Environmental, Health & Safety

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Approach Resources, Inc.
Recent Transactions
Details Hidden

Approach Resources, Inc., Approach Oil & Gas, Inc. purchase Amistad Energy Partners LLC /Midland Basin Shale Assets from Kayne Anderson Capital Advisors LP (Private Equity), Amistad Energy Partners LLC

Details Hidden

Approach Resources, Inc. issued USD Common Stock

Details Hidden

Approach Resources, Inc. issued USD Common Stock

Transaction Advisors

Advised onApproach Resources, Inc. issued USD Common Stock


Advised onApproach Resources, Inc. issued USD Common Stock


Advised onApproach Resources, Inc. issued USD Common Stock

Executive Director

Advised onApproach Resources, Inc. issued USD Common Stock

Advisors & Consultants

President at Approach Oil & Gas, Inc.

Legal Advisor

Partner at Weil, Gotshal & Manges LLP


Former President & Chief Operating Officer at Approach Resources, Inc.


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Key Stats and Financials As of 2018
Market Capitalization
Total Enterprise Value
Earnings Per Share
Net Profit
Total Debt
Total Equity
Enterprise Value Sales
Enterprise Value EBITDAOperating
TEVNet Income
Debt TEV
Three Year Compounded Annual Growth Rate Of Revenue
Five Year Compounded Annual Growth Rate Of Revenue
Non-Profit Donations & Grants
$5,000 - $10K
Details Hidden

Yorktown Partners is an active manager which invests in energy sectors based on abroad and the US, majority of the investments are domiciled in North America. The firm follows oil and gas production, pipe lines, gathering systems and processing/fractionation plants and to a lesser extent energy related manufacturing and services. It provides private equity investments.

Forbes Energy Services Ltd. Oil & Gas | Alice, TX

Forbes Energy Services Ltd. provides drilling-related and production-related services to oil and natural gas companies. It operates through the Well Servicing, Coiled Tubing and Fluid Logistics segments. The Well Servicing segment provides well maintenance services, including remedial repairs and removal and replacement of downhole production equipment; well workovers, including downhole repairs, re-completions and re-perforations; completion and swabbing activities; plugging and abandoning services; and testing of oil and natural gas production tubing. The Coiled Tubing segment provide a range of services accomplishing a wide variety of goals including horizontal completions, well bore clean-outs and maintenance, nitrogen services, thru-tubing services, formation stimulation using acid and other chemicals, and other pre- and post-hydraulic fracturing well preparation services. The Fluid Logistics segment utilizes its fleet of owned and leased fluid transport truck and related assets to provide, transport, store, and dispose of a variety of drilling and produced fluids. The company was founded by John E. Crisp, Janet L. Forbes and Charles C. Forbes, Jr. in September 2003 and is headquartered in Alice, TX.

DeGolyer & MacNaughton Corp. Other Business & Consulting Services | Dallas, TX

DeGolyer & MacNaughton Corp., part of DEI Holdings, Inc., is an American company located in Dallas, TX. The firm provides hydrocarbon evaluation services and related oil and gas engineering services.

ProFrac Services LLC Computer Software | Willow Park, TX

ProFrac Services LLC engages in the manufacture and distribution of pressure pumping equipment. The company was founded in May 2016 and is headquartered in Willow Park, TX.

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