Approach Resources Inc. (AREX) was an independent energy company engaged in the exploration, development, production, and acquisition of oil and gas reserves in the United States. The company's operations were focused primarily in the Permian Basin of west Texas.
Approach Resources' strategy was to create long-term shareholder value by maximizing the value of its existing assets, pursuing strategic acquisitions, and maintaining a strong financial position. The company's production was primarily focused on oil, natural gas, and natural gas liquids.
The company was founded in 2002 and was headquartered in Fort Worth, Texas. However, in 2019, Approach Resources filed for bankruptcy and subsequently sold its assets to a private oil and gas company. As a result, Approach Resources is no longer a publicly traded company.
Approach Resources Inc. (AREX) was an independent energy company engaged in the exploration, development, production, and acquisition of oil and gas reserves in the United States. The company's operations were focused primarily in the Permian Basin of west Texas.