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Approach Resources Inc Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2017

Summary

Approach Resources Inc Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Approach Resources Inc (Approach Resources) is an independent upstream oil and gas company. The company acquires, explores for, develops and produces oil, natural gas and natural gas liquids (NGLs). It focuses on unconventional oil and gas reserves in oil shale and tight gas sands. Approach Resources has properties in the Midland Basin of the Permian Basin in West Texas and has Cotton Valley Sands and Cotton Valley Lime target assets in North Bald Prairie, Texas. The company’s proved reserves are in Schleicher and Crockett Counties in Texas. Its drilling targets in Permian Basin comprise Clearfork, Dean, Wolfcamp Shale, Canyon Sands, Strawn and Ellenburger zones. Approach Resources is headquartered in Fort Worth, Texas, the US.

Scope

The report provides in-depth analysis and insights into companies’ capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -

  • The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
  • Provides details with respect to the company’s oil and gas reserves and production information by country. It further consists of in-depth information on the company’s expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
  • Provides a comprehensive overview of the company’s share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
  • Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.
*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
  • Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
  • Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
  • Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
  • Formulate your strategies based on in-depth analysis of your competitors’ financial and operational data.
  • Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
  • Establish relative performance among the industry’s players based on key operational and financial measures.


Company Snapshot
Key Information
Company Overview
Approach Resources Inc, Valuation and Financial Data
Approach Resources Inc, Share Price Performance
Share Price Performance, Q4, 2016-Q4, 2017
Approach Resources Inc, Key Valuation Metrics
Key Valuation Metrics, Q4, 2016-Q4, 2017
Approach Resources Inc, Quarterly Results of Oil & Gas Operations Per boe Produced
Results of Oil & Gas Operations Per boe Produced, Q4, 2016-Q4, 2017
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2016-Q4, 2017
Approach Resources Inc, Quarterly E&P Costs Trends
Upstream Capital Expenditure, Q4, 2016-Q4, 2017
Approach Resources Inc, Quarterly Production Trends
Approach Resources Inc, Total Oil and Gas Production
Total Crude Oil and Natural Gas Production Trend, Q4, 2016-Q4, 2017
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017
Approach Resources Inc, Crude Oil Production
Total Crude Oil Production Trend, Q4, 2016-Q4, 2017
Crude Oil Production, By Country/Region, Q4, 2016-Q4, 2017
Approach Resources Inc, Natural Gas Production
Total Natural Gas Production Trend, Q4, 2016-Q4, 2017
Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017
Approach Resources Inc, Valuation and Financial Data, 2013-2017
Approach Resources Inc, Share Price Performance, 2013-2017
Share Price Performance, 2013-2017
Key Valuation Metrics, 2013-2017
Approach Resources Inc, Production and Reserves Trends
Total Oil and Gas, Reserves and Production
Total Crude Oil and Natural Gas Production and Reserves Trend, 2013-2017
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2013-2017
Total Crude Oil and Natural Gas Reserve Changes, 2013-2017
Crude Oil/Liquids Production and Reserve
Crude Oil/Liquids Production and Reserve Trend, 2013-2017
Crude Oil Production and Reserves By Country/Region, 2013-2017
Crude Oil/Liquids Reserve Changes, 2013-2017
Natural Gas Production and Reserve
Natural Gas Production and Reserve Trend, 2013-2017
Natural Gas Production and Reserves, By Country/Region, 2013-2017
Natural Gas Reserve Changes, 2013-2017
Total Crude Oil and Natural Gas Reserves Life Index
Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017
Approach Resources Inc, E&P Costs Trends
Allocation of the Upstream Capital Expenditure
Upstream Capital Expenditure, 2013-2017
Exploration and Development Costs, By Country/Region, 2013-2017
Oil and Gas Cost Per boe, US$/boe
Oil and Gas Cost Per boe, US$/boe, 2013-2017
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2013-2017
Approach Resources Inc, Reserve Replacement Ratio
Oil and Gas Production Replacement Ratio
Oil and Gas Production Replacement Ratio, 2013-2017
Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017
Approach Resources Inc, Results of Oil & Gas Operations Trend
Oil and Gas Revenue and Expenses
Oil and Gas Revenue and Expenses, 2013-2017
Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017
Oil and Gas Revenue and Expenses, Per boe
Oil and Gas Revenue and Expenses, By boe, 2013-2017
Oil and Gas Performance Metrics
Approach Resources Inc, Land Holdings and Well Data
Developed and Undeveloped Acreage
Gross and Net Developed and Undeveloped Acreage, 2013-2017
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2013-2017
Well Statistics
Producible Oil and Gas Well, 2013-2017
Producible Oil and Gas Well, By Country/Region, 2013-2017
Exploration and Development Wells Drilled, 2013-2017
Exploration and Development Wells Drilled, By Country/Region, 2013-2017
Recent Developments
Approach Resources Inc - Recent Developments
May 02, 2018: Approach Resources Reports First Quarter 2018 Results And Reaffirmation Of $325 Million Borrowing Base
Mar 08, 2018: Approach Resources Reports Fourth Quarter And Full-Year 2017 Financial And Operating Results And Provides 2018 Outlook
Dec 21, 2017: Approach Resources Extends Revolving Credit Facility Maturity And Reaffirms Borrowing Base
Nov 01, 2017: Approach Resources Reports Third Quarter 2017 Results
Aug 02, 2017: Approach Resources Reports Second Quarter 2017 Results, Resumes Production Growth
May 04, 2017: Approach Resources Reports First Quarter 2017 Results
Mar 09, 2017: Approach Resources Reports 2016 Fourth Quarter And Full-Year Financial And Operating Results And Provides 2017 Outlook
Jan 30, 2017: Approach Resources names new president
Appendix
Methodology
Coverage
Secondary Research
Primary Research
Data Information Sources
Company Source
SEC/Other Regulatory Filings
Other Sources
Expert Panel Validation
Data Definition
Oil and Gas Reserves
Units of Measure
About GlobalData
Disclosure
Disclaimer
List of Tables
Table 1: Approach Resources Inc, Key Facts
Table 2: Approach Resources Inc, Share Price Performance, Q4, 2016-Q4, 2017
Table 3: Approach Resources Inc, Key Valuation Metrics, Q4, 2016-Q4, 2017
Table 4: Approach Resources Inc, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017
Table 5: Approach Resources Inc, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2016-Q4, 2017
Table 6: Approach Resources Inc, Upstream Capital Expenditure, Q4, 2016-Q4, 2017
Table 7: Approach Resources Inc, Total Crude Oil and Natural Gas, Production, Q4, 2016-Q4, 2017
Table 8: Approach Resources Inc, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017
Table 9: Approach Resources Inc, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017
Table 10: Approach Resources Inc, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017
Table 11: Approach Resources Inc, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017
Table 12: Approach Resources Inc, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017
Table 13: Approach Resources Inc, Share Price Performance, 2013-2017
Table 14: Approach Resources Inc, Key Valuation Metrics, 2013-2017
Table 15: Approach Resources Inc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017
Table 16: Approach Resources Inc, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017
Table 17: Approach Resources Inc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017
Table 18: Approach Resources Inc, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017
Table 19: Approach Resources Inc, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017
Table 20: Approach Resources Inc, Crude Oil Reserve Changes, mmbbl, 2013-2017
Table 21: Approach Resources Inc, Natural Gas Production and Reserves Metrics, bcf, 2013-2017
Table 22: Approach Resources Inc, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017
Table 23: Approach Resources Inc, Natural Gas Reserve Changes, bcf, 2013-2017
Table 24: Approach Resources Inc, Oil and Gas Reserves Life Index, Years, 2013-2017
Table 25: Approach Resources Inc, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017
Table 26: Approach Resources Inc, Upstream Capital Expenditure, US$ mil, 2013-2017
Table 27: Approach Resources Inc, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2013-2017
Table 28: Approach Resources Inc, Exploration and Development Costs, By Country/Region, US$ mil, 2013-2017
Table 29: Approach Resources Inc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017
Table 30: Approach Resources Inc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2013-2017
Table 31: Approach Resources Inc, Oil and Gas Production Replacement Ratio, %, 2013-2017
Table 32: Approach Resources Inc, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017
Table 33: Approach Resources Inc, Revenue and Expenses, US$ mil, 2013-2017
Table 34: Approach Resources Inc, Revenue and Expenses, By Country/Region, US$ mil, 2013-2017
Table 35: Approach Resources Inc, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017
Table 36: Approach Resources Inc, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2013-2017
Table 37: Approach Resources Inc, Oil and Gas Performance Metrics, 2013-2017
Table 38: Approach Resources Inc, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017
Table 39: Approach Resources Inc, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2013-2017
Table 40: Approach Resources Inc, Producible Oil and Gas Wells, 2013-2017
Table 41: Approach Resources Inc, Producible Oil and Gas Wells, By Country/Region, 2013-2017
Table 42: Approach Resources Inc, Exploratory and Developed Wells, 2013-2017
Table 43: Approach Resources Inc, Exploratory and Developed Wells, By Country/Region, 2013-2017
List of Figures
Figure 1: Approach Resources Inc, Share Price Performance, USD/Share, Q4, 2016-Q4, 2017
Figure 2: Approach Resources Inc, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2016-Q4, 2017
Figure 3: Approach Resources Inc, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017
Figure 4: Approach Resources Inc, Upstream Capital Expenditure, US$ mil, Q4, 2016-Q4, 2017
Figure 5: Approach Resources Inc, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2016-Q4, 2017
Figure 6: Approach Resources Inc, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017
Figure 7: Approach Resources Inc, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017
Figure 8: Approach Resources Inc, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017
Figure 9: Approach Resources Inc, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017
Figure 10: Approach Resources Inc, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017
Figure 11: Approach Resources Inc, Share Price Performance, USD/Share, 2013-2017
Figure 12: Approach Resources Inc, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2013-2017
Figure 13: Approach Resources Inc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017
Figure 14: Approach Resources Inc, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017
Figure 15: Approach Resources Inc, Total Oil & Gas Production, By Country/Region, mmboe, 2013-2017
Figure 16: Approach Resources Inc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2017
Figure 17: Approach Resources Inc, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017
Figure 18: Approach Resources Inc, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017
Figure 19: Approach Resources Inc, Oil Production, By Country/Region, mmbbl, 2013-2017
Figure 20: Approach Resources Inc, Crude Oil Reserve Changes, mmbbl, 2017
Figure 21: Approach Resources Inc, Natural Gas Production and Reserves Metrics, bcf, 2013-2017
Figure 22: Approach Resources Inc, Gas Reserves, End of Period, By Country/Region, bcf, 2013-2017
Figure 23: Approach Resources Inc, Gas Production, By Country/Region, bcf, 2013-2017
Figure 24: Approach Resources Inc, Natural Gas Reserve Changes, bcf, 2017
Figure 25: Approach Resources Inc, Oil and Gas Reserves Life Index, Years, 2013-2017
Figure 26: Approach Resources Inc, Gas Reserve Life Index, By Country/Region, Years, 2013-2017
Figure 27: Approach Resources Inc, Oil & Gas Reserve Life Index, By Country/Region, Years, 2013-2017
Figure 28: Approach Resources Inc, Oil Reserve Life Index, By Country/Region, Years, 2013-2017
Figure 29: Approach Resources Inc, Upstream Capital Expenditure, US$ mil, 2013-2017
Figure 32: Approach Resources Inc, Development Costs, By Country/Region, US$ mil, 2013-2017
Figure 33: Approach Resources Inc, Exploration Costs, By Country/Region, US$ mil, 2013-2017
Figure 34: Approach Resources Inc, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017
Figure 35: Approach Resources Inc, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017
Figure 37: Approach Resources Inc, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017
Figure 38: Approach Resources Inc, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017
Figure 39: Approach Resources Inc, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2013-2017
Figure 40: Approach Resources Inc, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2013-2017
Figure 41: Approach Resources Inc, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2013-2017
Figure 42: Approach Resources Inc, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2013-2017
Figure 43: Approach Resources Inc, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2013-2017
Figure 44: Approach Resources Inc, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2013-2017
Figure 45: Approach Resources Inc, Revenue and Expenses, US$ mil, 2013-2017
Figure 46: Approach Resources Inc, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017
Figure 47: Approach Resources Inc, Exploration Expenses, By Country/Region, US$ mil, 2013-2017
Figure 49: Approach Resources Inc, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017
Figure 50: Approach Resources Inc, Oil & Gas Revenue, By Country/Region, US$ mil, 2013-2017
Figure 51: Approach Resources Inc, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017
Figure 52: Approach Resources Inc, Production Costs, By Country/Region, US$ mil, 2013-2017
Figure 53: Approach Resources Inc, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017
Figure 54: Approach Resources Inc, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017
Figure 57: Approach Resources Inc, Lifting Cost per boe, By Country/Region, US$/boe, 2013-2017
Figure 59: Approach Resources Inc, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2013-2017
Figure 60: Approach Resources Inc, Total DD&A per boe, By Country/Region, US$/boe, 2013-2017
Figure 61: Approach Resources Inc, Total Revenue per boe, By Country/Region, US$/boe, 2013-2017
Figure 62: Approach Resources Inc, Oil and Gas Performance Metrics, 2013-2017
Figure 63: Approach Resources Inc, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017
Figure 64: Approach Resources Inc, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2013-2017
Figure 65: Approach Resources Inc, Total Net Undeveloped Acreage, By Country/Region, Acres, 2013-2017
Figure 66: Approach Resources Inc, Total Gross Developed Acreage, By Country/Region, Acres, 2013-2017
Figure 67: Approach Resources Inc, Total Net Developed Acreage, By Country/Region, Acres, 2013-2017
Figure 68: Approach Resources Inc, Producible Oil and Gas Wells, 2013-2017
Figure 69: Approach Resources Inc, Gross Productive Gas Wells, By Country/Region, Number, 2013-2017
Figure 70: Approach Resources Inc, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017
Figure 71: Approach Resources Inc, Gross Productive Oil Wells, By Country/Region, Number, 2013-2017
Figure 72: Approach Resources Inc, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2013-2017
Figure 73: Approach Resources Inc, Net Productive Gas Wells, By Country/Region, Number, 2013-2017
Figure 74: Approach Resources Inc, Net Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017
Figure 75: Approach Resources Inc, Net Productive Oil Wells, By Country/Region, Number, 2013-2017
Figure 76: Approach Resources Inc, Exploratory and Developed Wells, 2013-2017

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