
Approach Resources’ 2017 CapEx Triples 2016’s Spend
Drilling and completion activities resume Permian operator Approach Resources (ticker: AREX) reported fourth quarter results and reserves March 9, showing a net loss of $13.5 million, or ($0.32) per share. Net results for 2016 are a loss of $52.2 million, or ($1.26) per share. After adjusting for commodity derivative results, net fourth quarter and full year losses are ($0.27) and
