Current AREX Stock Info

Ross Craft, Chairman, CEO and President of Approach Resources Inc. (NASDAQ: AREX), presented today at EnerCom’s The Oil & Gas Conference® 20.

Approach Resources Inc. is an independent energy company focused on exploration and development in Texas.

The company record quarterly production of 1,391 MBoe, an 8% increase over the prior-year quarter. Revenues totaled $38.6 million. Both per-unit lease operating expense and per-unit cash operating expense decreased 20% and 26%, respectively, from the prior year quarter.

During the company’s breakout session, management was asked the following questions:

  • What approach does the company use to stay cash flow positive?
  • You said the company has favorable lease terms, do you think your lease contract terms are different from other companies’?
  • What are the capital expenditures for 2016 that you are targeting?
  • What do you think it will mean to the borrowing base when the company lowers production?
  • Could you talk about the economics of the water recycling facility?
  • Can you explain the security basket?
  • Does the company have a sinking fund that is maturing?
  • Can you pay using the unused credit term if the sinking fund is maturing?
  • What is your transportation fee?
  • What is your guess for the future price of natural gas?
  • What’s the one year PDP define rate you mentioned?

Click here for the webcast.

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