Ross Craft, President and Chief Executive Officer and Steve Smart, Executive Vice President and Chief Financial Officer of Approach Resources (AREX) presented today at EnerCom’s The Oil & Gas Conference® 17. Approach Resources Inc. is an independent oil and natural gas company with headquarters in Fort Worth, Texas. Approach aims to explore and develop unconventional oil and gas reserves at best-in-class operating and development costs. Approach’s core operating area is in the Permian Basin in West Texas.
During the company’s breakout session, management was asked the following questions:
- In regards to your current wells, is the cost staying relatively flat?
- Can you comment a little on your competitors El Paso and BHP?
- Do you foresee any constraints for services you need given the competition around the area?
- How many wells per section do you believe you can get up to?
- What do you expect to be necessary capital expenditures for infrastructure needs going forward?
- What are the major obstacles you’re working with as far as completing wells right now?
- How much fracturing fluid have you been recovering?
- Approach is one of the first companies using stacked laterals, how are you looking at drilling and designing that?
- What are the monthly operating costs you’re seeing on the horizontals and what do you think you can get that down to?
- When would you bring additional horizontal rigs in?
- Based on your current stacking levels, what would be going too fast in the play?
- Over such a large geographical area, what is the biggest geologic risk that you see?
Click here for Approach Resources’ webcast.
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