Approach Resources Company Description
Approach Resources takes a different approach to natural gas and oil exploration, development, and production. Specializing in finding and exploiting unconventional reservoirs, the company operates primarily in West Texas' Ozona Northeast field. It also has operations in Western Kentucky, and Northern New Mexico. The company's unconventional designation results from a focus on developing natural gas reserves in tight gas sands and shale areas, necessitating a reliance on advanced completion, fracturing and drilling techniques. In 2008 Approach Resources reported proved reserves of 193.7 billion cu. ft. of oil equivalent, with a reserve life index of about 19 years. Yorktown Energy Partners controls the company.
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The Company Description provides a historical perspective of Approach Resources's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Approach Resources's evolution in the marketplace.
