Asset report

Approach Resources - US Permian

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Report summary

Approach Resources is an independent exploration and production company. The company was incorporated in 2002 and remained a private entity until its IPO in 2007. The company is primarily focused on developing the Wolfcamp Shale in the Midland Basin with horizontal wells. Additionally, Approach has legacy producing assets in the Wolffork, Canyon Sands and Strawn plays.

What's included

This report contains

  • Document

    Approach Resources

    PDF 617.96 KB

  • Document

    Approach Resources

    XLS 851.50 KB

  • Document

    Approach Resources

    ZIP 1.34 MB

Table of contents

  • Key facts
    • Summary
      • Debt for equity deal positions AREX for a ramp-up in activity
      • Water recycling center drives down LOE and D&C costs
      • Horizontal Wolfcamp development assumptions
  • Location maps
    • Recent acquisitions and divestments
    • Reserves assumptions
    • Reserves methodology
  • Production
  • Development
  • Costs
  • Fiscal and regulatory
    • Cash flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • NGL price
    • Gas price
  • Economic analysis

Tables and charts

This report includes 29 images and tables including:

Images

  • Approach Resources wells by completion year (2013-2016)
  • Production Profile by Resource Type
  • Net Development Drilling by Resource Type (2013-2022)
  • Capital Costs by Basin 2013-2022 (US$ million)
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10.0% from January 2018
  • Remaining Revenue Distribution (Discounted at 10.0% from January 2018)
  • Remaining Present Value Sensitivities
  • Remaining 2P Reserves by Resource Type (at 01/01/2018)

Tables

  • Key facts: Table 1
  • Participation: Table 1
  • Production: Table 1
  • Production: Table 2
  • Development: Table 1
  • Capital costs
  • Costs: Table 2
  • Operating costs
  • Costs: Table 4
  • Fiscal and regulatory: Table 1
  • Cash flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Analysis results
  • Economic assumptions: Table 2
  • Summary and key issues: Table 1
  • Summary and key issues: Table 2

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