AREX News and Press, Approach Resources Inc.

Approach Resources ( AREX ) is nearing the end of its bankruptcy case, having agreed to a stalking horse bid and with an auction proposed for later this month. I previously noted that Approach's credit facility was likely to not see a full recovery. The weakening oil and gas pricing envir...

Approach Resources ( AREX ) filed for bankruptcy recently after a string of amendments to its limited forbearance agreement. It received $16.5 million in new money DIP financing, and I would be surprised if there is any value left for its unsecured bonds. Approach's wells simply do not per...

After weeks of mystery and months of foreshadowing, the end has finally come for oil and gas E&P (exploration and production) firm Approach Resources ( AREX ). For months now, I have been arguing that the firm was on its way to declaring bankruptcy, with the only likely way for it to b...

Approach Resources (NASDAQ: AREX ) says it has commenced Chapter 11 bankruptcy proceedings to explore strategic alternatives, including the restructuring of its balance sheet or the sale of its business as a going concern in a court-supervised process. More news on: Approach Resources, I...

Approach Resources Inc. (OTC: AREX) announced today that it, along with all of its subsidiaries, has commenced a voluntary Chapter 11 case in the United States Bankruptcy Court for the Southern District of Texas (Houston Division) to explore strategic alternatives, including, without limita...

Approach Resources ( AREX ) continues to receive amendments to its limited forbearance agreement, but is likely to restructure during the next couple months. It is running low on money at low-$50s oil and is very unlikely to make its December unsecured bond interest payment. It also appears ...

Even as evidence (excluding the trade wars) builds up that the oil market should look better in the future than many investors seem to think, many of the players in the space continue to suffer. Few, however, have it as bad off as Approach Resources ( AREX ), a small E&P (exploration a...

Approach Resources ( AREX ) remains in a state of limbo as it has received yet another amendment to its forbearance agreement (which was originally entered into in May). The amendment notes that Approach has hired a company known for providing restructuring advice, and it appears that a rest...

Approach Resources ( AREX ) is focusing on preserving capital and has suspended its drilling and completion activity, which makes sense given that it had only around $7 million in available liquidity at the end of Q2 2019. The declining production makes it less likely that there will be any ...

Approach Resources, Inc. (AREX) Q2 2019 Results Earnings Conference Call August 09, 2019, 10:00 AM ET Company Participants Ian Shaw - CAO Sergei Krylov - CEO Troy Hoefer - SVP of Engineering Conference Call Participants Presentation Operator Good morning, ladies and...