Approach Resources (AREX) Misses Q1 EPS by 1c
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Approach Resources Inc. Reports First Quarter 2015 Results
May 6, 2015 4:30 PM EDTFORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) today reported results for first quarter 2015. Highlights for first quarter 2015 include:
Production was 14.3 MBoe/d, a 21% increase over the prior-year quarter EBITDAX was $33.4 million, or $0.83 per diluted share Per unit cash operating expenses decreased 27% from the prior-year period Adjusted net loss was $1.3 million, or $0.03 per diluted share Average IP for horizontal Wolfcamp wells in first quarter 2015 was 723 Boe/d (56% oil) Lenders reaffirmed credit... More