Mon, May 28, 2012, 4:03 AM EDT - U.S. Markets closed for Memorial Day

Approach Resources reports 2011 total proved reserves up 52%

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SymbolPriceChange
AREX28.34-0.15

Total proved reserves increased 52% to 77.0 MMBoe, comprised of 61% oil and NGLs. Oil and NGL proved reserves increased 84% to 47.2 MMBbls. Total production increased 50% to 2.3 MMBoe (6.4 MBoe/d), comprised of 55% oil and NGLs. Oil and NGL production increased 152% to 1.3 MMBbls.

 

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