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Approach Resources, Inc. (AREX)


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Approach Resources, Inc.

One Ridgmar Centre
6500 West Freeway
Fort Worth, TX 76116
United States
817-989-9000
http://www.approachresources.com

SectorBasic Materials
IndustryIndependent Oil & Gas
Full Time Employees100

Key Executives

NameTitlePayExercisedAge
Mr. J. Ross Craft P.E.Founder, Chairman and Chief Exec. OfficerN/AN/A60
Dr. Qingming Yang Ph.D.Pres and Chief Operating OfficerN/AN/A54
Mr. Sergei KrylovChief Financial Officer and Exec. VPN/AN/A40
Mr. J. Curtis HendersonChief Admin. Officer and Corp. Sec.N/AN/A54
Ms. Suzanne ogleVP of Investor Relations and Corp. CommunicationsN/AN/AN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the United States. The company’s properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin. As of December 31, 2016, its estimated proved reserves were 156.4 million barrels of oil equivalent located in Crockett and Schleicher counties, Texas. As of the above date, the company owned and operated 806 producing oil and gas wells in the Permian Basin. Approach Resources, Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas.

Corporate Governance

Approach Resources, Inc.’s ISS Governance QualityScore as of July 1, 2017 is 6. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 8; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.