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Approach Resources' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Approach Resources Inc. (AREX)

Q2 2012 Earnings Call

August 3, 2012 11:00 AM ET

Executives

Ross Craft – President and CEO

Steve Smart – EVP and CFO

Qingming Yang – EVP, Business Development and Geosciences

Analysts

Jack Aydin – KeyBanc Capital Markets

Irene Haas – Wunderlich Securities

Leo Mariani – RBC

Welles Fitzpatrick – Johnson Rice

Kim Pacanovsky – MLV & Company

Mario Barraza – Tuohy Brothers

Jeff Hayden – KLR Group

Gordon Douthat – Wells Fargo

Robert Miller – Boulevard Trust

Mike Kelly – Global Hunter Securities

Tim Rezvan – Sterne Agee

Liam Kelly – Howard Weil

Presentation

Operator

Good morning, everyone, and welcome to the Approach Resources Second Quarter 2012 Earnings Conference Call and Audio Webcast. Today’s call is being recorded. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session at the end of today’s conference call.

Management’s remarks today will include forward-looking statements. These statements are subject to many factors that could cause actual results to differ materially from management’s expectations as expressed in those forward-looking statements. Those factors are described in the company’s SEC filings and management refers you to the company’s website or to the SEC’s website to review those filings.

The company undertakes no obligation to publicly update or revise any forward-looking statements. During the call, management will refer to certain non-GAAP financial measures. Reconciliations of these measures are provided in the second quarter 2012 earnings release and have been posted to the company’s website under the non-GAAP financial information page at www.approachresources.com.

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