This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Approach Resources Inc. Reports Estimated 2012 Production, Provides Operations Update And 2013 Outlook And Schedules Fourth Quarter 2012 Conference Call

Commodity Derivatives Update

We enter into commodity derivatives positions to reduce the risk of commodity price fluctuations. For 2013, we have commodity derivatives positions covering 2,300 Bbls/d of oil for February 1, 2013, through December 31, 2013. The table below is a summary of our current derivatives positions.

Commodity and Time Period   Contract Type   Volume Transacted   Contract Price
Crude Oil – 2013 Collar 650 Bbls/d $90.00/Bbl – $105.80/Bbl
Crude Oil – 2013 Collar 450 Bbls/d $90.00/Bbl – $101.45/Bbl
Crude Oil –

February 2013 – December 2013

Collar 1,200 Bbls/d $90.35/Bbl – $100.35/Bbl
Crude Oil – 2014 Collar 550 Bbls/d $90.00/Bbl – $105.50/Bbl
Natural Gas – 2013 Swap 200,000 MMBtu/month $3.54/MMBtu
Natural Gas – 2013 Swap 190,000 MMBtu/month $3.80/MMBtu
 

Conference Call Scheduled for February 22, 2013

Approach will host a conference call on Friday, February 22, 2013, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) to discuss fourth quarter and full year 2012 financial and operating results. The Company plans to issue fourth quarter and full year 2012 results after market close on Thursday, February 21, 2013.

4 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs