- 2012 Production up 24% to 7.9 MBoe/d
- 2012 Oil production up 101% to 969 MBbls
- Fourth quarter 2012 production up 21% to 8.5 MBoe/d
- Fourth quarter 2012 oil production up 75% to 299 MBbls
Loose regulations and rejection of the climate agreement bring uncertainty to the sector.
Such unwarranted fears have depressed the sector, which could bounce back after Nov. 8.
Approach Resources (AREX) stock is soaring on Friday afternoon after the company posted a narrower-than-expected loss for the 2015 fourth quarter.
An increasing number of energy companies are likely to file for Chapter 11, if oil prices stay low, capital markets dry up and the banks cut back on lending.