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Approach Resources Inc. (AREX) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.The profile contains critical company information including:- Business description – A detailed description of the company’s operations and business divisions.- Corporate strategy – Analyst’s summarization of the company’s business strategy.- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.- Company history – Progression of key events associated with the company.- Major products and services – A list of major products, services and brands of the company.- Key competitors – A list of key competitors to the company.- Key employees – A list of the key executives of the company.- Executive biographies – A brief summary of the executives’ employment history.- Key operational heads – A list of personnel heading key departments/functions.- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.- Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.HighlightsApproach Resources Inc. (Approach Resources) is an independent upstream oil and gas company. The company acquires oil and natural gas properties; and explores, develops and produces oil, natural gas and natural gas liquids (NGLs). It focuses on oil and gas reserves in oil shale and tight gas sands. Approach Resources has properties in the Midland Basin of the Permian Basin in West Texas. The company’s proved reserves are in Schleicher and Crockett. Its drilling targets in Permian Basin comprise Clearfork, Wolfcamp Shale, Canyon Sands, Strawn and Ellenburger zones. Approach Resources is headquartered in Fort Worth, the US.
The company focuses on developing its Wolfcamp shale oil resource play. To this end, it drilled 68 horizontal wells in 2014 in the Wolfcamp shale oil resource play and plans to continue developing its core properties in Project Pangea.Approach Resources Inc. Key Recent DevelopmentsMay 06, 2015: Approach Resources Reports First Quarter 2015 ResultsFeb 25, 2015: Approach Resources Reports Fourth Quarter And Full-Year 2014 Results And Provides 2015 OutlookFeb 11, 2015: Approach Resources Announces Record Annual Production and Proved ReservesNov 07, 2013: Approach Resources Reports Third Quarter 2013 ResultsNov 07, 2013: Approach Resources Names Sergei Krylov Executive Vice President and Chief Financial OfficerKey benefits of buying this profile include:You get detailed information about the company and its operations to identify potential customers and suppliers.- The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.- The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.- Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance.- Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.Gain key insights into the company for academic or business research.- Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.Note: Some sections may be missing if data is unavailable for the company
Table of ContentsTable of Contents 2List of Tables 4List of Figures 5Section 1 - About the Company 5Approach Resources Inc. - Key Facts 6Approach Resources Inc. - Key Employees 7Approach Resources Inc. - Key Employee Biographies 8Approach Resources Inc. - Major Products and Services 9Approach Resources Inc. - History 10Approach Resources Inc. - Company Statement 12Approach Resources Inc. - Locations And Subsidiaries 14Head Office 14Other Locations & Subsidiaries 14Section 2 – Company Analysis 15Approach Resources Inc. - Business Description 15Approach Resources Inc. - Corporate Strategy 16Approach Resources Inc. - SWOT Analysis 17SWOT Analysis - Overview 17Approach Resources Inc. - Strengths 17Strength - Concentrated Operations 17Strength - Increasing Production 17Strength - Strong Reserve Replacement Ratio 17Approach Resources Inc. - Weaknesses 18Weakness - Working Capital Deficit 18Approach Resources Inc. - Opportunities 19Opportunity - Potential Growth for Unconventional Oil and Gas 19Opportunity - Focus on Developing the Wolfcamp shale oil resource play 19Opportunity - Prospective North American Shale Gas Industry 19Approach Resources Inc. - Threats 20Threat - Dependence on Few Customers 20Threat - Declining Oil Prices 20Threat - Stringent Regulations 20Approach Resources Inc. - Key Competitors 21Section 3 – Company Financial Ratios 22Financial Ratios - Capital Market Ratios 22Financial Ratios - Annual Ratios 23Performance Chart 25Financial Performance 25Financial Ratios - Interim Ratios 26Financial Ratios - Ratio Charts 27Section 4 – Company’s Oil & Gas Financial Deals and Alliances 28Approach Resources Inc., Oil & Gas, Deals By Year, 2009 to YTD 2015 28Approach Resources Inc., Oil & Gas, Deals By Type, 2009 to YTD 2015 29Approach Resources Inc., Recent Deals Summary 30Section 5 – Company’s Recent Developments 31May 06, 2015: Approach Resources Reports First Quarter 2015 Results 31Feb 25, 2015: Approach Resources Reports Fourth Quarter And Full-Year 2014 Results And Provides 2015 Outlook 33Feb 11, 2015: Approach Resources Announces Record Annual Production and Proved Reserves 36Dec 16, 2014: Approach Resources Announces 2015 Capital Expenditure Budget And Production Forecast 37Nov 05, 2014: Approach Resources Reports Third Quarter 2014 Results 38Nov 05, 2014: Approach Resources Announces Changes To The Board 40Aug 04, 2014: Approach Resources IReports Second Quarter 2014 Results 41May 12, 2014: Approach Resources Names John L. Harris Vice President – Land 43May 08, 2014: Approach Resources Inc. Reports First Quarter 2014 Results 44May 08, 2014: Approach Resources Inc. Names Uma L. Datla Chief Accounting Officer 45Section 6 – Appendix 46Methodology 46Ratio Definitions 46About GlobalData 50Contact Us 51Disclaimer 51List of TablesApproach Resources Inc., Key Facts 6Approach Resources Inc., Key Employees 7Approach Resources Inc., Key Employee Biographies 8Approach Resources Inc., Major Products and Services 9Approach Resources Inc., History 10Approach Resources Inc., Subsidiaries 14Approach Resources Inc., Key Competitors 21Approach Resources Inc., Ratios based on current share price 22Approach Resources Inc., Annual Ratios 23Approach Resources Inc., Interim Ratios 26Approach Resources Inc., Oil & Gas, Deals By Year, 2009 to YTD 2015 28Approach Resources Inc., Oil & Gas, Deals By Type, 2009 to YTD 2015 29Approach Resources Inc., Recent Deals Summary 30Currency Codes 46Units 46Capital Market Ratios 46Equity Ratios 47Profitability Ratios 47Cost Ratios 48Liquidity Ratios 48Leverage Ratios 49Efficiency Ratios 49List of FiguresApproach Resources Inc., Performance Chart (2010 - 2014) 25Approach Resources Inc., Ratio Charts 27Approach Resources Inc., Oil & Gas, Deals By Year, 2009 to YTD 2015 28Approach Resources Inc., Oil & Gas, Deals by Type, 2009 to YTD 2015 29