Approach Resources (AREX) Reports In-Line Q2 EPS
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Approach Resources Inc. Reports Second Quarter 2015 Results
August 5, 2015 4:30 PM EDTFORT WORTH, Texas--(BUSINESS WIRE)-- Approach Resources Inc. (NASDAQ: AREX) today reported results for second quarter 2015. Highlights for second quarter 2015 include:
Record quarterly production of 1,391 MBoe, or 15.3 MBoe/d, an 8% increase over the prior-year quarter and an 8% increase over first quarter 2015 EBITDAX was $32.6 million, or $0.80 per diluted share Revenues totaled $38.6 million. Including realized hedge gains, revenues were $47.9 million Per-unit lease operating expense decreased 20% from the prior year-year quarter, and 10% from first quarter 2015, to $4.97 per Boe... More