Approach Resources Inc : Approach Resources Inc. Reports second quarter 2016 results . Q2 adjusted Non-GAAP loss per share $0.25 . Q2 revenue $22.4 million versus I/B/E/S view $22.6 million . Q2 loss per share $0.39 . Q2 earnings per share view $-0.27 -- Thomson Reuters I/B/E/S . Approach Resources Inc says plan to complete three wells in Q3 2016, and expect Q3 production to average around 11.9 mboe/d . Approach Resources Inc says Q2 production was 12.6 mboe/d, exceeding prior guidance for quarter .Approach Resources Inc says at June 30, 2016, had $1 billion revolving credit facility in place, with borrowing base and lender commitment amount of $325 million.
Approach Resources Inc:Expects FY 2015 total production to be in range of 5,400 -- 5,550 mboe.