Key Developments For Approach Resources Inc.
Approach Resources Inc. (AREX.O) (Nasdaq)
Approach Resources Inc. Lowers High End Of Prior FY 2009 Production Guidance; Comments On FY 2010 Production Guidance
Approach Resources Inc. revised fiscal 2009 production guidance and expects production of 8,700-9,000 (MMcfe). Earlier the Company expected production of 8,700-9,400 (MMcfe). For fiscal 2010, it expects production of 8,900-9,400 (MMcfe).
Approach Resources Inc. Lowers FY 2009 Production Guidance
Approach Resources Inc. revised fiscal 2009 production guidance and expects production of 8,700-9,400 (MMcfe). Earlier the Company expected production of 9,400-9,900 MMcfe).
Approach Resources Inc. Issues Q4 2008 Production Guidance
Approach Resources Inc. announced that production for the fourth quarter of 2008 is expected to be approximately 2.6 Bcfe (28.3 MMcfe/d). The Company's fiscal 2008 production is expected to be 8.7 Bcfe (23.8 MMcfe/d). For fiscal 2009, the Company expects production to be 9,400-9,900 (MMcfe).
Approach Resources Inc. Reaffirms FY 2008 Production Guidance
Approach Resources Inc. reaffirmed its fiscal 2008 production guidance and expects total production to be 8,000 - 8,500 MMcfe.
Approach Resources Inc. Lowers FY 2008 Production Guidance
Approach Resources Inc. lowered its fiscal 2008 production growth guidance and expects annual production growth to be in the range of 51% - 60%, or 8,000 MMcfe - 8,500 MMcfe, over fiscal 2007 production of 5,305 MMcfe. The Company cited due to shut-in of production caused by Hurricane Ike, as well as a previously-reported shut-in of Ozona Northeast related to the rupture of a third-party pipeline as the primary reason to lower its production guidance.
