Approach Resources Sells Stake in Oil Pipeline for $108 Million; Records 575% Return on Investment
September 19, 2013
Approach Resources Inc. (ticker: AREX) is an independent oil and gas company with core operations, production and reserves located in the Permian Basin in West Texas. The company targets multiple oil and liquids-rich formations in the Permian Basin, where the company operates approximately 152,000 net acres. Approach announced on September 19, 2013 the definitive agreement to sell its interest in
