3 Jan 2013director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar received 3,576 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Jan 2013director interest notice● Neutral
Approach Resources Inc President & CEO J. Ross Craft had 22,016 shares withheld for taxes on vesting stock.
2 Jan 2013director interest notice● Neutral
Approach Resources Inc Chief Operating Officer Qingming Yang had 11,628 shares withheld for taxes on vesting stock.
2 Jan 2013director interest notice● Neutral
Approach Resources Inc EVP & General Counsel J Curtis Henderson had 14,058 shares withheld for taxes on vesting stock.
2 Jan 2013director interest notice● Neutral
Approach Resources Inc EVP - Land Ralph P. Manoushagian had 11,628 shares withheld for taxes on vesting stock.
2 Jan 2013director interest notice● Neutral
Approach Resources Inc President & CEO J. Ross Craft had 6,959 shares withheld for taxes on vesting stock.
2 Jan 2013director interest notice● Neutral
Approach Resources Inc EVP & CFO Steven P. Smart had 14,058 shares withheld for taxes on vesting stock.
21 Nov 2012debt financing● Neutral
On November 16, 2012 Approach signed a fourteenth amendment to its credit agreement, raising the cap on unsecured senior notes it may issue from $200 million to $400 million. For notes issued before October 1, 2013, the amendment removes the cut to the borrowing base that would otherwise apply. It also adds Approach Services, LLC and Approach Midstream Holdings LLC as guarantors. The filing does not say any notes are being issued yet.
3 Oct 2012director interest notice● Neutral
Approach Resources Inc director James C Crain received 329 shares as part of the equity award.
3 Oct 2012director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar received 329 shares as part of the equity award.
3 Oct 2012director interest notice● Neutral
Approach Resources Inc director Christopher J. Whyte received 165 shares as part of the equity award.
3 Oct 2012director interest notice● Neutral
Approach Resources Inc director Alan D Bell received 453 shares as part of the equity award.
20 Sept 2012material agreement● NeutralMajor
On September 19, 2012 Approach agreed to sell 5,000,000 new common shares to underwriters led by J.P. Morgan Securities, with a 30-day option for 750,000 more; closing is scheduled September 25, 2012. Proceeds are meant mainly to fund development of its Wolfcamp oil shale play and working capital, with credit facility borrowings repaid in the meantime. New shares dilute existing holders, and this is the third share sale since November 2010.
20 Sept 2012securities registration● Neutral
Approach Resources Inc filed a prospectus supplement for an offering off its existing shelf.
18 Sept 2012securities registration● Neutral
Approach Resources Inc filed a prospectus supplement for an offering off its existing shelf.
14 Sept 2012director interest notice● Neutral
Approach Resources Inc EVP - Land Ralph P. Manoushagian sold 2,166 shares at $34.00.
13 Sept 2012debt financing● Neutral
A thirteenth amendment, effective September 7, 2012, lets Approach hedge up to 100% of projected proved developed producing production for 36 months (up from 85%) and up to 85% for 60 months (up from a 36-month limit). Separately, on September 12, 2012 it signed a Crude Oil Purchase Agreement with Wildcat Permian Services LLC, a company in which Approach owns an interest, dedicating crude from certain Crockett County, Texas acreage; Wildcat will buy and transport it at a negotiated price.
3 Aug 2012quarterly activities report● Neutral
Approach Resources Inc reported a quarterly net income of $7.9 million for the period ended 2012-06-30.
3 Aug 2012quarterly activities report● Neutral
Approach Resources Inc reported a quarterly net income of $7.9 million for the period ended 2012-06-30.
30 July 2012director interest notice● Neutral
Approach Resources Inc EVP - Bus. Dev. & Geosciences Qingming Yang had 3,645 shares withheld for taxes on vesting stock.
27 July 2012quarterly activities report● Neutral
Approach Resources Inc reported a quarterly net income of $7.9 million for the period ended 2012-06-30.
3 July 2012director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar received 388 shares as part of the equity award.
3 July 2012director interest notice● Neutral
Approach Resources Inc director James H Brandi received 460 shares as part of the equity award.
3 July 2012director interest notice● Neutral
Approach Resources Inc director James C Crain received 388 shares as part of the equity award.
3 July 2012director interest notice● Neutral
Approach Resources Inc director Christopher J. Whyte received 388 shares as part of the equity award.
3 July 2012director interest notice● Neutral
Approach Resources Inc director Alan D Bell received 533 shares as part of the equity award.
6 June 2012director interest notice● Neutral
Approach Resources Inc EVP - Land Ralph P. Manoushagian had 1,988 shares withheld for taxes on vesting stock.
6 June 2012director interest notice● Neutral
Approach Resources Inc EVP & CFO Steven P. Smart had 3,976 shares withheld for taxes on vesting stock.
6 June 2012director interest notice● Neutral
Approach Resources Inc President & CEO J. Ross Craft had 6,959 shares withheld for taxes on vesting stock.
6 June 2012director interest notice● Neutral
Approach Resources Inc EVP & General Counsel J Curtis Henderson had 2,885 shares withheld for taxes on vesting stock.