FORT WORTH, Texas--(BUSINESS WIRE)--Jun. 24, 2013--
Approach Resources Inc.(NASDAQ: AREX) (the “Company”) today
announced that Craig E. Young has joined the Company as Vice President –
Drilling and Completions.
Mr. Young has more than 30 years of operating and management experience
in the oil and gas industry, specializing in drilling engineering and
operations. His recent experience includes approximately 10 years with
EOG Resources, where he led the company’s development of the Eagle Ford
shale play. In this role, Mr. Young had oversight of the drilling,
completions and production teams and over 25 horizontal rigs in the
Eagle Ford. Before leading development of the Eagle Ford shale play, Mr.
Young oversaw the drilling, completions and production teams for EOG
Resources’ Barnett Shale and Barnett Combo plays. In addition, Mr. Young
has more than 14 years of experience in increasingly responsible
engineering roles with Marathon Oil Company.
Throughout his career, Mr. Young has established a track record of
reducing costs and maximizing operating efficiencies. He has been
involved in horizontal drilling for the past 25 years and has
substantial experience working in the Permian Basin as well as the Eagle
Ford and Barnett shale plays. Mr. Young holds a B.S. in Mechanical
Engineering from Texas Tech University and a U.S. Patent for his work in
horizontal drilling.
J. Ross Craft, Approach’s President and Chief Executive Officer,
commented on the announcement, “We are very pleased to welcome Craig to
our team. His proven success in leading the development of two major
horizontal shale plays will be invaluable as we transform our Wolfcamp
oil shale discovery into a full-scale development program.”
Participation in Upcoming Conference
The Company will participate in the GHS 100 Energy Conference in
Chicago, Illinois, on Tuesday, June 25, 2013, at 10:00 AM CT. The
presentation for the event will be available on the Investor Relations
section of the Company’s website, www.approachresources.com.
Additionally, the live presentation will be webcast and accessible
through the Company’s website.
Approach Resources Inc. 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 148,000 net acres. For more information about the Company,
please visit www.approachresources.com.
Please note that the Company routinely posts important information about
the Company under the Investor Relations section of its website.
Source: Approach Resources Inc.
Approach Resources Inc.
Megan P. Hays, 817.989.9000
Manager,
Investor Relations & Corporate Communications
