Approach Resources - Operations

Permian
Pure & Simple

Operations Overview

Our core operating area is in the Permian Basin in West Texas, where we have a deep inventory of drilling locations targeting multiple zones and providing for successive years of production and reserve growth.

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Operations Overview
Permian Basin
Project Pangea & Pangea West
Targets:
Clearfork Wolfcamp Canyon Sands Strawn Ellenburger

We are applying outside the box thinking, using advanced technology and infrastructure to improve recoveries while maintaining our industry leading cost controls and operating efficiencies.

Our extensive network of centralized production facilities, water transportation, handling and recycling systems, gas lift lines and salt water disposal wells reduces the need for trucks, reduces fresh water usage, improves drilling and completion efficiencies and drives down drilling and completion and operating costs. We were able to reduce our lease operating expenses by 7% or $1.3 million, in 2017, partially due to this infrastructure investment.

As of December 31, 2017, we had drilled and completed more than 180 horizontal Wolfcamp wells. We have successful wells targeting each of the Wolfcamp benches, and we continue development of the Wolfcamp shale in 2018.

Operating Strategically and Responsibly

We’ve approached this resource play strategically, and believe the benefits will be long-term:

With multi-well pad drilling and stacked wellbores, we drill multiple wells from a single pad, target several zones and minimize our land use.
We built a water infrastructure network and significantly reduced truckloads previously needed for water hauling.
We are recycling the water we use. It’s environmentally responsible, and it’s helping us reduce our operating costs.