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Approach Resources Inc | Canaccord Genuity 5th Annual Global Energy Conference | Ross Craft | Page 18 of 11 | June 09, 2026

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| 18 | APPROACH RESOURCES 0 50 100 150 200 250 300 350 0 1 2 3 4 5 6 7 8 9 10 Gross Da ily Pr od uct ion Year Gross Oil (bbl/d) Sales Gas (mcf/d) Gross NGL (bbl/d) BOE (bbl/d) Horizontal Wolfcamp Well Profile Annual Decline 62% 31% 21% 16% 13% 11% 9% 8% 7% 6% Type/decline curves, estimated EURs, typical well related oil and gas in place, recovery factors and well costs represent Company estimates based on evaluation of petrophysical analysis, core data and well logs, well performance from limited drilling and recompletion results and seismic data, and have not been reviewed by independent engineers. These are presented as hypothetical recoveries if assumptions and estimates regarding recoverable hydrocarbons, OGIP, recovery factors and costs prove correct. The Company has very limited production experience with these projects, and accordingly, such estimates may change significantly as results from more wells are evaluated. Estimates of resource potential, EURs and OGIP do not constitute reserves, but constitute estimates of contingent resources which the SEC has determined are too speculative to include in SEC filings. IRR estimates assume NYMEX forward-curve gas pricing and Company-generated EUR and decline curve estimates based on Company drilling and completion cost estimates that do not include land, seismic or G&A costs. IP Profile 230 BO, 47 Bbls NGLs, 285 Mcf gas Avg. EUR 450 MBoe