• Approach Resources reported Q1 production of 8,400 boepd, up from Q4's 7,900 boepd. EBITDAX for Q1 was $24.4 million, up from Q4's $20.6 million. The company continues to drive down well costs and averaged $6.1 million per well in Q1 compared with $6.4 million for the second half of 2012. Approach said it was encouraged by the initial results from its stacked wellbore pilot program and from ongoing development in the horizontal Wolfcamp......
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