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Approach Resources Inc
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August 2012 Investor Presentation
| Megan P. Hays | Page 7 of 11 |
October 31, 2024
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"August 2012 Investor Presentation"
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1% 12% 31% 56% 2012 Capital Program 7 Infrastructure & Equipment Vertical Wolffork & Recompletions Horizontal Wolfcamp Acreage 225Horizontal Wolfcamp 2 horizontal rigs Beginning development program of B zone Testing A & C zones 225Vertical Clearfork & Wolfcamp 1 vertical rig and recompletion program 225Infrastructure & Equipment Upfront investments to prepare for large - scale field development -Lower drilling and completion costs -Transportation for growing crude production 225Acreage 226 Strategic, bolt - on additions 225Targeting 28% production growth 2012 production guidance 2.9 MMBoe 226 3.1 MMBoe 2012 PROGRAM OVERVIEW 2012 Capital Program $260 MM