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Stock Market & Financial Investment News

News Breaks
March 22, 2013
17:57 EDTAREXApproach Resources reports temporary cut in production for facility repair
Approach Resources reported that a portion of daily production has been curtailed due to third-party fractionation facility repair and maintenance following an electrical storm. Average volumes of approximately 6.1 MBoe/d have been curtailed since the second week of March. Curtailed volumes are expected to be brought back online in the coming days. Before curtailment, the company's estimated production for Q1 was averaging approximately 9.2 MBoe/d. Assuming operations resume timely, the company's 2013 production guidance is expected to remain unchanged.
News For AREX From The Last 14 Days
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February 25, 2015
18:31 EDTAREXApproach Resources reports Q4 adjusted EPS 8c, consensus 10c
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18:25 EDTAREXApproach Resources sees FY15 CapEx approximately $160M
The company said, "In December 2014, we announced a capital spending budget for 2015 of $180 million. Given the continued decline in crude oil prices, we have further reduced our spending plans by an additional 11% to approximately $160 million, including up to $9 million for infrastructure expenses. We plan to operate an average of one rig in 2015, compared to three rigs in 2014, with the flexibility to increase or decrease the number of rigs running depending on market conditions."
February 20, 2015
10:01 EDTAREXOn The Fly: Analyst Downgrade Summary
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06:25 EDTAREXApproach Resources downgraded to Hold from Buy at Canaccord
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