FORT WORTH, Texas--(BUSINESS WIRE)--Jun. 3, 2013--
Approach Resources Inc.(NASDAQ: AREX) (the “Company”) today
announced that Troy A. Hoefer, will join the Company as Vice President –
Mr. Hoefer has more than 25 years of operating and management experience
in the oil and gas industry. For the past 16 years, Mr. Hoefer held
increasingly responsible reservoir and operating engineering positions
at Pioneer Natural Resources. Most recently, Mr. Hoefer served as
Reservoir Engineering Manager of the South Texas Asset Team, which
oversees development of Pioneer’s Eagle Ford shale play. In this
capacity, Mr. Hoefer managed a team of reservoir engineers and
technicians responsible for formulating and executing a large-scale
development program for the Eagle Ford shale that included drilling and
completing 100 to 130 horizontal wells per year during the past two
years. Before joining Pioneer, Mr. Hoefer worked in various engineering
capacities for Mesa Inc., which merged with Parker and Parsley in 1997
to form Pioneer Natural Resources. Mr. Hoefer holds a B.S. in Petroleum
Engineering from the Colorado School of Mines.
The Company simultaneously announced the promotion of Walter M. Glasgow,
Jr., P.E. to Vice President – Operations. Mr. Glasgow joined the Company
in September 2012 as Manager of Operations. Mr. Glasgow has 32 years of
production operations and management experience in the industry,
including 23 years at Mosbacher Energy Company and its affiliates, and
eight years at Wagner Oil Company, a privately held exploration and
production company. Mr. Glasgow holds a B.E. in Civil Engineering, Magna
Cum Laude, from Vanderbilt University and is a licensed professional
engineer in the state of Texas.
J. Ross Craft, President and Chief Executive Officer, commented, “We are
very excited about these two management team additions. Walter has done
an outstanding job managing our production operations and infrastructure
build out to date. With 32 years of industry experience, he has proven
himself to be an integral member of our team. In addition, we are
pleased to have Troy join our management team. Troy brings a track
record of success in overseeing reservoir engineering in an emerging
unconventional shale play with rapid expansion of production and
reserves. We expect his leadership to be invaluable as we continue to
focus on transforming our Wolfcamp oil shale discovery into a full-scale
Approach Resources Inc. is an independent oil and gas company
with core operations, production and reserves located in the Permian
Basin in West Texas. The Company targets multiple oil and liquids-rich
formations in the Permian Basin, where the Company operates
approximately 148,000 net acres. For more information about the Company,
please visit www.approachresources.com.
Please note that the Company routinely posts important information about
the Company under the Investor Relations section of its website.
Source: Approach Resources Inc.
Approach Resources Inc.
Megan P. Hays, 817.989.9000
Investor Relations & Corporate Communications