Table of Contents Table of Contents List of Tables List of Figures Section 1 - About the Company Approach Resources Inc - Key Facts Approach Resources Inc - Key Employees Approach Resources Inc - Key Employee Biographies Approach Resources Inc - Major Products and Services Approach Resources Inc - History Approach Resources Inc - Company Statement Approach Resources Inc - Locations And Subsidiaries Head Office Other Locations & Subsidiaries Section 2 – Company Analysis Company Overview Approach Resources Inc - Business Description Approach Resources Inc - Corporate Strategy Approach Resources Inc - SWOT Analysis SWOT Analysis - Overview Approach Resources Inc - Strengths Approach Resources Inc - Weaknesses Approach Resources Inc - Opportunities Approach Resources Inc - Threats Approach Resources Inc - Key Competitors Section 3 – Company Financial Ratios Financial Ratios - Capital Market Ratios Financial Ratios - Annual Ratios Performance Chart Financial Performance Financial Ratios - Interim Ratios Financial Ratios - Ratio Charts Section 4 – Company’s Oil & Gas Financial Deals and Alliances Approach Resources Inc, Oil & Gas, Deals By Year, 2013 to YTD 2019 Approach Resources Inc, Oil & Gas, Deals By Type, 2013 to YTD 2019 Approach Resources Inc, Recent Deals Summary Section 5 – Company’s Recent Developments Apr 09, 2019: Approach Resources announces changes to executive management team & reduction of corporate overhead Mar 20, 2019: Approach Resources Inc. Reports Fourth Quarter and Full-Year 2018 Financial and Operating Results Mar 18, 2019: Approach Resources reports fourth quarter and full-year 2018 financial and operating results Aug 01, 2018: Approach Resources announces Q2 2018 financial and operational results May 02, 2018: Approach Resources Reports First Quarter 2018 Results And Reaffirmation Of $325 Million Borrowing Base Mar 08, 2018: Approach Resources Reports Fourth Quarter And Full-Year 2017 Financial And Operating Results And Provides 2018 Outlook Section 6 – Appendix Methodology Ratio Definitions About GlobalData Contact Us Disclaimer

List of Tables Approach Resources Inc, Key Facts Approach Resources Inc, Key Employees Approach Resources Inc, Key Employee Biographies Approach Resources Inc, Major Products and Services Approach Resources Inc, History Approach Resources Inc, Subsidiaries Approach Resources Inc, Key Competitors Approach Resources Inc, Ratios based on current share price Approach Resources Inc, Annual Ratios Approach Resources Inc, Annual Ratios (Cont...1) Approach Resources Inc, Interim Ratios Approach Resources Inc, Oil & Gas, Deals By Year, 2013 to YTD 2019 Approach Resources Inc, Oil & Gas, Deals By Type, 2013 to YTD 2019 Approach Resources Inc, Recent Deals Summary Currency Codes Units Capital Market Ratios Equity Ratios Profitability Ratios Cost Ratios Liquidity Ratios Leverage Ratios Efficiency Ratios List of Figures Approach Resources Inc, Performance Chart (2014 - 2018) Approach Resources Inc, Ratio Charts Approach Resources Inc, Oil & Gas, Deals By Year, 2013 to YTD 2019 Approach Resources Inc, Oil & Gas, Deals by Type, 2013 to YTD 2019

Gaster Exploration LLC Energen Corp Laredo Petroleum Inc Concho Resources Inc Abraxas Petroleum Corp