Approach Resources receives sixth extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Dec. 3 – Approach Resources, Inc. secured a sixth extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Texas.

The court extended the exclusive plan-filing period through Nov. 27 and the solicitation period through Jan. 27.

As previously reported, the company filed a plan of liquidation and disclosure statement on Oct. 30, and the disclosure statement was conditionally approved on Nov. 10.

Approach Resources is a Fort Worth-based oil and gas company. The company filed bankruptcy on Nov. 18, 2019 under Chapter 11 case number 19-36444.

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