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Approach Resources marks $882,000 operating loss for month of December
By Caroline Salls
Pittsburgh, Feb. 3 – Approach Resources Inc. posted an $882,000 operating loss for December on $5.77 million in oil and gas revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.
The net loss for the month was $3.7 million.
Approach had $8.62 million in cash and cash equivalents as of Dec. 31.
Approach Resources is a Fort Worth-based oil and gas company. The company filed bankruptcy on Nov. 18 under Chapter 11 case number 19-36444.
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