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Approach Resources Details Full-year 2013 Financial Results

Net income was $72.3 million, at $1.85 per diluted share, the company said, noting total revenue of $181.3 million.

This years capex budget, excluding acquisition capital, is $1.1 billion, the company said.

Total upstream capex, by Dec. 31, 2013, was $301.9 million, the company said.

The current years capex budget is between $625 million-$650 million, the company said.

The 2014 capex budget has been expanded to CA$1 billion, up from CA$900 million

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