Approach Resources, Inc. (NasdaqGS:AREX) entered into a definitive agreement to acquire Wolfcamp shale assets in the Southern Midland Basin from Amistad Energy Partners, LLC for $17.6 million on November 1, 2017. Under the terms of the transaction, Approach Resources will issue 7.6 million common shares. The transaction is subject to customary closing conditions, and is expected to close in the fourth quarter of 2017. Scotiabank acted as financial advisor to Amistad Energy Partners. Approach Resources, Inc. (NasdaqGS:AREX) completed the acquisition of Wolfcamp shale assets in the Southern Midland Basin from Amistad Energy Partners, LLC on November 27, 2017.