Summary of APPROACH RESOURCES INC

Item 1.01 Entry into a Material Definitive Agreement.
On August 26, 2008, Approach Resources Inc. (the "Company") entered into a third amendment (the "Third Amendment") to its Credit Agreement dated as of January 18, 2008, as amended by letter amendments dated February 19, 2008 and May 6, 2008 (as amended, the "Credit Agreement"). The Third Amendment (i) adds Fortis Capital Corp. and KeyBank National Association as lenders under the Credit Agreement, (ii) allocates the lenders' commitment percentages as The Frost National Bank - 30%, JPMorgan Chase Bank, NA - 30%, Fortis Capital Corp. - 20% and KeyBank National Association - 20%, (iii) adds a covenant that the Company will not exceed a debt to EBITDAX ratio of 3.5 to 1.0, and
(iv) clarifies that secured parties under the Credit Agreement (and beneficiaries of Credit Agreement guarantees) will include affiliates of lenders who enter into commodity derivatives transactions with the Company. The foregoing description of the terms of the Third Amendment is qualified in its entirety by the Third Amendment, which is filed hereto as Exhibit 10.1 to this current report and is incorporated herein by reference. Item 8.01 Other Events.
As previously disclosed, on May 6, 2008, the Company entered into a second amendment (the "Second Amendment") to the Credit Agreement. The Second Amendment reflected an increase in the Company's borrowing base and commitments of the lenders to $100 million.
The foregoing description of the terms of the Second Amendment is qualified in its entirety by the Second Amendment, which is filed hereto as Exhibit 99.1 to this current report and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.

Exhibit No.   Description
10.1          Amendment dated as of August 26, 2008 to Credit Agreement among
              Approach Resources Inc., as borrower, The Frost National Bank, as
              administrative agent and lender, JPMorgan Chase Bank, NA, Fortis
              Capital Corp. and KeyBank National Association as lenders, and
              Approach Oil & Gas Inc., Approach Oil & Gas (Canada) Inc. and Approach
              Resources I, LP, as guarantors, dated as of January 18, 2008.

99.1          Amendment dated as of May 6, 2008 to Credit Agreement among Approach
              Resources Inc., as borrower, The Frost National Bank, as
              administrative agent and lender, JPMorgan Chase Bank, NA, as lender,
              and Approach Oil & Gas Inc., Approach Oil & Gas (Canada) Inc. and
              Approach Resources I, LP, as guarantors, dated as of January 18, 2008.