Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Wilks Brothers, LLC
2. Date of Event Requiring Statement (Month/Day/Year)
01/27/2017
3. Issuer Name and Ticker or Trading Symbol
Approach Resources Inc [AREX]
(Last)
(First)
(Middle)
17010 IH 20
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CISCO, TX 76437
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 33,126,300
D (1)
 
Common Stock 6,140,300
D (2)
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wilks Brothers, LLC
17010 IH 20
CISCO, TX 76437
    X    
Wilks Dan H.
17010 IH 20
CISCO, TX 76437
    X    
Wilks Staci
17010 IH 20
CISCO, TX 76437
    X    
Wilks Farris
17010 IH 20
CISCO, TX 76437
    X    
SDW Investments, LLC
17010 IH 20
CISCO, TX 76437
    X    

Signatures

WILKS BROTHERS, LLC, By: /s/ Morgan D Neff, Name: Morgan D Neff, Title: Attorney-in-Fact 02/03/2017
**Signature of Reporting Person Date

Dan H. Wilks 02/03/2017
**Signature of Reporting Person Date

Staci Wilks 02/03/2017
**Signature of Reporting Person Date

Farris Wilks 02/03/2017
**Signature of Reporting Person Date

SDW INVESTMENTS, LLC, By: /s/ Morgan D Neff, Name: Morgan D Neff, Title: Attorney-in-Fact 02/03/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares are owned directly by Wilks Brothers, LLC.
(2) These shares are owned directly by SDW Investments, LLC.
 
Remarks:
On November 2, 2016, the Issuer and Wilks Brothers, LLC ("Wilks Brothers") and SDW Investments, LLC ("SDW Investments", and together with Wilks Brothers, the "Noteholders" and each, a "Noteholder"), entered into an exchange agreement (the "Exchange Agreement"), pursuant to which, on the terms and subject to the conditions of the Exchange Agreement, the Noteholders agreed to exchanged $130,552,000 of outstanding 7.00% Senior Notes due 2021 (the "Notes"), representing all of the Notes beneficially owned by the Noteholders (approximately 56.7% of the outstanding principal amount of the Notes), for an aggregate of 39,165,600 shares of Common Stock at an exchange ratio (the "Initial Exchange Ratio") of 300 shares of Common Stock for each $1,000 aggregate principal amount of Notes so exchanged (the "Initial Exchange"), representing, immediately following the Initial Exchange, approximately 48.39% of the Issuer's outstanding Common Stock on a fully-diluted basis.  The Initial Exchange closed on January 27, 2017.  Wilks Brothers is a 10% owner of the Issuer's Common Stock.  Wilks Brothers and SDW Investments may be deemed to be a group for purposes of Section 13(d) under the Securities Exchange Act of 1934, as amended.

This Form 3 is also being filed by (i) Dan H. Wilks, in his capacity as a managing member of Wilks Brothers and in his capacity as a managing member of SDW Investments and (ii) Staci Wilks, in her capacity as managing member of SDW Investments and (iii) Farris Wilks, in his capacity as a managing member of Wilks Brothers.  Dan H. Wilks and Staci Wilks are husband and wife and Dan H. Wilks and Farris Wilks are brothers.  Each Reporting Person disclaims beneficial ownership of all equity securities reported herein except to the extent of its respective pecuniary interest therein, and the filing of this Form 3 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any equity securities covered by this Form.

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