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New arena at Will Rogers takes shape


The proposed Will Rogers Memorial Center arena continues to take shape as voters head for a Nov. 4 election to decide whether to approve new taxes to help pay for the $450 million facility.

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Cooking Class: Fort Worth chef brings home the gold

Toques off to Timothy Prefontaine. The executive chef at the iconic Fort Worth Club is currently the best in the nation, according to the American Culinary Federation. Prefontaine earned the title of 2014 U.S.A.’s Chef of the

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Fort Worth-based Woodmont plans $80M Hard Rock Hotel retail center

Woodmont Outlets of Fort Worth, an affiliate of The Woodmont Co., has partnered with Cherokee Nation Businesses for a proposed upscale retail development at Hard Rock Hotel & Casino Tulsa.

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Fort Worth firm 'simplifies' advertising

Reaching customers requires more than price slashing and flashy ads. In today’s competitive marketplace, machines – not men and women – are essential to tapping new markets and

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Trinity Valley School leader to leave in May 2015

Gary Krahn, head of school for the past eight years at Trinity Valley School in Fort Worth, will leave his position in May 2015 when he and his wife Paula will move

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GreenHunter Resources reports 1Q revenue surge

 

A. Lee Graham
Reporter

GreenHunter Resources Inc. of Grapevine has reported a 279 percent revenue surge in first-quarter 2013, with revenues totaling $8.6 million compared to $2.3 million in the same quarter last year.
Driving the latest surge were increases in daily saltwater disposal volumes as a result of both organic saltwater disposal capacity growth and acquisitions that comprise a 1,455 percent increase in permitted operating injection capacity compared to last year.
Operating loss for the three months ended March 31, 2013 totaled 7.2 million compared to an operating loss of $0.4 million during the same quarter last year.
“Volumes in our core operating area of the Appalachia region experienced a seasonal slowdown during the first quarter primarily as a result of weather-related issues that delayed our customers’ drilling and completion efforts in this area,” said company president, interim CEO and COO Jonathan D. Hoopes, commenting in a news release.
“This slowdown resulted in lowered margins and an operating loss. However, we are seeing a strong pickup in activity in Appalachia—especially around both the Marcellus and the Utica shale plays where we are strategically positioned as a dominant commercial SWD [saltwater disposal] operator,” Hoopes said.
An April lightning strike at the company’s Rhodes saltwater disposal well site in Oklahoma produced an impairment of $1.9 million to ground facilities at the location.
Meanwhile, the company’s total daily operating permitted saltwater disposal capacity as of March 31, 2013 exceeded 115,000 barrels, representing a 1.5 percent increase from March 31, 2012. As of March 31, 2013, GreenHunter operated two saltwater disposal wells servicing producers in Oklahoma’s horizontal Mississippian Lime play, four such facilities servicing producers in the Eagle Ford Shale play in South Texas, nine wells servicing producers in the Marcellus and Utica Shale plays in Appalachia and one bulk storage and barge transloading terminal on the Ohio River.
GreenHunter Resources Inc. is a diversified renewable energy company focused primarily on water resource management in oil and shale resource plays. More information is available at www.greenhunterenergy.com.

 

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