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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

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Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

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Range Resources production surges 27 percent in 2Q

 

A. Lee Graham
Reporter
 
Range Resources Corp. of Fort Worth has reported record production in the second quarter of 2013, reaching 910 million cubic feet equivalent of oil per day.
That’s 27 percent more than the same quarter last year.
“Second quarter production results were outstanding and reflect the continuing efforts of our operating and marketing teams,” said president and CEO Jeff Ventura in a news release.
“The success of our drilling program over the first half of the year puts us on track to achieve the high-end of our production growth target of 20 percent to 25 percent for 2013,” Ventura said.
Complete second-quarter financial results are expected to be released later this month.
What Ventura called the company’s “sizable position” in the Marcellus Shale indicates that it can deliver similar growth of 20 percent to 25 percent for several years, he said. The company considers the Marcellus formation in the Eastern U.S. the key driver of its record production.
Second-quarter production of 901 million cubic feet of oil equivalent per day surpassed the high end of the company’s guidance of 800 to 890 million cubic feet of oil equivalent per day. That’s due to the timing of turning wells to production, as well as production of Marcellus Shale wells, according to the company.
Production for the quarter broke down to 79 percent natural gas; 15 percent natural gas liquids and 6 percent oil and condensate.
Range Resources Corp. is an independent oil and natural gas producer focusing its operations in Appalachia and the southwest portion of the United States. More information is available at www.rangeresources.com
 
lgraham@bizpress.net

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