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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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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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