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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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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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Barnett still packs economic punch, study finds

Despite reduced drilling and unstable gas prices, Fort Worth continues reaping the rewards of the Barnett Shale, according to a newly released study by The Perryman Group.7

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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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Time to make more Do-Nuts in DFW

Shipley Do-Nuts has signed a development agreement with Adkins Development Corp. to accelerate expansion in the Dallas-Fort Worth market.

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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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