Join The Discussion

 

Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

read more >

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

read more >

Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

read more >

Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

read more >

Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

read more >

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

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?