Join The Discussion

 

26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

read more >

UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

read more >

Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

read more >

Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

read more >

Body-camera maker has financial ties to former Fort Worth police chief, others

IOWA CITY, Iowa (AP) — Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions.

read more >

 

Range Resources production, profit surge in 2Q
 
 
A. Lee Graham
Reporter
 
Range Resources Corp. of Fort Worth has reported more than doubling its profit in second-quarter 2013 as the oil land gas company enjoyed a hefty production spike.
Revenues for the quarter totaled $673 million, 50 percent higher compared to the same quarter last year, while daily production reached a record of 910 million cubic feet equivalent of oil, a 27 percent increase over the same quarter last year.
Meanwhile, company profits totaled $144 million, or 88 cents per diluted stock share, up 159 percent compared to $56 million, or 34 cents per diluted share, in the same quarter last year.
Natural gas, natural gas liquids and oil sales rose 47 percent to $437.7 million
“With the progress made during the first half of 2013, we are focused on the higher end of our production growth range for 2013,” said president and CEO Jeff Ventura in a news release.
Leading the company’s growth was its approximate 1 million-acre leasehold in Pennsylvania, anchored by the Marcellus Shale.
“We believe that our 20 percent to 25 percent production growth that we expect to deliver for many years, coupled with the high returns, low cost and low reinvestment risk will drive substantial per-share value for our shareholders for years to come,” Ventura said.
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
Catch
How 'bout them Cowboys?