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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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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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Clip art: Cutting edge barbershop creates a buzz in Fort Worth

Jonathan Morris is on a mission to create a better grooming experience for men.

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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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Great Woman of Texas; Stacie McDavid

“I’ve always been a maverick in a number of ways,” says businesswoman and philanthropist Stacie McDavid.

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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
 

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