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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

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Devon Energy reports 2Q earnings surge
 
 
 
A. Lee Graham
Reporter
 
Devon Energy Corp. has reported net earnings of $683 million, or $1.69 per common share, for the second quarter of 2013.
 
That’s 43 percent more than the same quarter last year when the Oklahoma City-based company reported net earnings of $477 million, or $1.18 per share.
 
Not including items securities analysts often exclude from their published estimates, the company earned $491 million, or $1.21 per diluted share in the second quarter. That represents 119 percent more compared to the second quarter of 2012.
 
Total production surged to an average of 698,000 oil-equivalent barrels per day in second-quarter 2013, surpassing the peak of the company’s guidance range by 8,000 barrels per day. That’s the highest average daily rate in Devon’s history from its North American property base, the company said.
 
Helping the company’s second-quarter production was better-than-expected results from the Barnett Shale and the Permian Basin, among other core development areas.
 
“The second quarter was an outstanding one for Devon as we continued to successfully grow high-margin oil production,” said president and CEO John Richels in a news release.
 
“We remain on track to deliver total companywide oil production growth in the high teens for 2013, led by light-oil growth of nearly 40 percent in the U.S.,” Richels said.
 
Devon Energy Corp. is an independent oil and gas exploration and production company. More information is available at www.devonenergy.com.
lgraham@bizpress.net

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