Join The Discussion

 

Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

read more >

Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

read more >

Latin-inspired restaurant set to open in downtown Fort Worth

Downtown Fort Worth’s dining scene is about to get spicier with the opening of a new restaurant featuring Latin-inspired coastal cuisine.

read more >

Texas jobless rate falls as employers add workers

Texas unemployment fell to 4.3 percent during February for the sixth straight month of declines, the Texas Workforce Commission reported Friday.

read more >

Westchester Plaza manager says "business as usual" for now

The future of a redevelopment plan for the 50-year-old Westchester Plaza on Fort Worth's Near Southside is unclear.

read more >

 

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

< back

Email   email
hide
Catch
How 'bout them Cowboys?