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 >

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 >

Fort Worth Police association planning 25,000-square-foot offices

The POA, which recently demolished its one-story building at 904 Collier St. near downtown, is planning a five-story replacement.

read more >

 

Basic Energy announces CEO Kenneth Huseman’s retirement date
 
 
A. Lee Graham
Reporter
 
Basic Energy Services Inc. of Fort Worth has announced that president and CEO Kenneth Huseman will retire on Sept. 30, 2013.
 
The news comes on the heels of Huseman’s March announcement that he would retire by the end of the year. It also comes after news that Roe Patterson, the company’s current senior vice president and chief operating officer, will succeed Huseman as president and CEO.
 
Huseman will remain a board member, with Patterson set to be appointed to the board of directors effective Sept. 30, 2013. 
 
"Roe Patterson has assembled a strong senior management team which is in place and ready to move the company forward,” Huseman said in a news release.
 
“I am pleased we had the depth in our organization to allow such continuity of management and achieve a seamless transition for our employees, customers and shareholders. My confidence in Roe and the entire management team allows me to retire a few months earlier than previously planned,” Huseman said.
 
After more than 35 years in the well-servicing industry, Huseman said he is stepping down to spend more time on “other interests” and looks forward to continuing involvement with the company as a board member and shareholder.
 
In connection with Huseman's retirement, during the third quarter, Basic said it expects to incur a pre-tax cash charge totaling about $4.2 million, along with an additional non-cash charge with respect to 300,806 unvested restricted shares that will vest through 2017.
 
Basic Energy Services, which provides oil and gas well-site services, employs more than 5,600 workers in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas and the Rocky Mountain and Appalachian regions. More information is available at www.basicenergyservices.com.
 
lgraham@bizpress.net

< back

Email   email
hide
Catch
How 'bout them Cowboys?