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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Susan Halsey, Fort Worth attorney, business leader, dies

Susan Halsey, a Fort Worth attorney who was also a community and business leader, died on Friday, Dec. 19. Halsey, 55, was chairman for the Fort Worth Chamber of Commerce in 2013-2014, leading the chamber during a year

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Range Resources reports record production
A. Lee Graham
Range Resources Corp. of Fort Worth reports a record for its first-quarter 2013 production volumes as the Fort Worth company reached 876 million cubic feet of natural gas equivalent per day, 34 percent more than during the same period last year.
“We are off to a terrific start with our first-quarter production results,” said Range President and CEO Jeff Ventura, commenting in a news release.
“We are well on track to achieve our production growth target of 20 percent to 25 percent for 2013,” Ventura said, adding that he expected future growth to be led by the company’s approximate 1 million-net acre leasehold in Pennsylvania.
“The strong growth, coupled with high returns, low cost and low reinvestment risk will drive substantial per share value for years to come,” Ventura said.
First-quarter production breakdown was 79 percent natural gas, 14 percent natural gas liquids (NGLs) and 7 percent crude oil and condensate. Year-over-year oil and condensate production rose 52 percent, with natural gas liquids production 22 percent higher, while natural gas production increased 34 percent.
Driving the production record was the company’s drilling program, primarily in the Marcellus Shale, the company said.
Range also announced its preliminary first quarter 2013 natural gas, NGLs and oil price realizations that averaged $5.06 per 1,000 cubic feet equivalent, a 3 percent drop from the prior-year period. Those amounts include the impact of cash-settled hedges and derivative settlements corresponding to analysts’ estimates.
Production and preliminary realized prices by each commodity for the first quarter were natural gas, 689 million cubic feet per day; NGLs, 20,994 barrels per day; and crude oil and condensate, 10,141 barrels per day.
Third-party transportation, gathering and compression fees are expected to average about 80 cents per 1,000 cubic feet equivalent for the first quarter due to added transportation costs applicable to higher-than-expected production volumes from the Marcellus Shale, according to the company.
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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