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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.

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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.

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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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.

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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.

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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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