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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Approach Resources reports increased preliminary production
By A. Lee Graham
Approach Resources Inc. of Fort Worth reports 15 percent higher preliminary production in first-quarter 2013 compared to the same period last year.
Preliminary production for first-quarter 2013 reached 754 million barrels of oil equivalent compared to 654 million in first-quarter 2012.
Meanwhile, estimated oil production for first-quarter 2013 surged 63 percent to 310 million barrels compared to 191 million barrels in first-quarter 2012. Estimated first-quarter 2013 production breaks down to 41 percent oil, 28 percent natural gas liquids (NGLs) and 31 percent natural gas. That’s compared to 29 percent oil, 33 percent NGLs and 38 percent natural gas in first-quarter 2012.
Impacting first-quarter 2013 production was a third-party NGL fractionation facility repair and maintenance, which the company said lowered its average volumes by about 6.1 billion barrels of oil equivalent per day beginning the second week of March. As of April 6, 2013, almost all production was back online, the company reported.
More quarterly performance information, including comparisons to fourth-quarter 2012, is expected when the company releases full first-quarter 2013 results on Thursday May 2.
Approach Resources Inc., an independent oil and gas company with core operations, production and reserves in West Texas’ Permian Basin, operates about 148,000 net acres in that region. More information is available at www.approachresources.com.
 
lgraham@bizpress.net
 

 

 

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