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New arena at Will Rogers takes shape


The proposed Will Rogers Memorial Center arena continues to take shape as voters head for a Nov. 4 election to decide whether to approve new taxes to help pay for the $450 million facility.

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Fort Worth-based Woodmont plans $80M Hard Rock Hotel retail center

Woodmont Outlets of Fort Worth, an affiliate of The Woodmont Co., has partnered with Cherokee Nation Businesses for a proposed upscale retail development at Hard Rock Hotel & Casino Tulsa.

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Cooking Class: Fort Worth chef brings home the gold

Toques off to Timothy Prefontaine. The executive chef at the iconic Fort Worth Club is currently the best in the nation, according to the American Culinary Federation. Prefontaine earned the title of 2014 U.S.A.’s Chef of the

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Barnett still packs economic punch, study finds

Despite reduced drilling and unstable gas prices, Fort Worth continues reaping the rewards of the Barnett Shale, according to a newly released study by The Perryman Group.7

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Fort Worth firm 'simplifies' advertising

Reaching customers requires more than price slashing and flashy ads. In today’s competitive marketplace, machines – not men and women – are essential to tapping new markets and

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Basic Energy Services says rig use is up

By A. Lee Graham

Basic Energy Services Inc. of Fort Worth has reported higher operating activity in March, continuing momentum that saw the company produce a rig utilization rate of 74 percent for the month, up from 71 percent in February.

Rig utilization rates determine what percentage of a company’s rigs is in use.

“Well servicing utilization increased in March due to seasonal factors but was impacted by one to two percentage points because of the decreased hours worked during the Easter holiday week,” said president and CEO Ken Huseman, commenting in a news release.

The company’s well-servicing rig count remained unchanged at 425, with rig hours for the month totaling 72,000, up from 66,400 in February.

March saw numbers of company fluid service trucks increase by five to reach 967. Just a month earlier, the company dropped two trucks. Fluid service truck hours for March totaled 192,300 compared to 177,600 and 195,900 in February 2013 and March 2012, respectively.

Drilling rig days for the month totaled 293, producing a rig utilization of 79 percent, compared to 79 percent and 91 percent in February 2013 and March 2012, respectively.

The company expects its first-quarter revenue to be about 1 percent higher sequentially, just under its previous guidance of 2 percent to 3 percent, Huseman said.

“Although the U.S. land drilling rig count has been fairly static since the beginning of the year, we are encouraged by the recent improvement in the rig count,” Huseman said.

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

 

 

 

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?