Join The Discussion

 

Fort Worth's TPG takes controlling interest in Hollywood, sports powerhouse

A Fort Worth firm has gone Hollywood.

read more >

Downtown Fort Worth TIF reaches parking agreement with four garages

The TIF board will meet Oct. 29 to consider the agreements.

read more >

Oil price drop goes unnoticed in Texas' Eagle Ford shale

CUERO, Texas — From her vantage point of the U.S. shale oil boom, Jill Potts doesn't see anything to worry about.

read more >

Renovated Daniel-Meyer to put TCU basketball in the spotlight

You might say the Texas Christian University men’s basketball team was the sacrificial lamb in the university’s football-motivated move from the Mountain West Conference to the Big 12 Conference. The rising

read more >

E-Mist finds focus: Ebola gives infection control start-up its moment in spotlight

In the space of 72 hours, George Robertson found his company’s products on the cover of The New York Times and himself on CNN and WFAA, along with innumerable mentions in various media around the world.

read more >

Basic Energy Services expects higher rig use in spring

A. Lee Graham

Reporter

Basic Energy Services Inc. of Fort Worth has reported fewer well-servicing rig hours, dropping from 74,500 in January to 68,100 in February.

Meanwhile, the oil and gas well-services company higher rig utilization, with the rate rising from 69 percent in January to 73 percent in February. The 73 percent rate rose from 71 percent in February 2013, according to the company’s newly released report on February 2014 activity.

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

"As we approach springtime, we expect to benefit from longer daylight hours and better weather conditions, which should allow us to improve our utilization rates,” said president and CEO Roe Patterson, commenting in a news release.

“Prices across our service lines remains stable, and we continue to see selected opportunities to increase rates in the busier oil market,” Patterson said.

Also in the new report, the company reported its well-servicing rig count remained unchanged at 425, while its fluid service truck count increased by five to 1,008. Fluid service truck hours for the month totaled 189,000 compared to 207,400 and 177,600 in January 2014 and February 2013, respectively.

Drilling rig days for February 2014 totaled 262.

Basic Energy Services, which provides oil and gas well-site services, employs more than 5,400 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
Ebola
How worried are you about Ebola spreading?