Join The Discussion

 

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

read more >

Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

read more >

20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

read more >

Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

read more >

Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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