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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 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

 

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