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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.

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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.

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20 from Dallas-Fort Worth on Forbes wealthiest list

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Internal audit says EPA mismanaged Fort Worth project

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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.

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Basic Energy sells inland rig fleet in $19M deal

A. Lee Graham

Reporter

Basic Energy Services Inc. of Fort Worth has sold its four inland barge workover rigs and related equipment for about $19 million to a private buyer.

According to the company, the transaction’s impact on revenue and earnings for 2014 will be “negligible.”

Citing dwindling numbers of active customers and limited growth opportunities in the inland workover barge market, president and CEO Roe Patterson said the firm will spend its money elsewhere.

“We intend to reinvest the proceeds from this transaction to expand our higher growth, core service lines during 2014,” Patterson said in a news release.

Basic Energy Services, which provides oil and gas well-site services, employs more than 5,500 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?