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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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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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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.

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Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

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Companies report success at Texas conservation symposium
A. Lee Graham

Reporter

Oil and gas operators statewide credit Texas Railroad Commission rule amendments enacted last year for boosting the economic viability in enhancing their water-recycling efforts and helping conserve state water resources.

Making those comments on Thursday at a Texas Oil and Gas Water Conservation and Recycling Symposium in Austin were representatives of 26 companies, including Roanoke-based Fountain Quail Water Management LLC, Baker Hughes and Apache Corp., among others.

The meeting followed last’s year’s amendments to the commission’s recycling rules. They were made to encourage further conservation, reuse and recycling of produced water by oil and gas operators in the oilfield.

“Today, operator Fasken Oil and Ranch reported that they expect to no longer use freshwater in their operations by the end of June 2014, resulting in a total of approximately 2.3 million gallons of fresh water left in the ground,” Commissioner Christi Craddick said at the meeting.

“Due to the drought our state is currently experiencing, the importance of water conservation and scrutiny over water usage continues to grow, and the industry is doing their part in conserving this precious resource,” Craddick said.

At the symposium, industry representatives updated Craddick and staff on industry best practices in water recycling and conservation. Accomplishments discussed during symposium discussion include:


·         Recycling has significantly reduced the use of fresh water in oil and gas production operations.

·         Companies that gave presentations reported recycling capacity of up to 1.5 million barrels of water per day; recycling up to 50 million barrels of water since industry focus to increase recycling began in 2012; and recycling produced water to account for up to 100 percent of their water needs in energy production.

·         The amount of produced water hauled by trucking and disposed underground has dropped, and will continue to decrease exponentially.

·         Produced water is now a resource and sold as a commodity for re-use in hydraulic fracturing operations.

lgraham@bizpress.net

 

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