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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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Time to make more Do-Nuts in DFW

Shipley Do-Nuts has signed a development agreement with Adkins Development Corp. to accelerate expansion in the Dallas-Fort Worth market.

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Basic Energy Services boosts 2014 capital budget

A. Lee Graham

Reporter

Basic Energy Services Inc.’s board of directors has approved increasing the Fort Worth company’s 2014 capital expenditure plan by $50 million for purchasing about 60,000 hydraulic horsepower of hydraulic fracturing equipment.

The total 2014 capital expenditure plan, including the increase, totals $285 million, which includes $155 million for expansion projects.

"Due to the improving environment of completion activity and the increase in customer demand, we decided to take advantage of these positive trends to expand our pumping services fleet,” said president and CEO Roe Patterson in a news release.

“Profit margins for these services have been stable and have recently begun to improve with increased utilization. We believe the fundamentals and competitive returns we're experiencing justify adding more growth capital at this time,” Patterson said.

The equipment should be operational by September and generate about $24 million of revenue in 2014, according to the company.

“We now expect to have a total of 400,000 HHP [hydraulic horsepower] of pumping equipment by the end of this year," Patterson said.

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 about the company and its latest quarterly results is available at www.basicenergyservices.com.

lgraham@bizpress.net

 

 

 

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