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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

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Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

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Basic Energy Services releases May report
A. Lee Graham

Reporter

Basic Energy Services Inc.’s well servicing rig count has remained unchanged at 421, according to the Fort Worth company’s newly released selected operating data for the month of May 2014.

Meanwhile, well-servicing rig hours for the month totaled 71,300, producing a rig utilization rate of 70 percent, unchanged compared to 70 percent and 68 percent in April 2014 and May 2013, respectively.

Rig utilization rates determine what percentage of a company’s rigs is in use.

During the month, the firm’s fluid service truck count rose by three to 1,017. Fluid service truck hours for the month totaled 213,400 compared to 212,200 and 194,300 in April 2014 and May 2013, respectively.

Drilling rig days for May totaled 332, producing a rig utilization of 89 percent, compared to 81 percent and 78 percent in April 2014 and May 2013, respectively.

"May activity for well servicing and fluid services was very similar to April, as both months had 22 week days and a holiday,” said president and CEO Roe Patterson in a news release.

“Our contract drilling fleet experienced higher utilization for the month as we saw an increase in activity for our 1,000 horsepower rigs in the vertical Wolfberry play in the Permian Basin,” Patterson said.

Activity levels improved in the company’s completion and remedial services segment, said Patterson, especially for stimulation services.

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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