Worth

In addition to announcing a significant shift in its shale strategy, Fort Worth-based Range Resources said this week that it has trimmed its quarterly losses from $29.8 million, or 19 cents/share during 3Q2009 to $8.2 million, or 5 cents/share for 3Q2010.

Fort Worth, TX-based Quicksilver Resources Inc. has entered into a confidentiality agreement with a group of investors that includes Quicksilver CEO Glenn Darden, Chairman Thomas Darden and the Darden family-controlled Quicksilver Energy LP. The group may seek to take Quicksilver private.

Nabors Industries Ltd. on Monday said it offered to buy Superior Well Services Inc., a hydraulic fracturing (hydrofracing) pumping services specialist, in a transaction worth an estimated $900 million, including debt.

Range Resources Corp. continues to beat production forecasts, and in the second quarter the Fort Worth, TX-based independent did it on the strength of its growing operations in the Marcellus Shale.

Range Resources Corp. continues to beat production forecasts, and in the second quarter the Fort Worth, TX-based independent did it on the strength of its growing operations in the Marcellus Shale.

Apache Corp.’s announcement late Tuesday that it intends to purchase $7 billion worth of North American and Egyptian oil and natural gas assets from BP plc drew a mostly positive reaction from financial analysts, but credit ratings agencies are concerned about the number of transactions the Houston-based producer is taking on.

Offshore drilling giant Noble Corp. last week agreed to buy privately held FDR Holdings Ltd., also known as Frontier, in a transaction worth an estimated $2.16 billion. In turn, Frontier customer Royal Dutch Shell plc signed new deepwater drilling contracts with Noble.

Offshore drilling giant Noble Corp. on Monday agreed to buy privately held FDR Holdings Ltd., also known as Frontier, in a transaction worth an estimated $2.16 billion. In turn, Frontier customer Royal Dutch Shell plc signed new deepwater drilling contracts with Noble.

Three were killed in a natural gas pipeline explosion near Cleburne, TX, in Johnson County in North Texas, Dallas-Fort Worth TV station WFAA reported Monday afternoon.