Fort Worth Business Press, June 2, 2014 Vol. 26, No. 21 | Page 41

fwbusinesspress.com | June 2 - 8, 2014

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41

overheard

courtesy photos

“I just got whipped and got
beat, and my folks are sad,
but they know that
I’m not sad. I’m
pleased to
have had the
opportunity.”

Globetrotters Sweet J Ekworomadu, left, and Cheese Chisholm, right, will host Summer Clinics in Lewisville and
Fort Worth.

in the U.S. and Canada.
“The U.S. and Canada represent
more than 50 percent of the fast growing global medical aesthetics market.
This move secures Galderma’s continued ability to invest in product innovation, medical education, customer
service and consumer awareness,” said
Humberto C. Antunes, president and
chief executive officer of Galderma
worldwide.
This transaction is subject to regulatory clearance and other customary
closing conditions. Credit Suisse acted
as financial advisers, and Debevoise
and Plimpton as legal advisers to Galderma.
In February 2014, Nestle announced
that it had entered into an agreement
with L’Oreal S.A. under which it will
acquire the remaining 50 percent of
Galderma owned by L’Oreal. The transaction between Nestle and Valeant is
subject to regulatory clearance and certain other conditions, and is expected
to close in July.
– Betty Dillard

Basic Energy Services
boosts 2014 capital budget
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 utiliza-

tion. 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.
– A. Lee Graham

Globetrotters bring
clinics for kids
What could be more fun than to be
coached by the world famous Harlem
Globetrotters?
The Globetrotters will host Summer
Clinics in Fort Worth and Lewisville
from June 5-10 for youth ages 6-12.
Kids will learn the fundamentals of
basketball while having fun being
coached by Globetrotters stars.
In partnership with fitness club 24
Hour Fitness, the Globetrotters will
conduct 471 Summer Clinics in 19
markets nationwide.
Globetrotters Sweet J Ekworomadu
and Cheese Chisholm will teach kids at
the 24 Hour Fitness, 4866 State Highway 121 in Lewisville, June 5-7 and at
the Fort Worth 24 Hour Fitness, located
at 2701 Halloran St., June 8-10.
The two-hour sessions are open to
boys and girls of all skill levels. The
registration price is $69 per session. For
information, visit www.harlemglobetrotters.com/clinics. n
– Betty Dillard

Rockwall Rep.
Ralph Hall
at 91, the oldestever member
of the U.S.
House, who
was ousted
by a tea party
candidate on
May 27.

“That’s a pretty good slam
to start with. I’ll see if I
can find some kind of
other slam eventually in
my career.”
“Tea party folks love
America, they love the
Constitution, they love
(free) markets, they love
the Second Amendment
and they love Texas,” during his victory party May
27. “If you love America,
welcome to the
grassroots of the
Republican Party.”

Adam Scott
who won the Crowne Plaza at Colonial on May 25, capping off wins
at three other Texas tournaments, in
what is being called the “Texas slam.”

Republican Lt. Gov.
candidate Dan Patrick
following his defeat of current Lt.
Gov. David Dewhurst on May 27.

“I will be coming up here, I would suggest to you,
multiple times between
now and the 4th of
November. After that,
I’ll let you know.”
Gov. Rick Perry
making the first of many visits to Iowa
as a precursor to a possible presidential
run. Perry said he’ll decide about 2016
after he leaves office in Texas next year.
But he said he’d return to Iowa this year.