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Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Fort Worth launching Stockyards design task force

The task force, to be chaired by the Fort Worth architect Eric Hahnfeld, would be responsible for confirming the boundaries of the city's planned Stockyards design district and reviewing the work of a consultant.

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Fort Worth council approves tax abatement for Sprouts grocery in Ridglea

The abatement would be to VCB Property, which also won an abatement to build a strip retail center.

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GreenHunter Resources reports 1Q revenue surge

 

A. Lee Graham
Reporter

GreenHunter Resources Inc. of Grapevine has reported a 279 percent revenue surge in first-quarter 2013, with revenues totaling $8.6 million compared to $2.3 million in the same quarter last year.
Driving the latest surge were increases in daily saltwater disposal volumes as a result of both organic saltwater disposal capacity growth and acquisitions that comprise a 1,455 percent increase in permitted operating injection capacity compared to last year.
Operating loss for the three months ended March 31, 2013 totaled 7.2 million compared to an operating loss of $0.4 million during the same quarter last year.
“Volumes in our core operating area of the Appalachia region experienced a seasonal slowdown during the first quarter primarily as a result of weather-related issues that delayed our customers’ drilling and completion efforts in this area,” said company president, interim CEO and COO Jonathan D. Hoopes, commenting in a news release.
“This slowdown resulted in lowered margins and an operating loss. However, we are seeing a strong pickup in activity in Appalachia—especially around both the Marcellus and the Utica shale plays where we are strategically positioned as a dominant commercial SWD [saltwater disposal] operator,” Hoopes said.
An April lightning strike at the company’s Rhodes saltwater disposal well site in Oklahoma produced an impairment of $1.9 million to ground facilities at the location.
Meanwhile, the company’s total daily operating permitted saltwater disposal capacity as of March 31, 2013 exceeded 115,000 barrels, representing a 1.5 percent increase from March 31, 2012. As of March 31, 2013, GreenHunter operated two saltwater disposal wells servicing producers in Oklahoma’s horizontal Mississippian Lime play, four such facilities servicing producers in the Eagle Ford Shale play in South Texas, nine wells servicing producers in the Marcellus and Utica Shale plays in Appalachia and one bulk storage and barge transloading terminal on the Ohio River.
GreenHunter Resources Inc. is a diversified renewable energy company focused primarily on water resource management in oil and shale resource plays. More information is available at www.greenhunterenergy.com.

 

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