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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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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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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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Fort Worth firm 'simplifies' advertising

Reaching customers requires more than price slashing and flashy ads. In today’s competitive marketplace, machines – not men and women – are essential to tapping new markets and

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Trinity Valley School leader to leave in May 2015

Gary Krahn, head of school for the past eight years at Trinity Valley School in Fort Worth, will leave his position in May 2015 when he and his wife Paula will move

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Chesapeake closes Mississippi Lime JV with Sinopec

A. Lee Graham

Reporter

Chesapeake Energy Corp. has completed its previously announced Mississippi Lime joint venture with Chinese oil company Sinopec International Petroleum Exploration and Production Corp.

Oklahoma City-based Chesapeake sold a 50 percent undivided interest in about 850,000 acres in northern Oklahoma for total consideration of $1.02 billion in cash, of which about 93 percent was received at closing.

“Chesapeake is pleased to have Sinopec as our partner in the Mississippi Lime play, and we look forward to efficiently developing and growing this asset for many years to come,” said Chesapeake CEO Doug Lawler in a news release.

Assets associated with the joint venture produced about 9,600 barrels of liquids and 54 million cubic feet of natural gas per day during first-quarter 2013. All future exploration and development costs in the joint venture will be shared proportionately between the parties.

As project operator, Chesapeake will conduct all leasing, drilling, completion, operations and marketing activities for the joint venture.

Serving as financial adviser to Chesapeake in the joint venture was Jefferies & Co. Inc.

Chesapeake Energy Corp., whose interests include the Barnett Shale in North Texas, develops unconventional natural gas and oil fields nationwide. More information is available at www.chk.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?