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Trademark closes on 63-acre Waterside site in Fort Worth

Construction begins Oct. 20 on the development, to be anchored by a Whole Foods Market.

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UPDATE: $215M hotel, indoor ski project planned for Grand Prairie

Officials in Grand Prairie are expected later today to announce a $215 million project that will include a Hard Rock Hotel and an indoor ski facility.

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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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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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