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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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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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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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Barnett still packs economic punch, study finds

Despite reduced drilling and unstable gas prices, Fort Worth continues reaping the rewards of the Barnett Shale, according to a newly released study by The Perryman Group.7

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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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EXCO spends $1B on Chesapeake Energy assets
 
 
OKLAHOMA CITY (AP) — EXCO Resources Inc. of Dallas is spending about $1 billion to acquire assets from Chesapeake Energy Corp. in Texas and Louisiana.
The land provides EXCO with producing fields and potentially lucrative drilling sites in the future.
For Chesapeake, it's another step toward improving its cash position after the company was rattled by a plunge in natural gas prices. The Oklahoma City firm, which helped pioneer some of the techniques that tilted the energy landscape for the U.S., has been dumping assets to raise cash and diversify.
After building a hefty debt burden from rapid growth, Chesapeake has said it intends to sell $4 billion to $7 billion in assets this year.
"Today's announcement brings our year-to-date asset sales signed or closed to approximately $3.6 billion, which, combined with forecasted net operating cash flow, enables Chesapeake to fully fund its 2013 capital expenditure budget," said CEO Doug Lawler.
"Additional asset sales contemplated for later this year may reduce long-term debt and further enhance our financial liquidity," Lawler said.
Chesapeake is selling about 55,000 net acres in Zavala, Dimmit, La Salle and Frio counties in Texas — part of the Northern Eagle Ford Shale. There are 120 producing wells there.
It's also selling interests in about 9,600 net acres in Desoto and Caddo parishes in Louisiana, part of the Haynesville Shale. That includes non-operating interests in 170 EXCO operated wells and operating interests in 11 wells run by Chesapeake.
Chesapeake said that it will receive about 90 percent of the proceeds from the sale at closing.
EXCO Resources Inc. of Dallas, said Wednesday that it expects to complete the acquisitions in July.
 
 

 

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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?