Join The Discussion

 

Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

read more >

Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

read more >

T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

read more >

Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

read more >

Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

read more >

Fountain Quail receives Pioneer Natural Resources contract

A. Lee Graham 

lgraham@bizpress.net

Fountain Quail Water Management LLC, the Roanoke-based subsidiary of Aqua-Pure Ventures Inc., has been contracted by Pioneer Natural Resources Co. of Irving to install two Nomad recycling water treatment units at Pioneer’s operations in Upton and Reagan counties in the Permian Basin.
Two units are expected to be installed and begin operating during third-quarter 2013.
Pioneer is among growing numbers of companies drilling in the Spraberry/Wolfcamp oil field in the Permian Basin, as well as in the Eagle Ford Shale play in South Texas.
“This is our second engagement of this magnitude in the oil-rich Permian Basin,” said Richard Broderick, head of business development for Aqua-Pure, based in Canada, and chairman of the company’s joint venture with Select Energy Services, commenting in a news release.
“We look forward to growing our mutually beneficial working relationship with such a preeminent oil and gas operator,” Broderick said.
Fountain Quail Water Management provides recycling alternatives for both shale gas and shale oil producers. More information is available at www.fountainquail.com.

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

GreenHunter Water announces Ohio project
GreenHunter Water LLC, a wholly owned subsidiary of Grapevine-based GreenHunter Resources Inc., has begun processing oilfield waste streams containing heavy concentrations of suspended solids at its bulk storage and barge transloading terminal in New Matamoras, Washington County, Ohio.
GreenHunter’s Frac-Cycle service can process up to 1,000 barrels per day of drilling fluids, pit water, frac flowback and produced oilfield water. The fluids often contain 10 percent to 25 percent suspended solids and are unsuited for disposal in saltwater disposal wells.
“We are very excited to bring water-recycling services to our customers,” said John Jack, vice president of the company’s Appalachian region, in a news release.
Jack explained that the recycling system will allow producers to re-use clean brine for drilling and hydraulic fracturing.
“More importantly, due to the strategic location of the New Matamoras recycling facility in the heart of the Marcellus and Utica shale plays, we are able to offer our recycling services at a greater discount to what operators would pay to truck, dehydrate and dispose of the material using traditional avenues,” Jack said.
GreenHunter Water LLC provides water-management solutions for oilfield producers. More information is available at www.greenhunterwater.com.

First Titan continues Texas 
expansion
First Titan Corp. of Bradenton, Fla., continues snapping up Texas land in Terrell, Waller and Hardin counties as it expands its national footprint.
That expansion reflects a recently released Ernst & Young study that found that the 50 largest U.S. oil and gas companies spent almost $186 billion on domestic exploration and development of new production last year. That’s 20 percent more than the previous year, according to the accounting firm.
First Titan in June affirmed a letter of intent to acquire a working interest in Waller County property just west of Houston. In addition to its assets in Terrell County, the company also is negotiating the possible acquisition of producing assets in Hardin County.
First Titan said it plans to explore several assets in the region as part of its mission to build a competitive portfolio of Texas oil and gas prospects. The company plans to announce several new domestic and foreign acquisitions in the coming months.
First Titan Corp. develops energy assets nationwide. More information is available at www.firstenergy.com.

Global Power president to step down
Global Power Equipment Group Inc. of Irving announced that Kenneth W. Robuck, senior vice president and president of its services division, planned to retire effective July 1. He will remain a fulltime employee through July 31.
Robuck plans to pursue other career opportunities after more than 30 years in the energy and power services industry. Stepping in as acting president of the services division will be Global Power president and CEO Luis Ramirez.
“We are sorry to see Ken go, but respect his decision to change the direction of his career,” Ramirez said in a news release.
“He has been an invaluable member of the team as we transform Global Power,” said Ramirez, crediting Robuck with expanding the business and creating new platforms for growth.
“Ken has been vital in building strong customer relationships and developing the Williams brand for safety, leadership competency and deep domain expertise. His mentoring of so many in the company will bode well for us as we advance our efforts to expand the industries and customers we serve, strengthen margins and grow revenue,” Ramirez said.
Robuck joined the Williams Group in 1995 as vice president of fossil and nuclear and was promoted to president in 1997. He left Williams Power Corp. in 2000 for another opportunity in the industry, but returned to the Williams Group in 2005 as president of Williams Plant Services LLC. Williams Group was acquired by Global Power in 2005.
Robuck was appointed president of the Global Power services division in 2008.
Global Power Equipment Group Inc. designs, engineers and manufactures equipment and provides services to the global power infrastructure, energy and process industries. More information is available at www.globalpower.com.

Statoil takes over operatorship 
in Eagle Ford
Norwegian oil and gas company Statoil now oversees operations for all activities in the eastern part of its Eagle Ford asset in South Texas. Those activities are primarily within Live Oak, Karnes, DeWitt and Bee 
counties.
“This is an important milestone for Statoil’s development as an operator in the US,” said Torstein Hole, senior vice president for US Onshore, commenting in a news release.
“Our organization in Houston is eager to further develop our Eagle Ford holding as operator and we look forward to engaging with communities and landowners in the eastern part of our joint venture acreage,” Hole said.
Statoil established its Eagle Ford presence in 2010 through a joint venture with Talisman Energy USA Inc. Talisman initially acted as operator for the jointly owned acreage under an agreement calling for Statoil to control operations for half the acreage at a later stage.
Statoil holds about 73,000 net acres in the Eagle Ford, with production standing at 20,200 barrels of oil equivalent per day from about 300 producing wells.
More information is available at www.statoil.com.

Send energy news to A. Lee Graham at lgraham@bizpress.net
 

< back

Email   email
hide
TCU/Baylor
Did the College Football Playoff Committee get it right?