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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

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Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

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FTS International announces proppant, logistics assets sale
 
A. Lee Graham
Reporter
 
FTS International Inc. of Fort Worth has entered into an agreement to sell all assets of its proppant business and related logistics assets to Fairmount Minerals.
Terms of the transaction were not disclosed.
Proppants such as sand are used to keep hydraulic fractures open when extracting natural gas.
“This is a winning partnership for FTSI, our employees and our customers,” said CEO Greg Lanham in a news release.
“The sale of these assets will enable FTSI to further streamline our business strategy and place greater focus on our core well completion business,” Lanham said.
The deal sees Santrol, a Fairmount Minerals company, supply FTSI’s future proppant needs. Fairmount Minerals, based in Chesterland, Ohio, produces industrial sand.
The transaction is expected to include substantially all of FTSI’s sand mines, raw sand processing plants, resin coating plants, railroad transload sites and various other properties and facilities.
The company said it will retain its “last mile” trucking operations used to transport proppant from transload sites to well locations.
The company will use net proceeds from the sale for debt reduction. The sale is expected to close by the end of third-quarter 2013. 
Acting as financial adviser to FTS in the transaction was Wells Fargo Securities LLC.
FTS International provides well-completion services for the oil and gas industry. More information is available at www.ftsi.com.
 
lgraham@bizpress.net

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