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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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First restaurant tenant named for Waterside development

Zoes Kitchen will be the first restaurant tenant in Trademark Property's Whole Foods Market-anchored Waterside development in southwest Fort Worth,

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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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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