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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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Calif. coastal panel takes up offshore fracking

LOS ANGELES (AP) — California regulators on Thursday were set to take up offshore fracking after revelations that the practice had quietly occurred off the coast since the late 1990s.

The California Coastal Commission added the issue at the last minute to its agenda during its monthly meeting. A recent report by The Associated Press documented at least a dozen instances of hydraulic fracturing in the Santa Barbara Channel, site of a disastrous 1969 oil spill that spurred the modern environmental movement. Federal regulators earlier this year approved a new project that has yet to begin.

The coastal panel, which is charged with protecting the shoreline and marine resources, had said it was not aware until recently that fracking had occurred.

Since the act of pumping sea water, sand and a cocktail of chemicals deep into rock formations to recover oil occurs more than three miles offshore, oversight falls to various federal agencies. But the state can step in if the work jeopardizes marine mammals or water quality.

After the extent of ocean fracking became known, the coastal commission said it planned to ask oil companies proposing new offshore drilling jobs if they will be fracking.

Thursday's hearing comes after a band of state lawmakers last week called on the federal government to investigate. Offshore fracking has received little attention compared with fracking on land where there have been efforts in various states to ban or limit it.

The federal agency that oversees offshore drilling, the Bureau of Safety and Environmental Enforcement or BSEE, initially counted only two fracks off California in the past two decades, according to internal emails obtained by the AP through the Freedom of Information Act. It later revised the figure to 12, but said it cannot be certain just how often fracking has been allowed.

In March, the agency approved an application by privately-held DCOR LLC to perform three "mini-fracks" from a platform 10 miles off the coast. Since the 1969 disaster, new oil leases have been banned, but companies can still drill and do other oil exploration from 23 grandfathered-in platforms.

BSEE's Pacific regional director, Jaron Ming, told employees in an email earlier this year about the increased interest to offshore fracking within the agency and from the public.

"For that reason, I am asking you to pay close attention to any (drilling applications) that we receive and let me know if you believe any of them would be considered a 'frac job.'"

The largest offshore frack occurred in 2010 when Venoco Inc. targeted the Monterey Shale, a 1,750-square-mile area extending from the agricultural Central Valley to the Pacific Ocean that federal energy officials say could ultimately comprise two-thirds of the nation's shale oil reserves. The effort only mildly increased production.

 

 

 

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Midterms
What was the message of the midterm elections?