Join The Discussion

 

Texas has old, new candidates to offer as presidential hopefuls

The Republican Party has long been riven between its establishment and conservative wings, a split that plays out every four years in the race for the White House.

read more >

Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

read more >

Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

read more >

Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

read more >

Two Fort Worth Baylor medical properties acquired

Baylor Surgical Hospital of Fort Worth and Baylor Surgical Hospital Integrated Medical Facility are among three facilities acquired by Carter Validus Mission Critical REIT II Inc.

read more >

 

Former Chesapeake CEO McClendon launches new company, report says
A. Lee Graham

Reporter

Former Chesapeake Energy Corp. CEO Aubrey McClendon is back — and apparently pinning his hopes on a different shale play than North Texas’ Barnett Shale.

According to CNBC.com, the outspoken executive is set to close on $1.8 billion in equity and debt financing for a new exploration and production company called American Energy Utica, news that CNBC said it received from investors in the company.

The new company is expected to purchase and develop acreage in the southern Utica Shale area, located in the northeastern United States and known for abundant natural gas and natural gas liquids.

According to the CNBC story, the new company is expected to close on the purchase of 80,000 acres in the Utica Shale in three transactions. With $1.35 billion in equity, along with $450 million in debt that CNBC said has been raised, about 12 rigs are expected to reach operation within two to three years.

lgraham@bizpress.net

 

 

< back

Email   email
hide
Catch
How 'bout them Cowboys?