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Mixed-use residential, commercial project moves forward near Fort Worth's T&P Station

The Fort Worth T, Fort Worth Housing Authority, city, and Fort Worth South nonprofit are taking the next step in studying the market for a mixed-use residential and commercial complex on a parking lot south of T&P Station.

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Fort Worth's top CEOs honored at FWBP event

The Fort Worth Business Press announced its Top CEOs last night at its Top 100 event held at the Fort Worth Club.

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FAA: Plano, Granbury family members dead in Central Texas plane crash

RANGER, Texas (AP) — Three family members have died in a small plane crash in rural Central Texas.

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35 Concerts moving to Sundance Square

35 Concerts LLC has announced plans to move offices to Sundance Square in downtown Fort Worth.

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ACH has 'buyer interest' for Summit property, plans to demolish Print Shop building

ACH Child and Family Services plans to demolish the historic Print Shop building on its Wichita Street campus and has confirmed buyer interest in its Summit Avenue property.

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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

 

 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?