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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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Devon, Crosstex merging, create new midstream co.

 

DALLAS (AP) — Devon Energy Corp. has reached an agreement with Crosstex Energy Inc. and Crosstex Energy LP to combine assets and form a new midstream business.

The planned merger announced Monday involves pipelines, processing and logistics operations.

Devon is an independent oil and gas exploration and production company based in Oklahoma City. Dallas-based Crosstex offers energy services and infrastructure.

No name was immediately released for the new company, which will have about 7,300 miles of pipelines, 13 processing plants, plus terminals and storage. Devon will own 70 percent of the new company, to be based in Dallas. The Crosstex name will be dropped.

Crosstex CEO Barry Davis, who'll be chief executive officer of the new company, said Tuesday that no layoffs are planned.

The deal is expected to close in early 2014.
 

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