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New arena at Will Rogers takes shape


The proposed Will Rogers Memorial Center arena continues to take shape as voters head for a Nov. 4 election to decide whether to approve new taxes to help pay for the $450 million facility.

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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Cooking Class: Fort Worth chef brings home the gold

Toques off to Timothy Prefontaine. The executive chef at the iconic Fort Worth Club is currently the best in the nation, according to the American Culinary Federation. Prefontaine earned the title of 2014 U.S.A.’s Chef of the

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Fort Worth firm 'simplifies' advertising

Reaching customers requires more than price slashing and flashy ads. In today’s competitive marketplace, machines – not men and women – are essential to tapping new markets and

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Trinity Valley School leader to leave in May 2015

Gary Krahn, head of school for the past eight years at Trinity Valley School in Fort Worth, will leave his position in May 2015 when he and his wife Paula will move

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Quicksilver to partner with Eni in Delaware Basin

 

Fort Worth independent oil and gas company Quicksilver Resources Inc. said Nov. 5 it has entered into an agreement with Eni to jointly evaluate, explore and develop 52,500 gross acres in the Delaware Basin currently held by Quicksilver in the Leon Valley area located in Pecos County, Texas.
Under the terms of the agreement Eni will pay up to $52 million representing 100 percent of drilling, completion and seismic costs to earn a 50 percent interest in Quicksilver’s Pecos County acreage.


The investment by Eni will occur in three phases with the first phase covering the drilling and completion of up to three wells beginning by June 2014. The agreement also provides that, upon funding of the first phase, Eni will earn 50 percent of Quicksilver’s interest in a 7,500 gross-acre tract also located in the Leon Valley area.
Eni will then have the option to fund the drilling and completion of two additional wells and commit to a 3-D seismic survey in order to fully earn a 50 percent interest in Quicksilver’s Pecos County acreage.


After Eni’s $52 million investment, both companies will share equally in all future revenue, operating costs and capital expenditures.
The two companies also will pursue additional opportunities in Pecos and Reeves counties.
“We are pleased to expand Quicksilver's working relationship with Eni to our West Texas project,” said Glenn Darden, president and CEO of Quicksilver Resources. “Eni has been an excellent partner who has helped us enhance the recovery of the gas reserves in the Alliance area of our Barnett development, and we look forward to success on the oil side in the Delaware Basin.”


Quicksilver’s common stock is traded on the New York Stock Exchange under the symbol “KWK.” For more information about Quicksilver Resources, visit www.qrinc.com. - Betty Dillard
 

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