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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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First restaurant tenant named for Waterside development

Zoes Kitchen will be the first restaurant tenant in Trademark Property's Whole Foods Market-anchored Waterside development in southwest Fort Worth,

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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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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