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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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Railroad Commission shakeup: Agency hires seismologist

 

AUSTIN, Texas (AP) — A key state agency announced Tuesday it is hiring a seismologist, part of an effort to tackle a sudden increase in earthquakes in areas with significant oil and gas drilling activities.

The Railroad Commission, which regulates drilling statewide, said the move came after a public meeting last week in Azle, a town frequently rattled of late by earthquakes, about 50 miles northwest of Dallas.

"It is imperative that the commission remain engaged and involved in gathering more evidence and data into any possible causation between oil and gas activities and seismic events," Commissioner David J. Porter said in a statement. "Commission rules and regulations must be based on sound science and proven facts. In order to do so, I propose the commission hire an in-house seismologist."

The statement said an on-staff seismologist will help the commission follow new research and better coordinate scientific information with the research community. The job has been posted, and the commission says it will conduct a nationwide search before filling it.

Earthquakes are not unheard of in North Texas, though they have been reported with greater frequency as the state experiences a boom in oil and natural gas exploration. Experts aren't sure what's causing the spike in seismic activity, but one theory is that the shaking could be related to wastewater from oil and gas drilling that is often discarded by injecting it deep into underground wells.

Research at various drilling sites around the country has shown that wastewater injections can weaken nearby fault lines and produce quakes big enough to be felt. 


 

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