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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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Chesapeake to spin off oilfield services unit

OKLAHOMA CITY (AP) -- Chesapeake Energy Corp. has filed regulatory paperwork for a possible spinoff its oilfield services business unit.


The Oklahoma City-based natural gas company said in February that it was considering selling or spinning off the unit to help maximize shareholder value.
Chesapeake said Monday that the spinoff will be tax-free to its shareholders. It has not determined the exact scope or timing of the spinoff, according to the paperwork filed with the U.S. Securities and Exchange Commission. It has retained Morgan Stanley & Co. LLC as its financial adviser in connection with the deal.


The division is expected to change its name to Seventy Seven Energy Inc. as part of the spinoff. The unit posted a profit of $19.9 million on revenue of $1.3 billion in 2011, the most recent fiscal year included in the SEC filing.
Chesapeake Energy is the second-largest producer of natural gas and tenth-largest producer of oil and natural gas liquids in the U.S.

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