Join The Discussion

 

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.

read more >

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.

read more >

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.

read more >

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.

read more >

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,

read more >

 

Global Geophysical files for bankruptcy protection

HOUSTON (AP) — Global Geophysical Services Inc., which provides seismic data to oil and gas companies, has filed for Chapter 11 bankruptcy protection.

CEO Richard White said in a statement late Tuesday that the Houston company has been burdened with "significant debt" incurred over the last several years.

White said Global Geophysical Services has been in talks with its lenders and bondholders to start exploring methods to improve its liquidity.

"We are beginning the process of developing a consensual financial restructuring plan that will reduce the company's debt and align our financial profile with the strength of our operations," he said.

White added that Global Geophysical Services has a strong backlog and is seeing increased demand for its services.

Global Geophysical Services filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas, Corpus Christi Division. It has asked for authority to continue to support its international operations and plans to pay suppliers in full under normal terms for goods and services provided after the Tuesday filing date.

The company's subsidiaries outside the U.S. were not included in the filing.
 

< back

Email   email
hide
Catch
How 'bout them Cowboys?