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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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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.
 

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