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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

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Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

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Hilton Fort Worth named to Historic Hotels

The Hilton Fort Worth is one of 24 hotels named a member of the Historic Hotels of America, the Washington, D.C.-based group announced on Nov. 18.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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Athlon Energy acquires Midland Basin properties

A. Lee Graham

Reporter

Athlon Energy Inc. has acquired several parcels in the Midland Basin that sees the Fort Worth firm gain additional drilling property primarily on the western side of basin.

The company paid $873 million in cash for land in Martin, Upton, Andrews, and Glasscock counties near the company’s existing operations.

The acquisitions bring the company 23,500 net acres with an average 97 percent working interest, current net production of about 4,800 barrels of oil equivalent per day and total estimated net reserve potential exceeding 250 million barrels of oil equivalent.

The properties will require one vertical rig drilling about 20 wells per year to hold the acreage, according to the company, which expressed confidence that it can achieve through reallocating its existing eight vertical rig fleet. “Today’s acquisitions exemplify Athlon’s core strategy of acquiring only high-quality properties, demanding strong economic returns, and applying extensive technical expertise to exploit our huge resource potential through the drill bit,” stated Bob Reeves, chairman, president and CEO in a news release.

“With our portfolio of premier assets, Athlon is proud to be a top-tier operator with exposure across the entire northern Midland Basin,” Reeves said.

Athlon Energy is an independent exploration and production company that acquires and develops unconventional oil and liquids-rich natural gas reserves in the Permian Basin. More information is available at www.athlonenergy.com

lgraham@bizpress.net

 

 

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What was the message of the midterm elections?