Join The Discussion

 

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

read more >

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.

read more >

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.

read more >

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.

read more >

Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

read more >

Pickens in partnership to develop natural gas engines for drilling rigs

CASPER, Wyo. (AP) — T. Boone Pickens is teaming up with a family-run Wyoming business hoping to become the largest maker of natural gas engines for drilling rigs.

The Texas oil tycoon's energy hedge fund, BP Capital, is partnering with Casper-based Moser Energy Systems to create a new company — Mesa Natural Gas Solutions. Moser will continue making the engines and Pickens' fund will promote them. Pickens joined Moser executives in announcing the joint venture Wednesday at its new building in Evansville, the Casper Star-Tribune (http://bit.ly/1h6KGqz ) reported.

Moser's engines convert raw natural gas from oil drilling sites into fuel for the engines, eliminating the need to haul diesel to remote sites that don't have electricity.

With about 95 percent of drilling rigs now fueled by diesel, Pickens said Moser has a lot of potential for growth.

"It is cheaper (and) cleaner, and it's domestic," he said.

Pickens made much of his fortune in oil drilling and has traveled the country championing wind power and other alternative energy forms.

Moser Energy was founded in 1973 and has grown rapidly recently as American energy production has increased. The company's staff has more than doubled in the last 18 months, going from 26 employees to over 60.

Domestically, most of its engines are sent to North Dakota and Texas but it also has been selling them in Ecuador, Venezuela and Oman.

Moser Energy vice president Jakob Norman said it would like to eventually become the biggest supplier of gas-fired engines.

"When you take the people who have the experience in the oil and gas industry, not in America, but worldwide, combine that with a great product, we can now get into basins more quickly than (we could) without those relationships," he said.
 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?