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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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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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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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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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Quicksilver closes sale of Sand Wash Basin holdings

Fort Worth-based Quicksilver Resources Inc. said May 1 it closed on the previously announced sale to Southwestern Energy Production Co. of its jointly owned holdings with SWEPI LP in the Sand Wash Basin for gross cash proceeds of $180 million.
Quicksilver received total cash proceeds of $93.5 million, which includes a deposit of $4.5 million received on March 4, 2014, when the agreement was executed.
The effective date of the sale is Jan. 1, 2014. Quicksilver’s first-quarter 2014 results will not include the impact of this transaction as the sale was reflected on the date proceeds were received, in accordance with accounting rules.
The sale is not expected to create income effects.


Quicksilver Resources is a publicly traded independent oil and gas company engaged in the exploration, development and acquisition of oil and gas, primarily from unconventional reservoirs including shales and coal beds in North America.
Quicksilver’s Canadian subsidiary, Quicksilver Resources Canada Inc., is headquartered in Calgary, Alberta.
Quicksilver’s common stock is traded on the New York Stock Exchange under the symbol “KWK.”
For more information about Quicksilver Resources, visit www.qrinc.com.

Betty Dillard
bdillard@bizpress.net
 

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