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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

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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.

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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.

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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.

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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.

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Feds: Energy mining's disposal wells may have role in Oklahoma's earthquakes

Between last October and April 14, Oklahoma experienced 183 quakes of magnitude 3.0 or greater, the USGS and Oklahoma Geological Survey said. That is an increase from the state's long-term average from 1978 to 2008 of only two magnitude 3.0 or larger quakes per year.
Credit: USGS

Michael Martinez

CNN

(CNN) -- The oil and gas industry's injection of wastewater deep into the Earth is "a likely contributing factor" to the 50% increase in Oklahoma earthquakes since October, the U.S. Geological Survey said.

The jump in temblors significantly increases the chance for a damaging quake -- 5.5 magnitude or greater -- in the Great Plains state, the federal agency said.

"As a result of the increased number of small and moderate shocks, the likelihood of future, damaging earthquakes has increased for central and north-central Oklahoma," the USGS said Monday.

The increase in earthquakes "do not seem to be due to typical, random fluctuations in natural seismicity rates," a recent USGS statistical analysis found.

Rather, a finding by the USGS and the Oklahoma Geological Survey "indicates that a likely contributing factor to the increase in earthquakes is wastewater disposal by injection into deep geologic formations," the USGS said.

The Oklahoma Independent Petroleum Association, however, urged a wait-and-see approach in judging the USGS's assertions.

"Because crude oil and natural gas is produced in 70 of Oklahoma's 77 counties, any seismic activity within the state is likely to occur near oil and natural gas activity. The OIPA and the oil and gas industry as a whole support the continued study of Oklahoma's increased seismic activity, but a rush to judgment provides no clear understanding of the causes," the industry group said.

Between last October and April 14, the state experience 183 quakes of magnitude 3.0 or greater, the USGS and Oklahoma Geological Survey said. That is an increase from the state's long-term average from 1978 to 2008 of only two magnitude 3.0 or larger quakes per year.

"The water injection can increase underground pressures, lubricate faults and cause earthquakes -- a process known as injection-induced seismicity," the USGS said. "Much of this wastewater is a byproduct of oil and gas production and is routinely disposed of by injection into wells specifically designed and approved for this purpose."

To better gauge the increased quakes, the USGS and Oklahoma officials have added monitoring stations, which now stand at 15 permanent facilities and 17 temporary stations, the agency said.

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