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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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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Denton could be first city in state to ban fracking

EMILY SCHMALL, Associated Press


DENTON, Texas (AP) — A North Texas city that sits on top of the Barnett Shale, believed to hold one of the largest natural gas reserves in the U.S., could become the first place in Texas to permanently ban hydraulic fracturing.

A temporary ban is in place until September, but fracking opponents want to make that permanent through an ordinance that would prohibit the practice in Denton.

Operators would be allowed to continue extracting energy from the 275 wells in Denton that have already undergone fracking, but not initiate the process on old wells.

The city council will have 60 days to hold a public hearing and to vote on a measure expected to be submitted Wednesday.

"There's industrial activity right in the midst of a residential area diminishing people's property values and exposing them to toxins," said Adam Briggle of the Denton Drilling Awareness Group, the non-profit that organized the petition.

The fracking process involves blasting a mix of water, sand and chemicals into deep rock formations to free oil and gas.

The process has led to major economic benefits but also to fears that the chemicals could spread to water supplies and worsen air quality.

Under Texas law, land ownership is split between the surface and the minerals below, and in Denton, most of the mineral rights are held by estates and trusts outside Texas. Fracking in the city has created a divide between owners of mineral rights and residents who have to live with the consequences.

At the intersection of Vintage Ave. and S. Bonnie Brae in Denton, newly built homes face gas wells located about 200 feet away.

Industry proponents argue that fracking can be done safely and is cleaner than other forms of energy extraction. Of the 19 oil and gas companies operating in Denton, EagleRidge Energy is among the biggest.

"There is no question that wells can be drilled and fracked safely," said EagleRidge Chief Operating Office Mark Grawe. EagleRidge would consider a ban on fracking a violation of property rights and would likely lead to a claim against the city, Grawe said.
 

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