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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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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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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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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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Exxon Mobil, LINN Energy strike deal

A. Lee Graham

Reporter

Exxon Mobil Corp. of Irving has executed an agreement to add almost 26,000 acres to its U.S. oil and natural gas portfolio managed by XTO Energy Inc. through a non-monetary exchange with LINN Energy LLC.

In exchange, LINN will receive part of XTO’s interest in the Hugotron gas field in Oklahoma and Kansas.

“This Midland Basin leasehold is in a prolific area where we expect rapid, profitable development of multiple horizons in the Wolfcamp and Spraberry formations,” said Randy Cleveland, president,, XTO Energy, in a news release.

“With this agreement and our previously announced transaction with Endeavor Energy Resources, we will increase our operated position in the Midland Basin Wolfcamp core to roughly 100,000 net acres and our total position in the basin to 300,000 net acres,” Cleveland said.

XTO will receive 25,000 net acres in the northern Midland core area that is considered conducive for horizontal Wolfcamp and Spraberry development, with current production of about 2,000 oil equivalent barrels per day, Exxon Mobil said. XTO also will receive 1,000 net acres in the New Mexico Delaware Basin that augments its existing leasehold and near-term development.

“This brings our leasehold position in the Permian Basin to over 1.5 million acres and in excess of 90,000 net barrels of oil-equivalent daily production,” Cleveland said.

LINN will acquire a portion of XTO’s interests in the low-decline, mature Hugoton gas field, including all non-royalty trust interests in the shallow formations, with current production of about 85 million equivalent cubic feet per day, 80 percent of which is natural gas.

lgraham@bizpress.net

 

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