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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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Companies report success at Texas conservation symposium
A. Lee Graham

Reporter

Oil and gas operators statewide credit Texas Railroad Commission rule amendments enacted last year for boosting the economic viability in enhancing their water-recycling efforts and helping conserve state water resources.

Making those comments on Thursday at a Texas Oil and Gas Water Conservation and Recycling Symposium in Austin were representatives of 26 companies, including Roanoke-based Fountain Quail Water Management LLC, Baker Hughes and Apache Corp., among others.

The meeting followed last’s year’s amendments to the commission’s recycling rules. They were made to encourage further conservation, reuse and recycling of produced water by oil and gas operators in the oilfield.

“Today, operator Fasken Oil and Ranch reported that they expect to no longer use freshwater in their operations by the end of June 2014, resulting in a total of approximately 2.3 million gallons of fresh water left in the ground,” Commissioner Christi Craddick said at the meeting.

“Due to the drought our state is currently experiencing, the importance of water conservation and scrutiny over water usage continues to grow, and the industry is doing their part in conserving this precious resource,” Craddick said.

At the symposium, industry representatives updated Craddick and staff on industry best practices in water recycling and conservation. Accomplishments discussed during symposium discussion include:


·         Recycling has significantly reduced the use of fresh water in oil and gas production operations.

·         Companies that gave presentations reported recycling capacity of up to 1.5 million barrels of water per day; recycling up to 50 million barrels of water since industry focus to increase recycling began in 2012; and recycling produced water to account for up to 100 percent of their water needs in energy production.

·         The amount of produced water hauled by trucking and disposed underground has dropped, and will continue to decrease exponentially.

·         Produced water is now a resource and sold as a commodity for re-use in hydraulic fracturing operations.

lgraham@bizpress.net

 

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