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Dee Lincoln bringing restaurant to Fort Worth's Museum Place

Dee Lincoln is bringing her restaurant to Fort Worth’s Museum Place project. The 5,300-square-foot restaurant, at 3280 W. Seventh St., is expected to open in the first quarter of

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Fort Worth council members approve Cavile Place redevelopment plan

The vote kicks off what officials say will be a 10-15-year implementation.

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Former RadioShack CEO caught in protest over ousted leader at Market Basket

Employees protest over many things: higher wages, better benefits, safer working conditions in their jobs. What's far more unusual, if not unprecedented, is to see workers, organized by senior managers, stage a rebellion to help their CEO get his job back.

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UT Arlington Army ROTC officer named nation's top military science professor

The U.S. Army Cadet Command has named Lt. Col. Lora A. Rimmer, Commander of the Army ROTC “Maverick Battalion” at University of Texas at Arlington, the nation’s Professor of Military Science of the Year.

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Fort Worth Hilton owners acquire Ashton Hotel

The Ashton Hotel, a historic boutique hotel in downtown Fort Worth, has been sold to a new owner.

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KKR and Legend Productions to create new oil and gas firm in Fort Worth

Global private equity firms KKR & Co. LP and Riverstone Holdings LLC will form one of the largest oil and gas companies in the Barnett Shale with the merger of the existing assets held by KKR Natural Resources Funds with the assets of Legend Production Holdings LLC.
The new oil and gas company, called Trinity River Energy LLC, will be headquartered in Fort Worth and led by Chris Hammack, the current president and chief executive officer of Legend.
Financial terms of the transaction were not disclosed.


Trinity will be jointly owned by KNR and Riverstone. The firm’s operations executive team will be based in Fort Worth while its finance, accounting and information technology executive team will be based in Houston.
The transaction brings approximately 258 mmcfe/d of gross production in the basin. In addition to a large natural gas inventory in the Barnett, Trinity also will have liquid-rich properties in the Permian Basin, East Texas, South Texas, Louisiana and Mississippi.
The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the third quarter of 2014.
KKR's investment in Trinity is being made by KNR. Future KNR acquisitions made with Fleur de Lis Energy LLC will not be acquired by or otherwise form part of Trinity.

-Betty Dillard
bdillard@bizpress.net
 

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