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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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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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