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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

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Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

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Hilton Fort Worth named to Historic Hotels

The Hilton Fort Worth is one of 24 hotels named a member of the Historic Hotels of America, the Washington, D.C.-based group announced on Nov. 18.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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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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