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Fort Worth's TPG takes controlling interest in Hollywood, sports powerhouse

A Fort Worth firm has gone Hollywood.

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Downtown Fort Worth TIF reaches parking agreement with four garages

The TIF board will meet Oct. 29 to consider the agreements.

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Oil price drop goes unnoticed in Texas' Eagle Ford shale

CUERO, Texas — From her vantage point of the U.S. shale oil boom, Jill Potts doesn't see anything to worry about.

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Renovated Daniel-Meyer to put TCU basketball in the spotlight

You might say the Texas Christian University men’s basketball team was the sacrificial lamb in the university’s football-motivated move from the Mountain West Conference to the Big 12 Conference. The rising

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E-Mist finds focus: Ebola gives infection control start-up its moment in spotlight

In the space of 72 hours, George Robertson found his company’s products on the cover of The New York Times and himself on CNN and WFAA, along with innumerable mentions in various media around the world.

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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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