Join The Discussion

 

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

read more >

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.

read more >

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.

read more >

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.

read more >

Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

read more >

Oil and gas regulator chairman makes fracking plea to Denton

EMILY SCHMALL, Associated Press


FORT WORTH, Texas (AP) — The head of the agency that regulates the oil and gas industry in Texas is asking officials of Denton in North Texas to withhold support from a grass-roots petition advocating a ban on hydraulic fracturing within the city limits.

The university town sits on the Barnett Shale, believed to hold one of the largest natural gas reserves in the U.S.

Barry Smitherman, chairman of the Texas Railroad Commission, called the measure "essentially a ban on drilling" that is "extremely misguided," in a letter Thursday addressed to Denton Mayor Chris Watts and the City Council.

"If other cities were to follow your lead, then we could potentially, one day, see a ban on drilling" in Texas, Smitherman wrote.

City leaders temporarily halted fracking as they consider making their city the first in the state to permanently ban the practice.

The temporary ban does not apply to the 275 currently active gas wells in Denton, and likewise, a permanent ban would only prevent any additional fracking from taking place, the petition's organizers have said.

"They can keep drilling, they just can't frack," said Cathy McMullen, a leader of the Denton Drilling Awareness Group, which submitted the petition.

Fracking involves blasting a mix of water, sand and an assortment of chemicals deep into underground rock formations to free oil and gas. The method has long stirred concerns about its effect on air and water quality.

Industry proponents argue that fracking can be done safely and is cleaner than other forms of energy extraction.

The Denton City Council plans a July 15 public hearing, and Watts says the letter will be added to the public record.

"We're receiving a lot of literature from both sides of the issue," Watts said.

Even if the council rejects the ban, Denton voters could still vote on it in November.

Smitherman lost an attorney general's race in March's Republican primary.
 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?