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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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Fort Worth Superintendent candidate withdraws from consideration

And then there were none. The lone Fort Worth ISD Superintendent candidate, Dr. Joel D. Boyd, has informed the Fort Worth ISD Board of Education that he is

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GreenHunter Resources reports 2Q revenue surge

A. Lee Graham

Reporter

GreenHunter Resources Inc. of Grapevine has reported second-quarter revenues at $6.9 million, 18 percent higher than $5.8 million in the same period last year.

The water resources firm also reported total disposal volumes from continuing operations as 80 percent higher in the three months ended June 30, 2014 at 975,000 barrels injected compared to 543,000 in the same period last year as the company strengthens its position as an owner and operator of commercial saltwater disposal wells in the Marcellus and Utica shale plays in the Appalachia region.

The quarter also saw GreenHunter complete the necessary permit application to construction permanent barge trans-loading and bulk storage facilities for oilfield brine and condensate in the same region.

Meanwhile, the firm reported positive earnings before interest, taxes, depreciation and amortization at $447,000 for the quarter. It reduced its working capital deficit by 55 percent from $9.7 million as of Dec. 31, 2013 to $4.4 million as of June 30, 2014, a drop of $5.3 million. The quarter also saw the firm form a new hydrocarbons division to complement its total fluids management solutions operation in the Marcellus and Utica plays.

One-time start-up costs related to the division, as well as a new environmental solutions division, and costs associated with relocating equipment from its South Texas divisions, where it has ceased operations, to Appalachia, totaled about $110,000.

GreenHunter Resources Inc. is a diversified renewable energy company focused primarily on water resource management in oil and shale resource plays. More information is available at www.greenhunterenergy.com

lgraham@bizpress.net

 

 

 

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