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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Fort Worth TIF approves incentives for Westchester Plaza redevelopment, second 217-unit apartment property

A California REIT plans to buy the 50-year-old Westchester Plaza, demolish it, and redevelop the site with apartments, retail, medical-office, and parking.

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Arlington approves Chesapeake gas royalty settlement
A. Lee Graham

Reporter

Chesapeake Exploration LLC will pay the city of Arlington “a substantial lump sum” to resolve its claims for prior royalty underpayments and improper cost deductions, according to a newly approved settlement agreement.

Agreeing to the arrangement was the Arlington City Council. By 8-0 vote at its Aug. 19 regular meeting, the council settled the ongoing dispute alleging that Chesapeake Exploration, a subsidiary of Oklahoma City-based Chesapeake Energy Corp.,  underpaid royalties for natural gas collected from beneath outdoor parks and other public property.

Included in the settlement is Total E&P USA Inc., the Houston-based arm of French energy firm Total S.A. that owns about 25 percent of Chesapeake’s Barnett Shale property.

“This settlement compensates the city for past underpayments, but also ensures that no post-production costs will be charged against the city’s royalties in the future,” reads a portion of the settlement. The document also said the agreement ensures certainty regarding how Chesapeake and Total E&P will calculate royalties in the future.

“The result protects the public interest by assuring that the original intent of the leases will be honored,” according to the settlement.

Representing the city in the lawsuit was Shayne Moses, David Palmer and Tim Howell of Moses Palmer & Howell LLP, a Fort Worth law firm.

lgraham@bizpress.net

 

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?