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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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REIT plans demolition of Fort Worth's Westchester Plaza, mixed-use redevelopment

The developer is seeking a $3.8 million reimbursement from the Southside tax increment finance district.

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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ExxonMobil to develop Gulf oil field

 

A. Lee Graham
Reporter

Exxon Mobil Corp. of Irving has announced plans to develop the Julia oil field in the Gulf of Mexico.
Production is expected to begin in 2016, with capital costs for the project estimated at more than $4 billion. Discovered in 2007, the field is estimated to harbor almost six billion barrels of resource.
“The development of Julia will provide a new source of domestic energy and well-paying jobs over the next several years,” said Neil W. Duffin, president of ExxonMobil Development Co., commenting in a news release.
“Access to resources such as Julia will contribute to U.S. energy security for many years to come,” Duffin said.
The first phase is expected to handle 34,000 barrels of oil a day and includes six wells with subsea tie-backs to the Jack & St. Malo production facility operated by Chevron USA Inc.
“Julia is one of the first large oil discoveries in the ultra-deepwater frontier of the Gulf of Mexico,” Duffin said of a resource located more than 30,000 feet below the ocean’s surface.
ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50-percent interest in the Julia unit. The past decade has seen ExxonMobil drill 36 deepwater wells in the Gulf of Mexico in water ranging from 4,000 feet to 8,700 feet.
Exxon Mobil Corp., the largest publicly traded international oil and gas company, refines and markets petroleum products. More information is available at www.exxonmobil.com
 

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