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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

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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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.

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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.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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First Titan announces Texas oil and gas acquisitions

 

A. Lee Graham
Reporter

First Titan Corp. is close to acquiring a working interest in about 1,000 acres in Hardin County near Beaumont in East Texas that include petroleum-producing assets.
According to the Bradenton, Fla.-based company, the property could make a profitable addition to its Texas portfolio, which currently includes assets in Terrell County.
“FTTN (First Titan) has plans to capitalize on the incredible growth in Texas oil production as increasing global demand for oil as well as innovations in drilling technology have turned the state’s once-sluggish oil industry into a booming success,” reads part of a company news release.
The company pointed to a recent report in the Wall Street Journal chronicling Texas’ strong energy production growth model, which is outperforming states such as California by a wide margin.
Texas has doubled its oil output since 2005 to pump out nearly two million barrels a day this year, almost 30 percent of total U.S. production.
“That huge number means that Texas is now producing as much oil as the four next-largest producing states combined,” First Titan said. According to Texas Railroad Commissioner Barry Smitherman, who also serves as oil commissioner, the state’s “total (oil) production could double by 2016 and triple by the early 2020s.”
First Titan Corp., through its wholly owned subsidiary, First Titan Energy LLC, develops oil and natural gas resources worldwide. More information is available at www.firsttitanenergy.com.
 

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