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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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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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