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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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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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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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Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

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Approach Resources cuts production after facility power failure

 

A. Lee Graham
Reporter

Approach Resources Inc. of Fort Worth has stopped production at the Phillips 66 Sweeny, Texas refinery due to a power failure.
The company’s natural gas liquids currently flow to the Sweeny refinery and fractionation complex through DCP Midstream’s processing plants in the Ozona, Texas area and through Chevron Pipe Line Co.’s EZ Pipeline.
“We estimate that production of approximately 5.2 (million barrels of oil equivalent per day) has been curtailed since May 11, 2013, due to downtime caused by the power outage, and we expect a full return to service by the end of this week,” the company said in a news release.
Before the curtailment, the company’s production for second-quarter 2013 was averaging about 9.7 million barrels of oil equivalent per day. As a result of the curtailment, Approach said it expects second-quarter 2013 production to range from 8.7 million barrels of oil equivalent per day to 9.1 million barrels of oil equivalent per day, compared to prior guidance of 9.3 million barrels of oil equivalent per day to 9.6 million barrels of oil equivalent per day.
DCP Midstream’s Sand Hills pipeline is expected to begin providing market access for natural gas liquids from the Permian Basin to Mont Belvieu near Houston by the end of second-quarter 2013. Approach sells its natural gas and natural gas liquids to DCP Midstream.
Approach Resources Inc., an independent oil and gas company with core operations, production and reserves in West Texas’ Permian Basin, operates about 148,000 net acres in that region. More information is available at www.approachresources.com.

 

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