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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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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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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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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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