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Bill would allow property owners to sue over drilling ordinances

The latest bill to be filed after Denton banned hydraulic fracturing would make cities that adopt restrictive drilling regulations pay mineral owners for their loss of property. State Sen. Van Taylor, R-Plano, filed legislation last week that he says would set up a mechanism allowing a qualified group of property owners with a state-issued drilling permit to seek payment if ...

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Williston man camp closing because of city code violations

WILLISTON, N.D. — Officials in Williston are standing by their previous decision and forcing a 400-bed man camp to close because of city code violations. The Williston Herald reports that Black Gold Lodge petitioned the city to reverse a Jan. 13 decision to shut down the facility Tuesday evening. City commissioners moved to take no action, allowing their previous vote ...

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Council to consider support of Affordable Housing Project

SAN ANGELO, Texas – The city will not waive permit fees for an affordable housing project proposed for southwest San Angelo, but the City Council will consider a resolution supporting the project. “LDG Development LLC, is asking council for a general resolution of support to make the Valleyview apartment project more competitive,” a city memo states. At Tuesday’s council meeting, ...

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Cheaper crude oil subdues U.S. producer inflation; housing starts fall

WASHINGTON – U.S. producer prices recorded their biggest decline in more than five years in January on plunging energy costs, pointing to very benign inflation in the near term that could argue against raising interest rates. Other reports on Wednesday suggested the economy was growing moderately early in the first quarter. Housing starts fell last month, while manufacturing output edged ...

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Commercial Real Estate Remains Strong in Utica Market

"Sold Sign." Image provided by NAI.

Featured Partner Commercial Real Estate activity in Utica and Western Marcellus Shale areas continued to flourish in 2014 as drilling, pipeline construction and processing facilities continue to expand and create avenues for getting Oil & Gas product to market. “As the Shale play expands south in the Utica, we have seen commercial activity slow, but we continue to see demand ...

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