There isn’t a single soul in the oil and gas industry who wouldn’t kill for a crystal ball, but at a Thompson and Knight luncheon earlier this week in Dallas, industry insider Reva Goujon was tasked with bringing one.Read More
A Dallas startup that created a noninvasive blood glucose monitor landed the top prize at the Health Innovation Pitch Competition as part of the 2016 Healthcare Dealmakers Conference.
Socrates Health Solutions, founded in 2013, developed a sensor that clips on to the user’s ear and sends blood glucose readings to the user’s mobile device.Read More
At last week’s AT&T Byron Nelson tournament, I had a chance to talk with Damon Goddard, shortly after he held workout sessions with two of his clients, PGA golfers Jordan Spieth and Kelly Kraft. Goddard has been in the sports performance business for 18 years. He began working out with a few PGA pros about 10 years ago and saw a need to help more players incorporate strength and conditioning into their golf game.Read More
Toyota Motor Corp., which is relocating its North American headquarters to Plano, has entered a partnership that will give Uber drivers a new way to pay for their cars and explore future collaboration opportunities.Read More
AT&T is expanding its high-speed Internet service to more locations in Southern Dallas, helping support Mayor Mike Rawlings GrowSouth initiative. The GigaPower service provides internet speeds up to 1 gigabit per second.Read More
Susan Hawk in Houston indefinitely. The Dallas County District Attorney, who returned to the Menninger Clinic in Houston due to severe depression, doesn’t have a return date set yet. She was treated there last year before resuming her work in Dallas. Messina Madson, Hawk’s top prosecutor, will deal with daily office goings-on in the meantime.
Loose dogs captured in Oak Cliff. The loose dog problem continued when two dogs allegedly bit a man in east Oak Cliff yesterday morning. Police and animal control officers ended up capturing the dogs after fending the dogs off themselves.
High-speed internet coming to southern dallas. AT&T is aiming to bring high-speed internet to southern Dallas neighborhoods, which will help residents and businesses become more connected. Executives from AT&T are announcing the plan at a press conference this morning at Dallas City Hall. Mayor Rawlings says this shows that major companies are now concentrating on southern Dallas.
Dallas bachelorette JoJo Fletcher begins her journey to find love. The 25-year-old’s season premiered last night. It entailed a man riding in on a horse dressed as a unicorn, a guy wearing a kilt, another guy dressed as Santa Claus, and, obviously, alcohol-fueled antics. Good luck, JoJo.Read More
OK, so this week’s big winner is obvious, huh? But who’s losing in the zero-sum game of life?Read More
U.S. Labor Secretary Thomas E. Perez praised Southwest Airlines today for the way it compensates some of its workers. Addressing a national conference of business journalists in greater Washington, D.C., Perez said the decline of “union density” over the years had led to lower wages and contributed to income inequality. Today “there’s no leverage to […]Read More
AT&T’s acquisition of DirecTV was honored as the Deal of the Year in the 2016 Mergers and Acquisitions Awards, presented by D CEO and the Association for Corporate Growth, Dallas-Fort Worth. Gibson Dunn’s Jeffrey Chapman was named Dealmaker of the Year.Read More
A just-released University of Texas/SMU study has found that humans (specifically oil and gas industry activity) have been causing earthquakes in Texas since at least the 1920s. Some of this seismic activity is associated with the injection of fluids (usually wastewater) into the ground, while others involved oil and gas or fluid extraction. Say the scientists:
Altogether, for the 162 Texas earthquakes having magnitudes of 3 or greater and occurring between 1975 and 2015, we categorize 42 (26%) as almost certainly induced, 53 (33%) as probably induced, 45 (28%) as possibly induced, and the remaining 21 (13%) as tectonic
The study notes that analysis of the string of quakes centered near the old Texas Stadium site in Irving is not yet complete, but it does devote a section to discussing seismic activity at Dallas-Fort Worth International Airport between 2008 and 2013:
We and others conclude that the DFW airport earthquakes were induced because of the absence of historical seismicity prior to injection, the proximity of the injection well to a known mapped fault, the onset of activity only six weeks after injection commenced in 2008, and the earthquake depths at and below the depth of injection.
What do the government regulators charged with monitoring the oil and gas industry have to say about these findings? A Railroad Commission spokesperson told the Morning News the study’s methods — admittedly based on somewhat subjective questions and drawing correlations from the data — are arbitrary.
God bless Texas.Read More
This is a tricky one. On the one hand, living in a free-market-loving country and state as we do, it’s hard not to experience cognitive dissonance when we hear about the government having to pay money (or grant big tax breaks) to bring businesses to town.
Did Dallas really need to give the Richards Group $1.8 million to subsidize the building of its parking-garage-with-an-office-on-top in one of the most desirable, walkable neighborhoods in the city? Or $450,000 to Zale Corp. to move to a segment of the city so remote that most of the economic benefits will likely spill into the suburbs? Or $3 million to a multibillion dollar big-box retailer to set up shop in North Dallas?Read More
Urban farm coming to downtown. There’s a vacant lot located between Deep Ellum and the Dallas Farmers Market that will likely become an urban farm by next year. Yesterday, the City Council’s Economic Development Committee concurred that this is a good idea. The urban farm will help returning veterans learn how to work the land and will provide fresh produce that people can purchase.
Wrong apartment set on fire, woman dies. 58-year-old Debra Williams died at Parkland from fire-related burns at her southeast Dallas apartment. The fire was set as revenge for a gang-related shooting, except it was meant for someone else. The gunman in the shooting was Christopher Deon Shaw, and police sources believe that someone set the fire thinking one of Shaw’s friends lived at the apartment.
I-30 Cedars exit to be closed for months. Eastbound I-30’s exit for Lamar Street, which takes drivers to downtown and The Cedars neighborhood, will close this Friday evening and will be closed until the fall. This closure is part of the Horseshoe Project, which aims to revamp where I-30 and I-35E meet.
Hail expected today. It’s been a hail-heavy rainy season. Today’s storms could bring quarter-sized hail to North Texas. And of course, a whole lot of rain.
Amazon Prime members in Dallas now can get one-hour delivery from local restaurants via the Prime Now app and website. The company is providing free delivery on all orders. The service is launching in Dallas and Manhattan on Monday and joins Baltimore, Seattle, Portland, Chicago, Austin, San Francisco, San Diego, and Los Angeles, which already have the offering.Read More
AT&T has announced plans to acquire Canada-based Quickplay Media Inc. to supporting DirecTV streaming offers it plans to introduce later this year. Quickplay, currently owned by Chicago-based Madison Dearborn Partners, powers over-the-top video and TV Everywhere services. It currently supports AT&T’s U-verse TV EverywhereRead More
The Dallas Innovation Alliance, the Dallas Entrepreneur Center, Tech Wildcatters and Comerica Bank have recently entered into respective strategic partnerships that will help spur innovation within Dallas. The two announcements were made Monday morning.Read More