East End golf course set for new round of renovations
Houston Golf Association launched a new round of improvements at the historic Gus Wortham Park Golf Course in the East End.
Phase two of the renovations will include a new clubhouse, a grill, work to support updated parking, road improvements and a new shortgame practice area. Completion is targeted in late summer or early fall.
The not-for-profit Houston Golf Association, in partnership with the city of Houston, completed extensive renovations of the course in October 2018. The project overhauled the course, brought a new irrigation system, an irrigation lake for storm water retention, new cart paths and reestablished creek banks.
New community begins near Conroe
The Signorelli Co., a real estate development company based in The Woodlands, launched the development of Caney Mills, a residential community planned for more than 1,000 homes in the Conroe area.
Jeff Dewese, Signorelli's senior vice president
of the land division, said the region continues to be one of the fastestgrowing cities in the metro area.
“The location and natural wooded landscape of Caney Mills provide the perfect setting for all types of family formations,” Dewese said.
Signorelli, the developer of the Valley Ranch master planned community northeast of Houston, builds homes through its First America Homes and Rental Properties of America divisions.
Another deal is settled in oil patch
Diamondback Energy has completed its allstock purchase of rival QEP Resources, strengthening its position
in the prolific Midland Basin of West Texas.
The Midland oil and gas producer on Wednesday said it acquired the Denver-based QEP Resources after QEP stockholders approved the deal on Tuesday. QEP stockholders received 0.05 of a share of Diamondback stock for each share of QEP stock.
When the deal was announced in December, QEP was valued at $2.29 a share, or $2.2 billion including debt. However, as oil prices have rallied with the rollout of coronavirus vaccines, the value of QEP’s shares has more than doubled.
Diamondback’s deal is the latest in a wave of consolidation sweeping the energy industry in the wake of the pandemic-driven oil bust.