Out of 26 million Texans, you may have an idea to change the world. You may have had several ideas to change the world. But only a tiny minority of you pushed through the U.S. Patent office from application to successful patent. We've seen Texans change the world many times over. Jack Kilby did it with Texas Instruments in 1958 with the integrated circuit, causing the start of the digital revolution, which, in part, is why you can read these words over your electronic device.
Over the last few years, Texas Business has brought its feature: Texas Business Patent of the Day. This list is of the ones that were either extremely clever, odd or strange. One thing becomes apparent from these patents and the patent that runs daily in Texas Business—Texans have a unique mind set.
Though the history of the Corn Dog is disputed, the State Fair of Texas claims to have introduced the Corny Dog sometime between 1938 and 1942. As a paean to that invention that now sits in the freezer section of every grocery store in the southwest, here are the fried foods the State Fair of Texas has introduced, or tried to introduce, in the last seven years.
Dead Texas musicians live on every time you hear their songs. Their songs play everywhere, so the dead Texas musicians appear to be immortal. Here's the short list.
Don't get caught up with John Wayne religion. For one thing, he's not Texan. He's in some fine movies involving Texas, most notably The Searchers, but none of his movies can make the best cut of Texas movies. Here's the short list.
Unsung Texas Business Journalists Mention that one is a reporter, and there's a spark of interest. Mention that one is a business news reporter, and watch the eyes glaze over. Except to the players, business and economic journalists are unappreciated. While many wish to become sports reporters when they grow up, most do not realize that business journalists cover the Real Game. Mention that reporter covers business, and watch the eyes glaze over. A toast to these below on the short list and the numerous unnamed ones slogging away. Full Story » TexasBusiness.com
Best Texas Mexican Food: The Short List No, we're not going to debate the difference between Tex-Mex, Mex-Tex, Mexican and Texican food. Just know these establishments are the pinnacle of Texas Mexican fare. No brag, just fact. Full Story » TexasBusiness.com
Best Texas Burgers Texas Burgers. . While a hamburger is merely sustenance and gratification for a meal, the memory a good Texas burger can give rise to Homeric odes. The short list. Full Story » TexasBusiness.com
Texas Business reports: Doral Energy Corp. and Pure Energy Group completed a merger, forming Cross Border Resources Inc. of San Antonio.
The Pure Energy Group consisted of Pure Gas Partners II, L.P. (Pure LP) and Pure Energy Group Inc., a wholly owned subsidiary of Pure LP.
The combined entity changed its' name to Cross Border Resources Inc. and will continue to trade under the ticker symbol DRLYD until January 24, 2011, after which the Company expects FINRA to assign the Company a new ticker symbol to reflect the Company's new name.
Cross Border Resources will also maintain Pure Energy's existing credit facility with Texas Capital Bank and will seek to amend the terms of the facility in the near future in order to properly reflect the newly combined assets of the company.
Additionally, the company has relocated its' corporate offices to San Antonio, Texas while maintaining an operational field office in Midland.
To complete the combination of Doral and the Pure Energy Group, Pure LP. transferred all of its oil and gas assets to Pure Energy Group. Doral then acquired Pure Energy Group in exchange for the issuance to Pure LP of 9,981,536 shares of Doral common stock in addition to the assumption of $4,050,000 in subordinated debentures, as well as the assumption of the Pure Energy Group's existing senior debt of $1,600,000 held by Texas Capital Bank.
After closing, Cross Borders Resources has an authorized capital consisting of 36,363,637 shares of common stock, with 12,453,080 shares currently issued and outstanding.
Cross Border Resources owns rights to over 800,000 gross (270,000 net) mineral and lease acres within the state of New Mexico. Over 26,000 of these net acres exist within the Permian Basin.
Unlike most exploration and production entities, 99 percent the company's acreage consists of either owned mineral rights or leases held by production. Current net production to the company is approximately 300 BOEPD (Barrels of Oil Equivalent Per Day).
Current development of Cross Border Resources' acreage is focused on its prospective Bone Spring acreage located in the heart of the first and second Bone Spring play. This play encompasses approximately 4,390 square miles across both New Mexico and Texas. Cross Border Resources currently owns varying, non-operated working interest in both Eddy and Lea Counties, New Mexico, along with their working interest partners that include Cimarex, Apache, and Mewbourne, who all having significant footprints within this play.
Additional development is currently underway on the well established Abo, Yeso, and San Andres plays within the company's acreage with the company's other working interest partners, Concho Resources and Cimarex. Cross Border Resources currently has a drilling inventory across these formations with varying non-operated working interests ranging from 3 percent to 90 percent.
The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: Pipeline ruling strengthens Texas private property rights; Texas Bowl seeks new title sponsor; Insult to Injury: Texas Workers’ Comp System Denies, Delays Medical Help; American Airlines continues to shed jobs; Chemical Safety Board shut out of West probe by ATF; America’s greatest threat: Unsafe work conditions; The West News proves the value of a great weekly newspaper in a community torn up with grief and chaos; and more.
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