There are a few ways that come to mind. One would be using track motion along with pan/crop and key-framing.
Another that may save some time is NewblueFX's video essentials III. I don't have this one myself, but I do have some others, good stuff.
Here is a link: and see if it might work for you.
There's a black border. Use the border FX except that'll also put a border at the top and bottom as well as the side. To wrangle that make the project a bit taller than needed then nest that into a project of the target size and crop the top and bottom off.
The original also had some non rectangular crops, for that you'll need to use a mask in Event Pan/Crop.
I'd say althought the original looks pretty simple a fair amount of time went into it and even with the tech we have today it's no five minute job and a lot of it comes down to planning the whole thing.
To follow up on Bob's suggestions, if you add a border after cropping, remember to click the pre/post toggle switch on the Border FX timeline or the border will not be on the cropped image.
The "Dallas" effect is not moving panels of video across the screen. The Dallas look is actually synchronized vertical bars (like in a wipe pattern) that are sliding across a video image. This is different than putting vertical bars around part of an image and then sliding that entire image across the screen.
It’s the same , the only difference is in the original images the clips are panned right - left = filmed not post production
So then pan the images within the mask.
the fx looks good as they all pan right left but the panels move in the opposite direction, no sync. required you just need the right footage