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Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

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Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

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Monty Bennett: Businessman, water district activist

Monty Bennett’s name will not appear on the ballot for the Tarrant Regional Water District board of directors yet he remains a powerful backstage player whose influence could shape the direction of the district’s business for years to come.

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Price appeal: Condos going up on Near Southside

Chris Brassard and Omar Diaz had apartments in mind when they built a 12-unit complex on May Street just south of West Magnolia Avenue on Fort Worth’s Near Southside. Then their leasing agent, Will Northern of Northern Realty Group, suggested they consider selling the units as condominiums.

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Westchester Plaza manager says "business as usual" for now

The future of a redevelopment plan for the 50-year-old Westchester Plaza on Fort Worth's Near Southside is unclear.

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Chesapeake closes Mississippi Lime JV with Sinopec

A. Lee Graham

Reporter

Chesapeake Energy Corp. has completed its previously announced Mississippi Lime joint venture with Chinese oil company Sinopec International Petroleum Exploration and Production Corp.

Oklahoma City-based Chesapeake sold a 50 percent undivided interest in about 850,000 acres in northern Oklahoma for total consideration of $1.02 billion in cash, of which about 93 percent was received at closing.

“Chesapeake is pleased to have Sinopec as our partner in the Mississippi Lime play, and we look forward to efficiently developing and growing this asset for many years to come,” said Chesapeake CEO Doug Lawler in a news release.

Assets associated with the joint venture produced about 9,600 barrels of liquids and 54 million cubic feet of natural gas per day during first-quarter 2013. All future exploration and development costs in the joint venture will be shared proportionately between the parties.

As project operator, Chesapeake will conduct all leasing, drilling, completion, operations and marketing activities for the joint venture.

Serving as financial adviser to Chesapeake in the joint venture was Jefferies & Co. Inc.

Chesapeake Energy Corp., whose interests include the Barnett Shale in North Texas, develops unconventional natural gas and oil fields nationwide. More information is available at www.chk.com.

lgraham@bizpress.net


 

 

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