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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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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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Texas jobless rate falls as employers add workers

Texas unemployment fell to 4.3 percent during February for the sixth straight month of declines, the Texas Workforce Commission reported Friday.

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Quicksilver to partner with Eni in Delaware Basin

 

Fort Worth independent oil and gas company Quicksilver Resources Inc. said Nov. 5 it has entered into an agreement with Eni to jointly evaluate, explore and develop 52,500 gross acres in the Delaware Basin currently held by Quicksilver in the Leon Valley area located in Pecos County, Texas.
Under the terms of the agreement Eni will pay up to $52 million representing 100 percent of drilling, completion and seismic costs to earn a 50 percent interest in Quicksilver’s Pecos County acreage.


The investment by Eni will occur in three phases with the first phase covering the drilling and completion of up to three wells beginning by June 2014. The agreement also provides that, upon funding of the first phase, Eni will earn 50 percent of Quicksilver’s interest in a 7,500 gross-acre tract also located in the Leon Valley area.
Eni will then have the option to fund the drilling and completion of two additional wells and commit to a 3-D seismic survey in order to fully earn a 50 percent interest in Quicksilver’s Pecos County acreage.


After Eni’s $52 million investment, both companies will share equally in all future revenue, operating costs and capital expenditures.
The two companies also will pursue additional opportunities in Pecos and Reeves counties.
“We are pleased to expand Quicksilver's working relationship with Eni to our West Texas project,” said Glenn Darden, president and CEO of Quicksilver Resources. “Eni has been an excellent partner who has helped us enhance the recovery of the gas reserves in the Alliance area of our Barnett development, and we look forward to success on the oil side in the Delaware Basin.”


Quicksilver’s common stock is traded on the New York Stock Exchange under the symbol “KWK.” For more information about Quicksilver Resources, visit www.qrinc.com. - Betty Dillard
 

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