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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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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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Exxon Mobil, LINN Energy strike deal

A. Lee Graham

Reporter

Exxon Mobil Corp. of Irving has executed an agreement to add almost 26,000 acres to its U.S. oil and natural gas portfolio managed by XTO Energy Inc. through a non-monetary exchange with LINN Energy LLC.

In exchange, LINN will receive part of XTO’s interest in the Hugotron gas field in Oklahoma and Kansas.

“This Midland Basin leasehold is in a prolific area where we expect rapid, profitable development of multiple horizons in the Wolfcamp and Spraberry formations,” said Randy Cleveland, president,, XTO Energy, in a news release.

“With this agreement and our previously announced transaction with Endeavor Energy Resources, we will increase our operated position in the Midland Basin Wolfcamp core to roughly 100,000 net acres and our total position in the basin to 300,000 net acres,” Cleveland said.

XTO will receive 25,000 net acres in the northern Midland core area that is considered conducive for horizontal Wolfcamp and Spraberry development, with current production of about 2,000 oil equivalent barrels per day, Exxon Mobil said. XTO also will receive 1,000 net acres in the New Mexico Delaware Basin that augments its existing leasehold and near-term development.

“This brings our leasehold position in the Permian Basin to over 1.5 million acres and in excess of 90,000 net barrels of oil-equivalent daily production,” Cleveland said.

LINN will acquire a portion of XTO’s interests in the low-decline, mature Hugoton gas field, including all non-royalty trust interests in the shallow formations, with current production of about 85 million equivalent cubic feet per day, 80 percent of which is natural gas.

lgraham@bizpress.net

 

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