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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Police association planning 25,000-square-foot offices

The POA, which recently demolished its one-story building at 904 Collier St. near downtown, is planning a five-story replacement.

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Lawmakers advance new name for state energy agency

Add right column body text here.

MICHAEL BRICK,Associated Press

 

 


AUSTIN, Texas (AP) — Seeking to clarify the mission of the agency that primarily regulates the oil industry in Texas, state senators on Thursday approved a name change.

Under a bill unanimously approved by the Texas Senate, the Railroad Commission would become the Texas Energy Resources Commission.

Founded in 1891 to regulate the railroads, the agency quickly extended its powers amid the big oil discoveries of the early 20th century. It has become a powerful national force influencing oil supplies and prices.

Last year, in a review of the agency's work, state analysts from the Sunset Advisory Commission reported significant new challenges on the horizon with the expansion of the drilling technique known as hydraulic fracturing. They included complex matters of safety, pollution and the potential for damage to state infrastructure. But they opened their report with a more pedestrian issue.

"Despite its misleading name, the Railroad Commission of Texas regulates the state's oil and gas industry and has nothing to do with railroads," the analysts wrote. "The clarity of its name matters now more than ever as the Commission's job takes center stage in overseeing an unprecedented expansion of oil and natural gas drilling in the state."

While the bill would also give the commission new powers to charge fees and enforce regulations, senators seemed more concerned with the name issue.

Sen. Craig Estes, R-Wichita Falls, offered an amendment that would have changed the name to the Texas Energy Commission.

"I think it's shorter and cleaner," he said.

But he withdrew his amendment, deferring to a different name idea from Sen. Glenn Hegar, R-Katy, who suggested the Texas Department of Oil and Gas.

After a series of closely contested votes, during which the chamber grew uncharacteristically quiet, Sen. Robert Nichols, R-Jacksonville, managed to win the day on behalf of his favored name.

The proposal still must gain the approval of the House.

The new name, Nichols wrote in a bill analysis, should reduce confusion among voters.


 

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