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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

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Texas economist says Denton fracking ban would cost city and state millions

A leading Texas economist says the proposed hydraulic fracturing ban in Denton would cost the city and the state of Texas hundreds of millions of dollars in lost gross product.
The economic study by The Perryman Group of Waco analyzed the effects on the economy and tax revenue to local entities and the state if hydraulic fracturing was banned in Denton.


“The economic impact of a hydraulic fracturing ban in the city of Denton would be extremely detrimental,” said Texas economist Ray Perryman in a press release.
The Perryman Group just completed the study for the Fort Worth Chamber of Commerce. Denton city staff expect Tuesday evening's public hearing on the measure to draw a huge crowd to city hall.
“Over the next the 10 years, a hydraulic fracturing ban in the City of Denton would negatively impact the city of Denton’s local economy by $251.4 million in lost gross product; 2,077 lost person-years of employment; and put a severe financial strain on the city and its taxpayers from millions of dollars in lost oil and gas related revenue,” Perryman said.


A Colorado-based group has been circulating a competing petition in support of hydraulic fracturing, or fracking.
The head of the agency that regulates the oil and gas industry in Texas wrote Denton city officials last week asking them to withhold their support for the petition. Outgoing Railroad Commission Chairman Barry Smitherman likened it to a "ban on drilling" that could injure the state's economy.
The Perryman study will be formally presented to the Denton City Council July 15 during at its public hearing on the proposed hydraulic fracturing ban. Less than 1,600 registered voters in the city of Denton have petitioned to have the Council either adopt a “hydraulic fracturing ban” or place the measure for voter consideration on the November 4, 2014 ballot.
Even if the council rejects the ban, Denton residents could vote on it in November.- Robert Francis, The Associated Press
 

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