Tornado Watch #311 was just issued for our area
http://www.spc.noaa.gov/products/watch/ww0311.html

 Tornado Watch #311 states this:
TORNADOES…HAIL TO 3.5 INCHES IN DIAMETER…THUNDERSTORM WIND GUSTS TO 80 MPH…AND DANGEROUS LIGHTNING ARE POSSIBLE IN THESE AREAS.

DISCUSSION…VERY UNSTABLE AIR MASS WITH MLCAPES AOA 3000 J/KG AND LITTLE REMAINING INHIBITION ARE IN PLACE AHEAD OF COLD FRONT ACROSS NRN TX/SRN OK.  THUNDERSTORMS EXPECTED TO DEVELOP RAPIDLY DURING THE AFTERNOON ALONG/AHEAD OF COLD FRONT AND THE DRY LINE EXTENDING SWD IN NRN TX.  MDT/STG DEEP LAYER SHEAR WILL SUPPORT SUPERCELLS INCLUDING THREAT OF VERY LARGE HAIL AND TORNADOES.

Earlier this morning the chance of severe weather was a slight risk and it was upgraded to a moderate risk this afternoon.