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Oil and Gas Investing" rel="category tag">New Mexico Oil and Gas Investing</a>, <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/category/texas-oil-and-gas-investing/" title="View all posts in Texas Oil and Gas Investing" rel="category tag">Texas Oil and Gas Investing</a></p> <p><a title="Permian Basin Energy Production" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/permian-rising-booming-energy-production-driving-tx-nm-economies/permian-basin-energy-production/" target="_blank" rel="attachment wp-att-3586"><img class="alignleft wp-image-3586" style="border: 0px none; margin: 5px 10px;" alt="Permian Basin Energy Production" src="https://web.archive.org/web/20140525154406im_/http://www.arescotx.com/wp-content/uploads/permian-basin-energy-production-300x225.jpg" width="240" height="180"/></a>Increasing oil and gas production from the Eagle Ford formation and the Permian Basin has propelled Texas passed yet another petroleum milestone. If it were its own “kingdom,” the Lone Star State would rank as the <a title="Oil and Gas Boom in Texas" href="https://web.archive.org/web/20140525154406/http://www.forbes.com/sites/davidblackmon/2014/01/09/oil-gas-boom-2014-a-great-time-to-be-a-texan/" target="_blank">9th largest oil-producing nation in the world</a>.</p> <p>Texas leapt passed oil giants like Nigeria, Mexico, Kuwait, Brazil and Venezuela moving solidly into the oil producing top ten in the twelve months preceding September 2013. Texas is on deck to surpass OPEC giants Iran, Iraq, and the United Arab Emirates if current production trends maintain their momentum.</p> <p>Much of this success is owing to the geologically opportune <strong><a title="Permian Basin" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/permian-basin/">Permian Basin</a></strong>, where crude production is expanding rapidly. <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/boom-stresses-expose-rich-permian-opportunities/#more-3803" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/unconventional-processes-are-driving-permian-basin-riches/">Unconventional Processes are Driving Permian Basin Riches</a></h1> <p style="font-size:11px;margin-top:-20px;">Monday, April 21st, 2014 and is filed under <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a></p> <p><a title="Permian Basin Shale Oil Unconventional Drilling" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/permian-basin-on-track-to-be-top-shale-oil-producer/permian-basin-shale-oil/" target="_blank" rel="attachment wp-att-3039"><img class="alignleft size-full wp-image-3039" style="border: 0px none; margin: 5px 10px;" alt="Permian Basin Shale Oil Unconventional Drilling" src="https://web.archive.org/web/20140525154406im_/http://www.arescotx.com/wp-content/uploads/permian-basin-shale-oil.jpg" width="225" height="225"/></a>Orthodoxy is slowly being jettisoned in the <a title="Permian Basin" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/permian-basin/">Permian Basin</a>. As the oldest and most prolific hydrocarbon-producing region in the United States, the Permian is undergoing a surge in <a title="Unconventional Drilling" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/unconventional-drilling/">unconventional drilling</a>. Traditional vertical rigs represented 80 percent of the regions rig count in February 2011. That figure plunged <a title="Permian Basin Overview" href="https://web.archive.org/web/20140525154406/http://www.energyeconomist.com/a6257783p/exploration/detail/permian/Permian_Basin_Overview.html" target="_blank">to just 42 percent</a> by the end of the second week of April 2014.</p> <p>What’s driving the surge in unconventional production? Higher oil prices coupled with rich opportunities to significantly boost resource extraction are transforming the region, which began producing more than 90 years ago. To this add a cascade of technological breakthroughs that have dramatically shifted the production equation over the last half-decade. <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/unconventional-processes-are-driving-permian-basin-riches/#more-3693" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/permian-rising-booming-energy-production-driving-tx-nm-economies/">Permian Rising ~ Booming Energy Production Driving TX & NM Economies</a></h1> <p style="font-size:11px;margin-top:-20px;">Monday, March 17th, 2014 and is filed under <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a></p> <p><a title="Permian Basin Energy Production" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/permian-rising-booming-energy-production-driving-tx-nm-economies/permian-basin-energy-production/" target="_blank" rel="attachment wp-att-3586"><img class="alignleft size-medium wp-image-3586" style="border: 0px none; margin: 5px 10px;" alt="Permian Basin Energy Production" src="https://web.archive.org/web/20140525154406im_/http://www.arescotx.com/wp-content/uploads/permian-basin-energy-production-300x225.jpg" width="300" height="225"/></a>Booming energy production in the Permian Basin of Texas and New Mexico is driving one of the fastest growing regional economies in America. <a title="Midland and Odessa Texas Energy Production" href="https://web.archive.org/web/20140525154406/http://www.usatoday.com/story/money/business/2014/02/01/america-growing-shrinking-economies/5089373/" target="_blank">Midland and Odessa Texas</a>—in the heart of the Permian Basin—are the two of the nation’s fastest growing economies. <a title="Permian Oil Production" href="https://web.archive.org/web/20140525154406/http://www.eia.gov/petroleum/drilling/?src=home-b1#tabs-summary-2" target="_blank">Permian oil production</a> is surging so resoundingly that it is not only surpassing the <a title="Eagle Ford Shale" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/eagle-ford-shale/">Eagle Ford Shale</a> formation in South-Central, Texas; it is eclipsing production in North Dakota’s Bakken formation as well.</p> <p>Permian crude oil production is expected to hit a record <a title="Permian crude oil production expected to hit a record 1.41 million barrels per day" href="https://web.archive.org/web/20140525154406/http://www.businessweek.com/news/2014-03-07/oil-rigs-rise-to-highest-level-in-26-years-of-baker-hughes-data" target="_blank">1.41 million barrels a day in March</a>, up from 1.3 million a year earlier according to the Energy Information Administration. In addition, the <a title="US oil rig count surged to 1,443" href="https://web.archive.org/web/20140525154406/http://gis.bakerhughesdirect.com/Reports/StandardReport.aspx" target="_blank">U.S. Oil rig count surged in early March to 1,443</a>—the highest total since the industry began tracking the counts in 1987 (<a title="Texas marked 755 oil rigs" href="https://web.archive.org/web/20140525154406/http://gis.bakerhughesdirect.com/Reports/StandardReport.aspx" target="_blank">Texas marked 755 oil rigs</a>, for a total of 864 oil and gas rigs). <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/permian-rising-booming-energy-production-driving-tx-nm-economies/#more-3584" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/eagle-ford-is-turning-texas-into-global-petroleum-powerhouse/">Eagle Ford is Turning Texas into Global Petroleum Powerhouse</a></h1> <p style="font-size:11px;margin-top:-20px;">Wednesday, March 5th, 2014 and is filed under <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a></p> <p>In the realm of <a title="Texas Oil Production" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/texas-oil-production/" target="_blank">Texas oil and gas production</a> the year 2013 was a big. Very big. According to the <a title="Texas Petro Index" href="https://web.archive.org/web/20140525154406/http://texasalliance.org/texas-petro-index-sets-record/" target="_blank">Texas Petro Index</a>, the Lone Star State churned out $110 billion in oil and gas production. The index, a composite measure based on several exploration and production economic indicators, hit 295.0 in December 2013, up 6.7 percent from the previous year and shattering the previous high of 287.6 set in October 2008.</p> <p>Just about all of that growth was driven by crude oil, which totaled 856.8 million barrels for all of 2013— 31 percent of all U.S. oil production and the highest statewide total since 1985. But that bottom line figure enjoyed a boost from higher wellhead prices for natural gas as well. <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/eagle-ford-is-turning-texas-into-global-petroleum-powerhouse/#more-3543" class="more-link">Read More</a></p> </div>  </div> <div id="sidebar"> <p class="titles">Recent News</p> <ul> <li> <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/eagle-ford-shale-boom-may-soon-cross-mexican-border/">Eagle Ford Shale Boom May Soon Cross Mexican Border</a> </li> <li> <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/aresco-lp-purchases-position-in-halcon-wells-in-southeast-texas-brazos-basin/">Aresco LP purchases position in Halcón wells in Southeast Texas’ Brazos Basin</a> </li> <li> <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/boom-stresses-expose-rich-permian-opportunities/">Boom Stresses Expose Rich Permian Opportunities</a> </li> <li> <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/mexicos-eagle-ford-gain-to-reap-texas-reward/">Mexico’s Eagle Ford Gain to Reap Texas Reward</a> </li> <li> <a href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/unconventional-processes-are-driving-permian-basin-riches/">Unconventional Processes are Driving Permian Basin Riches</a> </li> </ul> <style scoped type="text/css">.utcw-b1fq2ep {word-wrap:break-word}.utcw-b1fq2ep span,.utcw-b1fq2ep a{border-width:0px}.utcw-b1fq2ep span:hover,.utcw-b1fq2ep a:hover{border-width:0px}</style><p class="titles">Tag Cloud</p><div class="utcw-b1fq2ep tagcloud"><a class="tag-link-43 utcw-tag utcw-tag-bakken-shale" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/bakken-shale/" style="font-size:10px" title="1 topic">Bakken Shale</a> <a class="tag-link-35 utcw-tag utcw-tag-barnett-shale" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/barnett-shale/" style="font-size:10px" title="1 topic">Barnett Shale</a> <a class="tag-link-20 utcw-tag utcw-tag-brandon-laxton" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/brandon-laxton/" style="font-size:10px" title="1 topic">Brandon Laxton</a> <a class="tag-link-46 utcw-tag utcw-tag-brazos-basin" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/brazos-basin/" style="font-size:10px" title="1 topic">Brazos Basin</a> <a class="tag-link-7 utcw-tag utcw-tag-crude-oil-prices" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/crude-oil-prices/" style="font-size:10px" title="1 topic">Crude Oil Prices</a> <a class="tag-link-39 utcw-tag utcw-tag-domestic-oil-production" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/domestic-oil-production/" style="font-size:11.5384615385px" title="2 topics">Domestic Oil Production</a> <a class="tag-link-5 utcw-tag utcw-tag-drilling-technology" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/drilling-technology/" style="font-size:23.8461538462px" title="10 topics">Drilling Technology</a> <a class="tag-link-10 utcw-tag utcw-tag-eagle-ford-shale" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/eagle-ford-shale/" style="font-size:30px" title="14 topics">Eagle Ford Shale</a> <a class="tag-link-33 utcw-tag utcw-tag-eagle-ford-shale-production" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/eagle-ford-shale-production/" style="font-size:13.0769230769px" title="3 topics">Eagle Ford Shale Production</a> <a class="tag-link-16 utcw-tag utcw-tag-energy-information-administration-eia" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/energy-information-administration-eia/" style="font-size:14.6153846154px" title="4 topics">Energy Information Administration (EIA)</a> <a class="tag-link-36 utcw-tag utcw-tag-energy-production" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/energy-production/" style="font-size:10px" title="1 topic">Energy Production</a> <a class="tag-link-27 utcw-tag utcw-tag-fayetteville-shale" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/fayetteville-shale/" style="font-size:10px" title="1 topic">Fayetteville Shale</a> <a class="tag-link-42 utcw-tag utcw-tag-fracking" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/fracking/" style="font-size:10px" title="1 topic">Fracking</a> <a class="tag-link-30 utcw-tag utcw-tag-gas-prices" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/gas-prices/" style="font-size:10px" title="1 topic">Gas Prices</a> <a class="tag-link-48 utcw-tag utcw-tag-halcon" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/halcon/" style="font-size:10px" title="1 topic">Halcón</a> <a class="tag-link-34 utcw-tag utcw-tag-horizontal-drilling" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/horizontal-drilling/" style="font-size:14.6153846154px" title="4 topics">Horizontal Drilling</a> <a class="tag-link-8 utcw-tag utcw-tag-hydraulic-fracturing" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/hydraulic-fracturing/" style="font-size:28.4615384615px" title="13 topics">Hydraulic Fracturing</a> <a class="tag-link-29 utcw-tag utcw-tag-investing-in-texas-oil" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/investing-in-texas-oil/" style="font-size:11.5384615385px" title="2 topics">Investing in Texas Oil</a> <a class="tag-link-26 utcw-tag utcw-tag-karnes-county-oil" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/karnes-county-oil/" style="font-size:10px" title="1 topic">Karnes County Oil</a> <a class="tag-link-4 utcw-tag utcw-tag-keystone-pipeline" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/keystone-pipeline/" style="font-size:11.5384615385px" title="2 topics">Keystone Pipeline</a> <a class="tag-link-49 utcw-tag utcw-tag-mexico-eagle-ford" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/mexico-eagle-ford/" style="font-size:10px" title="1 topic">Mexico Eagle Ford</a> <a class="tag-link-45 utcw-tag utcw-tag-mexico-national-hydrocarbons-commission" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/mexico-national-hydrocarbons-commission/" style="font-size:10px" title="1 topic">Mexico National Hydrocarbons Commission</a> <a class="tag-link-18 utcw-tag utcw-tag-natural-gas-production" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/natural-gas-production/" style="font-size:13.0769230769px" title="3 topics">Natural Gas Production</a> <a class="tag-link-13 utcw-tag utcw-tag-oil-and-gas-investing" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/oil-and-gas-investing/" style="font-size:20.7692307692px" title="8 topics">Oil and Gas Investing</a> <a class="tag-link-19 utcw-tag utcw-tag-oil-exploration" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/oil-exploration/" style="font-size:13.0769230769px" title="3 topics">Oil Exploration</a> <a class="tag-link-17 utcw-tag utcw-tag-oil-production" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/oil-production/" style="font-size:22.3076923077px" title="9 topics">Oil Production</a> <a class="tag-link-32 utcw-tag utcw-tag-opec" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/opec/" style="font-size:10px" title="1 topic">OPEC</a> <a class="tag-link-44 utcw-tag utcw-tag-pemex" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/pemex/" style="font-size:11.5384615385px" title="2 topics">Pemex</a> <a class="tag-link-11 utcw-tag utcw-tag-permian-basin" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/permian-basin/" style="font-size:28.4615384615px" title="13 topics">Permian Basin</a> <a class="tag-link-38 utcw-tag utcw-tag-sweet-crude-oil" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/sweet-crude-oil/" style="font-size:10px" title="1 topic">Sweet Crude Oil</a> <a class="tag-link-23 utcw-tag utcw-tag-tax-advantages" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/tax-advantages/" style="font-size:10px" title="1 topic">Tax Advantages</a> <a class="tag-link-24 utcw-tag utcw-tag-tax-incentives" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/tax-incentives/" style="font-size:10px" title="1 topic">Tax Incentives</a> <a class="tag-link-15 utcw-tag utcw-tag-texas-oil-production" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/texas-oil-production/" style="font-size:28.4615384615px" title="13 topics">Texas Oil Production</a> <a class="tag-link-12 utcw-tag utcw-tag-texas-railroad-commission" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/texas-railroad-commission/" style="font-size:13.0769230769px" title="3 topics">Texas Railroad Commission</a> <a class="tag-link-28 utcw-tag utcw-tag-transcanada" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/transcanada/" style="font-size:10px" title="1 topic">TransCanada</a> <a class="tag-link-37 utcw-tag utcw-tag-u-s-oil-production" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/u-s-oil-production/" style="font-size:11.5384615385px" title="2 topics">U.S. Oil Production</a> <a class="tag-link-40 utcw-tag utcw-tag-unconventional-drilling" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/unconventional-drilling/" style="font-size:11.5384615385px" title="2 topics">Unconventional Drilling</a> <a class="tag-link-31 utcw-tag utcw-tag-venezuela-oil" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/venezuela-oil/" style="font-size:10px" title="1 topic">Venezuela Oil</a> <a class="tag-link-41 utcw-tag utcw-tag-vertical-rigs" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/vertical-rigs/" style="font-size:10px" title="1 topic">Vertical Rigs</a> <a class="tag-link-50 utcw-tag utcw-tag-voestalpine" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/voestalpine/" style="font-size:10px" title="1 topic">Voestalpine</a> <a class="tag-link-47 utcw-tag utcw-tag-woodbine-sands" href="https://web.archive.org/web/20140525154406/http://www.arescotx.com/tag/woodbine-sands/" style="font-size:10px" title="1 topic">Woodbine Sands</a></div><center><img src="https://web.archive.org/web/20140525154406im_/http://www.arescotx.com/wp-content/themes/arescoA3K/images/vision-opportunity-drive.png" width="144" height="138" alt="Vision Opportunity Drive" style="padding-top:15px;"/></center> </div><div class="clearFix"> </div> </div> </div> <div id="footer"><div class="text"><p>Aresco LP 2805 Dallas Parkway Suite 220 Plano, Texas 75093 <b>Phone: 972-992-3127</b> Fax: 972-992-3137 </p><div id="social"><a href="https://web.archive.org/web/20140525154406/https://www.facebook.com/pages/Aresco/510139499068554" target="_blank"><img src="https://web.archive.org/web/20140525154406im_/http://www.arescotx.com/wp-content/themes/arescoA3K/images/facebook.png" width="31" height="31" alt="Facebook"/></a><a href="https://web.archive.org/web/20140525154406/https://twitter.com/ArescoLP" target="_blank"><img src="https://web.archive.org/web/20140525154406im_/http://www.arescotx.com/wp-content/themes/arescoA3K/images/twitter.png" 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