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ss-nav-menu-item-7 ss-nav-menu-item-depth-0 ss-nav-menu-reg"><a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/contact-us/"><span class="wpmega-link-title">Contact</span></a></li></ul></div></div> <div class="sidebarYellow"> </div> <div class="sidebarWhite"> <div class="text"> <div id="content">   <div class="entry"><h1><a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/has-shale-disrupted-oil-investment-metrics/">Has Shale Disrupted Oil Investment Metrics?</a></h1> <p style="font-size:11px;margin-top:-20px;">Monday, February 23rd, 2015 and is filed under <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/new-mexico-oil-and-gas-investing/" rel="category tag">New Mexico Oil and Gas Investing</a>, <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a>, <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/texas-oil-and-gas-investing/" rel="category tag">Texas Oil and Gas Investing</a></p> <p><a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/wp-content/uploads/oil-investments-600.jpg" rel="lightbox-0"><img class="alignleft size-medium wp-image-5619" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20150405034313im_/http://www.arescotx.com/wp-content/uploads/oil-investments-600-300x235.jpg" alt="Oil Investments in Permian Basin Shale" width="300" height="235"/></a>Oil price slide disruptions won’t last much longer. So says the <a title="International Energy Agency" href="https://web.archive.org/web/20150405034313/http://www.wsj.com/articles/plunge-in-oil-prices-unlikely-to-last-much-longer-iea-says-1423530032" target="_blank">International Energy Agency</a>. Though oil production development in the U.S. is in the throes of a contraction—rigs are shutter down faster than expected—the IEA says prices should come back sharply by 2017 as production growth slows.</p> <p>Total U.S. rotary rig counts have plunged over the last several weeks: from a high of 1,931 for the week ending September 26, 2014 <a title="Oil Rig Counts Over View" href="https://web.archive.org/web/20150405034313/http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsoverview" target="_blank">to just 1,358 by February 13, 2015</a> according to Baker Hughes. That’s a dive of 30 percent. The year over year figure saw totals shed 406 rigs, a drop of 23 percent. Recent week over week rig count declines have been the <a title="Oil Rig Count Declines" href="https://web.archive.org/web/20150405034313/http://www.bloomberg.com/news/articles/2015-01-30/u-s-oil-rig-count-declines-for-eighth-consecutive-week" target="_blank">sharpest in decades</a>. <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/has-shale-disrupted-oil-investment-metrics/#more-5616" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/crude-oil-price-plunge-ripples-will-be-short-lived/">Crude Oil Price Plunge Ripples Will be Short Lived</a></h1> <p style="font-size:11px;margin-top:-20px;">Monday, January 26th, 2015 and is filed under <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a>, <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <p><a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/wp-content/uploads/crude-oil-price-plunge.jpg" rel="lightbox-0"><img class="alignleft size-medium wp-image-5471" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20150405034313im_/http://www.arescotx.com/wp-content/uploads/crude-oil-price-plunge-300x225.jpg" alt="Crude Oil Price Plunge" width="300" height="225"/></a>With the jarring jolt unleashed from grinding tectonic plates, plunging oil prices have rocked and rolled the energy boom. “<a title="Texas Freaking Out About the Oil Crash" href="https://web.archive.org/web/20150405034313/http://www.businessinsider.com/dallas-fed-manufacturing-december-29-2014-12" target="_blank">Texas Freaking Out About the Oil Crash</a>,” blares the <em>Business Insider</em>. “<a title="Oil boom heading for a bust" href="https://web.archive.org/web/20150405034313/http://www.dallasnews.com/business/energy/20150115-texas-oil-boom-heading-for-bust-in-a-hurry.ece" target="_blank">Oil boom heading for a bust in a hurry</a>,” worries the <em>Dallas Morning News</em>.</p> <p>U.S. Steel is <a href="https://web.archive.org/web/20150405034313/http://www.reuters.com/article/2015/01/22/ussteel-plant-idUSL1N0V030V20150122" target="_blank">idling plants</a> and laying off workers in Ohio and <a href="https://web.archive.org/web/20150405034313/http://www.usatoday.com/story/money/business/2015/01/06/us-steel-layoffs/21346405/" target="_blank">Houston</a> as oil industry demand for pipe, tubing, and well casings dries up. Houston-based oil field services provider Baker Hughes Inc. <a href="https://web.archive.org/web/20150405034313/http://www.bizjournals.com/sanantonio/print-edition/2015/01/23/falling-crude-prices-prompt-layoffs-at-baker.html?iana=ind_energy" target="_blank">will trim 7,000</a> from its ranks. Houston-based Shlumberger Limited, the world’s largest oil field services firm, answered the price crater <a href="https://web.archive.org/web/20150405034313/http://www.wsj.com/articles/schlumberger-profit-falls-on-lower-oil-prices-1421358734" target="_blank">with 9,000 layoffs</a>. <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/crude-oil-price-plunge-ripples-will-be-short-lived/#more-5467" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/what-determines-crude-oil-prices/">What determines crude oil prices?</a></h1> <p style="font-size:11px;margin-top:-20px;">Monday, January 19th, 2015 and is filed under <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/oil-and-gas-interesting-facts/" rel="category tag">Oil and Gas Interesting Facts</a>, <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a>, <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <p><a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/wp-content/uploads/crude-oil-prices-barrel.jpg" rel="lightbox-0"><img class="alignleft size-medium wp-image-5408" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20150405034313im_/http://www.arescotx.com/wp-content/uploads/crude-oil-prices-barrel-300x225.jpg" alt="What determines crude oil prices?" width="300" height="225"/></a>Ask any U.S. citizen what they notice first as they are driving to work and you can bet most will say “how much is it going to cost me to fill up my tank today”. Predicting daily fluctuations in gas prices with some degree of accuracy can make even the most seasoned gas and oil expert a little crazy, especially with political instability occurring in oil-rich countries and uncertainty about what OPEC is going to do. However, some basic factors do influence the price of crude oil and can be used as relevant variables to determine whether we start the day paying a reasonable $2 or a painfully high $5 for a gallon of gas. <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/what-determines-crude-oil-prices/#more-5406" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/will-opec-fueled-price-crater-spell-permian-extinction-not-a-chance/">Will OPEC-Fueled Price Crater Spell Permian Extinction? Not a Chance</a></h1> <p style="font-size:11px;margin-top:-20px;">Tuesday, December 9th, 2014 and is filed under <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a></p> <p><a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/wp-content/uploads/permian-oil-field-roughnecks.jpg" target="_blank" rel="lightbox-0"><img class="alignleft wp-image-5219 size-medium" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20150405034313im_/http://www.arescotx.com/wp-content/uploads/permian-oil-field-roughnecks-300x242.jpg" alt="Permian Oil Field Roughnecks" width="300" height="242"/></a>Much has been made of the recent per barrel oil price plunge, currently hovering below $70. Some speculate OPEC’s recent decision to keep the crude spigot flowing is the cartel’s play to smother America’s great oil boom. Keeping prices low by steadily flushing the market with crude—the thinking goes—<a title="OPEC won't stop US oil production growth" href="https://web.archive.org/web/20150405034313/http://www.cnbc.com/id/102234051#." target="_blank">makes production via fracking and horizontal drilling less viable</a>, triggering a cascade of capital pullback in the oilfield.</p> <p>Sure, there’s room for worry. Oil prices have plummeted more than 30 percent over the last several months. Add in the conventional wisdom that says “tight” oil production from shale ceases to be economical once the $80 per barrel price floor is breached. Question: How low can prices go before North American unconventional investment is throttled and projects start shutting down? Follow-up: Is the conventional wisdom on price even relevant? <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/will-opec-fueled-price-crater-spell-permian-extinction-not-a-chance/#more-5215" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/motorists-currently-reaping-the-eagle-ford-dividend/">Motorists Currently Reaping the ‘Eagle Ford Dividend’</a></h1> <p style="font-size:11px;margin-top:-20px;">Wednesday, February 26th, 2014 and is filed under <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a></p> <p>Oil industry experts say Americans today are seeing at the pump what you might call the ‘Eagle Ford Dividend,’ the gasoline consumer’s payoff for the boom in oil drilling in Texas and elsewhere, 1200 WOAI news reports.</p> <p>David Holt, President of the Consumer Energy Alliance, points out that paralyzing unrest, described by some as a ‘revolution’ is occurring right now in Venezuela, which is one of America’s largest oil suppliers.</p> <p>If you didn’t know that, it’s because the unrest in this OPEC member nation is having no impact on the price you and I pay for gasoline. <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/motorists-currently-reaping-the-eagle-ford-dividend/#more-3523" class="more-link">Read More</a></p> </div>  </div> <div id="sidebar"> <div id="flags" class="size"><ul id="sortable" class="ui-sortable" style="float:left"><li id="English"><a title="English" class="notranslate flag en"></a></li></ul></div><div id="google_language_translator"></div> <p class="titles">Recent News</p> <ul> <li> <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/arescos-1st-horizontal-well-targeting-woodbine-sand/">Aresco’s 1st Horizontal Well Targeting Woodbine Sand</a> </li> <li> <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/our-office-will-be-closed-friday-april-3rd/">Our office will be closed Friday, April 3rd</a> </li> <li> <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/aresco-vp-supporting-homes-for-our-troops/">Aresco VP Supporting Homes for Our Troops</a> </li> <li> <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/permian-basin-drilling/">Permian Basin Drilling</a> </li> <li> <a href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/office-closed-march-5th/">Office Closed – March 5th</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-54 utcw-tag utcw-tag-anadarko-basin" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/anadarko-basin/" style="font-size:10.8px" title="2 topics">Anadarko Basin</a> <a class="tag-link-43 utcw-tag utcw-tag-bakken-shale" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/bakken-shale/" style="font-size:13.2px" title="5 topics">Bakken Shale</a> <a class="tag-link-35 utcw-tag utcw-tag-barnett-shale" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/barnett-shale/" style="font-size:11.6px" title="3 topics">Barnett Shale</a> <a class="tag-link-68 utcw-tag utcw-tag-bradley-winton" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/bradley-winton/" style="font-size:10.8px" title="2 topics">Bradley Winton</a> <a class="tag-link-20 utcw-tag utcw-tag-brandon-laxton" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/brandon-laxton/" style="font-size:12.4px" title="4 topics">Brandon Laxton</a> <a class="tag-link-46 utcw-tag utcw-tag-brazos-basin" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/brazos-basin/" style="font-size:10.8px" title="2 topics">Brazos Basin</a> <a class="tag-link-63 utcw-tag utcw-tag-bridgetex-pipeline" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/bridgetex-pipeline/" style="font-size:10px" title="1 topic">BridgeTex Pipeline</a> <a class="tag-link-61 utcw-tag utcw-tag-canyon-sandstone" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/canyon-sandstone/" style="font-size:10.8px" title="2 topics">Canyon Sandstone</a> <a class="tag-link-51 utcw-tag utcw-tag-corpus-christi" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/corpus-christi/" style="font-size:10px" title="1 topic">Corpus Christi</a> <a class="tag-link-7 utcw-tag utcw-tag-crude-oil-prices" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/crude-oil-prices/" style="font-size:13.2px" title="5 topics">Crude Oil Prices</a> <a class="tag-link-39 utcw-tag utcw-tag-domestic-oil-production" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/domestic-oil-production/" style="font-size:13.2px" title="5 topics">Domestic Oil Production</a> <a class="tag-link-5 utcw-tag utcw-tag-drilling-technology" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/drilling-technology/" style="font-size:18px" title="11 topics">Drilling Technology</a> <a class="tag-link-10 utcw-tag utcw-tag-eagle-ford-shale" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/eagle-ford-shale/" style="font-size:26px" title="21 topics">Eagle Ford Shale</a> <a class="tag-link-33 utcw-tag utcw-tag-eagle-ford-shale-production" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/eagle-ford-shale-production/" style="font-size:12.4px" title="4 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/20150405034313/http://www.arescotx.com/tag/energy-information-administration-eia/" style="font-size:14px" title="6 topics">Energy Information Administration (EIA)</a> <a class="tag-link-36 utcw-tag utcw-tag-energy-production" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/energy-production/" style="font-size:10.8px" title="2 topics">Energy Production</a> <a class="tag-link-42 utcw-tag utcw-tag-fracking" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/fracking/" style="font-size:13.2px" title="5 topics">Fracking</a> <a class="tag-link-30 utcw-tag utcw-tag-gas-prices" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/gas-prices/" style="font-size:10.8px" title="2 topics">Gas Prices</a> <a class="tag-link-58 utcw-tag utcw-tag-gas-to-liquids" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/gas-to-liquids/" style="font-size:10px" title="1 topic">Gas to Liquids</a> <a class="tag-link-34 utcw-tag utcw-tag-horizontal-drilling" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/horizontal-drilling/" style="font-size:17.2px" title="10 topics">Horizontal Drilling</a> <a class="tag-link-8 utcw-tag utcw-tag-hydraulic-fracturing" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/hydraulic-fracturing/" style="font-size:22.8px" title="17 topics">Hydraulic Fracturing</a> <a class="tag-link-67 utcw-tag utcw-tag-international-energy-agency" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/international-energy-agency/" style="font-size:10px" title="1 topic">International Energy Agency</a> <a class="tag-link-29 utcw-tag utcw-tag-investing-in-texas-oil" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/investing-in-texas-oil/" style="font-size:12.4px" title="4 topics">Investing in Texas Oil</a> <a class="tag-link-4 utcw-tag utcw-tag-keystone-pipeline" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/keystone-pipeline/" style="font-size:10.8px" title="2 topics">Keystone Pipeline</a> <a class="tag-link-49 utcw-tag utcw-tag-mexico-eagle-ford" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/mexico-eagle-ford/" style="font-size:11.6px" title="3 topics">Mexico Eagle Ford</a> <a class="tag-link-45 utcw-tag utcw-tag-mexico-national-hydrocarbons-commission" href="https://web.archive.org/web/20150405034313/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/20150405034313/http://www.arescotx.com/tag/natural-gas-production/" style="font-size:12.4px" title="4 topics">Natural Gas Production</a> <a class="tag-link-62 utcw-tag utcw-tag-noodle-canyon" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/noodle-canyon/" style="font-size:10px" title="1 topic">Noodle Canyon</a> <a class="tag-link-13 utcw-tag utcw-tag-oil-and-gas-investing" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/oil-and-gas-investing/" style="font-size:18px" title="11 topics">Oil and Gas Investing</a> <a class="tag-link-19 utcw-tag utcw-tag-oil-exploration" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/oil-exploration/" style="font-size:14px" title="6 topics">Oil Exploration</a> <a class="tag-link-17 utcw-tag utcw-tag-oil-production" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/oil-production/" style="font-size:21.2px" 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topics">Sweet Crude Oil</a> <a class="tag-link-23 utcw-tag utcw-tag-tax-advantages" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/tax-advantages/" style="font-size:10.8px" title="2 topics">Tax Advantages</a> <a class="tag-link-24 utcw-tag utcw-tag-tax-incentives" href="https://web.archive.org/web/20150405034313/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/20150405034313/http://www.arescotx.com/tag/texas-oil-production/" style="font-size:22px" title="16 topics">Texas Oil Production</a> <a class="tag-link-12 utcw-tag utcw-tag-texas-railroad-commission" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/texas-railroad-commission/" style="font-size:11.6px" title="3 topics">Texas Railroad Commission</a> <a class="tag-link-37 utcw-tag utcw-tag-u-s-oil-production" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/u-s-oil-production/" style="font-size:13.2px" title="5 topics">U.S. Oil Production</a> <a class="tag-link-40 utcw-tag utcw-tag-unconventional-drilling" href="https://web.archive.org/web/20150405034313/http://www.arescotx.com/tag/unconventional-drilling/" style="font-size:11.6px" title="3 topics">Unconventional Drilling</a> <a class="tag-link-41 utcw-tag utcw-tag-vertical-rigs" href="https://web.archive.org/web/20150405034313/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/20150405034313/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/20150405034313/http://www.arescotx.com/tag/woodbine-sands/" style="font-size:10.8px" title="2 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