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Drilling" href="https://web.archive.org/web/20140510232126/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/20140510232126im_/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/20140510232126/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/20140510232126/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/20140510232126/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鈥檚 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/20140510232126/http://www.arescotx.com/unconventional-processes-are-driving-permian-basin-riches/#more-3693" 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/20140510232126/http://www.arescotx.com/mexicos-eagle-ford-gain-to-reap-texas-reward/">Mexico鈥檚 Eagle Ford Gain to Reap Texas Reward</a> </li> <li> <a href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/unconventional-processes-are-driving-permian-basin-riches/">Unconventional Processes are Driving Permian Basin Riches</a> </li> <li> <a href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/new-study-backs-future-crude-oil-exports-from-the-gulf-coast/">New study backs future crude oil exports from the Gulf Coast</a> </li> <li> <a href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/five-states-and-the-gulf-of-mexico-produce-more-than-80-of-u-s-crude-oil/">Five states and the Gulf of Mexico produce more than 80% of U.S. crude oil</a> </li> <li> <a href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/aresco-lp-announces-divestment-of-nine-east-texas-eagle-ford-shale-wells/">Aresco LP announces divestment of nine East Texas Eagle Ford Shale wells</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" href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/tag/bakken-shale/" style="font-size:10px" title="1 topic">Bakken Shale</a> <a class="tag-link-35" href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/tag/barnett-shale/" style="font-size:10px" title="1 topic">Barnett Shale</a> <a class="tag-link-20" href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/tag/brandon-laxton/" style="font-size:10px" title="1 topic">Brandon Laxton</a> <a class="tag-link-7" href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/tag/crude-oil-prices/" style="font-size:10px" title="1 topic">Crude Oil Prices</a> <a class="tag-link-39" href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/tag/domestic-oil-production/" style="font-size:11.6666666667px" title="2 topics">Domestic Oil Production</a> <a class="tag-link-5" href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/tag/drilling-technology/" style="font-size:23.3333333333px" title="9 topics">Drilling Technology</a> <a class="tag-link-10" href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/tag/eagle-ford-shale/" style="font-size:30px" title="13 topics">Eagle Ford Shale</a> <a class="tag-link-33" href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/tag/eagle-ford-shale-production/" style="font-size:13.3333333333px" title="3 topics">Eagle Ford Shale Production</a> <a class="tag-link-16" href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/tag/energy-information-administration-eia/" style="font-size:15px" title="4 topics">Energy Information Administration (EIA)</a> <a class="tag-link-36" href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/tag/energy-production/" style="font-size:10px" title="1 topic">Energy Production</a> <a class="tag-link-27" href="https://web.archive.org/web/20140510232126/http://www.arescotx.com/tag/fayetteville-shale/" style="font-size:10px" title="1 topic">Fayetteville Shale</a> <a class="tag-link-42" 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