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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/20150404234721/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/20150404234721/http://www.arescotx.com/our-office-will-be-closed-friday-april-3rd/">Our office will be closed Friday, April 3rd</a></h1> <p style="font-size:11px;margin-top:-20px;">Wednesday, April 1st, 2015 and is filed under <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <p>In observance of Good Friday, our office will be closed Friday, April 3rd, reopening Monday, April 6th. The Aresco family wishes you and yours a happy and safe Easter weekend.</p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/aresco-vp-supporting-homes-for-our-troops/">Aresco VP Supporting Homes for Our Troops</a></h1> <p style="font-size:11px;margin-top:-20px;">Wednesday, April 1st, 2015 and is filed under <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <h3>Aresco’s Vice President of Exploration helps reach out to our local community at the 6th Annual Homes for Our Troops Sporting Clays Shoot.</h3> <p>Homes for Our Troops is a nonprofit organization building specially adapted and mortgage free homes for injured veterans from Iraq and Afghanistan. The DFW event raised over $500,000 last year in order to help veterans reclaim the freedom and independence they sacrificed defending our country. <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/aresco-vp-supporting-homes-for-our-troops/#more-5953" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/office-closed-march-5th/">Office Closed – March 5th</a></h1> <p style="font-size:11px;margin-top:-20px;">Thursday, March 5th, 2015 and is filed under <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <p>Due to inclement weather in the Dallas Fort Worth Metroplex, our office will be closed Thursday, March 5th. The office will reopen Friday, March 6th, weather-permitting.</p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150404234721/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/20150404234721/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/20150404234721/http://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a>, <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <p><a href="https://web.archive.org/web/20150404234721/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/20150404234721im_/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/http://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a>, <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <p><a href="https://web.archive.org/web/20150404234721/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/20150404234721im_/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/20150404234721/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/20150404234721/http://www.arescotx.com/we-have-moved/">We have moved!</a></h1> <p style="font-size:11px;margin-top:-20px;">Monday, November 24th, 2014 and is filed under <a href="https://web.archive.org/web/20150404234721/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/20150404234721/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <p>We recently relocated our corporate headquarters to Prosper, Texas. This move marks a significant milestone for Aresco as we begin construction on our new building in the Prosper Energy Center as early as January 2015. During construction, which is anticipated to last 9-12 months, we will office in the same business center where our commercial developer is located, which is a half mile away from the new office site. This way, we can stay focused on Aresco activities while staying close to the construction project. Our phone numbers and email addresses will remain the same, you’ll only need to update our address in your records. In the event you have recently mailed something to us, forwarding service is already in place so we should receive it soon.</p> <p>Until our new building is complete, our interim address is:</p> <p>861 N Coleman Rd. Ste 105 Prosper Texas 75078</p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/permian-basin-canyon-sandstone-project-begins/">Permian Basin Canyon Sandstone Project Begins</a></h1> <p style="font-size:11px;margin-top:-20px;">Tuesday, October 7th, 2014 and is filed under <a href="https://web.archive.org/web/20150404234721/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/20150404234721/http://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a>, <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/category/texas-oil-and-gas-investing/" rel="category tag">Texas Oil and Gas Investing</a>, <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <h3>Aresco LP begins Permian Basin field-extension project targeting the Canyon Sandstone</h3> <p><a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/permian-basin-canyon-sandstone-project-begins/permian-basin-canyon-sandstone/" target="_blank" rel="attachment wp-att-4699"><img class="alignleft wp-image-4699 size-medium" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20150404234721im_/http://www.arescotx.com/wp-content/uploads/permian-basin-canyon-sandstone-225x300.jpg" alt="Permian Basin Canyon Sandstone Project" width="225" height="300"/></a>(Dallas, Texas) –– Aresco LP, a privately held exploration and production company, today announced drilling has begun on the Noodle Canyon #1-H in Jones County, Texas. The 4,500’ vertical development project targets the <a title="Canyon Sandstone" href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/tag/canyon-sandstone/">Canyon Sandstone</a>, a conventional stacked play featuring five intervals along with three other potential pay zones.</p> <p>“The <a title="Noodle Canyon" href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/tag/noodle-canyon/">Noodle Canyon</a> #1 is just one of several conventional projects underway for us in Texas,” said <a title="Brandon Laxton" href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/tag/brandon-laxton/">Brandon Laxton</a>, President and CEO of Aresco LP. “While unconventional exploration may get all the headlines, we are finding success exploiting conventional fields with years of proven production, which helps manage the exploration risk for our operating and capital partners. We benefit from the decades of production and decline curve data available in the area and increase our overall potential with the addition of modern efficiencies in drilling and completion.” <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/permian-basin-canyon-sandstone-project-begins/#more-4696" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/dallas-office-closed-monday-march-3rd/">Dallas office closed Monday, March 3rd</a></h1> <p style="font-size:11px;margin-top:-20px;">Monday, March 3rd, 2014 and is filed under <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <p>The Aresco office will be closed Monday, March 3rd due to icy road conditions. We anticipate resuming regular office hours Tuesday, March 4th.</p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/temporary-web-email-disruptions/">Temporary Web & Email Disruptions</a></h1> <p style="font-size:11px;margin-top:-20px;">Thursday, February 20th, 2014 and is filed under <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <p>Over the past two days, we have been experiencing intermittent issues with our email and hosting. We are working with our vendors to solve the problem and apologize for any inconvenience. If you need immediate assistance, please call our office at 972.992.3127. Thank you.</p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/dallas-office-closed-due-to-ice-storm/">Dallas office closed Friday 12/6 and Monday 12/9</a></h1> <p style="font-size:11px;margin-top:-20px;">Friday, December 6th, 2013 and is filed under <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <p>The Aresco office will be closed Friday, December 6th and Monday, December 9th due to inclement weather. We anticipate everything clearing up by Tuesday, December 10th and will resume regular office hours.</p> </div>  <a href="https://web.archive.org/web/20150404234721/http://www.arescotx.com/category/uncategorized/page/2/">Next Page »</a></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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/http://www.arescotx.com/permian-basin-drilling/">Permian Basin Drilling</a> </li> <li> <a href="https://web.archive.org/web/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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/20150404234721/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" 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