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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Aresco</title> <atom:link href="http://www.arescotx.com/feed/" rel="self" type="application/rss+xml" /> <link>http://www.arescotx.com</link> <description></description> <lastBuildDate>Fri, 22 Jul 2016 00:00:00 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <item> <title>When was fracking first used?</title> <link>http://www.arescotx.com/when-was-fracking-first-used/</link> <pubDate>Mon, 18 Jul 2016 14:39:42 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Permian Basin Oil News]]></category> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Col. Edward A.L. Roberts]]></category> <category><![CDATA[Fracking]]></category> <category><![CDATA[Hydraulic Fracturing]]></category> <category><![CDATA[Superincumbent Fluid Tamping]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=11073</guid> <description><![CDATA[The common myth is that fracking is a new technology. While recent ... ]]></description> <content:encoded><![CDATA[<div id="s-share-buttons" class="horizontal-w-c-circular s-share-w-c"><a href="http://www.facebook.com/sharer.php?u=http://www.arescotx.com/when-was-fracking-first-used/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=When was fracking first used?&url=http://www.arescotx.com/when-was-fracking-first-used/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/when-was-fracking-first-used/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/when-was-fracking-first-used/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><div class="pinit-btn-div"><a href="//www.pinterest.com/pin/create/button/" data-pin-do="buttonBookmark" data-pin-color="red" title="Share to Pinterest" class="s3-pinterest hint--top"></a></div> <script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script><a href="mailto:?Subject=When%20was%20fracking%20first%20used?&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/when-was-fracking-first-used/" title="Email this article" class="s3-email hint--top"></a></div><p><img class="alignleft wp-image-11076" src="http://www.arescotx.com/wp-content/uploads/fracking-technology.jpg" alt="Fracking Technology" width="375" height="250" srcset="http://www.arescotx.com/wp-content/uploads/fracking-technology.jpg 550w, http://www.arescotx.com/wp-content/uploads/fracking-technology-300x200.jpg 300w" sizes="(max-width: 375px) 100vw, 375px" />The common myth is that fracking is a new technology. While recent advances in technology have improved fracking by leaps and bounds, fracking itself can be traced back to the Civil War.</p> <p>In 1862, <a href="http://www.arescotx.com/tag/col-edward-a-l-roberts/">Col. Edward A.L. Roberts</a> was on the battlefield in Fredericksburg, Virginia when he witnessed the effects of Confederate soldiers firing explosive artillery shells into a narrow canal that was an obstruction on the battlefield. This sparked an idea in Roberts’ mind of how explosives could be used as a method to increase oil production in wells with what he described as <a href="http://www.arescotx.com/tag/superincumbent-fluid-tamping/">superincumbent fluid tamping</a>.<span id="more-11073"></span></p> <p><a href="http://www.txoilinvestments.com/" target="_blank"><img class="aligncenter wp-image-5412 size-full" src="http://www.arescotx.com/wp-content/uploads/why-now-is-the-time-to-invest-in-oil.png" alt="Why now is the time to invest in oil..." width="600" height="40" srcset="http://www.arescotx.com/wp-content/uploads/why-now-is-the-time-to-invest-in-oil.png 600w, http://www.arescotx.com/wp-content/uploads/why-now-is-the-time-to-invest-in-oil-300x20.png 300w" sizes="(max-width: 600px) 100vw, 600px" /></a></p> <p><img class="alignright size-full wp-image-11083" src="http://www.arescotx.com/wp-content/uploads/roberts-exploding-torpedo.jpg" alt="Roberts Exploding Torpedo" width="324" height="817" srcset="http://www.arescotx.com/wp-content/uploads/roberts-exploding-torpedo.jpg 324w, http://www.arescotx.com/wp-content/uploads/roberts-exploding-torpedo-119x300.jpg 119w" sizes="(max-width: 324px) 100vw, 324px" /></p> <p>In 1866, Col. Roberts was issued U.S. Patent No. 59,936 for what was described as the Roberts exploding torpedo. The torpedo was basically an iron casing containing 15 to 20 pounds of gunpowder. In 1866, Roberts conducted a series of experiments where his newly patented torpedoes were lowered in wells. Then the boreholes were filled with water, hence the superincumbent fluid tamping, to concentrate the concussion of the explosion and increase the “fracturing” of the formation. The torpedoes were then detonated via a wire running from the shell to the surface.</p> <p>Roberts’ experiments were wildly successful. Oil production in some of the wells increased by 1,200% within a week of the shell detonation or “exploding shot”. This gave birth to the Roberts Petroleum Torpedo Company.</p> <p>Roberts’ company charged from $100 to $200 for each torpedo detonation. In addition to the charge per torpedo, the company also received a royalty of 1/15 of the profits generated by the procedure. The exploding shot method was used for decades in oil production.</p> <p>As you can see, fracking is not some newfangled technology, but has been improved upon to what it is today. These advances have led to the shale revolution which has been a saving grace for the American economy.</p> <p><span style="color: #ff0000;"><strong>>> RELATED</strong></span> – <a href="http://www.arescotx.com/the-fracking-ground-water-cover-up/">The Fracking Groundwater Cover-Up</a></p> <p><span style="color: #ff0000;"><strong>>> RELATED</strong></span> – <a href="http://www.arescotx.com/fracking-bans-in-texas-outlawed/">Fracking Bans in Texas Outlawed</a></p> ]]></content:encoded> </item> <item> <title>The Fracking Groundwater Cover-Up</title> <link>http://www.arescotx.com/the-fracking-ground-water-cover-up/</link> <pubDate>Wed, 01 Jun 2016 21:27:05 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Permian Basin Oil News]]></category> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Fracking]]></category> <category><![CDATA[Hydraulic Fracturing]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=10661</guid> <description><![CDATA[Hydraulic fracturing (commonly known as fracking) is a common technique used in ... ]]></description> <content:encoded><![CDATA[<div id="s-share-buttons" class="horizontal-w-c-circular s-share-w-c"><a href="http://www.facebook.com/sharer.php?u=http://www.arescotx.com/the-fracking-ground-water-cover-up/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=The Fracking Groundwater Cover-Up&url=http://www.arescotx.com/the-fracking-ground-water-cover-up/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/the-fracking-ground-water-cover-up/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/the-fracking-ground-water-cover-up/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><div class="pinit-btn-div"><a href="//www.pinterest.com/pin/create/button/" data-pin-do="buttonBookmark" data-pin-color="red" title="Share to Pinterest" class="s3-pinterest hint--top"></a></div> <script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script><a href="mailto:?Subject=The%20Fracking%20Groundwater%20Cover-Up&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/the-fracking-ground-water-cover-up/" title="Email this article" class="s3-email hint--top"></a></div><p><a href="http://www.arescotx.com/wp-content/uploads/fracking-and-water.jpg" rel="attachment wp-att-10664" data-rel="lightbox-0" title=""><img class="alignleft wp-image-10664" src="http://www.arescotx.com/wp-content/uploads/fracking-and-water.jpg" alt="The Fracking Groundwater Cover-Up" width="400" height="300" srcset="http://www.arescotx.com/wp-content/uploads/fracking-and-water.jpg 799w, http://www.arescotx.com/wp-content/uploads/fracking-and-water-300x225.jpg 300w, http://www.arescotx.com/wp-content/uploads/fracking-and-water-768x576.jpg 768w" sizes="(max-width: 400px) 100vw, 400px" /></a>Hydraulic fracturing (commonly known as fracking) is a common technique used in oil and natural gas exploration and development in the United States. In fact, it is estimated that over one million wells have been fracked either hydraulically or by other methods in oil and natural gas basins across the nation since the 1940’s. It has just been in the past ten years or so that the use of fracking has sparked a heated debate as to whether or not it is safe for groundwater sources in proximity to the wells.</p> <p>Environmentalists, green energy advocates, climate change proponents, and Hollywood have viciously attacked fracking, but the question remains, is their demonization of fracking warranted? Does fracking contaminate groundwater sources?<span id="more-10661"></span></p> <p>In 2014, a landmark 18-month federal <a href="https://beta.finance.yahoo.com/news/landmark-fracking-study-finds-no-160237470.html" target="_blank">study on hydraulic fracturing</a> by the Department of Energy was conducted at a site in western Pennsylvania. Scientists used tracer fluids, seismic monitoring, and an array of other tests to look for problems created by the fracking process. The study resulted in one of the most detailed reports to date as to the effects of fracking on the surrounding rock structures and groundwater, but found no evidence of contaminated groundwater.</p> <p><a href="http://www.arescotx.com/wp-content/uploads/drinking-water-e1464803668953.jpg" rel="attachment wp-att-10667" data-rel="lightbox-1" title=""><img class="alignright wp-image-10667" src="http://www.arescotx.com/wp-content/uploads/drinking-water-e1464803668953.jpg" alt="What are the effects of fracking on drinking water?" width="150" height="246" /></a>An <a href="https://cfpub.epa.gov/ncea/hfstudy/recordisplay.cfm?deid=244651" target="_blank">EPA five-year study</a> concerning the potential impacts of hydraulic fracturing for oil and gas on drinking water resources in the United States, “found no evidence for direct communication with shallow drinking water wells due to upward migration from shale horizons.” (page 5) However, the study did find that, while groundwater contamination was not coming from fracking, contamination could come from <a href="http://energyindepth.org/national/new-duke-study-finds-fracking-has-not-contaminated-drinking-water/" target="_blank">surface spills</a>.</p> <p>A major three-year <a href="http://freepressstandard.com/university-of-cincinnati-study-finds-frackings-bad-rap-is-not-supported/" target="_blank">study of fracking</a> and its impact on local water supplies was recently completed by a team of researchers at the University of Cincinnati. This study specifically targeted the Utica shale region of Ohio. The results of the study showed that there was no evidence of groundwater contamination from hydraulic fracturing.</p> <p><iframe width="500" height="281" src="https://www.youtube.com/embed/FcJx7LkiCOs?feature=oembed" frameborder="0" allowfullscreen></iframe></p> <p>The problem with this study is that the results are not being released to the public. Dr. Amy Townsend-Small, an assistant professor at the University Of Cincinnati Department Of Geology and the leader of the study said, “I am really sad to say this, but some of our funders, the groups that had given us funding in the past, were a little disappointed in our results. They feel that fracking is scary and so they were hoping our data could point to a reason to ban it.” As more information comes out about this study, we find that it was funded by “<a href="http://energyindepth.org/ohio/more-ties-to-activists-new-questions-over-publication-status-in-uc-groundwater-fracking-study/" target="_blank">ban fracking</a>” activists who are also behind the delay in the release of the findings of the study.</p> <p><a href="http://www.txoilinvestments.com/" target="_blank" rel="attachment wp-att-9280"><img class="aligncenter wp-image-9280 size-full" src="http://www.arescotx.com/wp-content/uploads/gulf-coast-oil-investment-opportunities.gif" alt="Gulf Coast Oil Investment Opportunities" width="728" height="40" /></a></p> <p>On the flip side, there was a study in Pavillion, Wyoming on the town’s water supply where fracking was claimed to have been linked to groundwater contamination. The interesting thing about that study is that it is quickly becoming one of the most quoted sources on the internet regarding fracking and groundwater contamination. You’ll find stories on it on <a href="http://thinkprogress.org/climate/2016/03/30/3764784/fracking-drinking-water-contamination-wyoming/" target="_blank">Think Progress</a>, <a href="http://www.greenpeace.org/usa/global-warming/issues/fracking/environmental-impacts-water/" target="_blank">Greenpeace</a>, <a href="http://ecowatch.com/2016/04/01/groundwater-contamination-pavillion/" target="_blank">EcoWatch</a>, <a href="http://insideclimatenews.org/news/29032016/fracking-study-pavillion-wyoming-drinking-water-contamination-epa" target="_blank">Inside Climate News</a>, <a href="http://www.huffingtonpost.com/2012/09/29/usgs-aquifer-tests-pavillion-wyoming_n_1924604.html" target="_blank">The Huffington Post</a>, The <a href="http://www.dailykos.com/story/2016/4/1/1508986/-Stanford-scientists-find-that-fracking-has-clear-impact-on-drinking-water-in-Wyoming" target="_blank">Daily Kos</a>, and even across the pond at <a href="http://www.theguardian.com/us-news/2016/apr/07/wyoming-fracking-water-contamination-dangerous-chemicals" target="_blank">The Guardian</a>. There is also a petition on <a href="http://petitions.moveon.org/sign/face-the-science-and" target="_blank">MoveOn.org</a> requesting that President Obama and EPA Administrator Gina McCarthy reopen fracking investigations in Pavillion, Wyoming and other areas. If you are familiar with these organizations, you might notice a common thread.</p> <p><a href="http://www.arescotx.com/og-education-resources/oil-and-gas-industry-quiz/" rel="attachment wp-att-10671"><img class="alignright size-medium wp-image-10671" src="http://www.arescotx.com/wp-content/uploads/oil-quiz-03-300x245.png" alt="Click here to test your oil and gas industry knowledge with our quiz." width="300" height="245" srcset="http://www.arescotx.com/wp-content/uploads/oil-quiz-03-300x245.png 300w, http://www.arescotx.com/wp-content/uploads/oil-quiz-03.png 450w" sizes="(max-width: 300px) 100vw, 300px" /></a>Why would studies that find no evidence of fracking causing ground water contamination get the results buried, but studies that link fracking to water contamination get published and quoted far and wide? Forbes.com offers a possible reason in “<a href="http://www.forbes.com/sites/jeffmcmahon/2015/03/12/russians-financed-the-u-s-anti-fracking-movement-oil-tycoon/#6c5038de98e2" target="_blank">Russians Financed The U.S. Anti-Fracking Movement</a>.” Surprisingly, the New York Times backs up the Forbes story with one of their own, “<a href="http://www.nytimes.com/2014/12/01/world/russian-money-suspected-behind-fracking-protests.html" target="_blank">Russian Money Suspected Behind Fracking Protests</a>.”</p> <p>So the debate rages on as to whether or not fracking causes groundwater contamination. Both sides have studies supporting their claims. However, may we offer this in closing – instead of jumping on a particular study as the end-all-be-all, perhaps we should dig deeper into who is funding the study and what are their motives, and also who is conducting the study and ascertain as to whether or not they have an agenda as well. Maybe some “independent and unbiased” studies would be in order.</p> ]]></content:encoded> </item> <item> <title>Memorial Day 2016 – May 30</title> <link>http://www.arescotx.com/memorial-day-2016/</link> <pubDate>Fri, 27 May 2016 17:44:48 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Holiday Schedule]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=10608</guid> <description><![CDATA[Honoring those who sacrificed all…   Aresco LP will be closed all ... ]]></description> <content:encoded><![CDATA[<div id="s-share-buttons" class="horizontal-w-c-circular s-share-w-c"><a href="http://www.facebook.com/sharer.php?u=http://www.arescotx.com/memorial-day-2016/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Memorial Day 2016 – May 30&url=http://www.arescotx.com/memorial-day-2016/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/memorial-day-2016/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/memorial-day-2016/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><div class="pinit-btn-div"><a href="//www.pinterest.com/pin/create/button/" data-pin-do="buttonBookmark" data-pin-color="red" title="Share to Pinterest" class="s3-pinterest hint--top"></a></div> <script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script><a href="mailto:?Subject=Memorial%20Day%202016%20–%20May%2030&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/memorial-day-2016/" title="Email this article" class="s3-email hint--top"></a></div><p>Honoring those who sacrificed all…</p> <p><a href="http://www.arescotx.com/wp-content/uploads/memorial-day.jpg" rel="attachment wp-att-10609" data-rel="lightbox-0" title=""><img class="size-full wp-image-10609 alignleft" src="http://www.arescotx.com/wp-content/uploads/memorial-day.jpg" alt="Memorial Day 2016" width="350" height="263" srcset="http://www.arescotx.com/wp-content/uploads/memorial-day.jpg 350w, http://www.arescotx.com/wp-content/uploads/memorial-day-300x225.jpg 300w" sizes="(max-width: 350px) 100vw, 350px" /></a></p> <p> </p> <p>Aresco LP will be closed all day Monday, May 30, in observance of Memorial Day and in honor of all who have served their country unselfishly in the past and all who are serving today.</p> ]]></content:encoded> </item> <item> <title>Aresco LP announces record-setting quarter</title> <link>http://www.arescotx.com/aresco-lp-announces-record-setting-quarter/</link> <pubDate>Fri, 01 Apr 2016 20:25:59 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Brandon Laxton]]></category> <category><![CDATA[Hunton Lime]]></category> <category><![CDATA[Tuscaloosa Sands]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=9695</guid> <description><![CDATA[Aresco LP announces record-setting quarter with multiple successful well completions, new field ... ]]></description> <content:encoded><![CDATA[<div id="s-share-buttons" class="horizontal-w-c-circular s-share-w-c"><a href="http://www.facebook.com/sharer.php?u=http://www.arescotx.com/aresco-lp-announces-record-setting-quarter/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Aresco LP announces record-setting quarter&url=http://www.arescotx.com/aresco-lp-announces-record-setting-quarter/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/aresco-lp-announces-record-setting-quarter/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/aresco-lp-announces-record-setting-quarter/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><div class="pinit-btn-div"><a href="//www.pinterest.com/pin/create/button/" data-pin-do="buttonBookmark" data-pin-color="red" title="Share to Pinterest" class="s3-pinterest hint--top"></a></div> <script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script><a href="mailto:?Subject=Aresco%20LP%20announces%20record-setting%20quarter&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/aresco-lp-announces-record-setting-quarter/" title="Email this article" class="s3-email hint--top"></a></div><h4>Aresco LP announces record-setting quarter with multiple successful well completions, new field discoveries in Louisiana and Oklahoma</h4> <p><em>The Louisiana and Oklahoma field discoveries add significant oil and gas reserves to Aresco’s existing portfolio of producing properties; along with its lead operating partners and other capital partners, Aresco’s newly secured base of reserves totals a combined Estimated Ultimate Recovery (EUR) potential of 400,000 barrels of oil and 30+ billion cubic feet of natural gas</em><span id="more-9695"></span></p> <p><a href="http://www.arescotx.com/wp-content/uploads/oklahoma-oil-well-cherokee-platform.jpg" rel="attachment wp-att-9697" data-rel="lightbox-0" title=""><img class="alignleft wp-image-9697" src="http://www.arescotx.com/wp-content/uploads/oklahoma-oil-well-cherokee-platform.jpg" alt="Oklahoma Oil Well - Cherokee Platform" width="375" height="238" srcset="http://www.arescotx.com/wp-content/uploads/oklahoma-oil-well-cherokee-platform.jpg 800w, http://www.arescotx.com/wp-content/uploads/oklahoma-oil-well-cherokee-platform-300x190.jpg 300w, http://www.arescotx.com/wp-content/uploads/oklahoma-oil-well-cherokee-platform-768x487.jpg 768w" sizes="(max-width: 375px) 100vw, 375px" /></a>Aresco LP, a Dallas-based energy exploration and production company, today announced a record-setting quarter with successful well completions that have resulted in the co-discovery of two new fields in Louisiana and Oklahoma. The two recently-discovered fields are currently in production; a third field, which is also located in Oklahoma, is expected to go into production in April 2016. The discoveries add significant oil and gas reserves to the company’s existing portfolio of producing properties, which previously included production exclusively from Texas.</p> <p>Key highlights from Aresco’s recent drilling activity include:</p> <ul> <li>A targeted <a href="http://www.arescotx.com/tag/tuscaloosa-sands/">Tuscaloosa Sands</a> reentry program in West Baton Rouge Parish, Louisiana yielded over 500 million cubic feet of natural gas production in its first eight weeks of production</li> <li>A newly completed vertical well in Oklahoma County, Oklahoma is currently producing from three commingled zones, including the Hunton Lime, with initial production registering sixty barrels of oil per day</li> <li>With a larger amount of potential pay logged, combined with a few other key characteristics, a second <a href="http://www.arescotx.com/tag/hunton-lime/">Hunton Lime</a> well that is currently completing in McClain County, Oklahoma is expected to exceed the results of the first Hunton Lime well</li> </ul> <p><a href="http://www.arescotx.com/wp-content/uploads/louisiana-oil-well.jpg" rel="attachment wp-att-9699" data-rel="lightbox-1" title=""><img class="alignright wp-image-9699" src="http://www.arescotx.com/wp-content/uploads/louisiana-oil-well.jpg" alt="Louisiana Oil Well" width="350" height="263" srcset="http://www.arescotx.com/wp-content/uploads/louisiana-oil-well.jpg 800w, http://www.arescotx.com/wp-content/uploads/louisiana-oil-well-300x225.jpg 300w, http://www.arescotx.com/wp-content/uploads/louisiana-oil-well-768x576.jpg 768w" sizes="(max-width: 350px) 100vw, 350px" /></a>“Our strategic entry with experienced, highly-focused lead operating partners in Oklahoma and Louisiana has proven very positive for our company and our capital partners,” said <a href="http://www.arescotx.com/brandon-laxton-founder-president/">Brandon Laxton</a>, President and Founder of Aresco LP and Aresco Operating. “By targeting projects in proven producing areas with well-established infrastructure and lower cost structures, these projects enjoy attractive return potential at even today’s prices. And, with long-lived reserve potential and a significant drilling inventory, we also enjoy the flexibility to easily pursue additional opportunities well into the future as prices continue to rebound. We couldn’t be more pleased.”</p> <p>Combined investment in the three fields by Aresco, its lead operating partners, and other capital partners have yielded:</p> <ul> <li>25 additional drilling locations, which represents a 10-year + drilling inventory</li> <li>400,000 barrels in additional Estimate Ultimate Recovery (EUR) potential (oil)</li> <li>30+ Billion Cubic Feet (BCF) in additional Estimate Ultimate Recovery (EUR) potential (natural gas)</li> </ul> <p>First quarter 2016 capital investment has also solidified working interest positions in two new development projects covering more than 7,000 net mineral acres in Louisiana and Texas. The new acreage adds up to 23 more drilling locations, which represents an approximate 15-year addition to Aresco’s existing drilling inventory. Two wells are scheduled to spud in 2Q16.</p> <p><a href="http://www.txoilinvestments.com/" target="_blank" rel="attachment wp-att-9280"><img class="aligncenter wp-image-9280 size-full" src="http://www.arescotx.com/wp-content/uploads/gulf-coast-oil-investment-opportunities.gif" alt="Gulf Coast Oil Investment Opportunities" width="728" height="40" /></a></p> <p><strong>About Aresco LP</strong></p> <p>Aresco LP is a privately held Dallas-based exploration and production company actively engaged in developmental drilling, mineral leasing, and production acquisitions in conventional and unconventional oil plays throughout Texas, Oklahoma, New Mexico, Louisiana, and the entire Gulf Coast region. The company specializes in production-driven projects designed to provide income stability and strong growth potential. Aresco’s asset portfolio provides a strong balance of ownership positions in rapidly developing conventional formations and development projects in proven oilfields with decades of active drilling and production.</p> ]]></content:encoded> </item> <item> <title>Cherokee Platform Well Completion Announced by Aresco</title> <link>http://www.arescotx.com/cherokee-platform-well-completion-announced-by-aresco/</link> <pubDate>Thu, 24 Mar 2016 18:37:27 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Cherokee Platform]]></category> <category><![CDATA[Hunton Lime]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=9603</guid> <description><![CDATA[Aresco LP Announces Successful Hunton Lime Vertical Well Completion, New Field Discovery ... ]]></description> <content:encoded><![CDATA[<div id="s-share-buttons" class="horizontal-w-c-circular s-share-w-c"><a href="http://www.facebook.com/sharer.php?u=http://www.arescotx.com/cherokee-platform-well-completion-announced-by-aresco/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Cherokee Platform Well Completion Announced by Aresco&url=http://www.arescotx.com/cherokee-platform-well-completion-announced-by-aresco/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/cherokee-platform-well-completion-announced-by-aresco/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/cherokee-platform-well-completion-announced-by-aresco/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><div class="pinit-btn-div"><a href="//www.pinterest.com/pin/create/button/" data-pin-do="buttonBookmark" data-pin-color="red" title="Share to Pinterest" class="s3-pinterest hint--top"></a></div> <script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script><a href="mailto:?Subject=Cherokee%20Platform%20Well%20Completion%20Announced%20by%20Aresco&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/cherokee-platform-well-completion-announced-by-aresco/" title="Email this article" class="s3-email hint--top"></a></div><h3 class="article-title">Aresco LP Announces Successful Hunton Lime Vertical Well Completion, New Field Discovery on Eastern Edge of Cherokee Platform in Oklahoma County, Oklahoma</h3> <p><em><strong>Proving up Aresco’s Cherokee Platform prospect acreage, the newly completed vertical well is currently producing from three commingled zones, including the Hunton Lime, with initial production registering sixty barrels of oil per day.</strong></em><span id="more-9603"></span></p> <p><a href="http://www.arescotx.com/wp-content/uploads/hunton-lime-vertical-well.jpg" rel="attachment wp-att-9608" data-rel="lightbox-0" title=""><img class="alignleft size-full wp-image-9608" src="http://www.arescotx.com/wp-content/uploads/hunton-lime-vertical-well.jpg" alt="hunton-lime-vertical-well" width="389" height="397" srcset="http://www.arescotx.com/wp-content/uploads/hunton-lime-vertical-well.jpg 389w, http://www.arescotx.com/wp-content/uploads/hunton-lime-vertical-well-294x300.jpg 294w" sizes="(max-width: 389px) 100vw, 389px" /></a>Aresco LP, a Dallas-based energy exploration and production company, today announced a new field discovery in Oklahoma County, Oklahoma with the successful completion of a Hunton Lime vertical well. Alongside their lead operating partner and other capital partners, Aresco drilled the developmental well vertically to 6,400 ft. and tested multiple zones in the Cherokee Platform with the highly prolific Hunton Lime being the primary target.</p> <p>“We’ve had our eye on joining the Oklahoma production community for some time now and we couldn’t be more excited to have this new well in production with another nearby in the process of completion,” said <a href="http://www.arescotx.com/brandon-laxton-founder-president/">Brandon Laxton</a>, President and Founder of Aresco LP and Aresco Operating. “With what looks to be solid daily output and long-lived well production, this successful completion not only proves up our prospect acreage, but looks to provide attractive return potential at today’s prices while also setting us up for solid cash flow as prices continue to rebound.”</p> <p><a href="http://www.arescotx.com/wp-content/uploads/hunton-lime-cherokee-platform-pump-jack.jpg" rel="attachment wp-att-9612" data-rel="lightbox-1" title=""><img class="alignright wp-image-9612" src="http://www.arescotx.com/wp-content/uploads/hunton-lime-cherokee-platform-pump-jack.jpg" alt="Hunton Lime Cherokee Platform Pump Jack" width="400" height="300" srcset="http://www.arescotx.com/wp-content/uploads/hunton-lime-cherokee-platform-pump-jack.jpg 800w, http://www.arescotx.com/wp-content/uploads/hunton-lime-cherokee-platform-pump-jack-300x225.jpg 300w, http://www.arescotx.com/wp-content/uploads/hunton-lime-cherokee-platform-pump-jack-768x576.jpg 768w" sizes="(max-width: 400px) 100vw, 400px" /></a>The well is currently producing from three commingled zones: the Misener Sandstone and the Upper and Lower <a href="http://www.arescotx.com/tag/hunton-lime/">Hunton Lime</a>. The well’s initial production (IP) came in at sixty barrels of oil per day, with production continuing to stabilize as completion fluids were being recovered.</p> <p>The newly discovered field sits on the eastern edge of the <a href="http://www.arescotx.com/tag/cherokee-platform/">Cherokee Platform</a> on trend with the Oklahoma City Oil Field, which has produced over three billion barrels of oil since its discovery in 1929 according to the U.S. Energy Information Administration.</p> <p><strong>About Aresco LP</strong><br /> Aresco LP is a privately held Dallas-based exploration and production company actively engaged in developmental drilling, mineral leasing, and production acquisitions in conventional and unconventional oil plays throughout Texas, Oklahoma, New Mexico, Louisiana, and the entire Gulf Coast region. The company specializes in production-driven projects designed to provide income stability and strong growth potential. Aresco’s asset portfolio provides a strong balance of ownership positions in rapidly developing conventional formations and development projects in proven oilfields with decades of active drilling and production.</p> <p><a href="http://www.txoilinvestments.com/" target="_blank" rel="attachment wp-att-9280"><img class="aligncenter wp-image-9280 size-full" src="http://www.arescotx.com/wp-content/uploads/gulf-coast-oil-investment-opportunities.gif" alt="Gulf Coast Oil Investment Opportunities" width="728" height="40" /></a></p> ]]></content:encoded> </item> <item> <title>Tuscaloosa Sands Well Completion Announced by Aresco</title> <link>http://www.arescotx.com/tuscaloosa-sands-well-completion-announced-by-aresco/</link> <pubDate>Wed, 23 Mar 2016 13:57:36 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Tuscaloosa Marine Shale]]></category> <category><![CDATA[Tuscaloosa Sands]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=9587</guid> <description><![CDATA[Aresco LP announces successful well completion in Tuscaloosa Sands Gas Play in ... ]]></description> <content:encoded><![CDATA[<div id="s-share-buttons" class="horizontal-w-c-circular s-share-w-c"><a href="http://www.facebook.com/sharer.php?u=http://www.arescotx.com/tuscaloosa-sands-well-completion-announced-by-aresco/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Tuscaloosa Sands Well Completion Announced by Aresco&url=http://www.arescotx.com/tuscaloosa-sands-well-completion-announced-by-aresco/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/tuscaloosa-sands-well-completion-announced-by-aresco/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/tuscaloosa-sands-well-completion-announced-by-aresco/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><div class="pinit-btn-div"><a href="//www.pinterest.com/pin/create/button/" data-pin-do="buttonBookmark" data-pin-color="red" title="Share to Pinterest" class="s3-pinterest hint--top"></a></div> <script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script><a href="mailto:?Subject=Tuscaloosa%20Sands%20Well%20Completion%20Announced%20by%20Aresco&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/tuscaloosa-sands-well-completion-announced-by-aresco/" title="Email this article" class="s3-email hint--top"></a></div><p><strong>Aresco LP announces successful well completion in Tuscaloosa Sands Gas Play in West Baton Rouge Parish, Louisiana</strong></p> <p><em>Aresco’s targeted Tuscaloosa Sands reentry program yields over 500 million cubic feet of natural gas production in its first eight weeks of production</em><span id="more-9587"></span></p> <p><a href="http://www.arescotx.com/wp-content/uploads/tuscaloosa-sands-well.jpg" rel="attachment wp-att-9589" data-rel="lightbox-0" title=""><img class="alignleft wp-image-9589 size-medium" src="http://www.arescotx.com/wp-content/uploads/tuscaloosa-sands-well-300x225.jpg" alt="Tuscaloosa Sands Gas Well" width="300" height="225" srcset="http://www.arescotx.com/wp-content/uploads/tuscaloosa-sands-well-300x225.jpg 300w, http://www.arescotx.com/wp-content/uploads/tuscaloosa-sands-well-768x576.jpg 768w, http://www.arescotx.com/wp-content/uploads/tuscaloosa-sands-well.jpg 1024w" sizes="(max-width: 300px) 100vw, 300px" /></a>Aresco LP, a Dallas-based energy exploration and production company, today announced the successful completion of a deep Tuscaloosa Sandstone gas well in West Baton Rouge Parish, Louisiana.</p> <p>The well was originally drilled in 2009 to a total depth of 21,117 feet. Despite targeting a deeper formation, mechanical issues prevented the original operator from reaching their objective and they chose to complete the well to access the upper sands with smaller reserve potential. Midyear-2015, Aresco joined a lead operator and its capital partners and embarked on a targeted well reentry program, which has resulted in a significant new field discovery. As of March 22<sup>nd</sup>, the well has produced over 500,000 MMCFG.</p> <p>“The <a href="http://www.arescotx.com/tag/tuscaloosa-sands/">Tuscaloosa Sands</a> project had everything we look for in a quality acquisition: solid, proved geology, extensive analogue data, multiple drill sites, and prodigious production potential,” said <a href="http://www.arescotx.com/brandon-laxton-founder-president/">Brandon Laxton</a>, President and Founder of Aresco LP and Aresco Operating. “By sidetracking and deepening the existing wellbore at a fraction of the cost of new drilling, we’ve created an opportunity for an exceptional return on investment. We’re excited about the results and look forward to continuing to jointly execute the development program for this prospect area. It has been a long journey to reach this point. We celebrate this victory with all of those who paved the way early on along with those who were a part of getting us to where we are today.”</p> <p>Aresco’s Tuscaloosa Sands prospect features up to approximately twenty-two in-field drilling locations with gross estimated reserves of 726 billion cubic feet of gas and 36.3 million barrels of oil.</p> <p><strong><a href="http://www.txoilinvestments.com/" target="_blank"><img class="aligncenter wp-image-9280 size-full" src="http://www.arescotx.com/wp-content/uploads/gulf-coast-oil-investment-opportunities.gif" alt="Gulf Coast Oil Investment Opportunities" width="728" height="40" /></a>About Aresco LP</strong></p> <p>Aresco LP is a privately held Dallas-based exploration and production company actively engaged in developmental drilling, mineral leasing, and production acquisitions in conventional and unconventional oil plays throughout Texas, Oklahoma, New Mexico, Louisiana, and the entire Gulf Coast region. The company specializes in production-driven projects designed to provide income stability and strong growth potential. Aresco’s asset portfolio provides a strong balance of ownership positions in rapidly developing conventional formations and development projects in proven oil and gas fields with decades of active drilling and production history.</p> ]]></content:encoded> </item> <item> <title>Matthew Klages Joins Aresco as Senior Vice President</title> <link>http://www.arescotx.com/matthew-klages-joins-aresco/</link> <pubDate>Mon, 14 Mar 2016 04:30:01 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Aresco LP]]></category> <category><![CDATA[Matthew Klages]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=9300</guid> <description><![CDATA[Aresco LP announces Oil and Gas Industry Veteran Matthew J. Klages has ... ]]></description> <content:encoded><![CDATA[<div id="s-share-buttons" class="horizontal-w-c-circular s-share-w-c"><a href="http://www.facebook.com/sharer.php?u=http://www.arescotx.com/matthew-klages-joins-aresco/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Matthew Klages Joins Aresco as Senior Vice President&url=http://www.arescotx.com/matthew-klages-joins-aresco/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/matthew-klages-joins-aresco/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/matthew-klages-joins-aresco/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><div class="pinit-btn-div"><a href="//www.pinterest.com/pin/create/button/" data-pin-do="buttonBookmark" data-pin-color="red" title="Share to Pinterest" class="s3-pinterest hint--top"></a></div> <script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script><a href="mailto:?Subject=Matthew%20Klages%20Joins%20Aresco%20as%20Senior%20Vice%20President&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/matthew-klages-joins-aresco/" title="Email this article" class="s3-email hint--top"></a></div><p><strong>Aresco LP announces Oil and Gas Industry Veteran Matthew J. Klages has joined the Dallas-Based Exploration & Production Company as Senior Vice President </strong></p> <p><em>Matthew Klages to lead </em><em>Aresco’s Acquisitions & Divestitures division in identifying and acquiring proven developed producing properties in addition to exploration-side opportunities for both non-operated and Aresco-operated new field discoveries</em><span id="more-9300"></span></p> <p><a href="http://www.arescotx.com/wp-content/uploads/matthew-klages-sr-vp.jpg" rel="attachment wp-att-9302" data-rel="lightbox-0" title=""><img class="alignleft size-full wp-image-9302" src="http://www.arescotx.com/wp-content/uploads/matthew-klages-sr-vp.jpg" alt="matthew-klages-sr-vp" width="405" height="405" srcset="http://www.arescotx.com/wp-content/uploads/matthew-klages-sr-vp.jpg 405w, http://www.arescotx.com/wp-content/uploads/matthew-klages-sr-vp-300x300.jpg 300w" sizes="(max-width: 405px) 100vw, 405px" /></a>Aresco LP, a Dallas-based energy exploration and production company, today announced oil and gas industry professional Matthew J. Klages has joined its executive management team as Senior Vice President. With nearly twenty years of Acquisitions & Divestiture experience, Mr. Klages is charged with helping the company further expand its portfolio of oil and natural gas drilling inventories and producing properties.</p> <p>“While many companies are choosing to sit on the sidelines in today’s challenging pricing environment, Aresco is looking to buy,” said <a href="http://www.arescotx.com/brandon-laxton-founder-president/">Brandon Laxton</a>, President and Founder of Aresco LP. “Matthew’s depth of experience and relationships within the energy A&D community will be a key part of our aggressive expansion efforts in our core areas of interest.”</p> <p><a href="http://www.arescotx.com/tag/matthew-klages/">Matthew Klages</a> began his career in the financial sector of the energy industry as Vice President of a large independent oil and gas exploration company. Recognizing an emerging market opportunity, Mr. Klages founded an energy asset management company in 2002 with the objective of purchasing undervalued assets throughout the energy sector. As Founder & President he led the company in opportunity generation, due diligence, financial structuring, valuations and partnership management between industry entities and financial partners. Throughout his 19-year career in the A&D sector, Mr. Klages has successfully completed numerous E&P acquisitions representing over $1 Billion in estimated recoverable oil and natural gas reserves.</p> <p>For more information, see <a href="http://www.arescotx.com/matthew-j-klages-senior-vice-president/">Matthew Klages bio</a>.</p> <p><a href="http://www.txoilinvestments.com/" target="_blank" rel="attachment wp-att-9280"><img class="aligncenter wp-image-9280 size-full" src="http://www.arescotx.com/wp-content/uploads/gulf-coast-oil-investment-opportunities.gif" alt="Gulf Coast Oil Investment Opportunities" width="728" height="40" /></a></p> <p><strong>About Aresco LP</strong></p> <p>Aresco LP is a privately held Dallas-based exploration and production company actively engaged in developmental drilling, mineral leasing, and production acquisitions in conventional and unconventional oil plays throughout Texas, Oklahoma, New Mexico, Louisiana, and the entire Gulf Coast region. The company specializes in production-driven projects designed to provide income stability and strong growth potential. Aresco’s asset portfolio provides a strong balance of ownership positions in rapidly developing conventional formations and development projects in proven oilfields with decades of active drilling and production history.</p> ]]></content:encoded> </item> <item> <title>Private Equity Finding Permian Basin Oil Producers</title> <link>http://www.arescotx.com/permian-basin-oil-producers/</link> <pubDate>Thu, 10 Mar 2016 22:08:12 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[New Mexico Oil and Gas Investing]]></category> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Permian Basin Oil News]]></category> <category><![CDATA[Texas Oil and Gas Investing]]></category> <category><![CDATA[Energy Information Administration (EIA)]]></category> <category><![CDATA[Permian Basin]]></category> <category><![CDATA[Saudi Arabia]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=9275</guid> <description><![CDATA[American oil producers in West Texas aren’t backing down from the challenge ... ]]></description> <content:encoded><![CDATA[<div id="s-share-buttons" class="horizontal-w-c-circular s-share-w-c"><a href="http://www.facebook.com/sharer.php?u=http://www.arescotx.com/permian-basin-oil-producers/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Private Equity Finding Permian Basin Oil Producers&url=http://www.arescotx.com/permian-basin-oil-producers/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/permian-basin-oil-producers/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/permian-basin-oil-producers/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><div class="pinit-btn-div"><a href="//www.pinterest.com/pin/create/button/" data-pin-do="buttonBookmark" data-pin-color="red" title="Share to Pinterest" class="s3-pinterest hint--top"></a></div> <script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script><a href="mailto:?Subject=Private%20Equity%20Finding%20Permian%20Basin%20Oil%20Producers&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/permian-basin-oil-producers/" title="Email this article" class="s3-email hint--top"></a></div><p><em>American oil producers in West Texas aren’<a href="http://www.arescotx.com/wp-content/uploads/permian-basin-oil.jpg" rel="attachment wp-att-9276" data-rel="lightbox-0" title=""><img class="alignleft wp-image-9276" src="http://www.arescotx.com/wp-content/uploads/permian-basin-oil.jpg" alt="Permian Basin Oil Producers" width="375" height="249" srcset="http://www.arescotx.com/wp-content/uploads/permian-basin-oil.jpg 800w, http://www.arescotx.com/wp-content/uploads/permian-basin-oil-300x199.jpg 300w, http://www.arescotx.com/wp-content/uploads/permian-basin-oil-768x510.jpg 768w" sizes="(max-width: 375px) 100vw, 375px" /></a>t backing down from the challenge being posed by Saudi-led OPEC nations, new Iranian production coming online, and more than a few other factors. Instead they are living up to the wildcatter’s reputation of being creative problem solvers by making moves to see them through this current rough spell.</em> <span id="more-9275"></span></p> <p>The crude-rich monarchy of <a href="http://www.arescotx.com/tag/saudi-arabia/">Saudi Arabia</a> has been playing hardball at the head of the table of oil-producing Middle Eastern states, <em>choosing not to cut production</em> – this despite the effects the recent oil glut has had on global oil pricing. With the global benchmark Brent crude down near $30/b in recent weeks, the Saudis are betting the bank that the surplus in supply will continue to play havoc with the energy markets, thereby testing the resolve of their North American production counterparts while also effectively choking out a few of their own associates, such as Venezuela. Add to this the fact that the first shipments of Iranian oil have now reached the European market, the already Middle Eastern supply glut is set to grow. It is estimated that the Iranians are on pace to contribute an estimated 3 million barrels per day (bpd) to global production. Given these factors, one has to wonder how Permian producers can stay in the game.</p> <p><a href="http://www.txoilinvestments.com/" target="_blank" rel="attachment wp-att-9280"><img class="aligncenter wp-image-9280 size-full" src="http://www.arescotx.com/wp-content/uploads/gulf-coast-oil-investment-opportunities.gif" alt="Gulf Coast Oil Investment Opportunities" width="728" height="40" /></a></p> <p>But if the usual methods of improving margins in a challenging market such as cutting CAPEX, etc. do not effectively fix the bottom line, what else can be done? Recent headlines prove that West Texas operators are getting creative on the financial-side of things to help withstand supply-side pressures. One solution to help them batten down the hatches, at least in the short to near term, appears to be selling over $2 billion in equity.</p> <p>Diamondback Energy Inc. launched a 4 million-share sale a week after Pioneer Natural Resources Co. issued and sold 12 million shares of their own on in early January 2016. Pioneer <a href="http://investors.pxd.com/phoenix.zhtml?c=90959&p=irol-newsArticle&ID=2126517" target="_blank">explained their move</a> as an effort to fund “…general corporate purposes, including continuing to actively develop its acreage position in the Spraberry/Wolfcamp play in West Texas while maintaining a strong balance sheet during the current period of low commodity prices.”</p> <p>In addition to these moves there is also outside money flowing into the industry via private equity firms. For example, Invictus Energy LLC is a new producer being financed by Kayne Anderson Capital Advisors LP <a href="http://kaynecapital.com/wp-content/uploads/160113_Invictus_Press_Release.pdf" target="_blank">to the tune of $150 million</a>. They look to work the <a href="http://www.arescotx.com/tag/permian-basin/">Permian Basin</a> as well as the <a href="http://www.arescotx.com/tag/eagle-ford-shale/">Eagle Ford Shale</a> play.</p> <p>According to David Deckelbaum of KeyBanc Capital Markets Inc., producers have been looking to alternative taps from which to draw cash rather than taking a sizable loss through asset sales or accumulating significant debt. “In a world where the oil price can break you, taking on debt is an absolute no-no.”</p> <p><strong>Results</strong></p> <p><a href="http://www.arescotx.com/wp-content/uploads/permian-basin-oil-well-02.jpg" rel="attachment wp-att-4975" data-rel="lightbox-1" title=""><img class="alignright size-medium wp-image-4975" src="http://www.arescotx.com/wp-content/uploads/permian-basin-oil-well-02-300x199.jpg" alt="permian-basin-oil-well-02" width="300" height="199" srcset="http://www.arescotx.com/wp-content/uploads/permian-basin-oil-well-02-300x199.jpg 300w, http://www.arescotx.com/wp-content/uploads/permian-basin-oil-well-02.jpg 625w" sizes="(max-width: 300px) 100vw, 300px" /></a>But how are these producers performing on the heels of their equity moves? Pioneer has bettered the oil market which saw a 13 percent fall by reporting only a 2.3 percent drop since its January 5 offering. Likewise, Diamondback has surged more than 20 percent since its January 13 issuance.</p> <p>Additionally, predictions on future demand are understandably positive, such as British Petroleum’s 2035 Energy Outlook, which forecasts that global demand for energy will increase by 34%, driven primarily by growth in the global population and economy. Shale demand is specifically addressed <a href="http://www.bp.com/en/global/corporate/energy-economics/energy-outlook-2035/shale-projections.html" target="_blank">where the report states</a>: “Globally, shale gas is expected to grow by 5.6% p.a. between 2014 and 2035, well in excess of the growth of total gas production. As a result, the share of shale gas in global gas production more than doubles from 11% in 2014 to 24% by 2035.”</p> <p><a href="http://www.arescotx.com/wp-content/uploads/Savanna-Permian-basin.jpg" rel="attachment wp-att-9284" data-rel="lightbox-2" title=""><img class="alignleft wp-image-9284" src="http://www.arescotx.com/wp-content/uploads/Savanna-Permian-basin.jpg" alt="Savanna Permian Basin" width="275" height="413" srcset="http://www.arescotx.com/wp-content/uploads/Savanna-Permian-basin.jpg 475w, http://www.arescotx.com/wp-content/uploads/Savanna-Permian-basin-200x300.jpg 200w" sizes="(max-width: 275px) 100vw, 275px" /></a>WTI closed above $30/b today and looks to be rebounding nicely in response to all the talk of OPEC’s alleged willingness to now “cooperate” on cutting production as was first reported via Twitter by <a href="https://twitter.com/summer_said" target="_blank">a WSJ reporter</a> last week. Closer to home more news circulates of producers consolidating their interests elsewhere in the U.S. to focus on production in West Texas. This movement is backed up by <a href="https://www.eia.gov/petroleum/drilling/#_blank" target="_blank">the U.S. Energy Information Administration</a> which anticipates crude production in the Permian Basin to climb by 5,000 barrels per day in February to 2.04 million bpd, up from 2.035 million bpd in January – in spite of a significant drop in rig count.</p> <p>The <a href="http://www.eia.gov/forecasts/steo/uncertainty/index.cfm" target="_blank">EIA also predicts</a> that the average WTI price in May of this year will be up to $36/b based on NYMEX contract values for delivery at that time indicating that the market estimates WTI to range between $21/b to $58/b at a confidence interval of 95%.</p> <p><strong>Before the Dawn</strong></p> <p>These predictions and more paint a positive impression for the Permian Basin in both the short and long term. While active rig and CAPEX numbers may be dramatically lower in response to recent soft oil pricing, the prospects for West Texas are still attractive to many investors. <a href="http://www.rystadenergy.com/AboutUs/NewsCenter/Newsletters/UsArchive/shale-newsletter-february-2016" target="_blank">Rystad recently reported</a> that the Permian Midland and Permian Delaware may attract $14 billion in investment over the next 10 months. “Production of oil from shale and tight formations from North America will transform the global energy landscape in many ways.” They go on to predict the United States will achieve self-sufficiency in liquids by 2019.</p> <p><strong>Sales Past and Future</strong></p> <p><a href="http://www.arescotx.com/wp-content/uploads/APEX-1500-Rig-in-Permian-Basin.jpg" rel="attachment wp-att-9282" data-rel="lightbox-3" title=""><img class="wp-image-9282 alignright" src="http://www.arescotx.com/wp-content/uploads/APEX-1500-Rig-in-Permian-Basin.jpg" alt="APEX 1500 Rig in Permian Basin" width="375" height="273" srcset="http://www.arescotx.com/wp-content/uploads/APEX-1500-Rig-in-Permian-Basin.jpg 800w, http://www.arescotx.com/wp-content/uploads/APEX-1500-Rig-in-Permian-Basin-300x218.jpg 300w, http://www.arescotx.com/wp-content/uploads/APEX-1500-Rig-in-Permian-Basin-768x559.jpg 768w" sizes="(max-width: 375px) 100vw, 375px" /></a>Like Diamondback and Pioneer, Energen Corp. announced mid-February that they are launching a public offering of 12,000,000 shares of common stock. Their goal is grossing $275 million from the sale to fund drilling and developmental activities as well as other general corporate purposes. KeyBanc’s Deckelbaum has indicated that he suspects other producers of the region to follow suit including Callon Petroleum Co., Cimarex Energy Co., Laredo Petroleum Inc., Parsley Energy Inc. and RSP Permian Inc.</p> <p>However, it should be noted that RSP Permian made a similar offering in October of 7,600,000 shares, Cimarex likewise offered 6 million shares in May of 2015 while Laredo Petroleum made a couple of offerings – one of common stock and another of senior notes – in the first quarter before that. Bryan Sheffield, Chairman and CEO of Parsley <a href="http://www.mrt.com/special_pubs/business_insider/article_c98b15d2-ccd8-11e4-b0e8-438f7729a88d.html" target="_blank">put it this way</a>, “Nimble organizations have a significant advantage in volatile environment.”</p> <p>Whether you call it ‘nimble’ or ‘creative’, equity sales sounds a lot like an effective solution these producers have found to see them through a challenging time.</p> <p><a href="http://www.txoilinvestments.com/" target="_blank"><img class="aligncenter wp-image-5412 size-full" src="http://www.arescotx.com/wp-content/uploads/why-now-is-the-time-to-invest-in-oil.png" alt="Why now is the time to invest in oil..." width="600" height="40" srcset="http://www.arescotx.com/wp-content/uploads/why-now-is-the-time-to-invest-in-oil.png 600w, http://www.arescotx.com/wp-content/uploads/why-now-is-the-time-to-invest-in-oil-300x20.png 300w" sizes="(max-width: 600px) 100vw, 600px" /></a></p> ]]></content:encoded> </item> <item> <title>Permian Basin Scores with Lifting of Crude Oil Export Ban</title> <link>http://www.arescotx.com/permian-basin-scores-with-lifting-of-crude-oil-export-ban/</link> <pubDate>Mon, 18 Jan 2016 21:43:47 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[New Mexico Oil and Gas Investing]]></category> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Permian Basin Oil News]]></category> <category><![CDATA[Texas Oil and Gas Investing]]></category> <category><![CDATA[Crude Oil Export Ban]]></category> <category><![CDATA[Energy Information Administration (EIA)]]></category> <category><![CDATA[Oil Market]]></category> <category><![CDATA[OPEC]]></category> <category><![CDATA[Permian Basin]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=8349</guid> <description><![CDATA[The doors to the global oil market were opened wide to America’s ... ]]></description> <content:encoded><![CDATA[<div id="s-share-buttons" class="horizontal-w-c-circular s-share-w-c"><a href="http://www.facebook.com/sharer.php?u=http://www.arescotx.com/permian-basin-scores-with-lifting-of-crude-oil-export-ban/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Permian Basin Scores with Lifting of Crude Oil Export Ban&url=http://www.arescotx.com/permian-basin-scores-with-lifting-of-crude-oil-export-ban/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/permian-basin-scores-with-lifting-of-crude-oil-export-ban/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/permian-basin-scores-with-lifting-of-crude-oil-export-ban/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><div class="pinit-btn-div"><a href="//www.pinterest.com/pin/create/button/" data-pin-do="buttonBookmark" data-pin-color="red" title="Share to Pinterest" class="s3-pinterest hint--top"></a></div> <script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script><a href="mailto:?Subject=Permian%20Basin%20Scores%20with%20Lifting%20of%20Crude%20Oil%20Export%20Ban&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/permian-basin-scores-with-lifting-of-crude-oil-export-ban/" title="Email this article" class="s3-email hint--top"></a></div><p><a href="http://www.arescotx.com/wp-content/uploads/permian-basin-delaware-basin.jpg" target="_blank" rel="attachment wp-att-8351" data-rel="lightbox-0" title=""><img class="alignleft wp-image-8351" style="border: 0px none; margin: 5px 10px;" src="http://www.arescotx.com/wp-content/uploads/permian-basin-delaware-basin.jpg" alt="Permian Basin" width="375" height="250" srcset="http://www.arescotx.com/wp-content/uploads/permian-basin-delaware-basin.jpg 810w, http://www.arescotx.com/wp-content/uploads/permian-basin-delaware-basin-300x200.jpg 300w, http://www.arescotx.com/wp-content/uploads/permian-basin-delaware-basin-768x512.jpg 768w" sizes="(max-width: 375px) 100vw, 375px" /></a>The doors to the global oil market were opened wide to America’s oil producers after they had been closed tight(-ish) for 40 years after the successful passage of a $1.1 trillion omnibus government budget package last month. One of the major benefactors of ending the crude oil export ban looks to be the Permian Basin.<span id="more-8349"></span></p> <p><strong>Background:</strong></p> <p>The “<a href="http://www.arescotx.com/tag/crude-oil-export-ban/">crude oil export ban</a>” has been in place since the U.S. fell victim to price manipulation and an outright oil embargo at the hands of increasingly unfriendly Middle East suppliers. The impact of <a href="http://www.arescotx.com/tag/opec/">OPEC</a>’s game was seen in America in the form of devastating reductions in supply and resultant rationing measures. In response, President <a href="https://en.wikipedia.org/wiki/Jimmy_Carter" target="_blank">Jimmy Carter</a> signed into law the <a href="https://www.govtrack.us/congress/bills/94/s622/text" target="_blank">Energy Policy and Conservation Act of 1975</a> which, among other measures, prohibited the export of domestically produced crude. The Washington Post referred to it last year it as “a desperate ploy in the 1970s to control commodities markets amid spikes in oil prices induced by the Organization of the Petroleum Exporting Countries.” Their editorial board also went on to say “Keeping it in place now is an economically incoherent policy, particularly when removing it would encourage an industry that is transforming the fortunes of large swaths of the nation. Congress should lift the ban entirely.”</p> <p><a href="http://www.txoilinvestments.com/" target="_blank" rel="attachment wp-att-4720"><img class="aligncenter wp-image-4720 size-full" src="http://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil.jpg" alt="Investing in Texas Permian Basin Oil" width="600" height="200" srcset="http://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil.jpg 600w, http://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil-300x100.jpg 300w" sizes="(max-width: 600px) 100vw, 600px" /></a></p> <p><strong>Today:</strong></p> <p>And that is exactly what happened on December 18, 2015 when President Obama approved the bill as a result of a series of fortunate circumstances. First is the game-changing explosion in production in recent years due to the widespread application of industry innovation. Exploitation of resource deposits in previously unprofitable shale formations has lifted the United States above Russia into the top spot in oil and gas production. Second is political concessions made by Congressional leaders on both sides of the aisle. Newly elected Majority Leader, <a href="https://paulryan.house.gov/" target="_blank">Paul Ryan</a>, led the Republicans in making several concessions to see the ban lifted including allowing Democrats to include a five-year extension on tax credits for wind and solar energy producers. The Democrats thereby avoided a stalemate and a shutting down of D.C. And Republicans are able to give domestic energy producers a much-deserved boost to their bottom line as the stable of potential buyers is expanded considerably.</p> <p><strong>Tomorrow:</strong></p> <p><strong><a href="http://www.arescotx.com/wp-content/uploads/Laredo-Petroleum-Garden-City-Acreage.jpg" target="_blank" rel="attachment wp-att-8355" data-rel="lightbox-1" title=""><img class="alignright wp-image-8355" style="border: 0px none; margin: 0px 0px 5px 10px;" src="http://www.arescotx.com/wp-content/uploads/Laredo-Petroleum-Garden-City-Acreage.jpg" alt="Laredo Petroleum Garden City Acreage" width="300" height="432" srcset="http://www.arescotx.com/wp-content/uploads/Laredo-Petroleum-Garden-City-Acreage.jpg 650w, http://www.arescotx.com/wp-content/uploads/Laredo-Petroleum-Garden-City-Acreage-209x300.jpg 209w" sizes="(max-width: 300px) 100vw, 300px" /></a>Why does the Permian Basin stand to be the big winner in this changing scene?</strong></p> <p>The <a href="http://www.arescotx.com/tag/permian-basin/">Permian Basin</a> is the overwhelming leader in production of West Texas Intermediate (WTI) crude oil. WTI, the highest grade crude, was once the benchmark for oil pricing internationally and looks likely to challenge Brent (North Sea) crude for that position of preference. When it comes to producing “sweet Texas crude,” the Permian Basin has two huge advantages–strong existing production and massive running room for growth:</p> <ul> <li>The <a href="http://www.arescotx.com/tag/energy-information-administration-eia/">Energy Information Administration (EIA)</a> recently reported that the Permian Basin’s December 2015 crude production equaled approximately two million barrels of oil per day, a 0.7% gain over November 2015. A year-to-year comparison shows a 12% rise in production from December 2014.</li> <li>The Permian Basin is projected to remain a production powerhouse well into the future. Now, due to widespread innovation, industry experts estimate that the Permian Basin contains recoverable oil and natural gas resources exceeding that which has been produced over the last 90 years.</li> </ul> <p>With these factors in play, the Permian Basin is poised take advantage of this new reality–especially when supply eventually tightens up and prices begin to rebound. With the lifting of the crude oil export ban, producers throughout the basin now enjoy the freedom to move their barrels to refineries across Europe or Asia, serving new markets while receiving world pricing.</p> <p><a href="http://www.txoilinvestments.com/" target="_blank" rel="attachment wp-att-4787"><img class="aligncenter wp-image-4787 size-full" src="http://www.arescotx.com/wp-content/uploads/permian-basin-investing-questions.gif" alt="Permian Basin Oil Investing Questions?" width="600" height="40" /></a></p> ]]></content:encoded> </item> <item> <title>New Year’s Day Office Hours</title> <link>http://www.arescotx.com/new-years-day-office-hours/</link> <pubDate>Thu, 31 Dec 2015 17:55:41 +0000</pubDate> <dc:creator><![CDATA[Khara Erickson]]></dc:creator> <category><![CDATA[Uncategorized]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=8290</guid> <description><![CDATA[In celebration of the New Year, our office will be closed Friday, ... ]]></description> <content:encoded><![CDATA[<div id="s-share-buttons" class="horizontal-w-c-circular s-share-w-c"><a href="http://www.facebook.com/sharer.php?u=http://www.arescotx.com/new-years-day-office-hours/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=New Year’s Day Office Hours&url=http://www.arescotx.com/new-years-day-office-hours/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/new-years-day-office-hours/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/new-years-day-office-hours/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><div class="pinit-btn-div"><a href="//www.pinterest.com/pin/create/button/" data-pin-do="buttonBookmark" data-pin-color="red" title="Share to Pinterest" class="s3-pinterest hint--top"></a></div> <script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script><a href="mailto:?Subject=New%20Year’s%20Day%20Office%20Hours&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/new-years-day-office-hours/" title="Email this article" class="s3-email hint--top"></a></div><p style="line-height: 18.0pt;"><span style="font-family: Georgia; color: #333333;">In celebration of the New Year, our office will be closed Friday, January 1st. We will resume normal business hours Monday morning at 8:00am.</span></p> <p style="line-height: 18.0pt; orphans: auto; text-align: start; widows: 1; -webkit-text-stroke-width: 0px; word-spacing: 0px;"><span style="font-family: Georgia; color: #333333;">The Aresco family wishes you and yours a happy and safe New Year!</span></p> ]]></content:encoded> </item> </channel> </rss>