CINXE.COM

<!DOCTYPE HTML> <html lang="en-US" <head> <meta charset="UTF-8"/> <script type="text/javascript" src="/_static/js/bundle-playback.js?v=HxkREWBo" charset="utf-8"></script> <script type="text/javascript" src="/_static/js/wombat.js?v=txqj7nKC" charset="utf-8"></script> <script>window.RufflePlayer=window.RufflePlayer||{};window.RufflePlayer.config={"autoplay":"on","unmuteOverlay":"hidden"};</script> <script type="text/javascript" src="/_static/js/ruffle/ruffle.js"></script> <script type="text/javascript"> __wm.init("https://web.archive.org/web"); __wm.wombat("http://www.arescotx.com:80/og-education-resources/oil-and-gas-quickfacts/","20160722120323","https://web.archive.org/","web","/_static/", "1469189003"); </script> <link rel="stylesheet" type="text/css" href="/_static/css/banner-styles.css?v=S1zqJCYt" /> <link rel="stylesheet" type="text/css" href="/_static/css/iconochive.css?v=3PDvdIFv" />  <title>Oil and Gas Facts - #QuickFacts at Aresco LP</title> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <link href="https://web.archive.org/web/20160722120323cs_/https://fonts.googleapis.com/css?family=Montserrat:400,700|Droid+Sans:400,700|Droid+Serif:400,400italic,700" rel="stylesheet" type="text/css"> <link rel="stylesheet" href="https://web.archive.org/web/20160722120323cs_/https://maxcdn.bootstrapcdn.com/font-awesome/4.4.0/css/font-awesome.min.css"> <link rel="shortcut icon" href="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/themes/aresco2016/favicon.png"/> <style type="text/css" media="screen"> @import url( https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/themes/aresco2016/style.css ); </style>    <link rel="alternate" type="application/rss+xml" title="RSS 2.0" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/feed/"/>    <meta name="description" itemprop="description" content="Interesting oil and gas facts provided exclusively by Aresco LP. #QuickFacts"/> <meta name="keywords" itemprop="keywords" content="oil and gas facts"/> <link rel="canonical" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/oil-and-gas-quickfacts/"/>  <script type="text/javascript"> window._wpemojiSettings = {"baseUrl":"https:\/\/web.archive.org\/web\/20160722120323\/https:\/\/s.w.org\/images\/core\/emoji\/72x72\/","ext":".png","source":{"concatemoji":"https:\/\/web.archive.org\/web\/20160722120323\/http:\/\/www.arescotx.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=dbcf4a6c182dd9211b3ff3f297bb2922"}}; !function(a,b,c){function d(a){var c,d,e,f=b.createElement("canvas"),g=f.getContext&&f.getContext("2d"),h=String.fromCharCode;if(!g||!g.fillText)return!1;switch(g.textBaseline="top",g.font="600 32px Arial",a){case"flag":return g.fillText(h(55356,56806,55356,56826),0,0),f.toDataURL().length>3e3;case"diversity":return g.fillText(h(55356,57221),0,0),c=g.getImageData(16,16,1,1).data,d=c[0]+","+c[1]+","+c[2]+","+c[3],g.fillText(h(55356,57221,55356,57343),0,0),c=g.getImageData(16,16,1,1).data,e=c[0]+","+c[1]+","+c[2]+","+c[3],d!==e;case"simple":return g.fillText(h(55357,56835),0,0),0!==g.getImageData(16,16,1,1).data[0];case"unicode8":return g.fillText(h(55356,57135),0,0),0!==g.getImageData(16,16,1,1).data[0]}return!1}function e(a){var c=b.createElement("script");c.src=a,c.type="text/javascript",b.getElementsByTagName("head")[0].appendChild(c)}var f,g,h,i;for(i=Array("simple","flag","unicode8","diversity"),c.supports={everything:!0,everythingExceptFlag:!0},h=0;h<i.length;h++)c.supports[i[h]]=d(i[h]),c.supports.everything=c.supports.everything&&c.supports[i[h]],"flag"!==i[h]&&(c.supports.everythingExceptFlag=c.supports.everythingExceptFlag&&c.supports[i[h]]);c.supports.everythingExceptFlag=c.supports.everythingExceptFlag&&!c.supports.flag,c.DOMReady=!1,c.readyCallback=function(){c.DOMReady=!0},c.supports.everything||(g=function(){c.readyCallback()},b.addEventListener?(b.addEventListener("DOMContentLoaded",g,!1),a.addEventListener("load",g,!1)):(a.attachEvent("onload",g),b.attachEvent("onreadystatechange",function(){"complete"===b.readyState&&c.readyCallback()})),f=c.source||{},f.concatemoji?e(f.concatemoji):f.wpemoji&&f.twemoji&&(e(f.twemoji),e(f.wpemoji)))}(window,document,window._wpemojiSettings); </script> <style type="text/css"> img.wp-smiley, img.emoji { display: inline !important; border: none !important; box-shadow: none !important; height: 1em !important; width: 1em !important; margin: 0 .07em !important; vertical-align: -0.1em !important; background: none !important; padding: 0 !important; } </style> <link rel="stylesheet" id="dashicons-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-includes/css/dashicons.min.css?ver=dbcf4a6c182dd9211b3ff3f297bb2922" type="text/css" media="all"/> <link rel="stylesheet" id="wp-jquery-ui-dialog-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-includes/css/jquery-ui-dialog.min.css?ver=dbcf4a6c182dd9211b3ff3f297bb2922" type="text/css" media="all"/> <link rel="stylesheet" id="responsive-lightbox-swipebox-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/plugins/responsive-lightbox/assets/swipebox/css/swipebox.min.css?ver=1.6.8" type="text/css" media="all"/> <link rel="stylesheet" id="responsive-video-light-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/plugins/responsive-video-light/css/responsive-videos.css?ver=20130111" type="text/css" media="all"/> <link rel="stylesheet" id="rs-plugin-settings-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/plugins/revslider/public/assets/css/settings.css?ver=5.1.6" type="text/css" media="all"/> <style id="rs-plugin-settings-inline-css" type="text/css"> #rs-demo-id {} </style> <link rel="stylesheet" id="simple-social-share-main-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/plugins/simple-social-share/css/style.css?ver=dbcf4a6c182dd9211b3ff3f297bb2922" type="text/css" media="all"/> <link rel="stylesheet" id="tooltipster-css-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/plugins/simple-social-share/css/tooltipster.css?ver=dbcf4a6c182dd9211b3ff3f297bb2922" type="text/css" media="all"/> <link rel="stylesheet" id="js_composer_front-css" href="//web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/uploads/js_composer/js_composer_front_custom.css?ver=4.12" type="text/css" media="all"/> <link rel="stylesheet" id="js_composer_custom_css-css" href="//web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/uploads/js_composer/custom.css?ver=4.12" type="text/css" media="all"/> <link rel="stylesheet" id="ubermenu-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/plugins/ubermenu/pro/assets/css/ubermenu.min.css?ver=3.2.5" type="text/css" media="all"/> <link rel="stylesheet" id="ubermenu-vanilla-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/plugins/ubermenu/assets/css/skins/vanilla.css?ver=dbcf4a6c182dd9211b3ff3f297bb2922" type="text/css" media="all"/> <link rel="stylesheet" id="ubermenu-font-awesome-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/plugins/ubermenu/assets/css/fontawesome/css/font-awesome.min.css?ver=4.3" type="text/css" media="all"/> <link rel="stylesheet" id="bsf-Defaults-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/uploads/smile_fonts/Defaults/Defaults.css?ver=dbcf4a6c182dd9211b3ff3f297bb2922" type="text/css" media="all"/> <link rel="stylesheet" id="UserAccessManagerAdmin-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/plugins/user-access-manager/css/uamAdmin.css?ver=1.0" type="text/css" media="screen"/> <link rel="stylesheet" id="UserAccessManagerLoginForm-css" href="https://web.archive.org/web/20160722120323cs_/http://www.arescotx.com/wp-content/plugins/user-access-manager/css/uamLoginForm.css?ver=1.0" type="text/css" media="screen"/> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/jquery/jquery.js?ver=1.12.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/jquery/jquery-migrate.min.js?ver=1.4.1"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-content/plugins/responsive-lightbox/assets/swipebox/js/jquery.swipebox.min.js?ver=1.6.8"></script> <script type="text/javascript"> /* <![CDATA[ */ var rlArgs = {"script":"swipebox","selector":"lightbox","customEvents":"","activeGalleries":"1","animation":"1","hideCloseButtonOnMobile":"0","removeBarsOnMobile":"0","hideBars":"1","hideBarsDelay":"5000","videoMaxWidth":"1080","useSVG":"1","loopAtEnd":"0"}; /* ]]> */ </script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-content/plugins/responsive-lightbox/js/front.js?ver=1.6.8"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-content/plugins/revslider/public/assets/js/jquery.themepunch.tools.min.js?ver=5.1.6"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-content/plugins/revslider/public/assets/js/jquery.themepunch.revolution.min.js?ver=5.1.6"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-content/plugins/simple-social-share/js/jquery.tooltipster.js?ver=dbcf4a6c182dd9211b3ff3f297bb2922"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-content/plugins/user-access-manager/js/functions.js?ver=dbcf4a6c182dd9211b3ff3f297bb2922"></script> <link rel="https://api.w.org/" href="http://www.arescotx.com/wp-json/"/> <link rel="EditURI" type="application/rsd+xml" title="RSD" href="http://www.arescotx.com/xmlrpc.php?rsd"/> <link rel="wlwmanifest" type="application/wlwmanifest+xml" href="http://www.arescotx.com/wp-includes/wlwmanifest.xml"/> <link rel="shortlink" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/?p=3213"/> <link rel="alternate" type="application/json+oembed" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/wp-json/oembed/1.0/embed?url=http%3A%2F%2Fwww.arescotx.com%2Fog-education-resources%2Foil-and-gas-quickfacts%2F"/> <link rel="alternate" type="text/xml+oembed" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/wp-json/oembed/1.0/embed?url=http%3A%2F%2Fwww.arescotx.com%2Fog-education-resources%2Foil-and-gas-quickfacts%2F&format=xml"/>  <style id="ubermenu-custom-generated-css"> /** UberMenu Custom Menu Styles (Customizer) **/ /* main */ .ubermenu-main { background:#ffffff; } .ubermenu-main .ubermenu-item-level-0 > .ubermenu-target { font-size:14px; text-transform:uppercase; color:#000000; -webkit-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); -moz-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); -o-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); padding-top:15px; padding-bottom:15px; padding-left:12px; padding-right:12px; } .ubermenu-main .ubermenu-nav .ubermenu-item.ubermenu-item-level-0 > .ubermenu-target { font-weight:normal; } .ubermenu.ubermenu-main .ubermenu-item-level-0:hover > .ubermenu-target, .ubermenu-main .ubermenu-item-level-0.ubermenu-active > .ubermenu-target { color:#00548d; } .ubermenu-main .ubermenu-item-level-0.ubermenu-current-menu-item > .ubermenu-target, .ubermenu-main .ubermenu-item-level-0.ubermenu-current-menu-parent > .ubermenu-target, .ubermenu-main .ubermenu-item-level-0.ubermenu-current-menu-ancestor > .ubermenu-target { color:#00548d; } .ubermenu-main .ubermenu-item.ubermenu-item-level-0 > .ubermenu-highlight { color:#00548d; background:#f4f4f4; } .ubermenu-main .ubermenu-item-level-0.ubermenu-active > .ubermenu-target,.ubermenu-main .ubermenu-item-level-0:hover > .ubermenu-target { -webkit-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); -moz-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); -o-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); } .ubermenu-main.ubermenu-sub-indicators .ubermenu-item-level-0.ubermenu-has-submenu-drop > .ubermenu-target:not(.ubermenu-noindicator) { padding-right:27px; } .ubermenu-main.ubermenu-sub-indicators .ubermenu-item-level-0.ubermenu-has-submenu-drop > .ubermenu-target.ubermenu-noindicator { padding-right:12px; } .ubermenu-main .ubermenu-item-normal > .ubermenu-target { color:#000000; font-size:14px; } .ubermenu.ubermenu-main .ubermenu-item-normal > .ubermenu-target:hover, .ubermenu.ubermenu-main .ubermenu-item-normal:hover > .ubermenu-target, .ubermenu.ubermenu-main .ubermenu-item-normal.ubermenu-active > .ubermenu-target { color:#00548d; } .ubermenu-main .ubermenu-item-normal.ubermenu-current-menu-item > .ubermenu-target { color:#727272; } .ubermenu.ubermenu-main .ubermenu-item-normal > .ubermenu-target:hover, .ubermenu.ubermenu-main .ubermenu-item-normal.ubermenu-active > .ubermenu-target { background-color:#e8e8e8; } .ubermenu-main .ubermenu-submenu-type-flyout > .ubermenu-item-normal > .ubermenu-target { border-bottom:1px solid #cccccc; } .ubermenu.ubermenu-main .ubermenu-tabs .ubermenu-tabs-group { background-color:#00548d; } .ubermenu.ubermenu-main .ubermenu-tab > .ubermenu-target { color:#ffffff; } .ubermenu.ubermenu-main .ubermenu-submenu .ubermenu-tab.ubermenu-active > .ubermenu-target { color:#ffffff; } .ubermenu.ubermenu-main .ubermenu-tab.ubermenu-active > .ubermenu-target { background-color:#00548d; } .ubermenu-responsive-toggle.ubermenu-responsive-toggle-main { font-size:16px; background:#ffffff; color:#000000; } .ubermenu-responsive-toggle.ubermenu-responsive-toggle-main:hover { background:#eaeaea; color:#000000; } /* Status: Loaded from Transient */ </style><script type="text/javascript"> (function(url){ if(/(?:Chrome\/26\.0\.1410\.63 Safari\/537\.31|WordfenceTestMonBot)/.test(navigator.userAgent)){ return; } var addEvent = function(evt, handler) { if (window.addEventListener) { document.addEventListener(evt, handler, false); } else if (window.attachEvent) { document.attachEvent('on' + evt, handler); } }; var removeEvent = function(evt, handler) { if (window.removeEventListener) { document.removeEventListener(evt, handler, false); } else if (window.detachEvent) { document.detachEvent('on' + evt, handler); } }; var evts = 'contextmenu dblclick drag dragend dragenter dragleave dragover dragstart drop keydown keypress keyup mousedown mousemove mouseout mouseover mouseup mousewheel scroll'.split(' '); var logHuman = function() { var wfscr = document.createElement('script'); wfscr.type = 'text/javascript'; wfscr.async = true; wfscr.src = url + '&r=' + Math.random(); (document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(wfscr); for (var i = 0; i < evts.length; i++) { removeEvent(evts[i], logHuman); } }; for (var i = 0; i < evts.length; i++) { addEvent(evts[i], logHuman); } })('//web.archive.org/web/20160722120323/http://www.arescotx.com/?wordfence_logHuman=1&hid=6D89CB4073F88B25EACBB43352913CFE'); </script><meta name="generator" content="Powered by Visual Composer - drag and drop page builder for WordPress."/> <meta name="generator" content="Powered by Slider Revolution 5.1.6 - responsive, Mobile-Friendly Slider Plugin for WordPress with comfortable drag and drop interface."/> <noscript><style type="text/css"> .wpb_animate_when_almost_visible { opacity: 1; }</style></noscript> <script> (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','//web.archive.org/web/20160722120323/http://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-46107884-1', 'arescotx.com'); ga('send', 'pageview'); </script> </head> <body> <script>(function(w,d,t,r,u){var f,n,i;w[u]=w[u]||[],f=function(){var o={ti:"5268574"};o.q=w[u],w[u]=new UET(o),w[u].push("pageLoad")},n=d.createElement(t),n.src=r,n.async=1,n.onload=n.onreadystatechange=function(){var s=this.readyState;s&&s!=="loaded"&&s!=="complete"||(f(),n.onload=n.onreadystatechange=null)},i=d.getElementsByTagName(t)[0],i.parentNode.insertBefore(n,i)})(window,document,"script","//web.archive.org/web/20160722120323/http://bat.bing.com/bat.js","uetq");</script><noscript><img src="//web.archive.org/web/20160722120323im_/http://bat.bing.com/action/0?ti=5268574&Ver=2" height="0" width="0" style="display:none; visibility: hidden;"/></noscript> <header> <div class="container"> <div class="row"> <div class="col-md-4 col-sm-4 col-xs-8 logo"> <a href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/"><img src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/aresco-energy.png" width="265" height="91" alt="Aresco Energy"></a> </div> <div class="col-md-8 col-sm-8 col-xs-4 login"> <p style="text-align: right"><a href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/wp-login.php" title="Login">Partner Login</a></p> </div> </div> </div> <div id="thenav"> <div class="container"> <div class="row"> <div class="col-md-12">  <a class="ubermenu-responsive-toggle ubermenu-responsive-toggle-main ubermenu-skin-vanilla ubermenu-loc-top-nav ubermenu-responsive-toggle-content-align-left ubermenu-responsive-toggle-align-full " data-ubermenu-target="ubermenu-main-3-top-nav"><i class="fa fa-bars"></i>Menu</a><nav id="ubermenu-main-3-top-nav" class="ubermenu ubermenu-nojs ubermenu-main ubermenu-menu-3 ubermenu-loc-top-nav ubermenu-responsive ubermenu-responsive-default ubermenu-responsive-collapse ubermenu-horizontal ubermenu-transition-shift ubermenu-trigger-hover_intent ubermenu-skin-vanilla ubermenu-bar-align-full ubermenu-items-align-left ubermenu-bound ubermenu-disable-submenu-scroll ubermenu-sub-indicators ubermenu-retractors-responsive"><ul id="ubermenu-nav-main-3-top-nav" class="ubermenu-nav"><li id="menu-item-1997" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-has-children ubermenu-item-1997 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto ubermenu-has-submenu-drop ubermenu-has-submenu-flyout"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/about-aresco/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">About</span></a><ul class="ubermenu-submenu ubermenu-submenu-id-1997 ubermenu-submenu-type-flyout ubermenu-submenu-drop ubermenu-submenu-align-left_edge_item"><li id="menu-item-6044" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-6044 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/management-team/"><span class="ubermenu-target-title ubermenu-target-text">Management Team</span></a></li><li id="menu-item-2587" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-2587 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/about-aresco/why-aresco/"><span class="ubermenu-target-title ubermenu-target-text">Why Aresco</span></a></li><li id="menu-item-2586" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-2586 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/about-aresco/why-invest-in-oil-and-gas/"><span class="ubermenu-target-title ubermenu-target-text">Why Oil & Gas</span></a></li><li id="menu-item-4950" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4950 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/about-aresco/oil-investing-tax-shelter/"><span class="ubermenu-target-title ubermenu-target-text">Oil Investing Tax Shelter</span></a></li><li class="ubermenu-retractor ubermenu-retractor-mobile"><i class="fa fa-times"></i> Close</li></ul></li><li id="menu-item-2164" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-2164 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/oil-and-gas-investment-opportunities/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Projects</span></a></li><li id="menu-item-2126" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-2126 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/operations/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Areas of Interest</span></a></li><li id="menu-item-3132" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-has-children ubermenu-item-3132 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto ubermenu-has-submenu-drop ubermenu-has-submenu-flyout"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" title="Texas Oil Well Photos & Videos" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/photos-videos/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Photos & Videos</span></a><ul class="ubermenu-submenu ubermenu-submenu-id-3132 ubermenu-submenu-type-flyout ubermenu-submenu-drop ubermenu-submenu-align-left_edge_item"><li id="menu-item-8067" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-8067 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/photos-videos/life-cycle-of-an-oil-well/"><span class="ubermenu-target-title ubermenu-target-text">Life Cycle of an Oil Well</span></a></li><li id="menu-item-4654" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4654 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/photos-videos/3d-rig-tour/"><span class="ubermenu-target-title ubermenu-target-text">3D Rig Tour</span></a></li><li id="menu-item-7222" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-7222 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/photos-videos/what-is-a-blowout-preventer/"><span class="ubermenu-target-title ubermenu-target-text">What is a blowout preventer?</span></a></li><li id="menu-item-4652" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4652 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/photos-videos/multi-formation-vertical-well-drilling-animation/"><span class="ubermenu-target-title ubermenu-target-text">Multi Formation Vertical Well Drilling Animation</span></a></li><li id="menu-item-4655" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4655 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/photos-videos/well-log-animation/"><span class="ubermenu-target-title ubermenu-target-text">Well Log Animation</span></a></li><li id="menu-item-4656" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4656 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/photos-videos/salt-water-disposal-animation/"><span class="ubermenu-target-title ubermenu-target-text">Salt Water Disposal Animation</span></a></li><li id="menu-item-4663" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4663 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/photos-videos/drilling-haskell-east-1-haskell-county-tx/"><span class="ubermenu-target-title ubermenu-target-text">Drilling Haskell East # 1 well</span></a></li><li id="menu-item-4662" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4662 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/photos-videos/dexter-trinidad-drilling-rig-houston-county/"><span class="ubermenu-target-title ubermenu-target-text">Dexter Trinidad Drilling Rig</span></a></li><li id="menu-item-4842" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4842 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/photos-videos/drilling-the-noodle-canyon-1-in-jones-county-texas/"><span class="ubermenu-target-title ubermenu-target-text">Noodle Canyon #1</span></a></li><li class="ubermenu-retractor ubermenu-retractor-mobile"><i class="fa fa-times"></i> Close</li></ul></li><li id="menu-item-2334" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-current-page-ancestor ubermenu-current-menu-ancestor ubermenu-current-menu-parent ubermenu-current-page-parent ubermenu-current_page_parent ubermenu-current_page_ancestor ubermenu-item-has-children ubermenu-item-2334 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto ubermenu-has-submenu-drop ubermenu-has-submenu-flyout"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Resources</span></a><ul class="ubermenu-submenu ubermenu-submenu-id-2334 ubermenu-submenu-type-flyout ubermenu-submenu-drop ubermenu-submenu-align-left_edge_item"><li id="menu-item-4008" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4008 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/frequently-asked-questions/"><span class="ubermenu-target-title ubermenu-target-text">Frequently Asked Oil and Gas Questions</span></a></li><li id="menu-item-4001" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-current-menu-item ubermenu-page_item ubermenu-page-item-3213 ubermenu-current_page_item ubermenu-item-4001 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/oil-and-gas-quickfacts/"><span class="ubermenu-target-title ubermenu-target-text">Oil and Gas Facts – #QuickFacts</span></a></li><li id="menu-item-6343" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-6343 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/self-directed-iras/"><span class="ubermenu-target-title ubermenu-target-text">Self-Directed IRAs Alternative Investments</span></a></li><li id="menu-item-4002" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4002 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/oil-and-gas-glossary/"><span class="ubermenu-target-title ubermenu-target-text">Oil and Gas Glossary of Terms</span></a></li><li id="menu-item-4003" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4003 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/common-abbreviations/"><span class="ubermenu-target-title ubermenu-target-text">Common Abbreviations</span></a></li><li id="menu-item-9982" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-9982 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/oil-and-gas-industry-quiz/"><span class="ubermenu-target-title ubermenu-target-text">Oil and Gas Industry Quiz</span></a></li><li class="ubermenu-retractor ubermenu-retractor-mobile"><i class="fa fa-times"></i> Close</li></ul></li><li id="menu-item-5288" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-has-children ubermenu-item-5288 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto ubermenu-has-submenu-drop ubermenu-has-submenu-flyout"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/oil-gas-industry-consulting-services/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Consulting</span></a><ul class="ubermenu-submenu ubermenu-submenu-id-5288 ubermenu-submenu-type-flyout ubermenu-submenu-drop ubermenu-submenu-align-left_edge_item"><li id="menu-item-5293" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5293 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/oil-gas-industry-consulting-services/oil-and-gas-investment-evaluation/"><span class="ubermenu-target-title ubermenu-target-text">Oil and Gas Investment Evaluation</span></a></li><li id="menu-item-5292" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5292 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/oil-gas-industry-consulting-services/geologic-field-appraisal/"><span class="ubermenu-target-title ubermenu-target-text">Geologic Field Appraisal</span></a></li><li id="menu-item-5291" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5291 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/oil-gas-industry-consulting-services/field-revitalization/"><span class="ubermenu-target-title ubermenu-target-text">Field Revitalization</span></a></li><li id="menu-item-5289" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5289 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/oil-gas-industry-consulting-services/submitting-an-investment-opportunity-evaluation-request/"><span class="ubermenu-target-title ubermenu-target-text">Investment Evaluation Request</span></a></li><li id="menu-item-5290" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5290 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/oil-gas-industry-consulting-services/submitting-a-prospect-review-request/"><span class="ubermenu-target-title ubermenu-target-text">Submit Prospect Review Request</span></a></li><li class="ubermenu-retractor ubermenu-retractor-mobile"><i class="fa fa-times"></i> Close</li></ul></li><li id="menu-item-1558" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-1558 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/latest-news/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">News</span></a></li><li id="menu-item-65" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-65 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/contact-us/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Contact</span></a></li><li id="menu-item-11034" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-11034 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/acquisitions/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Acquisitions</span></a></li></ul></nav>  </div> </div> </div> </div> </header><div id="rotator"> <div class="container"> <div class="row"> <div class="col-md-12 margintoptwo"> <h1>Oil and Gas Facts – #QuickFacts</h1> </div> </div> </div> </div> <script type="text/javascript"> var imgCount = 8; var dir = 'https://web.archive.org/web/20160722120323/http://www.arescotx.com/bgimages/'; var randomCount = Math.round(Math.random() * (imgCount - 1)) + 1; var images = new Array images[1] = "01.jpg", images[2] = "02.jpg", images[3] = "03.jpg", images[4] = "04.jpg", images[5] = "05.jpg", images[6] = "06.jpg", images[7] = "07.jpg", images[8] = "08.jpg", document.getElementById("rotator").style.backgroundImage = "url(" + dir + images[randomCount] + ")"; </script> <div class="container content"> <div class="row"> <div class="col-lg-12 col-md-12 recent" style="margin-top:18px;"> <div class="vc_row wpb_row row"><div class="wpb_column vc_column_container vc_col-sm-9"><div class="vc_column-inner "><div class="wpb_wrapper"><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/uploads/oil-quick-facts-013.gif" class="vc_single_image-img attachment-full" alt="Oil and Gas Quick Facts 013"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>Of all of the horizontal wells that have been drilled in the last five years, 99% are in the United States. Of all the wells that have ever been drilled, three quarters are in the United States.<br/> <em><span style="font-size: large;">Source: Peter Zeihan</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/uploads/oil-quick-facts-001.gif" class="vc_single_image-img attachment-full" alt="Oil #QuickFacts 001"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>The exponential increase in Texas oil output over roughly the last three years has completely reversed the previous 23-year decline in the state’s oil production that took place from 1986 to 2009.<br/> <em><span style="font-size: large;">Source: AEI Ideas</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/uploads/oil-quick-facts-002-1.gif" class="vc_single_image-img attachment-full" alt="oil-quick-facts-002"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>In mid-2009, Texas was producing less than 20% of America’s domestic crude oil. The recent gusher of unconventional oil being produced in the Eagle Ford Shale and Permian Basin areas of Texas, thanks to breakthrough drilling technologies, has recently pushed the Lone Star State’s share of domestic crude oil above 30%.<br/> <em><span style="font-size: large;">Source: AEI Ideas</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/uploads/oil-quick-facts-003.gif" class="vc_single_image-img attachment-full" alt="Is Texas now #8 in world oil production?"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>At the current rate of increase in crude oil output in Texas, the state is on track to possibly produce almost 3 million barrels of oil per day by the end of 2013, which could move the state all the way up to No. 8 in the world for oil output by December.<br/> <em><span style="font-size: large;">Source: AEI </span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/uploads/oil-quick-facts-004.gif" class="vc_single_image-img attachment-full" alt="#OilandGas #QuickFacts 004"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>In 2012, almost 1,500 new jobs were created in the Lone Stare State each business day, and many of those jobs were directly or indirectly related to the state’s booming oil and gas industry.<br/> <em><span style="font-size: large;">Source: AEI Ideas</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/uploads/oil-quick-facts-005.gif" class="vc_single_image-img attachment-full" alt="#OilandGas #QuickFacts 005"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>If Texas were a country it would be one of the top 15 largest oil producers in the world, on a par with the likes of OPEC members Venezuela, Kuwait, and Nigeria.<br/> <em><span style="font-size: large;">Source: oilprice.com</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/uploads/oil-quick-facts-006.gif" class="vc_single_image-img attachment-full" alt="#OilandGas #QuickFacts 006"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>Oil was first detected in Texas in 1543 when Spanish explorers saw oil floating on the water in the Galveston Bay, near Port Arthur, Texas. The first economically significant oil discovery in Texas did not happen for another 300 years.<br/> <em><span style="font-size: large;">Source: Texas Almanac</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/uploads/oil-quick-facts-007.gif" class="vc_single_image-img attachment-full" alt="#OilandGas #QuickFacts 007"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>No discovery had as great an impact on Texas’ oil production than the discovery of oil at the Spindletop well located south of Beaumont. Spindletop brought in over 17 million barrels of oil in 1902 alone.<br/> <em><span style="font-size: large;">Source: Texas Almanac</span></em></p> </div> </div> </div></div></div></div><div class="vc_row wpb_row vc_inner row vc_row-o-equal-height vc_row-o-content-middle vc_row-flex"><div class="wpb_column vc_column_container vc_col-sm-4"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_single_image wpb_content_element vc_align_left"> <figure class="wpb_wrapper vc_figure"> <div class="vc_single_image-wrapper vc_box_border_grey"><img width="403" height="403" src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/uploads/oil-quick-facts-008.gif" class="vc_single_image-img attachment-full" alt="#OilandGas #QuickFacts 008"/></div> </figure> </div> </div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner "><div class="wpb_wrapper"> <div class="wpb_text_column wpb_content_element "> <div class="wpb_wrapper"> <p>Oil production in the Lone Star State has more than doubled in less than three years, from 1.142 million bpd in July 2010 to 2.295 million bpd in February 2013.<br/> <em><span style="font-size: large;">Source: AEI Ideas</span></em></p> </div> </div> </div></div></div></div></div></div></div><div class="wpb_column vc_column_container vc_col-sm-3"><div class="vc_column-inner "><div class="wpb_wrapper"><div class="vc_wp_custommenu wpb_content_element sidebar2"><div class="widget widget_nav_menu"><div class="menu-resources-container"><ul id="menu-resources" class="menu"><li id="menu-item-8633" class="menu-item menu-item-type-post_type menu-item-object-page current-page-ancestor current-page-parent menu-item-8633"><a href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/">Oil and Gas Education and Resources</a></li> <li id="menu-item-8634" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8634"><a href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/frequently-asked-questions/">Frequently Asked Oil and Gas Questions</a></li> <li id="menu-item-9042" class="menu-item menu-item-type-post_type menu-item-object-page current-menu-item page_item page-item-3213 current_page_item menu-item-9042"><a href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/oil-and-gas-quickfacts/">Oil and Gas Facts – #QuickFacts</a></li> <li id="menu-item-9041" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-9041"><a href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/self-directed-iras/">Self-Directed IRAs Alternative Investments</a></li> <li id="menu-item-8637" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8637"><a href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/oil-and-gas-glossary/">Oil and Gas Glossary of Terms</a></li> <li id="menu-item-8638" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8638"><a href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/og-education-resources/common-abbreviations/">Common Abbreviations</a></li> </ul></div></div></div></div></div></div></div> </div> </div> </div> <div id="footer"> <div class="container"> <div class="row"> <div class="col-md-12"> <center><p>This is not an offer to sell nor solicitation of an offer to buy any security. Such offer may only be made by a written prospectus in a jurisdiction wherein the offering is duly registered or exempt therefrom. This content is provided for informational purposes only. Nothing herein shall be construed as tax, legal, or accounting advice. Investing in oil and gas is highly speculative and could result in substantial losses. There are no guarantees that any returns will be achieved. Potential investors should consult their attorney, accountant, and financial advisors before investing in oil and gas.</p> </center> </div> </div> <div class="row" style="margin-top:20px;"> <div class="col-lg-6 col-md-6 col-sm-6"> <h3>Aresco LP</h3> <p>861 N Coleman Street, Ste. 105 Prosper, TX 75078<br> Phone: 972-992-3127 / Fax: 972-992-3137</p> </div> <div class="col-lg-6 col-md-5 col-sm-6 copyright"> <p style="text-align: right"><a href="https://web.archive.org/web/20160722120323/https://www.facebook.com/Aresco-510139499068554/" target="_blank"><img src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/facebook.png" width="32" height="32" alt="Facebook" class="social"></a><a href="https://web.archive.org/web/20160722120323/https://twitter.com/ArescoLP" target="_blank"><img src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/twitter.png" width="32" height="32" alt="Twitter" class="social"></a><a href="https://web.archive.org/web/20160722120323/https://www.linkedin.com/company/aresco-lp" target="_blank"><img src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/linked-in.png" width="32" height="32" alt="LinkedIn" class="social"></a><a href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/feed/" target="_blank"><img src="https://web.archive.org/web/20160722120323im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/rss.png" width="32" height="32" alt="RSS" class="social"></a></p> <p>© Copyright 2016 Aresco, LP. All rights reserved.<br> Site by <a href="https://web.archive.org/web/20160722120323/http://www.a3kdesign.com/" target="_blank" rel="nofollow">A3K Advertising, Inc</a><br> Admin <a href="https://web.archive.org/web/20160722120323/http://www.arescotx.com/wp-login.php">Log in</a></p> </div> </div> </div> </div> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/jquery/ui/core.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/jquery/ui/widget.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/jquery/ui/mouse.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/jquery/ui/resizable.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/jquery/ui/draggable.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/jquery/ui/button.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/jquery/ui/position.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/jquery/ui/dialog.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/wpdialog.min.js?ver=dbcf4a6c182dd9211b3ff3f297bb2922"></script> <script type="text/javascript" src="//web.archive.org/web/20160722120323js_/http://maps.googleapis.com/maps/api/js"></script> <script type="text/javascript"> /* <![CDATA[ */ var ubermenu_data = {"remove_conflicts":"on","reposition_on_load":"off","intent_delay":"300","intent_interval":"100","intent_threshold":"7","scrollto_offset":"50","scrollto_duration":"1000","responsive_breakpoint":"959","accessible":"on","retractor_display_strategy":"responsive","touch_off_close":"on","collapse_after_scroll":"on","v":"3.2.5","configurations":["main"],"ajax_url":"https:\/\/web.archive.org\/web\/20160722120323\/http:\/\/www.arescotx.com\/wp-admin\/admin-ajax.php","plugin_url":"https:\/\/web.archive.org\/web\/20160722120323\/http:\/\/www.arescotx.com\/wp-content\/plugins\/ubermenu\/"}; /* ]]> */ </script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-content/plugins/ubermenu/assets/js/ubermenu.min.js?ver=3.2.5"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-includes/js/wp-embed.min.js?ver=dbcf4a6c182dd9211b3ff3f297bb2922"></script> <script type="text/javascript" src="https://web.archive.org/web/20160722120323js_/http://www.arescotx.com/wp-content/plugins/js_composer/assets/js/dist/js_composer_front.min.js?ver=4.12"></script>    <script> window.__bp_session_timeout = '900'; window.__bp_session_freezing = 0; !function(){window.bizpanda||(window.bizpanda={}),window.bizpanda.bp_can_store_localy=function(){return!1},window.bizpanda.bp_ut_get_cookie=function(e){for(var n=e+"=",i=document.cookie.split(";"),o=0;o<i.length;o++){for(var t=i[o];" "==t.charAt(0);)t=t.substring(1);if(0==t.indexOf(n))return decodeURIComponent(t.substring(n.length,t.length))}return!1},window.bizpanda.bp_ut_set_cookie=function(e,n,i){var o=new Date;o.setTime(o.getTime()+24*i*60*60*1e3);var t="expires="+o.toUTCString();document.cookie=e+"="+encodeURIComponent(n)+"; "+t+"; path=/"},window.bizpanda.bp_ut_get_obj=function(e){var n=null;return(n=window.bizpanda.bp_can_store_localy()?window.localStorage.getItem("bp_ut_session"):window.bizpanda.bp_ut_get_cookie("bp_ut_session"))?(n=JSON.parse(n),n.started+1e3*e<(new Date).getTime()&&(n=null),n):!1},window.bizpanda.bp_ut_set_obj=function(e){e.started&&window.__bp_session_freezing||(e.started=(new Date).getTime());var e=JSON.stringify(e);window.bizpanda.bp_can_store_localy()?window.localStorage.setItem("bp_ut_session",e):window.bizpanda.bp_ut_set_cookie("bp_ut_session",e,5e3)},window.bizpanda.bp_ut_count_pageview=function(){var e=window.bizpanda.bp_ut_get_obj(window.__bp_session_timeout);e||(e={}),e.pageviews||(e.pageviews=0),0===e.pageviews&&(e.referrer=document.referrer,e.landingPage=window.location.href,e.pageviews=0),e.pageviews++,window.bizpanda.bp_ut_set_obj(e)},window.bizpanda.bp_ut_count_locker_pageview=function(){var e=window.bizpanda.bp_ut_get_obj(window.__bp_timeout);e||(e={}),e.lockerPageviews||(e.lockerPageviews=0),e.lockerPageviews++,window.bizpanda.bp_ut_set_obj(e)},window.bizpanda.bp_ut_count_pageview()}(); </script>  <script> jQuery(document).ready(function($) { $(".hint--top").tooltipster({animation: "grow",}); }); </script> </body> </html>