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drilling rigs and one quarter of drilling rigs worldwide.</span> <span id='quoteauthor'>Source: AEI Ideas</span>", "<span id='quote'>Oil production in the Lone Star State has more than doubled in less than three years, from 1.142 million barrels of oil per day (BOPD) in July 2010 to 2.295 million BOPD in February 2013.</span> <span id='quoteauthor'>Source: AEI Ideas</span>", "<span id='quote'>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.</span> <span id='quoteauthor'>Source: AEI Ideas</span>", "<span id='quote'>In mid-2009, Texas was producing less than 20% of America’s domestic crude oil. 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ss-nav-menu-item-7 ss-nav-menu-item-depth-0 ss-nav-menu-reg"><a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/contact-us/"><span class="wpmega-link-title">Contact</span></a></li></ul></div></div> <div class="sidebarYellow"> </div> <div class="sidebarWhite"> <div class="text"> <div id="content">   <div class="entry"><h1><a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/bradley-winton-joins-aresco-as-vp-of-exploration/">Bradley Winton Joins Aresco as VP of Exploration!</a></h1> <p style="font-size:11px;margin-top:-20px;">Thursday, February 19th, 2015 and is filed under <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a></p> <p><strong><a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/wp-content/uploads/bradley-winton.jpg" rel="lightbox-0"><img class="alignleft size-medium wp-image-5588" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20150405034309im_/http://www.arescotx.com/wp-content/uploads/bradley-winton-300x300.jpg" alt="Bradley Winton, VP of Exploration" width="300" height="300"/></a>Bradley G. Winton joins Aresco LP, a privately held oil and gas exploration and production company, as Vice President of Exploration</strong></p> <p>(Dallas, Texas) –– Aresco LP, a Dallas-based energy exploration and production company, today announced Bradley G. Winton has joined the company as Vice President of Exploration. Winton will lead the company’s domestic acquisition and divestiture efforts, providing complete prospect appraisals, including geologic modeling, log analysis, seismic interpretation and economic analysis, to help identify and evaluate prospect opportunities. In addition, Mr. Winton will oversee Aresco’s growing portfolio of producing assets in the <a title="Permian Basin" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/permian-basin/">Permian Basin</a>, <a title="Eagle Ford Shale" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/eagle-ford-shale/">Eagle Ford Shale</a>, <a title="Anadarko Basin" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/anadarko-basin/">Anadarko Basin</a>, and <a title="Woodbine Sands" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/woodbine-sands/">Woodbine/Eaglebine</a> section of east Texas. <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/bradley-winton-joins-aresco-as-vp-of-exploration/#more-5587" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/permian-basin-oil-well-photos/">Permian Basin Oil Well Photos</a></h1> <p style="font-size:11px;margin-top:-20px;">Wednesday, November 12th, 2014 and is filed under <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a>, <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/texas-oil-and-gas-investing/" rel="category tag">Texas Oil and Gas Investing</a></p> <p>Just in case you don’t know a lot about the oil rig setup and drilling process, it is quite an operation. It can take anywhere from fifteen to twenty semi-truck loads just to deliver all rig components to the location. Here are a few photos to give you an up-close look at our Permian Basin oil project at Noodle Canyon. This oil well is in Jones County which is on the eastern edge of the Permian Basin shale area. <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/permian-basin-oil-well-photos/#more-4964" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/permian-basin-canyon-sandstone-project-begins/">Permian Basin Canyon Sandstone Project Begins</a></h1> <p style="font-size:11px;margin-top:-20px;">Tuesday, October 7th, 2014 and is filed under <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a>, <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/texas-oil-and-gas-investing/" rel="category tag">Texas Oil and Gas Investing</a>, <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <h3>Aresco LP begins Permian Basin field-extension project targeting the Canyon Sandstone</h3> <p><a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/permian-basin-canyon-sandstone-project-begins/permian-basin-canyon-sandstone/" target="_blank" rel="attachment wp-att-4699"><img class="alignleft wp-image-4699 size-medium" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20150405034309im_/http://www.arescotx.com/wp-content/uploads/permian-basin-canyon-sandstone-225x300.jpg" alt="Permian Basin Canyon Sandstone Project" width="225" height="300"/></a>(Dallas, Texas) –– Aresco LP, a privately held exploration and production company, today announced drilling has begun on the Noodle Canyon #1-H in Jones County, Texas. The 4,500’ vertical development project targets the <a title="Canyon Sandstone" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/canyon-sandstone/">Canyon Sandstone</a>, a conventional stacked play featuring five intervals along with three other potential pay zones.</p> <p>“The <a title="Noodle Canyon" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/noodle-canyon/">Noodle Canyon</a> #1 is just one of several conventional projects underway for us in Texas,” said <a title="Brandon Laxton" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/brandon-laxton/">Brandon Laxton</a>, President and CEO of Aresco LP. “While unconventional exploration may get all the headlines, we are finding success exploiting conventional fields with years of proven production, which helps manage the exploration risk for our operating and capital partners. We benefit from the decades of production and decline curve data available in the area and increase our overall potential with the addition of modern efficiencies in drilling and completion.” <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/permian-basin-canyon-sandstone-project-begins/#more-4696" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/eagle-ford-shale-production-shattering-records-in-texas/">Eagle Ford Shale Production Shattering Records in Texas</a></h1> <p style="font-size:11px;margin-top:-20px;">Monday, March 3rd, 2014 and is filed under <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a></p> <p>The <span style="font-size: medium;"><strong>Eagle Ford Shale</strong></span> of south Texas is pushing the state closer to the world’s top oil producer spot. In fact Texas has already passed Mexico and Iraq to become the eighth biggest oil producer in the world. Though we still don’t know just how much the Eagle Ford is capable of producing, it is clear that production in the <strong>Eagle Ford Shale</strong>, and other regions like it, are putting the United States on the path to energy independence. <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/eagle-ford-shale-production-shattering-records-in-texas/#more-3533" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/us-crude-oil-production-forecasts-strong-growth-through-2015/">US Crude Oil Production Forecasts Strong Growth Through 2015</a></h1> <p style="font-size:11px;margin-top:-20px;">Wednesday, January 29th, 2014 and is filed under <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a></p> <p><a title="US Crude Oil Production Chart" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/wp-content/uploads/us-crude-oil-production-chart.png" target="_blank" rel="lightbox-0"><img class="alignleft size-full wp-image-3429" style="border: 0px none; margin: 5px 10px;" alt="US Crude Oil Production Chart" src="https://web.archive.org/web/20150405034309im_/http://www.arescotx.com/wp-content/uploads/us-crude-oil-production-chart.png" width="336" height="224"/></a>Strong growth in U.S. crude oil production, primarily attributable to growing volumes of light crude oil produced from onshore tight oil formations, has reshaped global oil markets in recent years. EIA expects this growth trend to continue for the next two years, as forecast in this month’s Short-Term Energy Outlook (STEO).</p> <p>EIA estimates that U.S. crude oil production averaged 7.5 million barrels per day (bbl/d) in 2013, the highest annual average rate of production since 1989, and a 1.0-million-bbl/d increase from 2012 (Figure 1). In the January STEO, which extends the forecast period through 2015, EIA expects continued strong production growth. EIA projects crude oil production to average 8.5 million bbl/d in 2014 and 9.3 million bbl/d in 2015, which would be the highest annual rate of crude oil production since 1972. The record highest annual average crude oil production was 9.6 million bbl/d in 1970. <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/us-crude-oil-production-forecasts-strong-growth-through-2015/#more-3428" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/permian-basin-brings-over-a-billion-barrels-of-oil-opportunity/">Permian Basin Brings Over a Billion Barrels of Oil Opportunity</a></h1> <p style="font-size:11px;margin-top:-20px;">Wednesday, November 6th, 2013 and is filed under <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/category/texas-oil-and-gas-investing/" rel="category tag">Texas Oil and Gas Investing</a></p> <p><a title="Permian Basin Oil" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/wp-content/uploads/permian-basin-shale-oil.jpg" target="_blank" rel="lightbox-0"><img class="alignleft size-full wp-image-3039" style="border: 0px none; margin: 5px 10px;" alt="Permian Basin Shale Oil" src="https://web.archive.org/web/20150405034309im_/http://www.arescotx.com/wp-content/uploads/permian-basin-shale-oil.jpg" width="225" height="225"/></a>The Permian Basin in West Texas is truly a story of the Phoenix rising from the ashes. Since its discovery, the oil-rich region has had its ups and downs, with activity sloping downward through the 1960s and early 1970s, reviving with higher oil prices in the late 1970s and 1980s, dwindling again in the 1990s and then roaring back in the 2000s. Now there is a growing consensus that the region may hold much more oil than was ever estimated in the past. <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/permian-basin-brings-over-a-billion-barrels-of-oil-opportunity/#more-3104" class="more-link">Read More</a></p> </div>  </div> <div id="sidebar"> <div id="flags" class="size"><ul id="sortable" class="ui-sortable" style="float:left"><li id="English"><a title="English" class="notranslate flag en"></a></li></ul></div><div id="google_language_translator"></div> <p class="titles">Recent News</p> <ul> <li> <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/arescos-1st-horizontal-well-targeting-woodbine-sand/">Aresco’s 1st Horizontal Well Targeting Woodbine Sand</a> </li> <li> <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/our-office-will-be-closed-friday-april-3rd/">Our office will be closed Friday, April 3rd</a> </li> <li> <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/aresco-vp-supporting-homes-for-our-troops/">Aresco VP Supporting Homes for Our Troops</a> </li> <li> <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/permian-basin-drilling/">Permian Basin Drilling</a> </li> <li> <a href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/office-closed-march-5th/">Office Closed – March 5th</a> </li> </ul> <style scoped type="text/css">.utcw-b1fq2ep {word-wrap:break-word}.utcw-b1fq2ep span,.utcw-b1fq2ep a{border-width:0px}.utcw-b1fq2ep span:hover,.utcw-b1fq2ep a:hover{border-width:0px}</style><p class="titles">Tag Cloud</p><div class="utcw-b1fq2ep tagcloud"><a class="tag-link-54 utcw-tag utcw-tag-anadarko-basin" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/anadarko-basin/" style="font-size:10.8px" title="2 topics">Anadarko Basin</a> <a class="tag-link-43 utcw-tag utcw-tag-bakken-shale" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/bakken-shale/" style="font-size:13.2px" title="5 topics">Bakken Shale</a> <a class="tag-link-35 utcw-tag utcw-tag-barnett-shale" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/barnett-shale/" style="font-size:11.6px" title="3 topics">Barnett Shale</a> <a class="tag-link-68 utcw-tag utcw-tag-bradley-winton" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/bradley-winton/" style="font-size:10.8px" title="2 topics">Bradley Winton</a> <a class="tag-link-20 utcw-tag utcw-tag-brandon-laxton" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/brandon-laxton/" style="font-size:12.4px" title="4 topics">Brandon Laxton</a> <a class="tag-link-46 utcw-tag utcw-tag-brazos-basin" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/brazos-basin/" style="font-size:10.8px" title="2 topics">Brazos Basin</a> <a class="tag-link-63 utcw-tag utcw-tag-bridgetex-pipeline" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/bridgetex-pipeline/" style="font-size:10px" title="1 topic">BridgeTex Pipeline</a> <a class="tag-link-61 utcw-tag utcw-tag-canyon-sandstone" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/canyon-sandstone/" style="font-size:10.8px" title="2 topics">Canyon Sandstone</a> <a class="tag-link-51 utcw-tag utcw-tag-corpus-christi" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/corpus-christi/" style="font-size:10px" title="1 topic">Corpus Christi</a> <a class="tag-link-7 utcw-tag utcw-tag-crude-oil-prices" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/crude-oil-prices/" style="font-size:13.2px" title="5 topics">Crude Oil Prices</a> <a class="tag-link-39 utcw-tag utcw-tag-domestic-oil-production" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/domestic-oil-production/" style="font-size:13.2px" title="5 topics">Domestic Oil Production</a> <a class="tag-link-5 utcw-tag utcw-tag-drilling-technology" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/drilling-technology/" style="font-size:18px" title="11 topics">Drilling Technology</a> <a class="tag-link-10 utcw-tag utcw-tag-eagle-ford-shale" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/eagle-ford-shale/" style="font-size:26px" title="21 topics">Eagle Ford Shale</a> <a class="tag-link-33 utcw-tag utcw-tag-eagle-ford-shale-production" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/eagle-ford-shale-production/" style="font-size:12.4px" title="4 topics">Eagle Ford Shale Production</a> <a class="tag-link-16 utcw-tag utcw-tag-energy-information-administration-eia" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/energy-information-administration-eia/" style="font-size:14px" title="6 topics">Energy Information Administration (EIA)</a> <a class="tag-link-36 utcw-tag utcw-tag-energy-production" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/energy-production/" style="font-size:10.8px" title="2 topics">Energy Production</a> <a class="tag-link-42 utcw-tag utcw-tag-fracking" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/fracking/" style="font-size:13.2px" title="5 topics">Fracking</a> <a class="tag-link-30 utcw-tag utcw-tag-gas-prices" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/gas-prices/" style="font-size:10.8px" title="2 topics">Gas Prices</a> <a class="tag-link-58 utcw-tag utcw-tag-gas-to-liquids" href="https://web.archive.org/web/20150405034309/http://www.arescotx.com/tag/gas-to-liquids/" style="font-size:10px" title="1 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