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Drilling Aresco's 1st Horizontal Well Targeting Woodbine Sand to Commence

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Socializer Plugin - Facebook Button --> <div class="fb-like" data-href="http://www.arescotx.com/arescos-1st-horizontal-well-targeting-woodbine-sand/" data-share="false" data-layout="button_count" data-show-faces="0" data-action="like" data-colorscheme="light"></div> <!-- End WP Socializer Plugin - Facebook Button --> </span> <span class="wpsr-btn"> <!-- Start WP Socializer Plugin - Retweet Button --> <a href="https://web.archive.org/web/20150404233504/http://twitter.com/share" class="twitter-share-button" data-count="horizontal" data-via="ArescoLP" data-lang="en" data-url="https://web.archive.org/web/20150404233504/http://www.arescotx.com/arescos-1st-horizontal-well-targeting-woodbine-sand/" data-text="Aresco’s 1st Horizontal Well Targeting Woodbine Sand - "></a> <!-- End WP Socializer Plugin - Retweet Button --> </span> <span class="wpsr-btn"> <!-- Start WP Socializer Plugin - +1 Button --> <div class="g-plusone" data-size="medium" data-href="http://www.arescotx.com/arescos-1st-horizontal-well-targeting-woodbine-sand/"></div> <!-- End WP Socializer Plugin - +1 Button --> </span> <span class="wpsr-btn"> <!-- Start WP Socializer Plugin - LinkedIn Button --> <script type="IN/Share" data-url="http://www.arescotx.com/arescos-1st-horizontal-well-targeting-woodbine-sand/" data-counter="right"></script> <!-- End WP Socializer Plugin - LinkedIn Button --> </span> <span class="wpsr-btn"> <!-- Start WP Socializer Plugin - Pinterest Button --> <div style="padding-right:50px"><a href="https://web.archive.org/web/20150404233504/http://pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.arescotx.com%2Farescos-1st-horizontal-well-targeting-woodbine-sand%2F&amp;media=http%3A%2F%2Fwww.arescotx.com%2Fwp-content%2Fuploads%2Flipscomb-county-mobil-atlas-rig.jpg" data-pin-do="buttonPin" data-pin-config="beside"><img border="0" src="//web.archive.org/web/20150404233504im_/http://assets.pinterest.com/images/pidgets/pinit_fg_en_rect_gray_20.png" alt="Pinterest" title="Pin It"/></a></div> <!-- End WP Socializer Plugin - Pinterest Button --> </span> </div><p><strong><a href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/wp-content/uploads/lipscomb-county-mobil-atlas-rig.jpg" rel="lightbox-0"><img class="alignleft size-medium wp-image-6083" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20150404233504im_/http://www.arescotx.com/wp-content/uploads/lipscomb-county-mobil-atlas-rig-300x225.jpg" alt="Horizontal Drilling Rig" width="300" height="225"/></a>Aresco LP acquires non-operated working interest position in 640-acre prospect in Leon County in the East Texas Basin; drilling on the first horizontal well targeting the Woodbine Sand due to commence early summer 2015</strong></p> <p>Aresco LP, a privately held Dallas-based exploration and production company, announced today the purchase of a significant working interest position in the Leona East Prospect in Leon County, Texas. The prospect acreage is approximately 640 contiguous acres, of which 480 acres is available for horizontal development. The first horizontal well, the Edwards Unit 1H, is targeted to commence drilling early summer 2015.<span id="more-6073"></span></p> <p>The Leona East is the sole remaining undeveloped tract of land in the Pleasant Ridge sweet spot, an area underlain by thick Woodbine sandstones. Wells in the area feature stable, high-volume, flat-flush, and low decline production.</p> <p>“The acreage is centered among the best performing Woodbine <a title="Horizontal Drilling" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/horizontal-drilling/">horizontal wells</a> in the East Texas Woodbine Play. There hasn’t been acreage available out here for quite some time. We are privileged to now become a part of the oil producing community in this historic area,” said <a title="Brandon Laxton" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/brandon-laxton/">Brandon Laxton</a>, President and CEO of Aresco LP. “Not only are we located in same producing area as two of our production partners, Halcon Resources and New Gulf, other neighboring operators include Anadarko, XTO Energy, and Apache. We are excited to add the Edwards Unit 1H to our ever-growing asset portfolio.”</p> <p>The Leona East Prospect sits within the southern portion of the East Texas salt basin, a prolific oil and gas-producing region featuring three distinct fields. The Corsicana Oil Field has produced over 44 million barrels of oil in its 100-year history. The East Texas Oil Field represents over 6 billion barrels of recoverable oil reserves. The Powell Field produced over 33 million barrels of oil from the Woodbine formation alone. The first successful <a title="Woodbine Sands" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/woodbine-sands/">Woodbine sand</a> horizontal well in the Prospect area was completed in 2010 and has, to date, produced 244,336 BO and 225,504 MDCF.</p> <p><a href="https://web.archive.org/web/20150404233504/http://www.usoilinvestments.com/" target="_blank"><img class="aligncenter wp-image-4720 size-full" src="https://web.archive.org/web/20150404233504im_/http://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil.jpg" alt="investing-in-permian-basin-oil" width="600" height="200"/></a></p> <p><strong>About Aresco LP</strong></p> <p>Aresco LP is a privately held exploration and production company actively engaged in developmental drilling, mineral leasing, and production acquisitions in conventional and unconventional oil plays throughout Texas, Oklahoma and New Mexico. The company specializes in production-driven projects designed to provide income stability and strong growth potential. Aresco&#8217;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> <div class="nextpages"></div> <p><b><a href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/our-office-will-be-closed-friday-april-3rd/">previous post: Our office will be closed Friday, April 3rd</a></b></p> <p><b></b></p> </div><!-- end content --> <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/20150404233504/http://www.arescotx.com/arescos-1st-horizontal-well-targeting-woodbine-sand/">Aresco&#8217;s 1st Horizontal Well Targeting Woodbine Sand</a> </li> <li> <a href="https://web.archive.org/web/20150404233504/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/20150404233504/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/20150404233504/http://www.arescotx.com/permian-basin-drilling/">Permian Basin Drilling</a> </li> <li> <a href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/office-closed-march-5th/">Office Closed &#8211; 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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/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/20150404233504/http://www.arescotx.com/tag/gas-to-liquids/" style="font-size:10px" title="1 topic">Gas to Liquids</a> <a class="tag-link-34 utcw-tag utcw-tag-horizontal-drilling" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/horizontal-drilling/" style="font-size:17.2px" title="10 topics">Horizontal Drilling</a> <a class="tag-link-8 utcw-tag utcw-tag-hydraulic-fracturing" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/hydraulic-fracturing/" style="font-size:22.8px" title="17 topics">Hydraulic Fracturing</a> <a class="tag-link-67 utcw-tag utcw-tag-international-energy-agency" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/international-energy-agency/" style="font-size:10px" title="1 topic">International Energy Agency</a> <a class="tag-link-29 utcw-tag utcw-tag-investing-in-texas-oil" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/investing-in-texas-oil/" style="font-size:12.4px" title="4 topics">Investing in Texas Oil</a> <a class="tag-link-4 utcw-tag utcw-tag-keystone-pipeline" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/keystone-pipeline/" style="font-size:10.8px" title="2 topics">Keystone Pipeline</a> <a class="tag-link-49 utcw-tag utcw-tag-mexico-eagle-ford" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/mexico-eagle-ford/" style="font-size:11.6px" title="3 topics">Mexico Eagle Ford</a> <a class="tag-link-45 utcw-tag utcw-tag-mexico-national-hydrocarbons-commission" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/mexico-national-hydrocarbons-commission/" style="font-size:10px" title="1 topic">Mexico National Hydrocarbons Commission</a> <a class="tag-link-18 utcw-tag utcw-tag-natural-gas-production" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/natural-gas-production/" style="font-size:12.4px" title="4 topics">Natural Gas Production</a> <a class="tag-link-62 utcw-tag utcw-tag-noodle-canyon" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/noodle-canyon/" style="font-size:10px" title="1 topic">Noodle Canyon</a> <a class="tag-link-13 utcw-tag utcw-tag-oil-and-gas-investing" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/oil-and-gas-investing/" style="font-size:18px" title="11 topics">Oil and Gas Investing</a> <a class="tag-link-19 utcw-tag utcw-tag-oil-exploration" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/oil-exploration/" style="font-size:14px" title="6 topics">Oil Exploration</a> <a class="tag-link-17 utcw-tag utcw-tag-oil-production" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/oil-production/" style="font-size:21.2px" title="15 topics">Oil Production</a> <a class="tag-link-32 utcw-tag utcw-tag-opec" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/opec/" style="font-size:13.2px" title="5 topics">OPEC</a> <a class="tag-link-44 utcw-tag utcw-tag-pemex" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/pemex/" style="font-size:10.8px" title="2 topics">Pemex</a> <a class="tag-link-11 utcw-tag utcw-tag-permian-basin" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/permian-basin/" style="font-size:30px" title="26 topics">Permian Basin</a> <a class="tag-link-57 utcw-tag utcw-tag-shale-oil" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/shale-oil/" style="font-size:10px" title="1 topic">Shale Oil</a> <a class="tag-link-38 utcw-tag utcw-tag-sweet-crude-oil" href="https://web.archive.org/web/20150404233504/http://www.arescotx.com/tag/sweet-crude-oil/" style="font-size:10.8px" title="2 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