<?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, 29 Sep 2017 18:11:52 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <item> <title>Meeting Global Oil Demand Despite Hurricane Harvey</title> <link>http://www.arescotx.com/meeting-global-oil-demand-despite-hurricane-harvey/</link> <pubDate>Tue, 26 Sep 2017 04:00:34 +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[Oil and Gas Interesting Facts]]></category> <category><![CDATA[Permian Basin Oil News]]></category> <category><![CDATA[Texas Oil and Gas Investing]]></category> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Corpus Christi]]></category> <category><![CDATA[Domestic Oil Production]]></category> <category><![CDATA[Eagle Ford Shale]]></category> <category><![CDATA[Eagle Ford Shale Production]]></category> <category><![CDATA[Energy Investing]]></category> <category><![CDATA[Hurricane Harvey]]></category> <category><![CDATA[Investing in Texas Oil]]></category> <category><![CDATA[Oil and Gas Investing]]></category> <category><![CDATA[Oil Production]]></category> <category><![CDATA[OPEC]]></category> <category><![CDATA[Permian Basin]]></category> <category><![CDATA[Shale Oil]]></category> <category><![CDATA[Shale Production]]></category> <category><![CDATA[Texas Oil Production]]></category> <category><![CDATA[U.S. Oil Production]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=16310</guid> <description><![CDATA[The International Energy Agency (IEA) reported a sharp increase in the demand ... ]]></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/meeting-global-oil-demand-despite-hurricane-harvey/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Meeting Global Oil Demand Despite Hurricane Harvey&url=http://www.arescotx.com/meeting-global-oil-demand-despite-hurricane-harvey/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/meeting-global-oil-demand-despite-hurricane-harvey/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.digg.com/submit?url=http://www.arescotx.com/meeting-global-oil-demand-despite-hurricane-harvey/" target="_blank" title="Share to Digg" class="s3-digg hint--top"></a><a href="http://reddit.com/submit?url=http://www.arescotx.com/meeting-global-oil-demand-despite-hurricane-harvey/&title=Meeting Global Oil Demand Despite Hurricane Harvey" target="_blank" title="Share to Reddit" class="s3-reddit hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/meeting-global-oil-demand-despite-hurricane-harvey/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><a href="http://www.stumbleupon.com/submit?url=http://www.arescotx.com/meeting-global-oil-demand-despite-hurricane-harvey/&title=Meeting Global Oil Demand Despite Hurricane Harvey" target="_blank" title="Share to StumbleUpon" class="s3-stumbleupon hint--top"></a><a href="http://www.tumblr.com/share/link?url=http%3A%2F%2Fwww.arescotx.com%2Fmeeting-global-oil-demand-despite-hurricane-harvey%2F&name=Meeting+Global+Oil+Demand+Despite+Hurricane+Harvey" target="_blank" title="Share to Tumblr" class="s3-tumblr 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=Meeting%20Global%20Oil%20Demand%20Despite%20Hurricane%20Harvey&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/meeting-global-oil-demand-despite-hurricane-harvey/" title="Email this article" class="s3-email hint--top"></a></div><p><a href="http://www.arescotx.com/wp-content/uploads/hurricane-harvey-houston-flooding-85743219_s.jpg" data-rel="lightbox-0" title=""><img class="alignleft wp-image-16313" src="http://www.arescotx.com/wp-content/uploads/hurricane-harvey-houston-flooding-85743219_s.jpg" alt="Hurricane Harvey Houston Flooding" width="375" height="250" srcset="http://www.arescotx.com/wp-content/uploads/hurricane-harvey-houston-flooding-85743219_s.jpg 450w, http://www.arescotx.com/wp-content/uploads/hurricane-harvey-houston-flooding-85743219_s-300x200.jpg 300w" sizes="(max-width: 375px) 100vw, 375px" /></a>The <a href="https://www.iea.org/oilmarketreport/omrpublic/" target="_blank">International Energy Agency</a> (IEA) reported a sharp increase in the demand for oil in the second quarter of 2017 with growth at 2.4 percent or 2.3 million barrels per day. The agency&#8217;s 2017 growth estimate has been revised upwards to 1.6 million barrels per day. The IEA is predicting the growth will continue into 2018 at the rate of 1.4 percent.<span id="more-16310"></span></p> <p>Neil Atkinson, head of the IEA&#8217;s oil industry and markets division, indicated that a rebalancing of the market is underway as demand is &#8220;pretty robust&#8221;. This optimistic prediction comes as global oil supplies decreased in August. The reduction in supply was caused by multilateral measures to reduce excess stock in addition to unplanned outages caused by Hurricane Harvey.</p> <p>U.S. <a href="http://www.arescotx.com/tag/oil-production/">crude production</a> was temporarily disrupted by about 800,000 barrels per day in the aftermath of <a href="http://www.arescotx.com/tag/hurricane-harvey/">Hurricane Harvey</a> primarily in the <a href="http://www.arescotx.com/tag/eagle-ford-shale/">Texas Eagle Ford Shale</a> area. According to <a href="http://www.arescotx.com/tag/opec/">OPEC</a>&#8216;s <a href="http://www.opec.org/opec_web/en/publications/338.htm" target="_blank">Monthly Oil Market Report</a>, &#8220;existing high stock levels and the restart of refineries and pipelines after Harvey allowed gasoline futures prices to quickly return to previous levels and the shortfall of U.S. products exports to nearby destinations has been accommodated by cargoes from other regions.&#8221; Harvey impacted the NYMEX WTI values showing a slip from 5 percent from the previous week to $45.96 per barrel. This slip can be attributed to the fact that lasting damage to offshore facilities was not expected. Also, the U.S. supply is less vulnerable to storms with the development of the U.S. <a href="http://www.arescotx.com/tag/shale-production/">shale industry</a>.</p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-7301" src="http://www.arescotx.com/wp-content/uploads/oil-investment-opportunities.png" alt="Oil &amp; Gas Investment Opportunities in Texas, the Gulf Coast, and Beyond" width="693" height="200" srcset="http://www.arescotx.com/wp-content/uploads/oil-investment-opportunities.png 693w, http://www.arescotx.com/wp-content/uploads/oil-investment-opportunities-300x87.png 300w" sizes="(max-width: 693px) 100vw, 693px" /></a></p> <p>In the wake of Harvey, oil producers have been dealing with disruptions in shipping, pipeline operations and refining along the Gulf Coast. <a href="http://www.mysanantonio.com/business/eagle-ford-energy/article/Eagle-Ford-shale-production-slowly-comes-back-12178406.php" target="_blank">Mysanantonio.com</a> reported that even if the usual amount of oil was pumped, refiners weren&#8217;t buying it. Several refineries from <a href="http://www.arescotx.com/tag/corpus-christi/">Corpus Christi</a> to Port Arthur were shut down for several days following Hurricane Harvey. However, the Eagle Ford area was able to bounce back quickly after the extreme weather. EOG Resources, the largest oil producer in the Eagle Ford, expects its oil production to drop slightly by roughly 15,000 barrels for that quarter. The company, however, expects to offset that drop by adjusting its drilling schedule, making the prediction that it could produce the 332,000 to 338,000 barrels it had expected to produce pre-storm. <a href="http://news.ihsmarkit.com/press-release/energy-power-media/ihs-markit-hurricane-harvey-update-september-6-2017" target="_blank">IHS Market</a> stated that in the wake of Hurricane Harvey, key Eagle Ford operators are reporting a quick ramp up in production nearly reaching pre-storm levels. Indications were good that production would continue to increase as there had been no reports of damage to crude-producing operations as personnel were completing inspections and resuming operations.</p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-4941" src="http://www.arescotx.com/wp-content/uploads/oil-investing-tax-shelter.png" alt="Oil Investing Opportunities" width="693" height="200" srcset="http://www.arescotx.com/wp-content/uploads/oil-investing-tax-shelter.png 693w, http://www.arescotx.com/wp-content/uploads/oil-investing-tax-shelter-300x86.png 300w" sizes="(max-width: 693px) 100vw, 693px" /></a></p> <p><a href="http://www.arescotx.com/wp-content/uploads/texas-strong-85259739_s.jpg" data-rel="lightbox-1" title=""><img class="alignright wp-image-16314" src="http://www.arescotx.com/wp-content/uploads/texas-strong-85259739_s.jpg" alt="Texas Strong - #TexasStrong" width="400" height="400" srcset="http://www.arescotx.com/wp-content/uploads/texas-strong-85259739_s.jpg 450w, http://www.arescotx.com/wp-content/uploads/texas-strong-85259739_s-300x300.jpg 300w" sizes="(max-width: 400px) 100vw, 400px" /></a>Although operators in the Eagle Ford have recovered remarkably well after Harvey and production is on track, it should be noted that the <a href="http://www.arescotx.com/tag/permian-basin/">Permian Basin</a> area can easily provide enough oil for increased demand. The <a href="https://www.eia.gov/todayinenergy/detail.php?id=7030" target="_blank">Energy Information Administration</a> describes the Permian Basin area as a long-time oil and natural gas producing region in west Texas and eastern New Mexico. Oil production in the Permian Basin continues to increase making it a reliable source even if Eagle Ford producers are unable to keep up with demand.</p> <p>Texas leads the way when it comes to oil production and associated technologies. The oil producers of Texas consistently develop new and innovative technologies in oil production that are recognized worldwide. Therefore, it is no surprise that these same oil producers have found a way to bounce back and resume operations after Hurricane Harvey and many are optimistic that production levels will reach pre-storm levels in the very near future. Although Texas was hit hard by Harvey and is still dealing with the aftermath, it has proven its ability to bounce back quickly after such a hard blow, illustrating what is meant by the saying, &#8220;Texas Strong.&#8221;</p> ]]></content:encoded> </item> <item> <title>US a Net Exporter of Oil by 2023 Says S&#038;P Global Platts</title> <link>http://www.arescotx.com/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/</link> <pubDate>Tue, 19 Sep 2017 13:35:25 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Oil and Gas Interesting Facts]]></category> <category><![CDATA[Permian Basin Oil News]]></category> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Crude Oil]]></category> <category><![CDATA[Crude Oil Export Ban]]></category> <category><![CDATA[Crude Oil Exports]]></category> <category><![CDATA[Crude Oil Prices]]></category> <category><![CDATA[Domestic Oil Production]]></category> <category><![CDATA[Oil Production]]></category> <category><![CDATA[OPEC]]></category> <category><![CDATA[Permian Basin]]></category> <category><![CDATA[Shale Liquids]]></category> <category><![CDATA[Shale Production]]></category> <category><![CDATA[Texas Oil Production]]></category> <category><![CDATA[U.S. Oil Production]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=16246</guid> <description><![CDATA[The PIRA Energy Group predicts the U.S. will be a net exporter ... ]]></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/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=US a Net Exporter of Oil by 2023 Says S&#038;P Global Platts&url=http://www.arescotx.com/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.digg.com/submit?url=http://www.arescotx.com/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/" target="_blank" title="Share to Digg" class="s3-digg hint--top"></a><a href="http://reddit.com/submit?url=http://www.arescotx.com/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/&title=US a Net Exporter of Oil by 2023 Says S&#038;P Global Platts" target="_blank" title="Share to Reddit" class="s3-reddit hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><a href="http://www.stumbleupon.com/submit?url=http://www.arescotx.com/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/&title=US a Net Exporter of Oil by 2023 Says S&#038;P Global Platts" target="_blank" title="Share to StumbleUpon" class="s3-stumbleupon hint--top"></a><a href="http://www.tumblr.com/share/link?url=http%3A%2F%2Fwww.arescotx.com%2Fus-a-net-exporter-of-oil-by-2023-says-sp-global-platts%2F&name=US+a+Net+Exporter+of+Oil+by+2023+Says+S%26%23038%3BP+Global+Platts" target="_blank" title="Share to Tumblr" class="s3-tumblr 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=US%20a%20Net%20Exporter%20of%20Oil%20by%202023%20Says%20S&#038;P%20Global%20Platts&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/" title="Email this article" class="s3-email hint--top"></a></div><p><a href="http://www.arescotx.com/wp-content/uploads/oil-exports-10926629_s.jpg" data-rel="lightbox-0" title=""><img class="alignleft wp-image-16247" src="http://www.arescotx.com/wp-content/uploads/oil-exports-10926629_s.jpg" alt="U.S. to be a Net Exporter of Oil by 2023" width="375" height="250" srcset="http://www.arescotx.com/wp-content/uploads/oil-exports-10926629_s.jpg 450w, http://www.arescotx.com/wp-content/uploads/oil-exports-10926629_s-300x200.jpg 300w" sizes="(max-width: 375px) 100vw, 375px" /></a>The <a href="https://www.pira.com/" target="_blank">PIRA Energy Group</a> predicts the U.S. will be a net exporter of oil by the year 2023. If this prediction comes true, it could quite possibly change the landscape of the global oil market.</p> <p>According to the latest S&amp;P Global Platts PIRA Energy August special report, the U.S. is set to become a net oil exporter due to the increase in <a href="http://www.arescotx.com/tag/shale-liquids/">shale liquids</a> output. The <a href="http://www.arescotx.com/tag/permian-basin/">Permian Basin</a> is leading the way in this increase of crude production and is the top producing area in the United States.</p> <p>The <a href="http://www.ogj.com/articles/2017/09/pira-us-to-be-net-oil-exporter-by-2023.html" target="_blank">Oil and Gas Journal</a> states &#8220;that net oil imports (total liquids supply minus oil demand) peaked in 2005 at 12.5 million barrels per day and will fall down to 4.4 million barrels per day this year. During the same period, U.S. liquids production increased by 87 percent to 15.6 million barrels per day.&#8221;</p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-4787" 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> <p>According to an article published by <a href="https://www.neweurope.eu/article/us-set-become-net-oil-exporter-2023/" target="_blank">New Europe</a>, PIRA&#8217;s 2017 forecast suggests the U.S. will also be a net exporter of 900,000 barrels per day of the four major refined products that include gasoline, diesel, jet fuel and kerosene. Additionally, higher <a href="http://www.arescotx.com/tag/shale-production/">shale production</a> results in the growth of NGL (Natural Gas Liquids) exports.</p> <p>As a net exporter of oil, the U.S. will undoubtedly have greater influence on <a href="http://www.arescotx.com/tag/crude-oil-prices/">crude oil prices</a>, thus reducing the power of <a href="http://www.arescotx.com/tag/opec/">OPEC</a> countries and their ability to manipulate crude prices at will. This could possibly usher in a new age in the global oil market where OPEC is no longer the only game in town.</p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-5412" 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><span style="color: #ff0000;"><strong>RELATED &gt;&gt;</strong></span> <a href="http://www.arescotx.com/permian-crude-fuels-oil-exports-from-corpus-christi-houston/">Permian Crude Fuels Oil Exports from Corpus Christi &amp; Houston</a></p> <p><strong><span style="color: #ff0000;">RELATED &gt;&gt;</span></strong> <a href="http://www.arescotx.com/us-crude-exports-in-2017-could-exceed-some-opec-nations/">US Crude Exports in 2017 Could Exceed Some OPEC Nations</a></p> <p><span style="color: #ff0000;"><strong>RELATED &gt;&gt;</strong></span> <a href="http://www.arescotx.com/us-oil-exports-on-the-rise/">US Oil Exports on the Rise</a></p> <p><span style="color: #ff0000;"><strong>RELATED &gt;&gt;</strong></span> <a href="http://www.arescotx.com/permian-basin-scores-with-lifting-of-crude-oil-export-ban/">Permian Basin Scores with Lifting of Crude Oil Export Ban</a></p> ]]></content:encoded> </item> <item> <title>Permian Crude Fuels Oil Exports from Corpus Christi &#038; Houston</title> <link>http://www.arescotx.com/permian-crude-fuels-oil-exports-from-corpus-christi-houston/</link> <pubDate>Tue, 05 Sep 2017 21:00:20 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Oil and Gas Interesting Facts]]></category> <category><![CDATA[Permian Basin Oil News]]></category> <category><![CDATA[Texas Oil and Gas Investing]]></category> <category><![CDATA[Crude Oil]]></category> <category><![CDATA[Crude Oil Exports]]></category> <category><![CDATA[Crude Oil Prices]]></category> <category><![CDATA[Domestic Oil Production]]></category> <category><![CDATA[Eagle Ford Shale]]></category> <category><![CDATA[Eagle Ford Shale Production]]></category> <category><![CDATA[Investing in Texas Oil]]></category> <category><![CDATA[Oil Production]]></category> <category><![CDATA[Permian Basin]]></category> <category><![CDATA[Ryan Sitton]]></category> <category><![CDATA[Sweet Crude Oil]]></category> <category><![CDATA[Texas Oil Production]]></category> <category><![CDATA[Texas Railroad Commission]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=16071</guid> <description><![CDATA[Global crude markets are hungry for West Texas Intermediate crude oil coming ... ]]></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-crude-fuels-oil-exports-from-corpus-christi-houston/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Permian Crude Fuels Oil Exports from Corpus Christi &#038; Houston&url=http://www.arescotx.com/permian-crude-fuels-oil-exports-from-corpus-christi-houston/" 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-crude-fuels-oil-exports-from-corpus-christi-houston/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.digg.com/submit?url=http://www.arescotx.com/permian-crude-fuels-oil-exports-from-corpus-christi-houston/" target="_blank" title="Share to Digg" class="s3-digg hint--top"></a><a href="http://reddit.com/submit?url=http://www.arescotx.com/permian-crude-fuels-oil-exports-from-corpus-christi-houston/&title=Permian Crude Fuels Oil Exports from Corpus Christi &#038; Houston" target="_blank" title="Share to Reddit" class="s3-reddit hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/permian-crude-fuels-oil-exports-from-corpus-christi-houston/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><a href="http://www.stumbleupon.com/submit?url=http://www.arescotx.com/permian-crude-fuels-oil-exports-from-corpus-christi-houston/&title=Permian Crude Fuels Oil Exports from Corpus Christi &#038; Houston" target="_blank" title="Share to StumbleUpon" class="s3-stumbleupon hint--top"></a><a href="http://www.tumblr.com/share/link?url=http%3A%2F%2Fwww.arescotx.com%2Fpermian-crude-fuels-oil-exports-from-corpus-christi-houston%2F&name=Permian+Crude+Fuels+Oil+Exports+from+Corpus+Christi+%26%23038%3B+Houston" target="_blank" title="Share to Tumblr" class="s3-tumblr 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%20Crude%20Fuels%20Oil%20Exports%20from%20Corpus%20Christi%20&#038;%20Houston&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/permian-crude-fuels-oil-exports-from-corpus-christi-houston/" title="Email this article" class="s3-email hint--top"></a></div><p><a href="http://www.arescotx.com/wp-content/uploads/corpus-christi-port-3807734_s.jpg" data-rel="lightbox-0" title=""><img class="alignleft wp-image-16072 size-medium" src="http://www.arescotx.com/wp-content/uploads/corpus-christi-port-3807734_s-300x201.jpg" alt="Port of Corpus Christi, Texas" width="300" height="201" srcset="http://www.arescotx.com/wp-content/uploads/corpus-christi-port-3807734_s-300x201.jpg 300w, http://www.arescotx.com/wp-content/uploads/corpus-christi-port-3807734_s.jpg 450w" sizes="(max-width: 300px) 100vw, 300px" /></a>Global crude markets are hungry for West Texas Intermediate crude oil coming out of the Permian Basin, and this is good news for the economies of Houston and Corpus Christi.<span id="more-16071"></span></p> <p>The Corpus Christi ship channel is undergoing some major improvements in preparation of expected increases in oil exports from the Port of Corpus Christi and also to accommodate the larger super-tankers in use today. Texas Railroad Commissioner, <a href="http://www.arescotx.com/tag/ryan-sitton/">Ryan Sitton</a>, expects oil exports from the Port of Corpus Christi alone to rise from one million barrels per day to <a href="http://www.kiiitv.com/news/local/texas-railroad-commissioner-predicts-rise-in-price-of-oil/464955650" target="_blank">three million barrels per day</a>.</p> <p><iframe style="border-width: 0;" src="http://interactive.tegna-media.com/video/embed/embed.html?id=2692245&amp;type=video&amp;title=Texas Railroad Commissioner talks Port business &amp;site=503&amp;playerid=6918249996581&amp;dfpid=32805352&amp;dfpposition=Video_prestream_external§ion=home" width="640" height="360"></iframe></p> <p>Speaking during a tour of the Corpus Christi port and channel Sitton said, &#8220;Fifty-percent of the growth is going to come from Asia, so we&#8217;ve got to get our products to Asia.&#8221; Sitton went on to add, &#8221; The Port of Corpus Christi is going to play a vital role in that. Not only because it&#8217;s already a big liquid export facility, but because the geography where we are enables ease of construction of pipelines to bring products into this port.&#8221;</p> <p>&#8220;We&#8217;re talking about going from a million barrels of crude oil a day to three million barrels of crude oil a day, which would be three-percent of the world&#8217;s oil consumption,” Sitton said. “That will be tens of thousands of jobs all up and down the entire ship channel, and particularly right here in Corpus Christi.&#8221;</p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-4720" 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>The Houston and Baytown areas in Texas also look to cash in on oil flowing out of the Permian Basin to crude markets across the globe. Houston is number two in U.S. oil exports falling right behind the Port of Corpus Christi. Houston has the capacity to ship around 1.7 million barrels per day according to Timm Schneider, senior managing director for Evercore ISI.</p> <p>The problem with the Houston ship channel is congestion. In 2015, fog shut down the channel for approximately <a href="http://blogs.platts.com/2017/03/29/us-petrochemical-port-congestion/" target="_blank">680 hours</a> which led to long lines of ships waiting for a berth. However, because of the facilities along the 52-mile Houston Ship Channel, Houston should remain one of the largest petrochemical ports in the world for a very long time.</p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-5412" 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>Oil production in the Permian Basin is nearing 2.5 million barrels per day and experts are suggesting that production could exceed 4 million barrels per day if global demand, and price, require it.</p> <p><span style="color: #ff0000;"><strong>RELATED &gt;&gt; </strong></span><a href="http://www.arescotx.com/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/">US a Net Exporter of Oil by 2023 Says S&amp;P Global Platts</a></p> <p><strong><span style="color: #ff0000;">RELATED &gt;&gt;</span></strong> <a href="http://www.arescotx.com/us-crude-exports-in-2017-could-exceed-some-opec-nations/">US Crude Exports in 2017 Could Exceed Some OPEC Nations</a></p> <p><span style="color: #ff0000;"><strong>RELATED &gt;&gt;</strong></span> <a href="http://www.arescotx.com/us-oil-exports-on-the-rise/">US Oil Exports on the Rise</a></p> <p><span style="color: #ff0000;"><strong>RELATED &gt;&gt;</strong></span> <a href="http://www.arescotx.com/permian-basin-scores-with-lifting-of-crude-oil-export-ban/">Permian Basin Scores with Lifting of Crude Oil Export Ban</a></p> ]]></content:encoded> </item> <item> <title>US Shale Production on Record-Setting Pace</title> <link>http://www.arescotx.com/us-shale-production-on-record-setting-pace/</link> <pubDate>Wed, 30 Aug 2017 13:29:17 +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[Oil and Gas Interesting Facts]]></category> <category><![CDATA[Permian Basin Oil News]]></category> <category><![CDATA[Texas Oil and Gas Investing]]></category> <category><![CDATA[Anadarko Basin]]></category> <category><![CDATA[Aresco LP]]></category> <category><![CDATA[Bakken Shale]]></category> <category><![CDATA[Barnett Shale]]></category> <category><![CDATA[Brazos Basin]]></category> <category><![CDATA[Crude Oil]]></category> <category><![CDATA[Crude Oil Exports]]></category> <category><![CDATA[Crude Oil Prices]]></category> <category><![CDATA[Domestic Oil Production]]></category> <category><![CDATA[Drilling Technology]]></category> <category><![CDATA[Eagle Ford Shale]]></category> <category><![CDATA[Eagle Ford Shale Production]]></category> <category><![CDATA[Energy Information Administration (EIA)]]></category> <category><![CDATA[Energy Investing]]></category> <category><![CDATA[Energy Production]]></category> <category><![CDATA[Haynesville Shale]]></category> <category><![CDATA[Horizontal Drilling]]></category> <category><![CDATA[Investing in Texas Oil]]></category> <category><![CDATA[Karnes County Oil]]></category> <category><![CDATA[Light Sweet Crude]]></category> <category><![CDATA[Noodle Canyon]]></category> <category><![CDATA[Oil and Gas Investing]]></category> <category><![CDATA[Oil Exploration]]></category> <category><![CDATA[Oil Market]]></category> <category><![CDATA[Oil Production]]></category> <category><![CDATA[Oil Shale]]></category> <category><![CDATA[OPEC]]></category> <category><![CDATA[Permian Basin]]></category> <category><![CDATA[Saudi Arabia]]></category> <category><![CDATA[Shale Boom]]></category> <category><![CDATA[Shale Oil]]></category> <category><![CDATA[Shale Production]]></category> <category><![CDATA[Sweet Crude Oil]]></category> <category><![CDATA[Texas Oil Production]]></category> <category><![CDATA[Unconventional Drilling]]></category> <category><![CDATA[West Texas Intermediate]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=16105</guid> <description><![CDATA[US shale production is up. Not only is it up, but it&#8217;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/us-shale-production-on-record-setting-pace/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=US Shale Production on Record-Setting Pace&url=http://www.arescotx.com/us-shale-production-on-record-setting-pace/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/us-shale-production-on-record-setting-pace/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.digg.com/submit?url=http://www.arescotx.com/us-shale-production-on-record-setting-pace/" target="_blank" title="Share to Digg" class="s3-digg hint--top"></a><a href="http://reddit.com/submit?url=http://www.arescotx.com/us-shale-production-on-record-setting-pace/&title=US Shale Production on Record-Setting Pace" target="_blank" title="Share to Reddit" class="s3-reddit hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/us-shale-production-on-record-setting-pace/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><a href="http://www.stumbleupon.com/submit?url=http://www.arescotx.com/us-shale-production-on-record-setting-pace/&title=US Shale Production on Record-Setting Pace" target="_blank" title="Share to StumbleUpon" class="s3-stumbleupon hint--top"></a><a href="http://www.tumblr.com/share/link?url=http%3A%2F%2Fwww.arescotx.com%2Fus-shale-production-on-record-setting-pace%2F&name=US+Shale+Production+on+Record-Setting+Pace" target="_blank" title="Share to Tumblr" class="s3-tumblr 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=US%20Shale%20Production%20on%20Record-Setting%20Pace&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/us-shale-production-on-record-setting-pace/" title="Email this article" class="s3-email hint--top"></a></div><p><a href="http://www.arescotx.com/wp-content/uploads/shale-oil-13218525_s.jpg" data-rel="lightbox-0" title=""><img class="alignleft wp-image-16124" src="http://www.arescotx.com/wp-content/uploads/shale-oil-13218525_s.jpg" alt="Texas Shale Oil Production" width="350" height="233" srcset="http://www.arescotx.com/wp-content/uploads/shale-oil-13218525_s.jpg 450w, http://www.arescotx.com/wp-content/uploads/shale-oil-13218525_s-300x200.jpg 300w" sizes="(max-width: 350px) 100vw, 350px" /></a>US shale production is up. Not only is it up, but it&#8217;s been on a mostly continuous uptick for several months now. Is this good news for <a href="http://www.arescotx.com/tag/investing-in-texas-oil/">Texas oil investors</a>? Well, it depends where pricing goes over the next couple of years––and surging <a href="http://www.arescotx.com/tag/u-s-oil-production/">US oil production</a> will play a big part in that (but not in the way you might think).<span id="more-16105"></span></p> <p><strong>OPEC’s Diminishing Impact on Pricing</strong></p> <p>Whereas <a href="http://www.arescotx.com/tag/opec/">OPEC</a> used to be firmly in the driver’s seat when it came to controlling access to oil (and manipulating pricing), the rise in US shale production is literally changing the world.</p> <p>The most recent surge in US production growth occurs ahead of <a href="https://www.reuters.com/article/usa-taser-911call-idUSKCN1B21AK" target="_blank">OPEC talks</a> to consider extending or ending production cuts originally enacted in Fall 2016. From mid-2014 through OPEC’s decision to curtail production in November 2016, oil pricing was in seeming free-fall, dipping at times below the $30 per barrel mark. Despite low oil pricing’s effect on OPEC kingpin Saudi Arabia’s purse, <a href="Why%20did%20oil%20prices%20drop%20so%20much%20in%202014?%20|%20Investopedia&nbsp;http://www.investopedia.com/ask/answers/030315/why-did-oil-prices-drop-so-much-2014.asp#ixzz4qiHqEu9O" target="_blank">according to Investopedia</a>, “when faced with a decision between letting prices continue to drop or ceding&nbsp;<a href="http://www.investopedia.com/terms/m/marketshare.asp" target="_blank">market share</a>&nbsp;by cutting production in an effort to send prices upward again, <a href="http://www.arescotx.com/tag/saudi-arabia/">Saudi Arabia</a> kept its production stable, deciding that low oil prices offered more of a long-term benefit than giving up market share.”</p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-5412" 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>The more hardline interpretation behind OPEC’s stance? It’s speculated that OPEC held its ground to keep more oil in the market than demand could bear in an effort to drive US shale producers out of business.</p> <p>“More oil on the market” did not go as planned.</p> <p>After an initial dip driven by rock bottom oil pricing, US domestic oil production began to rise again, driven (once again) by technological innovation. The US oil industry continues to innovate and create new ways of extracting hydrocarbons, faster and cheaper. This means US producers can compete even as oil prices remain depressed––pumping more and more oil despite OPEC’s attempts to meddle in their business.</p> <p>The continual onslaught of US production potential now has OPEC, OPEC-affiliates, and even Russia back on their heels again––despite strict adherence to production cuts. With their failure to curtail US oil production, these petrostates have lost much of their ability to manipulate the market, which puts them at a tremendous disadvantage at home. With prices below $65––and, for some, $85––per barrel, they can no longer comfortably fund their social policies and political machines.</p> <p>So, while the <a href="http://www.arescotx.com/tag/shale-boom/">US shale revolution</a> continues onward becoming more and more competitive at lower price points, OPEC and the like <em>need higher pricing</em>––or face potential unrest on the home front.</p> <p>It’s a changing world, indeed.</p> <p><strong><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-7301" src="http://www.arescotx.com/wp-content/uploads/oil-investment-opportunities.png" alt="Oil &amp; Gas Investment Opportunities in Texas, the Gulf Coast, and Beyond" width="693" height="200" srcset="http://www.arescotx.com/wp-content/uploads/oil-investment-opportunities.png 693w, http://www.arescotx.com/wp-content/uploads/oil-investment-opportunities-300x87.png 300w" sizes="(max-width: 693px) 100vw, 693px" /></a></strong></p> <p><strong>The Continuous Rise of Shale Oil Output</strong></p> <p>Despite OPEC’s attempts to keep it down, US shale oil output continues to grow and set records. Driving much of this growth is the Texas Permian Basin along with the output from the Eagle Ford and Bakken regions.</p> <p>Every month, the <a href="http://www.arescotx.com/tag/energy-information-administration-eia/">EIA</a> forecast called for more barrels, and every month the number of barrels increased. Next month, that trend looks to continue with US shale production ramping up to new record levels. The EIA also estimates 2.6 million of the estimated 6.15 million barrels a day will come from the Texas Permian Basin.</p> <p><strong><a href="http://www.arescotx.com/wp-content/uploads/us-shale-production.png" data-rel="lightbox-1" title=""><img class="aligncenter size-full wp-image-16111" src="http://www.arescotx.com/wp-content/uploads/us-shale-production.png" alt="US Shale Production in the 7 Top Areas - Chart" width="642" height="419" srcset="http://www.arescotx.com/wp-content/uploads/us-shale-production.png 642w, http://www.arescotx.com/wp-content/uploads/us-shale-production-300x196.png 300w" sizes="(max-width: 642px) 100vw, 642px" /></a></strong></p> <p><strong>The US Shale Forecast Continues to Expand</strong></p> <p>In even more bad news for OPEC, the EIA forecast has grown to include even more shale regions throughout the Lower 48. The more successful shale plays are, the more shale plays show up. The most recent <a href="https://www.eia.gov/petroleum/drilling/#tabs-summary-2" target="_blank">Drilling Productivity Report</a> from the EIA shows growth by thousands of barrels a day in seven main regions.</p> <p><a href="http://www.arescotx.com/wp-content/uploads/shale-regions-eia.png" data-rel="lightbox-2" title=""><img class="alignright size-full wp-image-16109" src="http://www.arescotx.com/wp-content/uploads/shale-regions-eia.png" alt="Top Producing US Shale Regions" width="575" height="363" srcset="http://www.arescotx.com/wp-content/uploads/shale-regions-eia.png 575w, http://www.arescotx.com/wp-content/uploads/shale-regions-eia-300x189.png 300w" sizes="(max-width: 575px) 100vw, 575px" /></a></p> <ul> <li><a href="http://www.arescotx.com/tag/permian-basin/">Permian</a></li> <li><a href="http://www.arescotx.com/tag/eagle-ford-shale/">Eagle Ford</a></li> <li><a href="http://www.arescotx.com/tag/bakken-shale/">Bakken</a></li> <li>Niobrara</li> <li><a href="http://www.arescotx.com/tag/anadarko-basin/">Anadarko</a></li> <li>Appalachia</li> <li><a href="http://www.arescotx.com/tag/haynesville-shale/">Haynesville</a></li> </ul> <p>Each region will see an uptick in gas and oil production between August and September.</p> <p><strong>How This Affects Texas Oil Investors</strong></p> <p>Many investors fear US shale production will continue to glut the <a href="http://www.arescotx.com/tag/oil-market/">oil market</a> and keep prices down––especially if OPEC members opt to kill agreed-upon cuts and further flood the market. But as explained above, OPEC and other states that depend on hydrocarbon revenue are already walking a fine line keeping their budgets out of the red. How much oil can they afford to let flood the market knowing that doing so may drive prices even lower?</p> <p>Outside of OPEC’s decision to cut or not this November, two key factors will continue to impact individuals and companies looking to invest in domestic oil production––especially in Texas.</p> <p><a href="http://www.arescotx.com/wp-content/uploads/pump-jack-8243461_s.jpg" data-rel="lightbox-3" title=""><img class="alignright wp-image-16127" src="http://www.arescotx.com/wp-content/uploads/pump-jack-8243461_s.jpg" alt="Pump Jack" width="375" height="250" srcset="http://www.arescotx.com/wp-content/uploads/pump-jack-8243461_s.jpg 450w, http://www.arescotx.com/wp-content/uploads/pump-jack-8243461_s-300x200.jpg 300w" sizes="(max-width: 375px) 100vw, 375px" /></a>The first key factor is <a href="https://www.forbes.com/sites/judeclemente/2017/05/29/the-steady-drumbeat-of-more-global-oil-demand/#208ed90a5e2d" target="_blank">ever-rising demand</a> for oil. In a recent article for Forbes.com, Oil &amp; Gas industry contributor Jude Clemente writes:</p> <p style="padding-left: 30px;"><em>“As the world&#8217;s most important fuel, the most traded commodity, and the enabling force of globalization, the demand for oil is ever-growing. <strong>Every year, oil demand rises by around 1.3 million per day, or 1-2%.</strong></em></p> <p style="padding-left: 30px;"><em>This is an extra 55 million gallons of oil being added to global consumption every 12 months.&nbsp;And it&#8217;s&nbsp;easy to see why:&nbsp;around 97% of transportation is powered by oil, and global economic growth is tied to petroleum because it&#8217;s our primary fuel. Rising incomes mean more oil demand.”</em></p> <p>To help meet this demand, US producers can now <a href="http://www.arescotx.com/tag/crude-oil-exports/">export oil</a> worldwide––and none more easily so than those producing oil in Texas. According to a recent article in the <a href="http://www.houstonchronicle.com/business/energy/article/IHS-Most-new-Permian-oil-will-be-exported-from-11942964.php">Houston Chronicle</a>:</p> <p style="padding-left: 30px;"><em>“… while domestic oil consumption is rising only slightly, the foreign demand for U.S. oil is booming, spurred by the 2015 end to a decades-old ban on crude exports. The U.S. today ships out almost 1 million barrels of oil each day compared with about 520,000 barrels in 2016.&nbsp;</em></p> <p style="padding-left: 30px;"><em>U.S. oil exports are expected to triple to about 3 million barrels a day by 2025, said Kurt Barrow, a vice president of oil markets for IHS. That oil will be fed primarily by Permian production and shipped from ports in <a href="http://www.arescotx.com/tag/houston/">Houston</a> and Corpus Christi.”</em></p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-4941" src="http://www.arescotx.com/wp-content/uploads/oil-investing-tax-shelter.png" alt="" width="693" height="200" srcset="http://www.arescotx.com/wp-content/uploads/oil-investing-tax-shelter.png 693w, http://www.arescotx.com/wp-content/uploads/oil-investing-tax-shelter-300x86.png 300w" sizes="(max-width: 693px) 100vw, 693px" /></a></p> <p>The second key factor affecting Texas oil investing is ever-advancing <a href="http://www.arescotx.com/tag/drilling-technology/">drilling and oil-field technology</a>, which continually drives the price of production down. This is especially true of the Permian, where some large investors are tying a lot of money into <a href="http://www.arescotx.com/tag/shale-oil/">shale plays</a> with long-term plans––locking in opportunity now when prices are low knowing they can’t stay low forever. Given the fact that <a href="https://www.forbes.com/sites/judeclemente/2017/05/29/the-steady-drumbeat-of-more-global-oil-demand/#208ed90a5e2d" target="_blank">output from currently known fields is estimated to fall over 45 million barrels per day</a> over the next 25 years, timely investment today can yield the potential for tremendous dividends tomorrow.</p> <p>So, is the record-setting pace in US shale production good for Texas <a href="http://www.arescotx.com/tag/oil-and-gas-investing/">oil investors</a>? Certain signs point to “yes” once you take a look at all the players––and bet on US drive and innovation to win the day, any day.</p> ]]></content:encoded> </item> <item> <title>Texas Drilling Permits Up Sharply in 2017 Vs. 2016</title> <link>http://www.arescotx.com/texas-drilling-permits-up-sharply-in-2017-vs-2016/</link> <pubDate>Mon, 21 Aug 2017 15:23:16 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Oil and Gas Interesting Facts]]></category> <category><![CDATA[Permian Basin Oil News]]></category> <category><![CDATA[Texas Oil and Gas Investing]]></category> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Crude Oil]]></category> <category><![CDATA[Crude Oil Exports]]></category> <category><![CDATA[Crude Oil Prices]]></category> <category><![CDATA[Domestic Oil Production]]></category> <category><![CDATA[Drilling Technology]]></category> <category><![CDATA[Eagle Ford Shale]]></category> <category><![CDATA[Eagle Ford Shale Production]]></category> <category><![CDATA[Energy Information Administration (EIA)]]></category> <category><![CDATA[Fracking]]></category> <category><![CDATA[Investing in Texas Oil]]></category> <category><![CDATA[Oil and Gas Investing]]></category> <category><![CDATA[Oil Exploration]]></category> <category><![CDATA[Oil Production]]></category> <category><![CDATA[Permian Basin]]></category> <category><![CDATA[Texas Oil Production]]></category> <category><![CDATA[Texas Railroad Commission]]></category> <category><![CDATA[U.S. Oil Production]]></category> <category><![CDATA[Unconventional Drilling]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=16034</guid> <description><![CDATA[Good news for Texas oil investors as Texas drilling permits rise sharply ... ]]></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/texas-drilling-permits-up-sharply-in-2017-vs-2016/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Texas Drilling Permits Up Sharply in 2017 Vs. 2016&url=http://www.arescotx.com/texas-drilling-permits-up-sharply-in-2017-vs-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/texas-drilling-permits-up-sharply-in-2017-vs-2016/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.digg.com/submit?url=http://www.arescotx.com/texas-drilling-permits-up-sharply-in-2017-vs-2016/" target="_blank" title="Share to Digg" class="s3-digg hint--top"></a><a href="http://reddit.com/submit?url=http://www.arescotx.com/texas-drilling-permits-up-sharply-in-2017-vs-2016/&title=Texas Drilling Permits Up Sharply in 2017 Vs. 2016" target="_blank" title="Share to Reddit" class="s3-reddit hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/texas-drilling-permits-up-sharply-in-2017-vs-2016/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><a href="http://www.stumbleupon.com/submit?url=http://www.arescotx.com/texas-drilling-permits-up-sharply-in-2017-vs-2016/&title=Texas Drilling Permits Up Sharply in 2017 Vs. 2016" target="_blank" title="Share to StumbleUpon" class="s3-stumbleupon hint--top"></a><a href="http://www.tumblr.com/share/link?url=http%3A%2F%2Fwww.arescotx.com%2Ftexas-drilling-permits-up-sharply-in-2017-vs-2016%2F&name=Texas+Drilling+Permits+Up+Sharply+in+2017+Vs.+2016" target="_blank" title="Share to Tumblr" class="s3-tumblr 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=Texas%20Drilling%20Permits%20Up%20Sharply%20in%202017%20Vs.%202016&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/texas-drilling-permits-up-sharply-in-2017-vs-2016/" title="Email this article" class="s3-email hint--top"></a></div><p><img class="alignleft wp-image-16036" src="http://www.arescotx.com/wp-content/uploads/drilling-permits.jpg" alt="Texas Drilling Permits Up in 2017 Vs 2016" width="325" height="171" srcset="http://www.arescotx.com/wp-content/uploads/drilling-permits.jpg 800w, http://www.arescotx.com/wp-content/uploads/drilling-permits-300x158.jpg 300w, http://www.arescotx.com/wp-content/uploads/drilling-permits-768x405.jpg 768w" sizes="(max-width: 325px) 100vw, 325px" />Good news for Texas oil investors as Texas drilling permits rise sharply in 2017 versus 2016. According to Texas&#8217; energy regulator, the <a href="http://www.rrc.state.tx.us/oil-gas/research-and-statistics/well-information/monthly-drilling-completion-and-plugging-summaries/" target="_blank">Railroad Commission of Texas</a>, original permits issued in July 2017 nearly doubled when compared to the same month in 2016. There were 1,011 original permits issued in July 2017 compared to 631 issued in July 2016. A majority of these were issued for the <a href="http://www.arescotx.com/the-history-of-permian-basin-oil/">Permian Basin</a>, one of the most desirable destinations for drilling. Texas holds the record in the United States for having the most productive drilling rigs. This trend will likely continue for as long as the outlook for U.S. gas and oil drilling remains strong. Texas oil producers will also continue to shell out additional capital to drill new wells.<span id="more-16034"></span></p> <p>The Permian Basin in Texas is the largest crude oil producing region in the United States. According to the <a href="https://www.eia.gov/petroleum/drilling/?src=home-b1" target="_blank">Energy Information Administration</a>, production from the Permian Basin is expected to increase 2.5 percent, once the numbers from July come in, which translates to 2.5 million barrels per day. If the EIA&#8217;s prediction is proved to be on target, Eagle Ford production would also increase by about two percent to 1.38 million barrels per day.</p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-4720" 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>The global consulting firm McKinsey &amp; Co. reported that the high production of the Permian Basin, one of the most lucrative producers of shale oil in the country, could contribute to 20 percent of the growth by 2021 which will obviously lead to an increase in Texas drilling permits over the next few years. Improved efficiency will contribute to this growth in exploration.</p> <p>Noteworthy is the fact that although Texas drilling permits have sharply increased, well completions are down. Investors should, however, not be concerned. Producers may accumulate a large number of drilled, but uncompleted new wells at which point the viability of each well will be assessed on the basis of current crude prices, service costs, and production potential. Being able to make such an assessment gives producers an overview of which wells will be the most lucrative, allowing them to focus on those wells and delay production on wells that will not be as productive. By having a large number of uncompleted wells, production can be increased at the drop of a hat if demand or crude prices require such an increase.</p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-4787" 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> <p>The Permian continues to attract new energy companies and this is great news for investors. Ryan Sitton, Commissioner for the Railroad Commission of Texas, predicts that crude prices will rise above <a href="http://www.kiiitv.com/news/local/texas-railroad-commissioner-predicts-rise-in-price-of-oil/464955650" target="_blank">$60 per barrel</a> next year. That estimate has increased applications for Texas drilling permits as investors look to the future. Sitton goes on to predict that the Port of Corpus Christi will increase exports of crude from one million barrels per day to <a href="http://www.kiiitv.com/news/local/texas-railroad-commissioner-predicts-rise-in-price-of-oil/464955650" target="_blank">three million</a> barrels per day. This would provide a much needed service to companies looking to sell their Texas sweet crude on the global market.</p> <p>Texas sets the standard in oil production that is recognized around the world. According to <a href="https://medium.com/@RyanSitton/us-drilling-industry-particularly-in-texas-poised-for-burst-of-activity-growth-in-2017-e8085ddec8c8" target="_blank">Ryan Sitton</a>, Texas producers have developed new technologies and methodologies that have led to increased crude production thus enabling them to capitalize on opportunities that were once considered unobtainable. These innovations by Texas producers make the Permian Basin and Eagle Ford Shale attractive areas for oil and gas investors and with an expected rise in crude prices, this increases the positive outlook all the more.</p> ]]></content:encoded> </item> <item> <title>Trump Admin Removes Obama-Era Fossil Fuels Valuation Rule</title> <link>http://www.arescotx.com/trump-admin-removes-obama-era-fossil-fuels-valuation-rule/</link> <pubDate>Fri, 11 Aug 2017 15:21:28 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Oil and Gas Interesting Facts]]></category> <category><![CDATA[Permian Basin Oil News]]></category> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Crude Oil]]></category> <category><![CDATA[Donald J Trump]]></category> <category><![CDATA[Government Regulations]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=15989</guid> <description><![CDATA[On Monday, the U.S. Department of the Interior announced that the Consolidated ... ]]></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/trump-admin-removes-obama-era-fossil-fuels-valuation-rule/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Trump Admin Removes Obama-Era Fossil Fuels Valuation Rule&url=http://www.arescotx.com/trump-admin-removes-obama-era-fossil-fuels-valuation-rule/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/trump-admin-removes-obama-era-fossil-fuels-valuation-rule/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.digg.com/submit?url=http://www.arescotx.com/trump-admin-removes-obama-era-fossil-fuels-valuation-rule/" target="_blank" title="Share to Digg" class="s3-digg hint--top"></a><a href="http://reddit.com/submit?url=http://www.arescotx.com/trump-admin-removes-obama-era-fossil-fuels-valuation-rule/&title=Trump Admin Removes Obama-Era Fossil Fuels Valuation Rule" target="_blank" title="Share to Reddit" class="s3-reddit hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/trump-admin-removes-obama-era-fossil-fuels-valuation-rule/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><a href="http://www.stumbleupon.com/submit?url=http://www.arescotx.com/trump-admin-removes-obama-era-fossil-fuels-valuation-rule/&title=Trump Admin Removes Obama-Era Fossil Fuels Valuation Rule" target="_blank" title="Share to StumbleUpon" class="s3-stumbleupon hint--top"></a><a href="http://www.tumblr.com/share/link?url=http%3A%2F%2Fwww.arescotx.com%2Ftrump-admin-removes-obama-era-fossil-fuels-valuation-rule%2F&name=Trump+Admin+Removes+Obama-Era+Fossil+Fuels+Valuation+Rule" target="_blank" title="Share to Tumblr" class="s3-tumblr 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=Trump%20Admin%20Removes%20Obama-Era%20Fossil%20Fuels%20Valuation%20Rule&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/trump-admin-removes-obama-era-fossil-fuels-valuation-rule/" title="Email this article" class="s3-email hint--top"></a></div><p><img class="alignleft size-full wp-image-15991" src="http://www.arescotx.com/wp-content/uploads/president-trump-73986580_s.jpg" alt="President Trump" width="450" height="286" srcset="http://www.arescotx.com/wp-content/uploads/president-trump-73986580_s.jpg 450w, http://www.arescotx.com/wp-content/uploads/president-trump-73986580_s-300x191.jpg 300w" sizes="(max-width: 450px) 100vw, 450px" />On Monday, the U.S. Department of the Interior announced that the Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform Rule (Valuation Rule) would be repealed effective September 6, 2017.</p> <p>&#8220;Repealing the Valuation Rule provides a clean slate to create workable valuation regulations,&#8221; said Secretary of the Interior Ryan Zinke in a <a href="https://www.doi.gov/pressreleases/interior-repeals-defective-federal-mineral-valuation-rule" target="_blank">statement</a>. &#8220;We are committed to working closely with stakeholders and the newly chartered Royalty Policy Committee to explore options for future rulemakings and to avoid the structural defects that were found in the prior rule. The Department and the Office of Natural Resources Revenue remain committed to collecting every dollar due. These are taxpayer and American Indian assets, and the public and American Indians deserve an accurate accounting and valuation.&#8221;</p> <p>House Natural Resources Committee Chairman Rob Bishop (R-UT) came out in support of the decision to repeal the Valuation Rule. Bishop said, &#8220;This rescindment is another important step by the Trump administration to position Interior as a facilitator of responsible energy development.&#8221;</p> <p>Back in April, numerous Congressional Western Caucus Members showed their support of Interior Secretary Zinke&#8217;s proposal to repeal the Valuation Rule in its entirety by issuing <a href="https://westerncaucus.house.gov/media-center/press-releases/western-caucus-members-applaud-zinke-proposal-to-repeal-job-killing-onrr" target="_blank">statements</a> voicing their support.</p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-7301" src="http://www.arescotx.com/wp-content/uploads/oil-investment-opportunities.png" alt="Oil &amp; Gas Investment Opportunities in Texas, the Gulf Coast, and Beyond" width="693" height="200" srcset="http://www.arescotx.com/wp-content/uploads/oil-investment-opportunities.png 693w, http://www.arescotx.com/wp-content/uploads/oil-investment-opportunities-300x87.png 300w" sizes="(max-width: 693px) 100vw, 693px" /></a></p> <p>Congressional Western Caucus Chairman Paul A. Gosar D.D.S. (AZ-04) said in his statement, &#8220;I am thrilled to hear that Secretary Zinke is taking action to roll back another duplicative and costly regulation from the Obama Administration. ONRR’s valuation rule would disproportionately impact small producers by burying them with compliance costs, ultimately driving up energy prices for everyday consumers. By taking steps to repeal this unconstitutional tax on job creators, the Trump Administration continues to follow through on the promise to get America back on the path toward energy independence and job creation.&#8221;</p> <p>Representative Steve Scalise (LA-01) commented, &#8220;Let&#8217;s be clear—the ONRR mineral valuation rule was nothing but a shadow tax on American energy. In my home state of Louisiana, it meant reduced state revenue sharing dollars, hindering our ability to make major investments to restore our coast and protect Louisiana families and businesses from devastating storms. I applaud Secretary Zinke&#8217;s action to begin withdrawing this damaging rule, and look forward to working with the Department of Interior to promote safe and responsible energy production throughout the U.S.&#8221; Rep. Scalise, who serves as House Majority Whip, was shot and badly wounded by a gunman targeting the congressional baseball practice in mid-June.</p> <p><a href="http://www.usoilinvestments.com/"><img class="aligncenter size-full wp-image-14097" src="http://www.arescotx.com/wp-content/uploads/crude-oil-investing.png" alt="Crude Oil Investing Questions?" width="728" height="40" srcset="http://www.arescotx.com/wp-content/uploads/crude-oil-investing.png 728w, http://www.arescotx.com/wp-content/uploads/crude-oil-investing-300x16.png 300w" sizes="(max-width: 728px) 100vw, 728px" /></a></p> <p>The repeal of the Valuation Rule is another in a long line of regulations and proposed regulations that have been rescinded or delayed by the Trump administration. White House Budget Chief Mick Mulvaney released a report showing that in the first five months of the Trump presidency, <a href="http://thehill.com/regulation/administration/342846-trump-budget-chief-touts-progress-in-rolling-back-regulations" target="_blank">860 proposed regulatory actions</a> have been withdrawn or delayed. This lends credence what the <a href="https://www.washingtonpost.com/politics/trump-undertakes-most-ambitious-regulatory-rollback-since-reagan/2017/02/12/0337b1f0-efb4-11e6-9662-6eedf1627882_story.html?utm_term=.a57c41723dd9" target="_blank">Washington Post categorizes</a> as the &#8220;most ambitious regulatory rollback since Reagan.&#8221;</p> ]]></content:encoded> </item> <item> <title>TerrAdapt™ Adaptive Drill Bit by Baker Hughes</title> <link>http://www.arescotx.com/terradapt-adaptive-drill-bit-by-baker-hughes/</link> <pubDate>Mon, 26 Jun 2017 04:00:44 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Oil and Gas Interesting Facts]]></category> <category><![CDATA[Baker Hughes]]></category> <category><![CDATA[TerrAdapt Drill Bit]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=15634</guid> <description><![CDATA[Baker Hughes has taken the term &#8220;work smarter, not harder&#8221; and applied ... ]]></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/terradapt-adaptive-drill-bit-by-baker-hughes/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=TerrAdapt™ Adaptive Drill Bit by Baker Hughes&url=http://www.arescotx.com/terradapt-adaptive-drill-bit-by-baker-hughes/" target="_blank" title="Share to Twitter" class="s3-twitter hint--top"></a><a href="https://plus.google.com/share?url=http://www.arescotx.com/terradapt-adaptive-drill-bit-by-baker-hughes/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.digg.com/submit?url=http://www.arescotx.com/terradapt-adaptive-drill-bit-by-baker-hughes/" target="_blank" title="Share to Digg" class="s3-digg hint--top"></a><a href="http://reddit.com/submit?url=http://www.arescotx.com/terradapt-adaptive-drill-bit-by-baker-hughes/&title=TerrAdapt™ Adaptive Drill Bit by Baker Hughes" target="_blank" title="Share to Reddit" class="s3-reddit hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/terradapt-adaptive-drill-bit-by-baker-hughes/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><a href="http://www.stumbleupon.com/submit?url=http://www.arescotx.com/terradapt-adaptive-drill-bit-by-baker-hughes/&title=TerrAdapt™ Adaptive Drill Bit by Baker Hughes" target="_blank" title="Share to StumbleUpon" class="s3-stumbleupon hint--top"></a><a href="http://www.tumblr.com/share/link?url=http%3A%2F%2Fwww.arescotx.com%2Fterradapt-adaptive-drill-bit-by-baker-hughes%2F&name=TerrAdapt%E2%84%A2+Adaptive+Drill+Bit+by+Baker+Hughes" target="_blank" title="Share to Tumblr" class="s3-tumblr 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=TerrAdapt™%20Adaptive%20Drill%20Bit%20by%20Baker%20Hughes&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/terradapt-adaptive-drill-bit-by-baker-hughes/" title="Email this article" class="s3-email hint--top"></a></div><p><a href="http://www.arescotx.com/wp-content/uploads/adaptive-drill-bit-bh.png" data-rel="lightbox-0" title=""><img class="alignleft wp-image-15636" src="http://www.arescotx.com/wp-content/uploads/adaptive-drill-bit-bh.png" width="300" height="163" srcset="http://www.arescotx.com/wp-content/uploads/adaptive-drill-bit-bh.png 761w, http://www.arescotx.com/wp-content/uploads/adaptive-drill-bit-bh-300x163.png 300w" sizes="(max-width: 300px) 100vw, 300px" /></a>Baker Hughes has taken the term &#8220;work smarter, not harder&#8221; and applied it to the oil and gas drilling industry in the form of the TerrAdapt™ Adaptive Drill bit.</p> <p>The TerrAdapt™ adapts to changing formation in the drilling process and adjusts depth-of-cut control elements to mitigate stick-slip and also acts as a shock absorber to help prevent impact damage. Baker Hughes claims that &#8220;the result is longer tool life and faster, more consistent rate of penetration (ROP)&#8221;.</p> <p>The following is an animation of the TerrAdapt™ Adaptive Drill Bit in action.</p> <p><iframe width="500" height="281" src="https://www.youtube.com/embed/hOdlMTITbgA?feature=oembed&#038;enablejsapi=1&#038;origin=http://www.arescotx.com" frameborder="0" allowfullscreen></iframe></p> <p>While the TerrAdapt was designed for the Permian Basin with its varying rock formations at different depths, it can also work in almost any location.</p> <p>DrillingContractor.org reporter Kelli Ainsworth interviews Danielle Fuselier of Baker Hughes at the SPE/IADC Drilling Conference and Exhibition in The Hague, The Netherlands.</p> <p><iframe width="500" height="281" src="https://www.youtube.com/embed/8LEJk6exsIA?feature=oembed&#038;enablejsapi=1&#038;origin=http://www.arescotx.com" frameborder="0" allowfullscreen></iframe></p> <p>Howard Hughes, Sr. revolutionized the drilling industry in 1909 when he introduced the two-cone rotary drill bit. Then again in 1933, two Hughes engineers invented the tricone bit which was the industry standard for decades. It is quite possible that Howard Hughes, Sr.&#8217;s legacy company, Baker Hughes has done it again with the TerrAdapt™ Adaptive Drill Bit.</p> <p><span style="color: #ff0000;"><strong>RELATED &gt;&gt;</strong></span> <a href="http://www.arescotx.com/microwave-technology-the-new-fracking/">Microwave Technology &#8211; The New Fracking?</a></p> <p><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-4720" 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> ]]></content:encoded> </item> <item> <title>Permian Shale Threatens OPEC Dominance</title> <link>http://www.arescotx.com/permian-shale-threatens-opec-dominance/</link> <pubDate>Tue, 20 Jun 2017 20:58:13 +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[Texas Oil and Gas Investing]]></category> <category><![CDATA[Crude Oil]]></category> <category><![CDATA[Drilling Technology]]></category> <category><![CDATA[Fracking]]></category> <category><![CDATA[Oil Production]]></category> <category><![CDATA[OPEC]]></category> <category><![CDATA[Permian Basin]]></category> <category><![CDATA[Shale Boom]]></category> <category><![CDATA[Shale Oil]]></category> <category><![CDATA[Texas Oil Production]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=15602</guid> <description><![CDATA[The fracking revolution has led to a shale boom ruled by the ... ]]></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-shale-threatens-opec-dominance/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Permian Shale Threatens OPEC Dominance&url=http://www.arescotx.com/permian-shale-threatens-opec-dominance/" 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-shale-threatens-opec-dominance/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.digg.com/submit?url=http://www.arescotx.com/permian-shale-threatens-opec-dominance/" target="_blank" title="Share to Digg" class="s3-digg hint--top"></a><a href="http://reddit.com/submit?url=http://www.arescotx.com/permian-shale-threatens-opec-dominance/&title=Permian Shale Threatens OPEC Dominance" target="_blank" title="Share to Reddit" class="s3-reddit hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/permian-shale-threatens-opec-dominance/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><a href="http://www.stumbleupon.com/submit?url=http://www.arescotx.com/permian-shale-threatens-opec-dominance/&title=Permian Shale Threatens OPEC Dominance" target="_blank" title="Share to StumbleUpon" class="s3-stumbleupon hint--top"></a><a href="http://www.tumblr.com/share/link?url=http%3A%2F%2Fwww.arescotx.com%2Fpermian-shale-threatens-opec-dominance%2F&name=Permian+Shale+Threatens+OPEC+Dominance" target="_blank" title="Share to Tumblr" class="s3-tumblr 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%20Shale%20Threatens%20OPEC%20Dominance&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/permian-shale-threatens-opec-dominance/" title="Email this article" class="s3-email hint--top"></a></div><p><a href="http://www.arescotx.com/wp-content/uploads/permian-shale-39729008-m.jpg" data-rel="lightbox-0" title=""><img class="alignleft wp-image-15604" src="http://www.arescotx.com/wp-content/uploads/permian-shale-39729008-m.jpg" alt="Permian Shale Pumpjack" width="375" height="240" srcset="http://www.arescotx.com/wp-content/uploads/permian-shale-39729008-m.jpg 864w, http://www.arescotx.com/wp-content/uploads/permian-shale-39729008-m-300x192.jpg 300w, http://www.arescotx.com/wp-content/uploads/permian-shale-39729008-m-768x492.jpg 768w" sizes="(max-width: 375px) 100vw, 375px" /></a>The <a href="http://www.arescotx.com/tag/fracking/">fracking</a> revolution has led to a shale boom ruled by the Permian Basin. The OPEC cartel is having a hard time swallowing that fact.</p> <p>Crude output in the Permian has basically offset the production cuts imposed by <a href="http://www.arescotx.com/tag/opec/">OPEC</a>, which poses a threat to the stranglehold that OPEC has had on global oil markets for decades.</p> <p>&#8220;People just don&#8217;t seem to realize how big the Permian is. It will eventually pass the Ghawar field in Saudi Arabia, and that is the biggest in the world,&#8221; said Scott Sheffield, founder of Pioneer Natural Resources.</p> <p>Sheffield goes on to speculate that Permian crude production could reach as high as 10 million barrels per day within ten years, which is almost five times its <a href="http://www.eia.gov/petroleum/drilling/#tabs-summary-2" target="_blank">current production</a> rate.</p> <p><a href="http://www.arescotx.com/contact-us/"><img class="aligncenter size-full wp-image-4787" 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> <p>OilPrice.com reported, &#8220;The Permian pays off better than any other field. Occidental Petroleum Corp., which thinks of the Permian as its &#8216;growth engine,&#8217; has indicated it is keeping its primary focus on its 2.5 million acres there, where production costs are so low a price threshold below $40/barrel still assures profitability. The Permian&#8217;s so rich, one Occidental exec noted to <a href="http://www.naturalgasintel.com/articles/109379-oxy-tightens-ties-to-permian-basin-certain-global-plays" target="_blank">Natural Gas Intel</a>, &#8220;It is pretty hard to drill a dry hole there.&#8221;</p> <p>CNBC reported, &#8220;One of the <a href="http://www.cnbc.com/2017/03/03/oil-majors-move-deeper-into-shale-country-bumping-up-us-production.html" target="_blank">hottest stories this year is the bounty of the Permian Basin,</a> which runs beneath Texas and New Mexico and offers a new prosperity to the likes of even an <a href="http://data.cnbc.com/quotes/XOM" target="_blank">Exxon Mobil</a>, which can profit with $40 oil because of <a href="http://www.arescotx.com/tag/drilling-technology/">technological drilling advances</a> pioneered by the U.S. industry.&#8221;</p> <p>When OPEC started the price war over two years ago, the U.S. <a href="http://www.arescotx.com/tag/shale-boom/">shale boom</a> had the appearance of being all but over. However, its resilience was underestimated by OPEC. Instead of falling prey to Saudi Arabia and OPEC&#8217;s struggle for crude market share, the U.S. shale industry, particularly in the <a href="http://www.arescotx.com/tag/permian-basin/">Permian Basin</a>, continues to thrive and looks to usher in U.S. dominance in the global oil market.</p> <p><span style="color: #ff0000;"><strong><a href="http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-4720" 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></strong></span></p> <p><span style="color: #ff0000;"><strong>RELATED &gt;&gt;</strong></span> <a href="http://www.arescotx.com/new-shale-boom/">New Shale Boom Could Be Bigger Than the First</a></p> <p><strong><span style="color: #ff0000;">RELATED &gt;&gt;</span></strong> <a href="http://www.arescotx.com/category/permian-basin-oil-news/">Permian Basin Oil News</a></p> <p><span style="color: #ff0000;"><strong>RELATED &gt;&gt;</strong></span> <a href="http://www.arescotx.com/permian-basin-discovery-great-news-for-texas/">Permian Basin Discovery Great News for Texas!</a></p> ]]></content:encoded> </item> <item> <title>New Shale Boom Could Be Bigger Than the First</title> <link>http://www.arescotx.com/new-shale-boom/</link> <pubDate>Mon, 05 Jun 2017 21:00:29 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Donald J Trump]]></category> <category><![CDATA[Oil Market]]></category> <category><![CDATA[OPEC]]></category> <category><![CDATA[Shale Boom]]></category> <category><![CDATA[Shale Oil]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=15491</guid> <description><![CDATA[The recent upswing in domestic crude production, particularly in the Permian Basin, ... ]]></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-shale-boom/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=New Shale Boom Could Be Bigger Than the First&url=http://www.arescotx.com/new-shale-boom/" 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-shale-boom/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.digg.com/submit?url=http://www.arescotx.com/new-shale-boom/" target="_blank" title="Share to Digg" class="s3-digg hint--top"></a><a href="http://reddit.com/submit?url=http://www.arescotx.com/new-shale-boom/&title=New Shale Boom Could Be Bigger Than the First" target="_blank" title="Share to Reddit" class="s3-reddit hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/new-shale-boom/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><a href="http://www.stumbleupon.com/submit?url=http://www.arescotx.com/new-shale-boom/&title=New Shale Boom Could Be Bigger Than the First" target="_blank" title="Share to StumbleUpon" class="s3-stumbleupon hint--top"></a><a href="http://www.tumblr.com/share/link?url=http%3A%2F%2Fwww.arescotx.com%2Fnew-shale-boom%2F&name=New+Shale+Boom+Could+Be+Bigger+Than+the+First" target="_blank" title="Share to Tumblr" class="s3-tumblr 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%20Shale%20Boom%20Could%20Be%20Bigger%20Than%20the%20First&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/new-shale-boom/" title="Email this article" class="s3-email hint--top"></a></div><p><a href="http://www.arescotx.com/wp-content/uploads/shale-oil.jpg" data-rel="lightbox-0" title=""><img class="alignleft wp-image-15493" src="http://www.arescotx.com/wp-content/uploads/shale-oil.jpg" alt="Get ready for the next shale oil boom!" width="375" height="249" srcset="http://www.arescotx.com/wp-content/uploads/shale-oil.jpg 848w, http://www.arescotx.com/wp-content/uploads/shale-oil-300x200.jpg 300w, http://www.arescotx.com/wp-content/uploads/shale-oil-768x511.jpg 768w" sizes="(max-width: 375px) 100vw, 375px" /></a>The recent upswing in domestic crude production, particularly in the Permian Basin, is on pace to outperform the shale boom of 2011 through 2015.</p> <p>Julian Lee posted a <a href="https://www.bloomberg.com/gadfly/articles/2017-02-26/with-shale-oil-production-like-this-who-needs-trump">recent article</a> on Bloomberg that goes into great detail on the new shale boom and it affects OPEC and the world <a href="http://www.arescotx.com/tag/oil-market/">oil market</a>.</p> <p>Lee said, &#8220;The current boom in U.S. oil production is even stronger now than the run from July 2011 to April 2015. And this is with oil prices at half their previous level and before President <a href="http://www.arescotx.com/tag/donald-j-trump/">Donald Trump</a> has done anything to meet his pledge to &#8216;lift the restrictions on American energy and allow this wealth to pour into our communities.&#8217; Output growth could accelerate if prices rise, or costs fall further.&#8221;</p> <p>Lee goes on to write about the OPEC price war targeting the U.S. shale industry, &#8220;OPEC launched a strategy to protect market share in 2014 with a specific aim to knock out high-cost oil production such as shale. After the group succumbed to internal financial pressures and agreed in November to cut output by around 1.2 million barrels a day, Saudi oil minister Khalid Al-Falih said he didn&#8217;t expect a big supply response from American shale producers in 2017.&#8221;</p> <p><a href="http://www.txoilinvestments.com/"><img class="size-full wp-image-4787 aligncenter" 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> <p>During the first <a href="http://www.arescotx.com/tag/shale-boom/">shale boom</a>, crude production rose at an average monthly rate of 93,000 barrels per day. However, in the current shale boom, production rates are growing at an average monthly rate of 125,000 barrels per day.</p> <p>The U.S. shale industry is now &#8216;leaner and meaner&#8217; as a result of the oil price plunge of 2015. The oilfield crews are the best of the best. Technology has improved and more automation is coming into play. The process is becoming more streamlined and efficient and companies are able to go into production more quickly and at less cost.</p> <p>This raises an interesting question, &#8220;Is it possible that the Saudi-led <a href="http://www.arescotx.com/tag/opec/">OPEC</a> price war against the U.S. shale industry backfired?&#8221;</p> <p>Perhaps OPEC underestimated the tenacity of U.S. oil producers and good ol&#8217; American ingenuity.</p> <p><span style="color: #ff0000;"><strong>RELATED &gt;&gt;</strong></span> <a href="http://www.arescotx.com/staging-the-next-boom-shale-2-0/">Staging the Next Boom: Shale 2.0</a></p> ]]></content:encoded> </item> <item> <title>Permian to Corpus Pipeline Proposed by TexStar</title> <link>http://www.arescotx.com/permian-to-corpus-pipeline-proposed-by-texstar/</link> <pubDate>Mon, 22 May 2017 15:29:20 +0000</pubDate> <dc:creator><![CDATA[SEOadmin]]></dc:creator> <category><![CDATA[Oil and Gas Current Events]]></category> <category><![CDATA[Oil and Gas Interesting Facts]]></category> <category><![CDATA[Permian Basin Oil News]]></category> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[EPIC Pipeline]]></category> <category><![CDATA[Permian Basin]]></category> <guid isPermaLink="false">http://www.arescotx.com/?p=15390</guid> <description><![CDATA[TexStar Midstream Logistics along with Castleton Commodities International and Ironwood Midstream Energy ... ]]></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-to-corpus-pipeline-proposed-by-texstar/" target="_blank" title="Share to Facebook" class="s3-facebook hint--top"></a><a href="http://twitter.com/intent/tweet?text=Permian to Corpus Pipeline Proposed by TexStar&url=http://www.arescotx.com/permian-to-corpus-pipeline-proposed-by-texstar/" 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-to-corpus-pipeline-proposed-by-texstar/" target="_blank" title="Share to Google Plus" class="s3-google-plus hint--top"></a><a href="http://www.digg.com/submit?url=http://www.arescotx.com/permian-to-corpus-pipeline-proposed-by-texstar/" target="_blank" title="Share to Digg" class="s3-digg hint--top"></a><a href="http://reddit.com/submit?url=http://www.arescotx.com/permian-to-corpus-pipeline-proposed-by-texstar/&title=Permian to Corpus Pipeline Proposed by TexStar" target="_blank" title="Share to Reddit" class="s3-reddit hint--top"></a><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://www.arescotx.com/permian-to-corpus-pipeline-proposed-by-texstar/" target="_blank" title="Share to LinkedIn" class="s3-linkedin hint--top"></a><a href="http://www.stumbleupon.com/submit?url=http://www.arescotx.com/permian-to-corpus-pipeline-proposed-by-texstar/&title=Permian to Corpus Pipeline Proposed by TexStar" target="_blank" title="Share to StumbleUpon" class="s3-stumbleupon hint--top"></a><a href="http://www.tumblr.com/share/link?url=http%3A%2F%2Fwww.arescotx.com%2Fpermian-to-corpus-pipeline-proposed-by-texstar%2F&name=Permian+to+Corpus+Pipeline+Proposed+by+TexStar" target="_blank" title="Share to Tumblr" class="s3-tumblr 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%20to%20Corpus%20Pipeline%20Proposed%20by%20TexStar&Body=Here%20is%20the%20link%20to%20the%20article:%20http://www.arescotx.com/permian-to-corpus-pipeline-proposed-by-texstar/" title="Email this article" class="s3-email hint--top"></a></div><p><a href="http://www.arescotx.com/wp-content/uploads/pipeline-welder.jpg" data-rel="lightbox-0" title=""><img class="alignleft wp-image-15391" src="http://www.arescotx.com/wp-content/uploads/pipeline-welder.jpg" alt="Pipeline Welder" width="375" height="250" srcset="http://www.arescotx.com/wp-content/uploads/pipeline-welder.jpg 847w, http://www.arescotx.com/wp-content/uploads/pipeline-welder-300x200.jpg 300w, http://www.arescotx.com/wp-content/uploads/pipeline-welder-768x512.jpg 768w" sizes="(max-width: 375px) 100vw, 375px" /></a>TexStar Midstream Logistics along with Castleton Commodities International and Ironwood Midstream Energy Partners are planning a 730-mile pipeline that extends from the Permian Basin southeast to Corpus Christi.&nbsp;</p> <p>The pipeline, dubbed &#8216;EPIC,&#8217; would have the capacity of carrying up to 40,000 barrels per day of crude and condensates from West Texas to Gulf Coast refineries and ports.</p> <p>&#8220;TexStar and its partners are excited to extend our business into the <a href="https://www.arescotx.com/category/permian-basin-oil-news/">Permian Basin</a>, where we see tremendous opportunity and continued growth. TexStar has a proven track record of building crude oil pipelines in emerging areas and looks forward to expanding upon its relationships with producers to make the project a success,&#8221; says Phil Mezey, CEO of TexStar&#8217;s general partner.</p> <p><a href="http://www.txoilinvestments.com/"><img class="size-full wp-image-4787 aligncenter" 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> <p>TexStar was originally founded in San Antonio, TX in 2004 by Phil Mezey and Scott Martin.</p> <p>The <a href="http://www.arescotx.com/tag/epic-pipeline/">EPIC pipeline</a> is expected to be operational by the first quarter of 2019.</p> ]]></content:encoded> </item> </channel> </rss>