CINXE.COM

<!DOCTYPE HTML> <html lang="en-US" <head> <meta charset="UTF-8"/> <script type="text/javascript" src="/_static/js/bundle-playback.js?v=HxkREWBo" charset="utf-8"></script> <script type="text/javascript" src="/_static/js/wombat.js?v=txqj7nKC" charset="utf-8"></script> <script>window.RufflePlayer=window.RufflePlayer||{};window.RufflePlayer.config={"autoplay":"on","unmuteOverlay":"hidden"};</script> <script type="text/javascript" src="/_static/js/ruffle/ruffle.js"></script> <script type="text/javascript"> __wm.init("https://web.archive.org/web"); __wm.wombat("http://www.arescotx.com/permian-shale-threatens-opec-dominance/","20170908110426","https://web.archive.org/","web","/_static/", "1504868666"); </script> <link rel="stylesheet" type="text/css" href="/_static/css/banner-styles.css?v=S1zqJCYt" /> <link rel="stylesheet" type="text/css" href="/_static/css/iconochive.css?v=3PDvdIFv" />  <title>Permian Shale Threatens OPEC Dominance</title> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <link href="https://web.archive.org/web/20170908110426cs_/https://fonts.googleapis.com/css?family=Montserrat:400,700|Droid+Sans:400,700|Droid+Serif:400,400italic,700" rel="stylesheet" type="text/css"> <link rel="shortcut icon" href="https://web.archive.org/web/20170908110426im_/http://www.arescotx.com/wp-content/themes/aresco2016/favicon.png"/> <style type="text/css" media="screen"> @import url( https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/themes/aresco2016/style.css ); </style>    <link rel="alternate" type="application/rss+xml" title="RSS 2.0" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/feed/"/>    <meta name="description" content="Permian shale has led the oil boom and OPEC is having a hard time swallowing that fact. Crude output in the Permian has been a thorn-in-the-side of OPEC."/> <meta name="keywords" content="permian shale"/>  <link rel="dns-prefetch" href="//web.archive.org/web/20170908110426/http://maps.googleapis.com/"/> <link rel="dns-prefetch" href="//web.archive.org/web/20170908110426/http://s.w.org/"/> <script type="text/javascript"> window._wpemojiSettings = {"baseUrl":"https:\/\/web.archive.org\/web\/20170908110426\/https:\/\/s.w.org\/images\/core\/emoji\/2.2.1\/72x72\/","ext":".png","svgUrl":"https:\/\/web.archive.org\/web\/20170908110426\/https:\/\/s.w.org\/images\/core\/emoji\/2.2.1\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/web.archive.org\/web\/20170908110426\/http:\/\/www.arescotx.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=ace669e3e785b74feb464188876ad8f5"}}; !function(a,b,c){function d(a){var b,c,d,e,f=String.fromCharCode;if(!k||!k.fillText)return!1;switch(k.clearRect(0,0,j.width,j.height),k.textBaseline="top",k.font="600 32px Arial",a){case"flag":return k.fillText(f(55356,56826,55356,56819),0,0),!(j.toDataURL().length<3e3)&&(k.clearRect(0,0,j.width,j.height),k.fillText(f(55356,57331,65039,8205,55356,57096),0,0),b=j.toDataURL(),k.clearRect(0,0,j.width,j.height),k.fillText(f(55356,57331,55356,57096),0,0),c=j.toDataURL(),b!==c);case"emoji4":return k.fillText(f(55357,56425,55356,57341,8205,55357,56507),0,0),d=j.toDataURL(),k.clearRect(0,0,j.width,j.height),k.fillText(f(55357,56425,55356,57341,55357,56507),0,0),e=j.toDataURL(),d!==e}return!1}function e(a){var c=b.createElement("script");c.src=a,c.defer=c.type="text/javascript",b.getElementsByTagName("head")[0].appendChild(c)}var f,g,h,i,j=b.createElement("canvas"),k=j.getContext&&j.getContext("2d");for(i=Array("flag","emoji4"),c.supports={everything:!0,everythingExceptFlag:!0},h=0;h<i.length;h++)c.supports[i[h]]=d(i[h]),c.supports.everything=c.supports.everything&&c.supports[i[h]],"flag"!==i[h]&&(c.supports.everythingExceptFlag=c.supports.everythingExceptFlag&&c.supports[i[h]]);c.supports.everythingExceptFlag=c.supports.everythingExceptFlag&&!c.supports.flag,c.DOMReady=!1,c.readyCallback=function(){c.DOMReady=!0},c.supports.everything||(g=function(){c.readyCallback()},b.addEventListener?(b.addEventListener("DOMContentLoaded",g,!1),a.addEventListener("load",g,!1)):(a.attachEvent("onload",g),b.attachEvent("onreadystatechange",function(){"complete"===b.readyState&&c.readyCallback()})),f=c.source||{},f.concatemoji?e(f.concatemoji):f.wpemoji&&f.twemoji&&(e(f.twemoji),e(f.wpemoji)))}(window,document,window._wpemojiSettings); </script> <style type="text/css"> img.wp-smiley, img.emoji { display: inline !important; border: none !important; box-shadow: none !important; height: 1em !important; width: 1em !important; margin: 0 .07em !important; vertical-align: -0.1em !important; background: none !important; padding: 0 !important; } </style> <link rel="stylesheet" id="dashicons-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-includes/css/dashicons.min.css?ver=ace669e3e785b74feb464188876ad8f5" type="text/css" media="all"/> <link rel="stylesheet" id="wp-jquery-ui-dialog-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-includes/css/jquery-ui-dialog.min.css?ver=ace669e3e785b74feb464188876ad8f5" type="text/css" media="all"/> <link rel="stylesheet" id="responsive-lightbox-swipebox-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/plugins/responsive-lightbox/assets/swipebox/css/swipebox.min.css?ver=1.6.12" type="text/css" media="all"/> <link rel="stylesheet" id="responsive-video-light-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/plugins/responsive-video-light/css/responsive-videos.css?ver=20130111" type="text/css" media="all"/> <link rel="stylesheet" id="rs-plugin-settings-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/plugins/revslider/public/assets/css/settings.css?ver=5.1.6" type="text/css" media="all"/> <style id="rs-plugin-settings-inline-css" type="text/css"> #rs-demo-id {} </style> <link rel="stylesheet" id="simple-social-share-main-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/plugins/simple-social-share/css/style.css?ver=ace669e3e785b74feb464188876ad8f5" type="text/css" media="all"/> <link rel="stylesheet" id="tooltipster-css-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/plugins/simple-social-share/css/tooltipster.css?ver=ace669e3e785b74feb464188876ad8f5" type="text/css" media="all"/> <link rel="stylesheet" id="js_composer_custom_css-css" href="//web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/uploads/js_composer/custom.css?ver=5.0.1" type="text/css" media="all"/> <link rel="stylesheet" id="ubermenu-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/plugins/ubermenu/pro/assets/css/ubermenu.min.css?ver=3.2.5" type="text/css" media="all"/> <link rel="stylesheet" id="ubermenu-vanilla-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/plugins/ubermenu/assets/css/skins/vanilla.css?ver=ace669e3e785b74feb464188876ad8f5" type="text/css" media="all"/> <link rel="stylesheet" id="ubermenu-font-awesome-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/plugins/ubermenu/assets/css/fontawesome/css/font-awesome.min.css?ver=4.3" type="text/css" media="all"/> <link rel="stylesheet" id="bsf-Defaults-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/uploads/smile_fonts/Defaults/Defaults.css?ver=ace669e3e785b74feb464188876ad8f5" type="text/css" media="all"/> <link rel="stylesheet" id="UserAccessManagerAdmin-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/plugins/user-access-manager/css/uamAdmin.css?ver=1.0" type="text/css" media="screen"/> <link rel="stylesheet" id="UserAccessManagerLoginForm-css" href="https://web.archive.org/web/20170908110426cs_/http://www.arescotx.com/wp-content/plugins/user-access-manager/css/uamLoginForm.css?ver=1.0" type="text/css" media="screen"/> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/jquery/jquery.js?ver=1.12.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/jquery/jquery-migrate.min.js?ver=1.4.1"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-content/plugins/responsive-lightbox/assets/swipebox/js/jquery.swipebox.min.js?ver=1.6.12"></script> <script type="text/javascript"> /* <![CDATA[ */ var rlArgs = {"script":"swipebox","selector":"lightbox","customEvents":"","activeGalleries":"1","animation":"1","hideCloseButtonOnMobile":"0","removeBarsOnMobile":"0","hideBars":"1","hideBarsDelay":"5000","videoMaxWidth":"1080","useSVG":"1","loopAtEnd":"0"}; /* ]]> */ </script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-content/plugins/responsive-lightbox/js/front.js?ver=1.6.12"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-content/plugins/revslider/public/assets/js/jquery.themepunch.tools.min.js?ver=5.1.6"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-content/plugins/revslider/public/assets/js/jquery.themepunch.revolution.min.js?ver=5.1.6"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-content/plugins/simple-social-share/js/jquery.tooltipster.js?ver=ace669e3e785b74feb464188876ad8f5"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-content/plugins/duracelltomi-google-tag-manager/js/gtm4wp-form-move-tracker.js?ver=1.5.1"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-content/plugins/user-access-manager/js/functions.js?ver=ace669e3e785b74feb464188876ad8f5"></script> <link rel="https://api.w.org/" href="http://www.arescotx.com/wp-json/"/> <link rel="EditURI" type="application/rsd+xml" title="RSD" href="http://www.arescotx.com/xmlrpc.php?rsd"/> <link rel="wlwmanifest" type="application/wlwmanifest+xml" href="http://www.arescotx.com/wp-includes/wlwmanifest.xml"/> <link rel="prev" title="New Shale Boom Could Be Bigger Than the First" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/new-shale-boom/"/> <link rel="next" title="TerrAdapt™ Adaptive Drill Bit by Baker Hughes" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/terradapt-adaptive-drill-bit-by-baker-hughes/"/> <link rel="shortlink" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/?p=15602"/> <link rel="alternate" type="application/json+oembed" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/wp-json/oembed/1.0/embed?url=http%3A%2F%2Fwww.arescotx.com%2Fpermian-shale-threatens-opec-dominance%2F"/> <link rel="alternate" type="text/xml+oembed" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/wp-json/oembed/1.0/embed?url=http%3A%2F%2Fwww.arescotx.com%2Fpermian-shale-threatens-opec-dominance%2F&format=xml"/> <style id="ubermenu-custom-generated-css"> /** UberMenu Custom Menu Styles (Customizer) **/ /* main */ .ubermenu-main { background:#ffffff; } .ubermenu-main .ubermenu-item-level-0 > .ubermenu-target { font-size:14px; text-transform:uppercase; color:#000000; -webkit-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); -moz-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); -o-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); padding-top:15px; padding-bottom:15px; padding-left:12px; padding-right:12px; } .ubermenu-main .ubermenu-nav .ubermenu-item.ubermenu-item-level-0 > .ubermenu-target { font-weight:normal; } .ubermenu.ubermenu-main .ubermenu-item-level-0:hover > .ubermenu-target, .ubermenu-main .ubermenu-item-level-0.ubermenu-active > .ubermenu-target { color:#00548d; } .ubermenu-main .ubermenu-item-level-0.ubermenu-current-menu-item > .ubermenu-target, .ubermenu-main .ubermenu-item-level-0.ubermenu-current-menu-parent > .ubermenu-target, .ubermenu-main .ubermenu-item-level-0.ubermenu-current-menu-ancestor > .ubermenu-target { color:#00548d; } .ubermenu-main .ubermenu-item.ubermenu-item-level-0 > .ubermenu-highlight { color:#00548d; background:#f4f4f4; } .ubermenu-main .ubermenu-item-level-0.ubermenu-active > .ubermenu-target,.ubermenu-main .ubermenu-item-level-0:hover > .ubermenu-target { -webkit-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); -moz-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); -o-box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); box-shadow:inset 1px 0 0 0 rgba(255,255,255,0); } .ubermenu-main.ubermenu-sub-indicators .ubermenu-item-level-0.ubermenu-has-submenu-drop > .ubermenu-target:not(.ubermenu-noindicator) { padding-right:27px; } .ubermenu-main.ubermenu-sub-indicators .ubermenu-item-level-0.ubermenu-has-submenu-drop > .ubermenu-target.ubermenu-noindicator { padding-right:12px; } .ubermenu-main .ubermenu-item-normal > .ubermenu-target { color:#000000; font-size:14px; } .ubermenu.ubermenu-main .ubermenu-item-normal > .ubermenu-target:hover, .ubermenu.ubermenu-main .ubermenu-item-normal:hover > .ubermenu-target, .ubermenu.ubermenu-main .ubermenu-item-normal.ubermenu-active > .ubermenu-target { color:#00548d; } .ubermenu-main .ubermenu-item-normal.ubermenu-current-menu-item > .ubermenu-target { color:#727272; } .ubermenu.ubermenu-main .ubermenu-item-normal > .ubermenu-target:hover, .ubermenu.ubermenu-main .ubermenu-item-normal.ubermenu-active > .ubermenu-target { background-color:#e8e8e8; } .ubermenu-main .ubermenu-submenu-type-flyout > .ubermenu-item-normal > .ubermenu-target { border-bottom:1px solid #cccccc; } .ubermenu.ubermenu-main .ubermenu-tabs .ubermenu-tabs-group { background-color:#00548d; } .ubermenu.ubermenu-main .ubermenu-tab > .ubermenu-target { color:#ffffff; } .ubermenu.ubermenu-main .ubermenu-submenu .ubermenu-tab.ubermenu-active > .ubermenu-target { color:#ffffff; } .ubermenu.ubermenu-main .ubermenu-tab.ubermenu-active > .ubermenu-target { background-color:#00548d; } .ubermenu-responsive-toggle.ubermenu-responsive-toggle-main { font-size:16px; background:#ffffff; color:#000000; } .ubermenu-responsive-toggle.ubermenu-responsive-toggle-main:hover { background:#eaeaea; color:#000000; } /* Status: Loaded from Transient */ </style><script type="text/javascript"> (function(url){ if(/(?:Chrome\/26\.0\.1410\.63 Safari\/537\.31|WordfenceTestMonBot)/.test(navigator.userAgent)){ return; } var addEvent = function(evt, handler) { if (window.addEventListener) { document.addEventListener(evt, handler, false); } else if (window.attachEvent) { document.attachEvent('on' + evt, handler); } }; var removeEvent = function(evt, handler) { if (window.removeEventListener) { document.removeEventListener(evt, handler, false); } else if (window.detachEvent) { document.detachEvent('on' + evt, handler); } }; var evts = 'contextmenu dblclick drag dragend dragenter dragleave dragover dragstart drop keydown keypress keyup mousedown mousemove mouseout mouseover mouseup mousewheel scroll'.split(' '); var logHuman = function() { var wfscr = document.createElement('script'); wfscr.type = 'text/javascript'; wfscr.async = true; wfscr.src = url + '&r=' + Math.random(); (document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(wfscr); for (var i = 0; i < evts.length; i++) { removeEvent(evts[i], logHuman); } }; for (var i = 0; i < evts.length; i++) { addEvent(evts[i], logHuman); } })('//web.archive.org/web/20170908110426/http://www.arescotx.com/?wordfence_logHuman=1&hid=67E80CDE6674B20FC5ECAD764A7BDC9B'); </script>  <script data-cfasync="false" type="text/javascript"> var gtm4wp_datalayer_name = "dataLayer"; var dataLayer = dataLayer || [] dataLayer.push({"pagePostType":"post","pagePostType2":"single-post","pageCategory":["oil-and-gas-current-events","permian-basin-oil-news","texas-oil-and-gas-investing"],"pageAttributes":["crude-oil","drilling-technology","fracking","oil-production","opec","permian-basin","shale-boom","shale-oil","texas-oil-production"],"pagePostAuthor":"SEOadmin"}); </script> <script data-cfasync="false">(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= '//web.archive.org/web/20170908110426/http://www.googletagmanager.com/gtm.'+'js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-KCLCKNJ');</script>  <link rel="canonical" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/permian-shale-threatens-opec-dominance/"/> <meta name="generator" content="Powered by Visual Composer - drag and drop page builder for WordPress."/> <meta name="generator" content="Powered by Slider Revolution 5.1.6 - responsive, Mobile-Friendly Slider Plugin for WordPress with comfortable drag and drop interface."/> <noscript><style type="text/css"> .wpb_animate_when_almost_visible { opacity: 1; }</style></noscript> </head> <body class="post-template-default single single-post postid-15602 single-format-standard wpb-js-composer js-comp-ver-5.0.1 vc_responsive ">  <noscript><iframe src="//web.archive.org/web/20170908110426if_/http://www.googletagmanager.com/ns.html?id=GTM-KCLCKNJ" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript> <br style="display:none;"> <script>(function(w,d,t,r,u){var f,n,i;w[u]=w[u]||[],f=function(){var o={ti:"5268574"};o.q=w[u],w[u]=new UET(o),w[u].push("pageLoad")},n=d.createElement(t),n.src=r,n.async=1,n.onload=n.onreadystatechange=function(){var s=this.readyState;s&&s!=="loaded"&&s!=="complete"||(f(),n.onload=n.onreadystatechange=null)},i=d.getElementsByTagName(t)[0],i.parentNode.insertBefore(n,i)})(window,document,"script","//web.archive.org/web/20170908110426/http://bat.bing.com/bat.js","uetq");</script><noscript><img src="//web.archive.org/web/20170908110426im_/http://bat.bing.com/action/0?ti=5268574&Ver=2" height="0" width="0" style="display:none; visibility: hidden;"/></noscript> <header> <div class="container"> <div class="row"> <div class="col-md-4 col-sm-4 col-xs-8 logo"> <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/"><img src="https://web.archive.org/web/20170908110426im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/aresco-energy.png" width="265" height="91" alt="Aresco Energy"></a> </div> <div class="col-md-8 col-sm-8 col-xs-4 login"> <p style="text-align: right"><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/wp-login.php" title="Login">Partner Login</a></p> </div> </div> </div> <div id="thenav"> <div class="container"> <div class="row"> <div class="col-md-12">  <a class="ubermenu-responsive-toggle ubermenu-responsive-toggle-main ubermenu-skin-vanilla ubermenu-loc-top-nav ubermenu-responsive-toggle-content-align-left ubermenu-responsive-toggle-align-full " data-ubermenu-target="ubermenu-main-3-top-nav"><i class="fa fa-bars"></i>Menu</a><nav id="ubermenu-main-3-top-nav" class="ubermenu ubermenu-nojs ubermenu-main ubermenu-menu-3 ubermenu-loc-top-nav ubermenu-responsive ubermenu-responsive-default ubermenu-responsive-collapse ubermenu-horizontal ubermenu-transition-shift ubermenu-trigger-hover_intent ubermenu-skin-vanilla ubermenu-bar-align-full ubermenu-items-align-left ubermenu-bound ubermenu-disable-submenu-scroll ubermenu-sub-indicators ubermenu-retractors-responsive"><ul id="ubermenu-nav-main-3-top-nav" class="ubermenu-nav"><li id="menu-item-1997" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-has-children ubermenu-item-1997 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto ubermenu-has-submenu-drop ubermenu-has-submenu-flyout"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/about-aresco/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">About</span></a><ul class="ubermenu-submenu ubermenu-submenu-id-1997 ubermenu-submenu-type-flyout ubermenu-submenu-drop ubermenu-submenu-align-left_edge_item"><li id="menu-item-6044" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-6044 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/leadership/"><span class="ubermenu-target-title ubermenu-target-text">Leadership</span></a></li><li id="menu-item-2587" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-2587 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/about-aresco/why-aresco/"><span class="ubermenu-target-title ubermenu-target-text">Why Aresco</span></a></li><li id="menu-item-2586" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-2586 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/about-aresco/why-invest-in-oil-and-gas/"><span class="ubermenu-target-title ubermenu-target-text">Why Oil & Gas</span></a></li><li id="menu-item-4950" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4950 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/about-aresco/oil-investing-tax-shelter/"><span class="ubermenu-target-title ubermenu-target-text">Oil Investing Tax Shelter</span></a></li><li class="ubermenu-retractor ubermenu-retractor-mobile"><i class="fa fa-times"></i> Close</li></ul></li><li id="menu-item-2164" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-2164 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/oil-and-gas-investment-opportunities/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Projects</span></a></li><li id="menu-item-2126" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-2126 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/operations/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Areas of Interest</span></a></li><li id="menu-item-3132" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-has-children ubermenu-item-3132 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto ubermenu-has-submenu-drop ubermenu-has-submenu-flyout"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" title="Texas Oil Well Photos & Videos" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/photos-videos/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Photos & Videos</span></a><ul class="ubermenu-submenu ubermenu-submenu-id-3132 ubermenu-submenu-type-flyout ubermenu-submenu-drop ubermenu-submenu-align-left_edge_item"><li id="menu-item-8067" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-8067 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/photos-videos/life-cycle-of-an-oil-well/"><span class="ubermenu-target-title ubermenu-target-text">Life Cycle of an Oil Well</span></a></li><li id="menu-item-4654" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4654 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/photos-videos/3d-rig-tour/"><span class="ubermenu-target-title ubermenu-target-text">3D Rig Tour</span></a></li><li id="menu-item-7222" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-7222 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/photos-videos/what-is-a-blowout-preventer/"><span class="ubermenu-target-title ubermenu-target-text">What is a blowout preventer?</span></a></li><li id="menu-item-4652" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4652 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/photos-videos/multi-formation-vertical-well-drilling-animation/"><span class="ubermenu-target-title ubermenu-target-text">Multi Formation Vertical Well Drilling Animation</span></a></li><li id="menu-item-4655" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4655 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/photos-videos/well-log-animation/"><span class="ubermenu-target-title ubermenu-target-text">Well Log Animation</span></a></li><li id="menu-item-4656" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4656 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/photos-videos/salt-water-disposal-animation/"><span class="ubermenu-target-title ubermenu-target-text">Salt Water Disposal Animation</span></a></li><li id="menu-item-4663" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4663 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/photos-videos/drilling-haskell-east-1-haskell-county-tx/"><span class="ubermenu-target-title ubermenu-target-text">Drilling Haskell East # 1 well</span></a></li><li id="menu-item-4662" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4662 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/photos-videos/dexter-trinidad-drilling-rig-houston-county/"><span class="ubermenu-target-title ubermenu-target-text">Dexter Trinidad Drilling Rig</span></a></li><li id="menu-item-4842" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4842 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/photos-videos/drilling-the-noodle-canyon-1-in-jones-county-texas/"><span class="ubermenu-target-title ubermenu-target-text">Noodle Canyon #1</span></a></li><li class="ubermenu-retractor ubermenu-retractor-mobile"><i class="fa fa-times"></i> Close</li></ul></li><li id="menu-item-2334" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-has-children ubermenu-item-2334 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto ubermenu-has-submenu-drop ubermenu-has-submenu-flyout"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/og-education-resources/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Resources</span></a><ul class="ubermenu-submenu ubermenu-submenu-id-2334 ubermenu-submenu-type-flyout ubermenu-submenu-drop ubermenu-submenu-align-left_edge_item"><li id="menu-item-4008" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4008 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/og-education-resources/frequently-asked-questions/"><span class="ubermenu-target-title ubermenu-target-text">Frequently Asked Oil and Gas Questions</span></a></li><li id="menu-item-4001" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4001 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/og-education-resources/oil-and-gas-quickfacts/"><span class="ubermenu-target-title ubermenu-target-text">Oil and Gas Facts – #QuickFacts</span></a></li><li id="menu-item-6343" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-6343 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/og-education-resources/self-directed-iras/"><span class="ubermenu-target-title ubermenu-target-text">Self-Directed IRAs Alternative Investments</span></a></li><li id="menu-item-4002" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4002 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/og-education-resources/oil-and-gas-glossary/"><span class="ubermenu-target-title ubermenu-target-text">Oil and Gas Glossary of Terms</span></a></li><li id="menu-item-4003" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4003 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/og-education-resources/common-abbreviations/"><span class="ubermenu-target-title ubermenu-target-text">Common Abbreviations</span></a></li><li id="menu-item-9982" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-9982 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/og-education-resources/oil-and-gas-industry-quiz/"><span class="ubermenu-target-title ubermenu-target-text">Oil and Gas Industry Quiz</span></a></li><li class="ubermenu-retractor ubermenu-retractor-mobile"><i class="fa fa-times"></i> Close</li></ul></li><li id="menu-item-5288" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-has-children ubermenu-item-5288 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto ubermenu-has-submenu-drop ubermenu-has-submenu-flyout"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/oil-gas-industry-consulting-services/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Consulting</span></a><ul class="ubermenu-submenu ubermenu-submenu-id-5288 ubermenu-submenu-type-flyout ubermenu-submenu-drop ubermenu-submenu-align-left_edge_item"><li id="menu-item-5293" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5293 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/oil-gas-industry-consulting-services/oil-and-gas-investment-evaluation/"><span class="ubermenu-target-title ubermenu-target-text">Oil and Gas Investment Evaluation</span></a></li><li id="menu-item-5292" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5292 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/oil-gas-industry-consulting-services/geologic-field-appraisal/"><span class="ubermenu-target-title ubermenu-target-text">Geologic Field Appraisal</span></a></li><li id="menu-item-5291" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5291 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/oil-gas-industry-consulting-services/field-revitalization/"><span class="ubermenu-target-title ubermenu-target-text">Field Revitalization</span></a></li><li id="menu-item-5289" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5289 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/oil-gas-industry-consulting-services/submitting-an-investment-opportunity-evaluation-request/"><span class="ubermenu-target-title ubermenu-target-text">Investment Evaluation Request</span></a></li><li id="menu-item-5290" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5290 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/oil-gas-industry-consulting-services/submitting-a-prospect-review-request/"><span class="ubermenu-target-title ubermenu-target-text">Submit Prospect Review Request</span></a></li><li class="ubermenu-retractor ubermenu-retractor-mobile"><i class="fa fa-times"></i> Close</li></ul></li><li id="menu-item-1558" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-current_page_parent ubermenu-item-1558 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/latest-news/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">News</span></a></li><li id="menu-item-65" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-65 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/contact-us/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Contact</span></a></li><li id="menu-item-11034" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-11034 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/acquisitions/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Acquisitions</span></a></li></ul></nav>  </div> </div> </div> </div> </header><div id="rotator"> </div> <script type="text/javascript"> var imgCount = 8; var dir = 'https://web.archive.org/web/20170908110426/http://www.arescotx.com/bgimages/'; var randomCount = Math.round(Math.random() * (imgCount - 1)) + 1; var images = new Array images[1] = "01.jpg", images[2] = "02.jpg", images[3] = "03.jpg", images[4] = "04.jpg", images[5] = "05.jpg", images[6] = "06.jpg", images[7] = "07.jpg", images[8] = "08.jpg", document.getElementById("rotator").style.backgroundImage = "url(" + dir + images[randomCount] + ")"; </script> <div class="container content"> <div class="row"> <div class="col-lg-9 col-md-9 padright"> <h1 class="blogtitle">Permian Shale Threatens OPEC Dominance</h1> <p style="font-size:11px;">Tuesday, June 20th, 2017 and is filed under <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a>, <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/category/texas-oil-and-gas-investing/" rel="category tag">Texas Oil and Gas Investing</a></p> <div id="s-share-buttons" class="horizontal-w-c-circular s-share-w-c"><a href="https://web.archive.org/web/20170908110426/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="https://web.archive.org/web/20170908110426/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://web.archive.org/web/20170908110426/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="https://web.archive.org/web/20170908110426/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="https://web.archive.org/web/20170908110426/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="https://web.archive.org/web/20170908110426/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="https://web.archive.org/web/20170908110426/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="https://web.archive.org/web/20170908110426/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="//web.archive.org/web/20170908110426/http://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="//web.archive.org/web/20170908110426js_/http://assets.pinterest.com/js/pinit.js"></script><a href="https://web.archive.org/web/20170908110426/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="https://web.archive.org/web/20170908110426/http://www.arescotx.com/wp-content/uploads/permian-shale-39729008-m.jpg" data-rel="lightbox-0" title=""><img class="alignleft wp-image-15604" src="https://web.archive.org/web/20170908110426im_/http://www.arescotx.com/wp-content/uploads/permian-shale-39729008-m.jpg" alt="Permian Shale Pumpjack" width="375" height="240" srcset="https://web.archive.org/web/20170908110426im_/http://www.arescotx.com/wp-content/uploads/permian-shale-39729008-m.jpg 864w, https://web.archive.org/web/20170908110426im_/http://www.arescotx.com/wp-content/uploads/permian-shale-39729008-m-300x192.jpg 300w, https://web.archive.org/web/20170908110426im_/http://www.arescotx.com/wp-content/uploads/permian-shale-39729008-m-768x492.jpg 768w" sizes="(max-width: 375px) 100vw, 375px"/></a>The <a href="https://web.archive.org/web/20170908110426/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="https://web.archive.org/web/20170908110426/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>“People just don’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,” 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="https://web.archive.org/web/20170908110426/http://www.eia.gov/petroleum/drilling/#tabs-summary-2" target="_blank">current production</a> rate.</p> <p><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/contact-us/"><img class="aligncenter size-full wp-image-4787" src="https://web.archive.org/web/20170908110426im_/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, “The Permian pays off better than any other field. Occidental Petroleum Corp., which thinks of the Permian as its ‘growth engine,’ 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’s so rich, one Occidental exec noted to <a href="https://web.archive.org/web/20170908110426/http://www.naturalgasintel.com/articles/109379-oxy-tightens-ties-to-permian-basin-certain-global-plays" target="_blank">Natural Gas Intel</a>, “It is pretty hard to drill a dry hole there.”</p> <p>CNBC reported, “One of the <a href="https://web.archive.org/web/20170908110426/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="https://web.archive.org/web/20170908110426/http://data.cnbc.com/quotes/XOM" target="_blank">Exxon Mobil</a>, which can profit with $40 oil because of <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/drilling-technology/">technological drilling advances</a> pioneered by the U.S. industry.”</p> <p>When OPEC started the price war over two years ago, the U.S. <a href="https://web.archive.org/web/20170908110426/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’s struggle for crude market share, the U.S. shale industry, particularly in the <a href="https://web.archive.org/web/20170908110426/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="https://web.archive.org/web/20170908110426/http://www.txoilinvestments.com/"><img class="aligncenter size-full wp-image-4720" src="https://web.archive.org/web/20170908110426im_/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="https://web.archive.org/web/20170908110426im_/http://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil.jpg 600w, https://web.archive.org/web/20170908110426im_/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 >></strong></span> <a href="https://web.archive.org/web/20170908110426/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 >></span></strong> <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/category/permian-basin-oil-news/">Permian Basin Oil News</a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/permian-basin-discovery-great-news-for-texas/">Permian Basin Discovery Great News for Texas!</a></p> <div class="nextpages"></div> <div style="padding-top:30px;"> <ul class="pager">  <li class="nav-previous"><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/terradapt-adaptive-drill-bit-by-baker-hughes/" rel="next">Previous</a></li>  <li class="nav-bloghome"><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/latest-news/"><span class="icon"></span>All Posts</a></li>  <li class="nav-next"><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/new-shale-boom/" rel="prev">Next</a></li> </ul> </div> <ul class="pager"> <li></li> <li></li> </ul> </div> <div class="col-lg-3 col-md-3 sidebar"> <p class="titles">Recent Posts</p> <ul> <li> <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/permian-crude-fuels-oil-exports-from-corpus-christi-houston/">Permian Crude Fuels Oil Exports from Corpus Christi & Houston</a> </li> <li> <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/us-shale-production-on-record-setting-pace/">US Shale Production on Record-Setting Pace</a> </li> <li> <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/texas-drilling-permits-up-sharply-in-2017-vs-2016/">Texas Drilling Permits Up Sharply in 2017 Vs. 2016</a> </li> <li> <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/trump-admin-removes-obama-era-fossil-fuels-valuation-rule/">Trump Admin Removes Obama-Era Fossil Fuels Valuation Rule</a> </li> <li> <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/terradapt-adaptive-drill-bit-by-baker-hughes/">TerrAdapt™ Adaptive Drill Bit by Baker Hughes</a> </li> </ul> <p class="titles">Categories</p> <ul> <li class="cat-item cat-item-14"><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/category/new-mexico-oil-and-gas-investing/" title="New Mexico Oil and Gas investing articles, blogs, news, and videos at Aresco LP.">New Mexico Oil and Gas Investing</a> </li> <li class="cat-item cat-item-6"><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/category/oil-and-gas-current-events/" title="Oil and Gas current events and related articles, blogs, news, and videos at Aresco LP.">Oil and Gas Current Events</a> </li> <li class="cat-item cat-item-25"><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/category/oil-and-gas-interesting-facts/" title="Oil and gas interesting facts provided by Aresco LP.">Oil and Gas Interesting Facts</a> </li> <li class="cat-item cat-item-53"><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/category/permian-basin-oil-news/" title="Get the latest Permian Basin Oil News, articles, blogs, photos, and videos at Aresco LP!">Permian Basin Oil News</a> </li> <li class="cat-item cat-item-9"><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/category/texas-oil-and-gas-investing/" title="Texas oil and gas investing articles, blogs, news, and videos at Aresco LP.">Texas Oil and Gas Investing</a> </li> <li class="cat-item cat-item-1"><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/category/uncategorized/" title="General blog category on Aresco LP's Oil and Gas Current Events blog.">Uncategorized</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-65 utcw-tag utcw-tag-aresco-lp" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/aresco-lp/" style="font-size:10.5882352941px" title="6 topics">Aresco LP</a> <a class="tag-link-43 utcw-tag utcw-tag-bakken-shale" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/bakken-shale/" style="font-size:11.7647058824px" title="8 topics">Bakken Shale</a> <a class="tag-link-20 utcw-tag utcw-tag-brandon-laxton" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/brandon-laxton/" style="font-size:10.5882352941px" title="6 topics">Brandon Laxton</a> <a class="tag-link-95 utcw-tag utcw-tag-crude-oil" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/crude-oil/" style="font-size:30px" title="39 topics">Crude Oil</a> <a class="tag-link-70 utcw-tag utcw-tag-crude-oil-export-ban" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/crude-oil-export-ban/" style="font-size:10px" title="5 topics">Crude Oil Export Ban</a> <a class="tag-link-105 utcw-tag utcw-tag-crude-oil-exports" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/crude-oil-exports/" style="font-size:10.5882352941px" title="6 topics">Crude Oil Exports</a> <a class="tag-link-7 utcw-tag utcw-tag-crude-oil-prices" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/crude-oil-prices/" style="font-size:14.7058823529px" title="13 topics">Crude Oil Prices</a> <a class="tag-link-39 utcw-tag utcw-tag-domestic-oil-production" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/domestic-oil-production/" style="font-size:13.5294117647px" title="11 topics">Domestic Oil Production</a> <a class="tag-link-5 utcw-tag utcw-tag-drilling-technology" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/drilling-technology/" style="font-size:15.8823529412px" title="15 topics">Drilling Technology</a> <a class="tag-link-10 utcw-tag utcw-tag-eagle-ford-shale" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/eagle-ford-shale/" style="font-size:22.9411764706px" title="27 topics">Eagle Ford Shale</a> <a class="tag-link-33 utcw-tag utcw-tag-eagle-ford-shale-production" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/eagle-ford-shale-production/" style="font-size:11.1764705882px" title="7 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/20170908110426/http://www.arescotx.com/tag/energy-information-administration-eia/" style="font-size:15.2941176471px" title="14 topics">Energy Information Administration (EIA)</a> <a class="tag-link-42 utcw-tag utcw-tag-fracking" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/fracking/" style="font-size:13.5294117647px" title="11 topics">Fracking</a> <a class="tag-link-34 utcw-tag utcw-tag-horizontal-drilling" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/horizontal-drilling/" style="font-size:14.1176470588px" title="12 topics">Horizontal Drilling</a> <a class="tag-link-8 utcw-tag utcw-tag-hydraulic-fracturing" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/hydraulic-fracturing/" style="font-size:20px" title="22 topics">Hydraulic Fracturing</a> <a class="tag-link-29 utcw-tag utcw-tag-investing-in-texas-oil" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/investing-in-texas-oil/" style="font-size:10.5882352941px" title="6 topics">Investing in Texas Oil</a> <a class="tag-link-13 utcw-tag utcw-tag-oil-and-gas-investing" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/oil-and-gas-investing/" style="font-size:14.1176470588px" title="12 topics">Oil and Gas Investing</a> <a class="tag-link-19 utcw-tag utcw-tag-oil-exploration" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/oil-exploration/" style="font-size:11.7647058824px" title="8 topics">Oil Exploration</a> <a class="tag-link-17 utcw-tag utcw-tag-oil-production" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/oil-production/" style="font-size:19.4117647059px" title="21 topics">Oil Production</a> <a class="tag-link-32 utcw-tag utcw-tag-opec" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/opec/" style="font-size:15.2941176471px" title="14 topics">OPEC</a> <a class="tag-link-11 utcw-tag utcw-tag-permian-basin" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/permian-basin/" style="font-size:29.4117647059px" title="38 topics">Permian Basin</a> <a class="tag-link-57 utcw-tag utcw-tag-shale-oil" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/shale-oil/" style="font-size:11.1764705882px" title="7 topics">Shale Oil</a> <a class="tag-link-38 utcw-tag utcw-tag-sweet-crude-oil" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/sweet-crude-oil/" style="font-size:10px" title="5 topics">Sweet Crude Oil</a> <a class="tag-link-15 utcw-tag utcw-tag-texas-oil-production" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/texas-oil-production/" style="font-size:19.4117647059px" title="21 topics">Texas Oil Production</a> <a class="tag-link-37 utcw-tag utcw-tag-u-s-oil-production" href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/tag/u-s-oil-production/" style="font-size:12.3529411765px" title="9 topics">U.S. Oil Production</a></div><p class="titles">Archives</p> <label class="screen-reader-text" for="archives-dropdown-3">Archives</label> <select id="archives-dropdown-3" name="archive-dropdown" onchange="document.location.href=this.options[this.selectedIndex].value;"> <option value="">Select Month</option> <option value="http://www.arescotx.com/2017/09/"> September 2017 </option> <option value="http://www.arescotx.com/2017/08/"> August 2017 </option> <option value="http://www.arescotx.com/2017/06/"> June 2017 </option> <option value="http://www.arescotx.com/2017/05/"> May 2017 </option> <option value="http://www.arescotx.com/2017/02/"> February 2017 </option> <option value="http://www.arescotx.com/2017/01/"> January 2017 </option> <option value="http://www.arescotx.com/2016/12/"> December 2016 </option> <option value="http://www.arescotx.com/2016/11/"> November 2016 </option> <option value="http://www.arescotx.com/2016/10/"> October 2016 </option> <option value="http://www.arescotx.com/2016/09/"> September 2016 </option> <option value="http://www.arescotx.com/2016/08/"> August 2016 </option> <option value="http://www.arescotx.com/2016/07/"> July 2016 </option> <option value="http://www.arescotx.com/2016/06/"> June 2016 </option> <option value="http://www.arescotx.com/2016/05/"> May 2016 </option> <option value="http://www.arescotx.com/2016/04/"> April 2016 </option> <option value="http://www.arescotx.com/2016/03/"> March 2016 </option> <option value="http://www.arescotx.com/2016/01/"> January 2016 </option> <option value="http://www.arescotx.com/2015/12/"> December 2015 </option> <option value="http://www.arescotx.com/2015/11/"> November 2015 </option> <option value="http://www.arescotx.com/2015/09/"> September 2015 </option> <option value="http://www.arescotx.com/2015/08/"> August 2015 </option> <option value="http://www.arescotx.com/2015/07/"> July 2015 </option> <option value="http://www.arescotx.com/2015/06/"> June 2015 </option> <option value="http://www.arescotx.com/2015/05/"> May 2015 </option> <option value="http://www.arescotx.com/2015/04/"> April 2015 </option> <option value="http://www.arescotx.com/2015/03/"> March 2015 </option> <option value="http://www.arescotx.com/2015/02/"> February 2015 </option> <option value="http://www.arescotx.com/2015/01/"> January 2015 </option> <option value="http://www.arescotx.com/2014/12/"> December 2014 </option> <option value="http://www.arescotx.com/2014/11/"> November 2014 </option> <option value="http://www.arescotx.com/2014/10/"> October 2014 </option> <option value="http://www.arescotx.com/2014/09/"> September 2014 </option> <option value="http://www.arescotx.com/2014/08/"> August 2014 </option> <option value="http://www.arescotx.com/2014/07/"> July 2014 </option> <option value="http://www.arescotx.com/2014/06/"> June 2014 </option> <option value="http://www.arescotx.com/2014/05/"> May 2014 </option> <option value="http://www.arescotx.com/2014/04/"> April 2014 </option> <option value="http://www.arescotx.com/2014/03/"> March 2014 </option> <option value="http://www.arescotx.com/2014/02/"> February 2014 </option> <option value="http://www.arescotx.com/2014/01/"> January 2014 </option> <option value="http://www.arescotx.com/2013/12/"> December 2013 </option> <option value="http://www.arescotx.com/2013/11/"> November 2013 </option> <option value="http://www.arescotx.com/2013/10/"> October 2013 </option> <option value="http://www.arescotx.com/2013/09/"> September 2013 </option> <option value="http://www.arescotx.com/2013/06/"> June 2013 </option> </select> </div> </div> </div> <div id="footer"> <div class="container"> <div class="row"> <div class="col-md-12"> <center><p>This is not an offer to sell nor solicitation of an offer to buy any security. Such offer may only be made by a written prospectus in a jurisdiction wherein the offering is duly registered or exempt therefrom. This content is provided for informational purposes only. Nothing herein shall be construed as tax, legal, or accounting advice. Investing in oil and gas is highly speculative and could result in substantial losses. There are no guarantees that any returns will be achieved. Potential investors should consult their attorney, accountant, and financial advisors before investing in oil and gas.</p> </center> </div> </div> <div class="row" style="margin-top:20px;"> <div class="col-lg-6 col-md-6 col-sm-6"> <h3>Aresco LP</h3> <p>181 S Main Street, Suite 100 Prosper, TX 75078<br> Phone: 972-992-3127 / Fax: 972-992-3137</p> </div> <div class="col-lg-6 col-md-5 col-sm-6 copyright"> <p style="text-align: right"><a href="https://web.archive.org/web/20170908110426/https://www.facebook.com/Aresco-510139499068554/" target="_blank"><img src="https://web.archive.org/web/20170908110426im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/facebook.png" width="32" height="32" alt="Facebook" class="social"></a><a href="https://web.archive.org/web/20170908110426/https://twitter.com/ArescoLP" target="_blank"><img src="https://web.archive.org/web/20170908110426im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/twitter.png" width="32" height="32" alt="Twitter" class="social"></a><a href="https://web.archive.org/web/20170908110426/https://www.linkedin.com/company/aresco-lp" target="_blank"><img src="https://web.archive.org/web/20170908110426im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/linked-in.png" width="32" height="32" alt="LinkedIn" class="social"></a><a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/feed/" target="_blank"><img src="https://web.archive.org/web/20170908110426im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/rss.png" width="32" height="32" alt="RSS" class="social"></a></p> <p>© Copyright 2017 Aresco, LP. All rights reserved.<br> Site by <a href="https://web.archive.org/web/20170908110426/http://www.a3kdesign.com/" target="_blank" rel="nofollow">A3K Advertising, Inc</a><br> Admin <a href="https://web.archive.org/web/20170908110426/http://www.arescotx.com/wp-login.php">Log in</a></p> </div> </div> </div> </div> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/jquery/ui/core.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/jquery/ui/widget.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/jquery/ui/mouse.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/jquery/ui/resizable.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/jquery/ui/draggable.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/jquery/ui/button.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/jquery/ui/position.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/jquery/ui/dialog.min.js?ver=1.11.4"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/wpdialog.min.js?ver=ace669e3e785b74feb464188876ad8f5"></script> <script type="text/javascript" src="//web.archive.org/web/20170908110426js_/http://maps.googleapis.com/maps/api/js"></script> <script type="text/javascript"> /* <![CDATA[ */ var ubermenu_data = {"remove_conflicts":"on","reposition_on_load":"off","intent_delay":"300","intent_interval":"100","intent_threshold":"7","scrollto_offset":"50","scrollto_duration":"1000","responsive_breakpoint":"959","accessible":"on","retractor_display_strategy":"responsive","touch_off_close":"on","collapse_after_scroll":"on","v":"3.2.5","configurations":["main"],"ajax_url":"https:\/\/web.archive.org\/web\/20170908110426\/http:\/\/www.arescotx.com\/wp-admin\/admin-ajax.php","plugin_url":"https:\/\/web.archive.org\/web\/20170908110426\/http:\/\/www.arescotx.com\/wp-content\/plugins\/ubermenu\/"}; /* ]]> */ </script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-content/plugins/ubermenu/assets/js/ubermenu.min.js?ver=3.2.5"></script> <script type="text/javascript" src="https://web.archive.org/web/20170908110426js_/http://www.arescotx.com/wp-includes/js/wp-embed.min.js?ver=ace669e3e785b74feb464188876ad8f5"></script>    <script> window.__bp_session_timeout = '900'; window.__bp_session_freezing = 0; !function(){window.bizpanda||(window.bizpanda={}),window.bizpanda.bp_can_store_localy=function(){return!1},window.bizpanda.bp_ut_get_cookie=function(e){for(var n=e+"=",i=document.cookie.split(";"),o=0;o<i.length;o++){for(var t=i[o];" "==t.charAt(0);)t=t.substring(1);if(0==t.indexOf(n))return decodeURIComponent(t.substring(n.length,t.length))}return!1},window.bizpanda.bp_ut_set_cookie=function(e,n,i){var o=new Date;o.setTime(o.getTime()+24*i*60*60*1e3);var t="expires="+o.toUTCString();document.cookie=e+"="+encodeURIComponent(n)+"; "+t+"; path=/"},window.bizpanda.bp_ut_get_obj=function(e){var n=null;return(n=window.bizpanda.bp_can_store_localy()?window.localStorage.getItem("bp_ut_session"):window.bizpanda.bp_ut_get_cookie("bp_ut_session"))?(n=n.replace(/\-c\-/g,","),n=n.replace(/\-q\-/g,'"'),n=JSON.parse(n),n.started+1e3*e<(new Date).getTime()&&(n=null),n):!1},window.bizpanda.bp_ut_set_obj=function(e,n){e.started&&window.__bp_session_freezing||(e.started=(new Date).getTime());var e=JSON.stringify(e);e&&(e=e.replace(/\"/g,"-q-"),e=e.replace(/\,/g,"-c-")),window.bizpanda.bp_can_store_localy()?window.localStorage.setItem("bp_ut_session",e):window.bizpanda.bp_ut_set_cookie("bp_ut_session",e,5e3)},window.bizpanda.bp_ut_count_pageview=function(){var e=window.bizpanda.bp_ut_get_obj(window.__bp_session_timeout);e||(e={}),e.pageviews||(e.pageviews=0),0===e.pageviews&&(e.referrer=document.referrer,e.landingPage=window.location.href,e.pageviews=0),e.pageviews++,window.bizpanda.bp_ut_set_obj(e)},window.bizpanda.bp_ut_count_locker_pageview=function(){var e=window.bizpanda.bp_ut_get_obj(window.__bp_timeout);e||(e={}),e.lockerPageviews||(e.lockerPageviews=0),e.lockerPageviews++,window.bizpanda.bp_ut_set_obj(e)},window.bizpanda.bp_ut_count_pageview()}(); </script>  <script> jQuery(document).ready(function($) { $(".hint--top").tooltipster({animation: "grow",}); }); </script> <script> (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','//web.archive.org/web/20170908110426/http://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-46107884-1', 'arescotx.com'); ga('send', 'pageview'); </script> </body> </html>