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Permian Basin | Aresco
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href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/texas-oil-and-gas-investing/" title="View all posts in Texas Oil and Gas Investing" rel="category tag">Texas Oil and Gas Investing</a></p> <p><a title="Permian Basin Energy Production" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/permian-rising-booming-energy-production-driving-tx-nm-economies/permian-basin-energy-production/" target="_blank" rel="attachment wp-att-3586"><img class="alignleft wp-image-3586" style="border: 0px none; margin: 5px 10px;" alt="Permian Basin Energy Production" src="https://web.archive.org/web/20140525154703im_/http://www.arescotx.com/wp-content/uploads/permian-basin-energy-production-300x225.jpg" width="240" height="180"/></a>Increasing oil and gas production from the Eagle Ford formation and the Permian Basin has propelled Texas passed yet another petroleum milestone. If it were its own “kingdom,” the Lone Star State would rank as the <a title="Oil and Gas Boom in Texas" href="https://web.archive.org/web/20140525154703/http://www.forbes.com/sites/davidblackmon/2014/01/09/oil-gas-boom-2014-a-great-time-to-be-a-texan/" target="_blank">9th largest oil-producing nation in the world</a>.</p> <p>Texas leapt passed oil giants like Nigeria, Mexico, Kuwait, Brazil and Venezuela moving solidly into the oil producing top ten in the twelve months preceding September 2013. Texas is on deck to surpass OPEC giants Iran, Iraq, and the United Arab Emirates if current production trends maintain their momentum.</p> <p>Much of this success is owing to the geologically opportune <strong><a title="Permian Basin" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/permian-basin/">Permian Basin</a></strong>, where crude production is expanding rapidly. <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/boom-stresses-expose-rich-permian-opportunities/#more-3803" class="more-link">Read More</a></p> </div><!-- end entry --> <!-- Stop The Loop (but note the "else:" - see next line). --> <!-- Display the Title as a link to the Post's permalink. --> <div class="entry"><h1><a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/new-study-backs-future-crude-oil-exports-from-the-gulf-coast/">New study backs future crude oil exports from the Gulf Coast</a></h1> <p style="font-size:11px;margin-top:-20px;">Thursday, April 17th, 2014 and is filed under <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a></p> <p><em><a title="Gulf Coast Oil" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/new-study-backs-future-crude-oil-exports-from-the-gulf-coast/gulf-coast-oil/" target="_blank" rel="attachment wp-att-3689"><img class="alignleft wp-image-3689" style="border: 0px none; margin: 5px 10px;" alt="gulf-coast-oil" src="https://web.archive.org/web/20140525154703im_/http://www.arescotx.com/wp-content/uploads/gulf-coast-oil.jpg" width="280" height="210"/></a>by Jordan Blum ~ Reporter, Houston Business Journal</em></p> <p>Lifting the crude oil export ban in the U.S. would lead to thousands of new Gulf Coast jobs — particularly for Houston energy companies — and could even lower the price of domestic fuels, according to a new study sponsored by the <a title="American Petroleum Institute" href="https://web.archive.org/web/20140525154703/http://www.bizjournals.com/profiles/company/us/dc/washington/american_petroleum_institute/3256208" target="_blank">American Petroleum Institute</a>.</p> <p>The U.S. is poised to soon become the world’s top producer of oil, largely because of tight oil production in the shale plays in Texas’ <a title="Permian Basin" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/permian-basin/" target="_blank">Permian Basin</a> and more. <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/new-study-backs-future-crude-oil-exports-from-the-gulf-coast/#more-3687" class="more-link">Read More</a></p> </div><!-- end entry --> <!-- Stop The Loop (but note the "else:" - see next line). --> <!-- Display the Title as a link to the Post's permalink. --> <div class="entry"><h1><a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/five-states-and-the-gulf-of-mexico-produce-more-than-80-of-u-s-crude-oil/">Five states and the Gulf of Mexico produce more than 80% of U.S. crude oil</a></h1> <p style="font-size:11px;margin-top:-20px;">Thursday, April 10th, 2014 and is filed under <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/texas-oil-and-gas-investing/" title="View all posts in Texas Oil and Gas Investing" rel="category tag">Texas Oil and Gas Investing</a></p> <p>Crude oil production in Texas has grown from 25% of U.S. oil production to 35%. Production in the Permian Basin has been the driving factor behind this substantial increase.</p> <p>North Dakota’s Bakken Shale area is also a major producer in U.S. oil production with a 12% share overall. <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/five-states-and-the-gulf-of-mexico-produce-more-than-80-of-u-s-crude-oil/#more-3654" class="more-link">Read More</a></p> </div><!-- end entry --> <!-- Stop The Loop (but note the "else:" - see next line). --> <!-- Display the Title as a link to the Post's permalink. --> <div class="entry"><h1><a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/permian-rising-booming-energy-production-driving-tx-nm-economies/">Permian Rising ~ Booming Energy Production Driving TX & NM Economies</a></h1> <p style="font-size:11px;margin-top:-20px;">Monday, March 17th, 2014 and is filed under <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a></p> <p><a title="Permian Basin Energy Production" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/permian-rising-booming-energy-production-driving-tx-nm-economies/permian-basin-energy-production/" target="_blank" rel="attachment wp-att-3586"><img class="alignleft size-medium wp-image-3586" style="border: 0px none; margin: 5px 10px;" alt="Permian Basin Energy Production" src="https://web.archive.org/web/20140525154703im_/http://www.arescotx.com/wp-content/uploads/permian-basin-energy-production-300x225.jpg" width="300" height="225"/></a>Booming energy production in the Permian Basin of Texas and New Mexico is driving one of the fastest growing regional economies in America. <a title="Midland and Odessa Texas Energy Production" href="https://web.archive.org/web/20140525154703/http://www.usatoday.com/story/money/business/2014/02/01/america-growing-shrinking-economies/5089373/" target="_blank">Midland and Odessa Texas</a>—in the heart of the Permian Basin—are the two of the nation’s fastest growing economies. <a title="Permian Oil Production" href="https://web.archive.org/web/20140525154703/http://www.eia.gov/petroleum/drilling/?src=home-b1#tabs-summary-2" target="_blank">Permian oil production</a> is surging so resoundingly that it is not only surpassing the <a title="Eagle Ford Shale" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/eagle-ford-shale/">Eagle Ford Shale</a> formation in South-Central, Texas; it is eclipsing production in North Dakota’s Bakken formation as well.</p> <p>Permian crude oil production is expected to hit a record <a title="Permian crude oil production expected to hit a record 1.41 million barrels per day" href="https://web.archive.org/web/20140525154703/http://www.businessweek.com/news/2014-03-07/oil-rigs-rise-to-highest-level-in-26-years-of-baker-hughes-data" target="_blank">1.41 million barrels a day in March</a>, up from 1.3 million a year earlier according to the Energy Information Administration. In addition, the <a title="US oil rig count surged to 1,443" href="https://web.archive.org/web/20140525154703/http://gis.bakerhughesdirect.com/Reports/StandardReport.aspx" target="_blank">U.S. Oil rig count surged in early March to 1,443</a>—the highest total since the industry began tracking the counts in 1987 (<a title="Texas marked 755 oil rigs" href="https://web.archive.org/web/20140525154703/http://gis.bakerhughesdirect.com/Reports/StandardReport.aspx" target="_blank">Texas marked 755 oil rigs</a>, for a total of 864 oil and gas rigs). <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/permian-rising-booming-energy-production-driving-tx-nm-economies/#more-3584" class="more-link">Read More</a></p> </div><!-- end entry --> <!-- Stop The Loop (but note the "else:" - see next line). --> <!-- Display the Title as a link to the Post's permalink. --> <div class="entry"><h1><a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/why-invest-in-north-american-energy-and-why-now/">Why invest in North American energy, and why now?</a></h1> <p style="font-size:11px;margin-top:-20px;">Tuesday, February 18th, 2014 and is filed under <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/new-mexico-oil-and-gas-investing/" title="View all posts in New Mexico Oil and Gas Investing" rel="category tag">New Mexico Oil and Gas Investing</a>, <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/texas-oil-and-gas-investing/" title="View all posts in Texas Oil and Gas Investing" rel="category tag">Texas Oil and Gas Investing</a></p> <p><a title="Investing in Texas Oil" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/why-invest-in-north-american-energy-and-why-now/investing-in-texas-oil/" target="_blank" rel="attachment wp-att-3508"><img class="alignleft wp-image-3508" style="border: 0px none; margin: 5px 10px;" alt="Investing in Texas Oil" src="https://web.archive.org/web/20140525154703im_/http://www.arescotx.com/wp-content/uploads/investing-in-texas-oil.jpg" width="175" height="263"/></a>As 2014 opens, the North American energy revolution continues to help our economy and provide compelling investment opportunities across the energy value chain.</p> <p>North American crude oil production topped 8 million barrels per day (bbl/d) in 2013 and production is on pace to reach 9.3 bbl/d by 2015, the highest level in 43 years. At the same time, the U.S. is now producing enough natural gas to meet its needs independent of imports. This results in improving business fundamentals for companies spanning the energy value chain — from the exploration and productions companies producing these valuable resources to the pipeline and related infrastructure companies that transport oil and gas to the end users. <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/why-invest-in-north-american-energy-and-why-now/#more-3506" class="more-link">Read More</a></p> </div><!-- end entry --> <!-- Stop The Loop (but note the "else:" - see next line). --> <!-- Display the Title as a link to the Post's permalink. --> <div class="entry"><h1><a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/forget-north-dakota-texas-is-no-1-for-oil/">Forget North Dakota, Texas is No. 1 for Oil</a></h1> <p style="font-size:11px;margin-top:-20px;">Thursday, February 13th, 2014 and is filed under <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a></p> <p><em>By Daniel J. Graeber for OilPrice.com</em></p> <p>Advances in <a title="Drilling Technology" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/drilling-technology/">drilling technology</a> are expected to help North Dakota hit the 1 million barrel per day mark at some point this year. But it’s Texas that still holds the leadership position in terms of oil production. Don’t mess with Texas.</p> <p>The <a title="Texas Railroad Commission" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/texas-railroad-commission/">Texas Railroad Commission</a>, the state’s energy regulator, <a href="https://web.archive.org/web/20140525154703/http://www.rrc.state.tx.us/data/production/" target="_blank" rel="nofollow">said</a> 54.4 million barrels of oil were produced in the state in November, the last full month for which data are available. While only 1.5 percent greater year-on-year, that figure is 82 percent higher than five years ago. <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/forget-north-dakota-texas-is-no-1-for-oil/#more-3501" class="more-link">Read More</a></p> </div><!-- end entry --> <!-- Stop The Loop (but note the "else:" - see next line). --> <!-- Display the Title as a link to the Post's permalink. --> <div class="entry"><h1><a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/us-crude-oil-production-forecasts-strong-growth-through-2015/">US Crude Oil Production Forecasts Strong Growth Through 2015</a></h1> <p style="font-size:11px;margin-top:-20px;">Wednesday, January 29th, 2014 and is filed under <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a></p> <p><a title="US Crude Oil Production Chart" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/wp-content/uploads/us-crude-oil-production-chart.png" target="_blank" rel="lightbox-0"><img class="alignleft size-full wp-image-3429" style="border: 0px none; margin: 5px 10px;" alt="US Crude Oil Production Chart" src="https://web.archive.org/web/20140525154703im_/http://www.arescotx.com/wp-content/uploads/us-crude-oil-production-chart.png" width="336" height="224"/></a>Strong growth in U.S. crude oil production, primarily attributable to growing volumes of light crude oil produced from onshore tight oil formations, has reshaped global oil markets in recent years. EIA expects this growth trend to continue for the next two years, as forecast in this month’s Short-Term Energy Outlook (STEO).</p> <p>EIA estimates that U.S. crude oil production averaged 7.5 million barrels per day (bbl/d) in 2013, the highest annual average rate of production since 1989, and a 1.0-million-bbl/d increase from 2012 (Figure 1). In the January STEO, which extends the forecast period through 2015, EIA expects continued strong production growth. EIA projects crude oil production to average 8.5 million bbl/d in 2014 and 9.3 million bbl/d in 2015, which would be the highest annual rate of crude oil production since 1972. The record highest annual average crude oil production was 9.6 million bbl/d in 1970. <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/us-crude-oil-production-forecasts-strong-growth-through-2015/#more-3428" class="more-link">Read More</a></p> </div><!-- end entry --> <!-- Stop The Loop (but note the "else:" - see next line). --> <!-- Display the Title as a link to the Post's permalink. --> <div class="entry"><h1><a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/texas-share-of-domestic-oil-production-tops-30/">Texas’ share of domestic oil production tops 30%</a></h1> <p style="font-size:11px;margin-top:-20px;">Wednesday, January 15th, 2014 and is filed under <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/oil-and-gas-interesting-facts/" title="View all posts in Oil and Gas Interesting Facts" rel="category tag">Oil and Gas Interesting Facts</a></p> <p><span style="font-size: x-large;"><a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/wp-content/uploads/oil-quick-facts-002.gif" target="_blank" rel="lightbox-0"><img class="alignleft wp-image-3260" style="border: 0px none; margin: 5px 10px;" alt="Texas Oil Production tops 30% of Domestic" src="https://web.archive.org/web/20140525154703im_/http://www.arescotx.com/wp-content/uploads/oil-quick-facts-002.gif" width="200" height="200"/></a>In mid-2009, Texas was producing less than 20% of America’s domestic crude oil. The recent gusher of unconventional oil being produced in the Eagle Ford Shale and Permian Basin areas of Texas, thanks to breakthrough drilling technologies, has recently pushed the Lone Star State’s share of domestic crude oil above 30%.</span></p> <p><em><span style="font-size: large;">Source: AEI Ideas</span></em></p> <p><a title="Oil and Gas #QuickFacts" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/og-education-resources/oil-and-gas-quickfacts/">More Oil & Gas Quick Facts</a></p> <p><a title="Oil & Gas Interests Explored – Pathways to Profit" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/oil-gas-interests-explored-pathways-to-profit/" target="_blank">If you are interested in oil & gas investment opportunities, click here.</a></p> </div><!-- end entry --> <!-- Stop The Loop (but note the "else:" - see next line). --> <!-- Display the Title as a link to the Post's permalink. --> <div class="entry"><h1><a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/permian-basin-brings-over-a-billion-barrels-of-oil-opportunity/">Permian Basin Brings Over a Billion Barrels of Oil Opportunity</a></h1> <p style="font-size:11px;margin-top:-20px;">Wednesday, November 6th, 2013 and is filed under <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/texas-oil-and-gas-investing/" title="View all posts in Texas Oil and Gas Investing" rel="category tag">Texas Oil and Gas Investing</a></p> <p><a title="Permian Basin Oil" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/wp-content/uploads/permian-basin-shale-oil.jpg" target="_blank" rel="lightbox-0"><img class="alignleft size-full wp-image-3039" style="border: 0px none; margin: 5px 10px;" alt="Permian Basin Shale Oil" src="https://web.archive.org/web/20140525154703im_/http://www.arescotx.com/wp-content/uploads/permian-basin-shale-oil.jpg" width="225" height="225"/></a>The Permian Basin in West Texas is truly a story of the Phoenix rising from the ashes. Since its discovery, the oil-rich region has had its ups and downs, with activity sloping downward through the 1960s and early 1970s, reviving with higher oil prices in the late 1970s and 1980s, dwindling again in the 1990s and then roaring back in the 2000s. Now there is a growing consensus that the region may hold much more oil than was ever estimated in the past. <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/permian-basin-brings-over-a-billion-barrels-of-oil-opportunity/#more-3104" class="more-link">Read More</a></p> </div><!-- end entry --> <!-- Stop The Loop (but note the "else:" - see next line). --> <!-- Display the Title as a link to the Post's permalink. --> <div class="entry"><h1><a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/new-eia-publication-provides-insight-and-analysis-on-domestic-production-trends/">New EIA publication provides insight and analysis on domestic production trends</a></h1> <p style="font-size:11px;margin-top:-20px;">Tuesday, October 29th, 2013 and is filed under <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/category/oil-and-gas-current-events/" title="View all posts in Oil and Gas Current Events" rel="category tag">Oil and Gas Current Events</a></p> <p>The Energy Information Administration (EIA) has begun publishing a new report to provide detailed, region-specific insights and analysis into rig efficiency, new well productivity, decline rates at previously existing wells, and overall production trends.</p> <h2>According to EIA.gov: <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/new-eia-publication-provides-insight-and-analysis-on-domestic-production-trends/#more-3074" class="more-link">Read More</a></h2> </div><!-- end entry --> <!-- Stop The Loop (but note the "else:" - see next line). --> <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/permian-basin/page/2/">Next Page »</a></div><!-- end content --> <div id="sidebar"> <p class="titles">Recent News</p> <ul> <li> <a href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/eagle-ford-shale-boom-may-soon-cross-mexican-border/">Eagle Ford Shale Boom May Soon Cross Mexican 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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-43 utcw-tag utcw-tag-bakken-shale" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/bakken-shale/" style="font-size:10px" title="1 topic">Bakken Shale</a> <a class="tag-link-35 utcw-tag utcw-tag-barnett-shale" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/barnett-shale/" style="font-size:10px" title="1 topic">Barnett Shale</a> <a class="tag-link-20 utcw-tag utcw-tag-brandon-laxton" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/brandon-laxton/" style="font-size:10px" title="1 topic">Brandon Laxton</a> <a class="tag-link-46 utcw-tag utcw-tag-brazos-basin" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/brazos-basin/" style="font-size:10px" title="1 topic">Brazos Basin</a> <a class="tag-link-7 utcw-tag utcw-tag-crude-oil-prices" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/crude-oil-prices/" style="font-size:10px" title="1 topic">Crude Oil Prices</a> <a class="tag-link-39 utcw-tag utcw-tag-domestic-oil-production" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/domestic-oil-production/" style="font-size:11.5384615385px" title="2 topics">Domestic Oil Production</a> <a class="tag-link-5 utcw-tag utcw-tag-drilling-technology" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/drilling-technology/" style="font-size:23.8461538462px" title="10 topics">Drilling Technology</a> <a class="tag-link-10 utcw-tag utcw-tag-eagle-ford-shale" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/eagle-ford-shale/" style="font-size:30px" title="14 topics">Eagle Ford Shale</a> <a class="tag-link-33 utcw-tag utcw-tag-eagle-ford-shale-production" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/eagle-ford-shale-production/" style="font-size:13.0769230769px" title="3 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/20140525154703/http://www.arescotx.com/tag/energy-information-administration-eia/" style="font-size:14.6153846154px" title="4 topics">Energy Information Administration (EIA)</a> <a class="tag-link-36 utcw-tag utcw-tag-energy-production" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/energy-production/" style="font-size:10px" title="1 topic">Energy Production</a> <a class="tag-link-27 utcw-tag utcw-tag-fayetteville-shale" href="https://web.archive.org/web/20140525154703/http://www.arescotx.com/tag/fayetteville-shale/" style="font-size:10px" title="1 topic">Fayetteville Shale</a> <a class="tag-link-42 utcw-tag utcw-tag-fracking" 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