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class="text"> <div id="content"> <h1>Crude Oil Price Plunge Ripples Will be Short Lived</h1> <div class="wp-socializer-buttons clearfix"> <span class="wpsr-btn">  <div class="fb-like" data-href="http://www.arescotx.com/crude-oil-price-plunge-ripples-will-be-short-lived/" data-share="false" data-layout="button_count" data-show-faces="0" data-action="like" data-colorscheme="light"></div>  </span> <span class="wpsr-btn">  <a href="https://web.archive.org/web/20150312104008/http://twitter.com/share" class="twitter-share-button" data-count="horizontal" data-via="ArescoLP" data-lang="en" data-url="https://web.archive.org/web/20150312104008/http://www.arescotx.com/crude-oil-price-plunge-ripples-will-be-short-lived/" data-text="Crude Oil Price Plunge Ripples Will be Short Lived - "></a>  </span> <span class="wpsr-btn">  <div class="g-plusone" data-size="medium" data-href="http://www.arescotx.com/crude-oil-price-plunge-ripples-will-be-short-lived/"></div>  </span> <span class="wpsr-btn">  <script type="IN/Share" data-url="http://www.arescotx.com/crude-oil-price-plunge-ripples-will-be-short-lived/" data-counter="right"></script>  </span> <span class="wpsr-btn">  <div style="padding-right:50px"><a href="https://web.archive.org/web/20150312104008/http://pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.arescotx.com%2Fcrude-oil-price-plunge-ripples-will-be-short-lived%2F&media=http%3A%2F%2Fwww.arescotx.com%2Fwp-content%2Fuploads%2Fcrude-oil-price-plunge.jpg" data-pin-do="buttonPin" data-pin-config="beside"><img border="0" src="//web.archive.org/web/20150312104008im_/http://assets.pinterest.com/images/pidgets/pinit_fg_en_rect_gray_20.png" alt="Pinterest" title="Pin It"/></a></div>  </span> </div><p><a href="https://web.archive.org/web/20150312104008/http://www.arescotx.com/wp-content/uploads/crude-oil-price-plunge.jpg" rel="lightbox-0"><img class="alignleft size-medium wp-image-5471" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20150312104008im_/http://www.arescotx.com/wp-content/uploads/crude-oil-price-plunge-300x225.jpg" alt="Crude Oil Price Plunge" width="300" height="225"/></a>With the jarring jolt unleashed from grinding tectonic plates, plunging oil prices have rocked and rolled the energy boom. “<a title="Texas Freaking Out About the Oil Crash" href="https://web.archive.org/web/20150312104008/http://www.businessinsider.com/dallas-fed-manufacturing-december-29-2014-12" target="_blank">Texas Freaking Out About the Oil Crash</a>,” blares the <em>Business Insider</em>. “<a title="Oil boom heading for a bust" href="https://web.archive.org/web/20150312104008/http://www.dallasnews.com/business/energy/20150115-texas-oil-boom-heading-for-bust-in-a-hurry.ece" target="_blank">Oil boom heading for a bust in a hurry</a>,” worries the <em>Dallas Morning News</em>.</p> <p>U.S. Steel is <a href="https://web.archive.org/web/20150312104008/http://www.reuters.com/article/2015/01/22/ussteel-plant-idUSL1N0V030V20150122" target="_blank">idling plants</a> and laying off workers in Ohio and <a href="https://web.archive.org/web/20150312104008/http://www.usatoday.com/story/money/business/2015/01/06/us-steel-layoffs/21346405/" target="_blank">Houston</a> as oil industry demand for pipe, tubing, and well casings dries up. Houston-based oil field services provider Baker Hughes Inc. <a href="https://web.archive.org/web/20150312104008/http://www.bizjournals.com/sanantonio/print-edition/2015/01/23/falling-crude-prices-prompt-layoffs-at-baker.html?iana=ind_energy" target="_blank">will trim 7,000</a> from its ranks. Houston-based Shlumberger Limited, the world’s largest oil field services firm, answered the price crater <a href="https://web.archive.org/web/20150312104008/http://www.wsj.com/articles/schlumberger-profit-falls-on-lower-oil-prices-1421358734" target="_blank">with 9,000 layoffs</a>.<span id="more-5467"></span></p> <p>Plus production infrastructure is declining. Rig counts have seen their steepest declines in years. According to Baker Hughes, total <a href="https://web.archive.org/web/20150312104008/http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsoverview" target="_blank">oil and gas rig counts stood at 1,676</a> as of January 16, down 74 from the prior week and a drop of 101 from the same period last year. It’s the steepest decline since March 2009. Is the energy industry entering a dark age? Not so fast.</p> <p><strong>Ray Through the Price Clouds</strong><br/> The sudden price plunge will sting at first, but most experts believe these price levels will be short-lived. And the energy sector as a whole will come out stronger, as efficiencies and improvements reverberate across the industry. Shale developers will strategically drive oil services contracts down. Drilling companies will drop rates to keep their rigs active. Energy boomtowns, which have been outrunning their headlights since the boom took off after 2009, can now catch their breath and focus on infrastructure such as roads, housing, and public works.</p> <p>Transportation costs will plummet. Equipment, service contracts, and acreage holdings could turn into bargain investment opportunities for companies seeking long-term energy strategies. And the window for those opportunities could suddenly slam shut within months.</p> <p><a href="https://web.archive.org/web/20150312104008/http://www.usoilinvestments.com/"><img class="aligncenter size-full wp-image-5412" src="https://web.archive.org/web/20150312104008im_/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"/></a></p> <p><strong>Surging Oil Prices Months Away?</strong><br/> Oil’s sudden nosedive has a fairly simple explanation. Supply is on the upswing because of the U.S. shale oil boom. Sustained high prices have gradually eroded demand. Low-cost Middle East producers withdrew support for $100 prices because they were losing market share to feisty new North American suppliers. The supply-demand equation was ripe for correction.</p> <p>But those dynamics work in the opposite direction too. Plummeting oil prices could spark sustained demand, once the holiday spending hangover recedes. That calculus may be helped along by flattened or reduced production. Most of the large producing OPEC nations, after all, need oil to hover around $100 per barrel to balance their fiscal budgets.</p> <p>Drilling projects worldwide are being delayed or cancelled, and less drilling spells less supply. Plus: <a href="https://web.archive.org/web/20150312104008/http://oilprice.com/Energy/Oil-Prices/Be-Prepared-For-An-Oil-Price-Spike.html" target="_blank">historical patterns show prices inevitably rise</a> after dramatic slumps. Triple digit prices look like they are in the offing—sooner rather than later.</p> <p>The latest <a title="Oil Market Report" href="https://web.archive.org/web/20150312104008/https://www.iea.org/oilmarketreport/omrpublic/" target="_blank"><em>Oil Market Report</em></a> issued by the International Energy Agency suggests the price tide may already be turning. World demand is expected to increase in the second quarter, and year-over-year demand is predicted to jump by 910,000 barrels per day. Supply and demand will work their way into balance over the next several months. Seventy-seven dollar barrels by August would not be unexpected. And the industry will meet the upswing in leaner, meaner form.</p> <div id="content"> <hr/> <p><strong>About Aresco LP</strong><br/> <em>Aresco LP is a privately held Dallas-based exploration and production company actively engaged in developmental drilling, mineral leasing, and production acquisitions in conventional and unconventional oil plays throughout Texas, Oklahoma, and New Mexico. The company specializes in production-driven projects designed to provide income stability and strong growth potential. Aresco’s asset portfolio provides a strong balance of ownership positions in rapidly developing conventional formations and development projects in proven oilfields with decades of active drilling and production. <a title="Oil Investment Opportunities" href="https://web.archive.org/web/20150312104008/http://www.usoilinvestments.com/" target="_blank">Click here</a> to request info on our current investment opportunities.</em></p> </div> <div class="nextpages"></div> <p><b><a href="https://web.archive.org/web/20150312104008/http://www.arescotx.com/what-determines-crude-oil-prices/">previous post: What determines crude oil prices?</a></b></p> <p><b><a href="https://web.archive.org/web/20150312104008/http://www.arescotx.com/bradley-winton-joins-aresco-as-vp-of-exploration/">next post: Bradley Winton Joins Aresco as VP of Exploration!</a></b></p> </div> <div id="sidebar"> <div id="flags" class="size"><ul id="sortable" class="ui-sortable" style="float:left"><li id="English"><a title="English" class="notranslate flag en"></a></li></ul></div><div id="google_language_translator"></div> <p class="titles">Recent News</p> <ul> <li> <a href="https://web.archive.org/web/20150312104008/http://www.arescotx.com/office-closed-march-5th/">Office Closed – March 5th</a> </li> <li> <a href="https://web.archive.org/web/20150312104008/http://www.arescotx.com/crude-oil-export-ban-the-talk-of-the-industry/">Crude Oil Export Ban the Talk of the Industry</a> </li> <li> <a href="https://web.archive.org/web/20150312104008/http://www.arescotx.com/has-shale-disrupted-oil-investment-metrics/">Has Shale Disrupted Oil Investment Metrics?</a> </li> <li> <a href="https://web.archive.org/web/20150312104008/http://www.arescotx.com/bradley-winton-joins-aresco-as-vp-of-exploration/">Bradley Winton Joins Aresco as VP of Exploration!</a> </li> <li> <a href="https://web.archive.org/web/20150312104008/http://www.arescotx.com/crude-oil-price-plunge-ripples-will-be-short-lived/">Crude Oil Price Plunge Ripples Will be Short Lived</a> </li> </ul> <style scoped type="text/css">.utcw-b1fq2ep {word-wrap:break-word}.utcw-b1fq2ep span,.utcw-b1fq2ep a{border-width:0px}.utcw-b1fq2ep span:hover,.utcw-b1fq2ep a:hover{border-width:0px}</style><p class="titles">Tag Cloud</p><div class="utcw-b1fq2ep tagcloud"><a class="tag-link-54 utcw-tag utcw-tag-anadarko-basin" href="https://web.archive.org/web/20150312104008/http://www.arescotx.com/tag/anadarko-basin/" style="font-size:10.8333333333px" title="2 topics">Anadarko Basin</a> <a class="tag-link-43 utcw-tag utcw-tag-bakken-shale" href="https://web.archive.org/web/20150312104008/http://www.arescotx.com/tag/bakken-shale/" style="font-size:13.3333333333px" title="5 topics">Bakken Shale</a> <a class="tag-link-35 utcw-tag utcw-tag-barnett-shale" href="https://web.archive.org/web/20150312104008/http://www.arescotx.com/tag/barnett-shale/" style="font-size:11.6666666667px" title="3 topics">Barnett Shale</a> <a class="tag-link-68 utcw-tag 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