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Permian Basin Canyon Sandstone Project Begins
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approximately 830 active drilling rigs, which accounts for around 47 percent of all U.S. drilling rigs and one quarter of drilling rigs worldwide.</span> <span id='quoteauthor'>Source: AEI Ideas</span>", "<span id='quote'>Oil production in the Lone Star State has more than doubled in less than three years, from 1.142 million barrels of oil per day (BOPD) in July 2010 to 2.295 million BOPD in February 2013.</span> <span id='quoteauthor'>Source: AEI Ideas</span>", "<span id='quote'>The exponential increase in Texas oil output over roughly the last three years has completely reversed the previous 23-year decline in the state’s oil production that took place from 1986 to 2009.</span> <span id='quoteauthor'>Source: AEI Ideas</span>", "<span id='quote'>In mid-2009, Texas was producing less than 20% of America’s domestic crude oil. 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Begins</h1> <h3>Aresco LP begins Permian Basin field-extension project targeting the Canyon Sandstone</h3> <p><a href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/permian-basin-canyon-sandstone-project-begins/permian-basin-canyon-sandstone/" target="_blank" rel="attachment wp-att-4699"><img class="alignleft wp-image-4699 size-medium" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20141027032914im_/http://www.arescotx.com/wp-content/uploads/permian-basin-canyon-sandstone-225x300.jpg" alt="Permian Basin Canyon Sandstone Project" width="225" height="300"/></a>(Dallas, Texas) –– Aresco LP, a privately held exploration and production company, today announced drilling has begun on the Noodle Canyon #1-H in Jones County, Texas. The 4,500’ vertical development project targets the <a title="Canyon Sandstone" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/canyon-sandstone/">Canyon Sandstone</a>, a conventional stacked play featuring five intervals along with three other potential pay zones.</p> <p>“The <a title="Noodle Canyon" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/noodle-canyon/">Noodle Canyon</a> #1 is just one of several conventional projects underway for us in Texas,” said <a title="Brandon Laxton" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/brandon-laxton/">Brandon Laxton</a>, President and CEO of Aresco LP. “While unconventional exploration may get all the headlines, we are finding success exploiting conventional fields with years of proven production, which helps manage the exploration risk for our operating and capital partners. We benefit from the decades of production and decline curve data available in the area and increase our overall potential with the addition of modern efficiencies in drilling and completion.”<span id="more-4696"></span></p> <p>The Noodle Canyon #1-H is the first of six wells in a <a title="Permian Basin" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/permian-basin/">Permian Basin</a> field-extension project that offsets the highly productive Noodle Northwest Oil Field and the Noodle North Field. These fields have produced a combined 3.5 million barrels of oil and 5 billion cubic feet of gas.</p> <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. To learn more, please visit <a title="ArescoTX.com" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/">www.arescotx.com</a>.</em></p> <p><a href="https://web.archive.org/web/20141027032914/http://www.txoilinvestments.com/" target="_blank"><img class="aligncenter wp-image-4720 size-full" src="https://web.archive.org/web/20141027032914im_/http://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil.jpg" alt="investing-in-permian-basin-oil" width="600" height="200"/></a></p> <div class="nextpages"></div> <p><b><a href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/permian-basin-oil-news-3/">previous post: Permian Basin Oil News</a></b></p> <p><b><a href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/permian-basin-news/">next post: Permian Basin News</a></b></p> </div><!-- end content --> <div id="sidebar"> <div id="flags"><a id="English" href="#" onclick="doGoogleLanguageTranslator('en|en'); return false;" title="English" class="notranslate flag en"><img class="flagimg" title="English" src="https://web.archive.org/web/20141027032914im_/http://www.arescotx.com/wp-content/plugins/google-language-translator/images/flags24/unitedkingdom.png" height="18" width="18" alt="English"/></a></div><script type="text/javascript"> function GoogleLanguageTranslatorInit() { new google.translate.TranslateElement({pageLanguage: 'en', includedLanguages:'zh-CN,en,ko', autoDisplay: false}, 'google_language_translator');} </script><script type="text/javascript" src="//web.archive.org/web/20141027032914js_/http://translate.google.com/translate_a/element.js?cb=GoogleLanguageTranslatorInit"></script> <div id="google_language_translator"></div> <p class="titles">Recent News</p> <ul> <li> <a href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/bridgetex-relieving-the-permian-basin-squeeze/">BridgeTex: Relieving the Permian Basin Squeeze</a> </li> <li> <a href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/permian-basin-news/">Permian Basin News</a> </li> <li> <a href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/permian-basin-canyon-sandstone-project-begins/">Permian Basin Canyon Sandstone Project Begins</a> </li> <li> <a href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/permian-basin-oil-news-3/">Permian Basin Oil News</a> </li> <li> <a href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/permian-basin-oil-news-2/">Permian Basin Oil News</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/20141027032914/http://www.arescotx.com/tag/anadarko-basin/" style="font-size:10px" title="1 topic">Anadarko Basin</a> <a class="tag-link-43 utcw-tag utcw-tag-bakken-shale" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/bakken-shale/" style="font-size:11.9047619048px" title="3 topics">Bakken Shale</a> <a class="tag-link-35 utcw-tag utcw-tag-barnett-shale" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/barnett-shale/" style="font-size:11.9047619048px" title="3 topics">Barnett Shale</a> <a class="tag-link-20 utcw-tag utcw-tag-brandon-laxton" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/brandon-laxton/" style="font-size:10.9523809524px" title="2 topics">Brandon Laxton</a> <a class="tag-link-46 utcw-tag utcw-tag-brazos-basin" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/brazos-basin/" style="font-size:10px" title="1 topic">Brazos Basin</a> <a class="tag-link-63 utcw-tag utcw-tag-bridgetex-pipeline" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/bridgetex-pipeline/" style="font-size:10px" title="1 topic">BridgeTex Pipeline</a> <a class="tag-link-52 utcw-tag utcw-tag-cline-shale" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/cline-shale/" style="font-size:10px" title="1 topic">Cline Shale</a> <a class="tag-link-51 utcw-tag utcw-tag-corpus-christi" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/corpus-christi/" style="font-size:10px" title="1 topic">Corpus Christi</a> <a class="tag-link-39 utcw-tag utcw-tag-domestic-oil-production" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/domestic-oil-production/" style="font-size:11.9047619048px" title="3 topics">Domestic Oil Production</a> <a class="tag-link-5 utcw-tag utcw-tag-drilling-technology" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/drilling-technology/" style="font-size:18.5714285714px" title="10 topics">Drilling Technology</a> <a class="tag-link-10 utcw-tag utcw-tag-eagle-ford-shale" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/eagle-ford-shale/" style="font-size:27.1428571429px" title="19 topics">Eagle Ford Shale</a> <a class="tag-link-33 utcw-tag utcw-tag-eagle-ford-shale-production" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/eagle-ford-shale-production/" style="font-size:12.8571428571px" title="4 topics">Eagle Ford Shale Production</a> <a class="tag-link-16 utcw-tag utcw-tag-energy-information-administration-eia" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/energy-information-administration-eia/" style="font-size:13.8095238095px" title="5 topics">Energy Information Administration (EIA)</a> <a class="tag-link-36 utcw-tag utcw-tag-energy-production" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/energy-production/" style="font-size:10.9523809524px" title="2 topics">Energy Production</a> <a class="tag-link-60 utcw-tag utcw-tag-fischer-tropsch" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/fischer-tropsch/" style="font-size:10px" title="1 topic">Fischer-Tropsch</a> <a class="tag-link-42 utcw-tag utcw-tag-fracking" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/fracking/" style="font-size:12.8571428571px" title="4 topics">Fracking</a> <a class="tag-link-30 utcw-tag utcw-tag-gas-prices" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/gas-prices/" style="font-size:10.9523809524px" title="2 topics">Gas Prices</a> <a class="tag-link-58 utcw-tag utcw-tag-gas-to-liquids" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/gas-to-liquids/" style="font-size:10px" title="1 topic">Gas to Liquids</a> <a class="tag-link-48 utcw-tag utcw-tag-halcon" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/halcon/" style="font-size:10px" title="1 topic">Halcón</a> <a class="tag-link-34 utcw-tag utcw-tag-horizontal-drilling" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/horizontal-drilling/" style="font-size:16.6666666667px" title="8 topics">Horizontal Drilling</a> <a class="tag-link-8 utcw-tag utcw-tag-hydraulic-fracturing" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/hydraulic-fracturing/" style="font-size:24.2857142857px" title="16 topics">Hydraulic Fracturing</a> <a class="tag-link-29 utcw-tag utcw-tag-investing-in-texas-oil" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/investing-in-texas-oil/" style="font-size:11.9047619048px" title="3 topics">Investing in Texas Oil</a> <a class="tag-link-26 utcw-tag utcw-tag-karnes-county-oil" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/karnes-county-oil/" style="font-size:10px" title="1 topic">Karnes County Oil</a> <a class="tag-link-4 utcw-tag utcw-tag-keystone-pipeline" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/keystone-pipeline/" style="font-size:10.9523809524px" title="2 topics">Keystone Pipeline</a> <a class="tag-link-45 utcw-tag utcw-tag-mexico-national-hydrocarbons-commission" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/mexico-national-hydrocarbons-commission/" style="font-size:10px" title="1 topic">Mexico National Hydrocarbons Commission</a> <a class="tag-link-18 utcw-tag utcw-tag-natural-gas-production" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/natural-gas-production/" style="font-size:12.8571428571px" title="4 topics">Natural Gas Production</a> <a class="tag-link-62 utcw-tag utcw-tag-noodle-canyon" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/noodle-canyon/" style="font-size:10px" title="1 topic">Noodle Canyon</a> <a class="tag-link-13 utcw-tag utcw-tag-oil-and-gas-investing" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/oil-and-gas-investing/" style="font-size:18.5714285714px" title="10 topics">Oil and Gas Investing</a> <a class="tag-link-19 utcw-tag utcw-tag-oil-exploration" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/oil-exploration/" style="font-size:11.9047619048px" title="3 topics">Oil Exploration</a> <a class="tag-link-17 utcw-tag utcw-tag-oil-production" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/oil-production/" style="font-size:20.4761904762px" title="12 topics">Oil Production</a> <a class="tag-link-32 utcw-tag utcw-tag-opec" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/opec/" style="font-size:10px" title="1 topic">OPEC</a> <a class="tag-link-44 utcw-tag utcw-tag-pemex" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/pemex/" style="font-size:10.9523809524px" title="2 topics">Pemex</a> <a class="tag-link-11 utcw-tag utcw-tag-permian-basin" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/permian-basin/" style="font-size:30px" title="22 topics">Permian Basin</a> <a class="tag-link-59 utcw-tag utcw-tag-sasol" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/sasol/" style="font-size:10px" title="1 topic">Sasol</a> <a class="tag-link-57 utcw-tag utcw-tag-shale-oil" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/shale-oil/" style="font-size:10px" title="1 topic">Shale Oil</a> <a class="tag-link-38 utcw-tag utcw-tag-sweet-crude-oil" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/sweet-crude-oil/" style="font-size:10.9523809524px" title="2 topics">Sweet Crude Oil</a> <a class="tag-link-23 utcw-tag utcw-tag-tax-advantages" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/tax-advantages/" style="font-size:10px" title="1 topic">Tax Advantages</a> <a class="tag-link-24 utcw-tag utcw-tag-tax-incentives" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/tax-incentives/" style="font-size:10px" title="1 topic">Tax Incentives</a> <a class="tag-link-15 utcw-tag utcw-tag-texas-oil-production" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/texas-oil-production/" style="font-size:23.3333333333px" title="15 topics">Texas Oil Production</a> <a class="tag-link-12 utcw-tag utcw-tag-texas-railroad-commission" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/texas-railroad-commission/" style="font-size:11.9047619048px" title="3 topics">Texas Railroad Commission</a> <a class="tag-link-37 utcw-tag utcw-tag-u-s-oil-production" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/u-s-oil-production/" style="font-size:11.9047619048px" title="3 topics">U.S. Oil Production</a> <a class="tag-link-40 utcw-tag utcw-tag-unconventional-drilling" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/unconventional-drilling/" style="font-size:11.9047619048px" title="3 topics">Unconventional Drilling</a> <a class="tag-link-31 utcw-tag utcw-tag-venezuela-oil" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/venezuela-oil/" style="font-size:10px" title="1 topic">Venezuela Oil</a> <a class="tag-link-41 utcw-tag utcw-tag-vertical-rigs" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/vertical-rigs/" style="font-size:10px" title="1 topic">Vertical Rigs</a> <a class="tag-link-47 utcw-tag utcw-tag-woodbine-sands" href="https://web.archive.org/web/20141027032914/http://www.arescotx.com/tag/woodbine-sands/" 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