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quarter</h1> </div> </div> </div> </div> <script type="text/javascript"> var imgCount = 8; var dir = 'https://web.archive.org/web/20211205203659/https://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("rotatortwo").style.backgroundImage = "url(" + dir + images[randomCount] + ")"; </script> <div class="container content"> <div class="row"> <div class="col-lg-9 col-md-9 padright"> <p style="font-size:11px;margin-top:30px;">Friday, April 1st, 2016 and is filed under <a href="https://web.archive.org/web/20211205203659/https://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/20211205203659/https://www.arescotx.com/category/uncategorized/" rel="category tag">Uncategorized</a></p> <h4>Aresco LP announces record-setting quarter with multiple successful well completions, new field discoveries in Louisiana and Oklahoma</h4> <p><em>The Louisiana and Oklahoma field discoveries add significant oil and gas reserves to Aresco’s existing portfolio of producing properties; along with its lead operating partners and other capital partners, Aresco’s newly secured base of reserves totals a combined Estimated Ultimate Recovery (EUR) potential of 400,000 barrels of oil and 30+ billion cubic feet of natural gas</em><span id="more-9695"></span></p> <p><a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/wp-content/uploads/oklahoma-oil-well-cherokee-platform.jpg" rel="attachment wp-att-9697" data-rel="lightbox-image-0" data-rl_title="" data-rl_caption="" title=""><img loading="lazy" class="alignleft wp-image-9697" src="https://web.archive.org/web/20211205203659im_/https://www.arescotx.com/wp-content/uploads/oklahoma-oil-well-cherokee-platform.jpg" alt="Oklahoma Oil Well - Cherokee Platform" width="375" height="238" srcset="https://web.archive.org/web/20211205203659im_/https://www.arescotx.com/wp-content/uploads/oklahoma-oil-well-cherokee-platform.jpg 800w, https://web.archive.org/web/20211205203659im_/https://www.arescotx.com/wp-content/uploads/oklahoma-oil-well-cherokee-platform-300x190.jpg 300w, https://web.archive.org/web/20211205203659im_/https://www.arescotx.com/wp-content/uploads/oklahoma-oil-well-cherokee-platform-768x487.jpg 768w" sizes="(max-width: 375px) 100vw, 375px"/></a>Aresco LP, a Dallas-based energy exploration and production company, today announced a record-setting quarter with successful well completions that have resulted in the co-discovery of two new fields in Louisiana and Oklahoma. The two recently-discovered fields are currently in production; a third field, which is also located in Oklahoma, is expected to go into production in April 2016. The discoveries add significant oil and gas reserves to the company’s existing portfolio of producing properties, which previously included production exclusively from Texas.</p> <p>Key highlights from Aresco’s recent drilling activity include:</p> <ul> <li>A targeted <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/tag/tuscaloosa-sands/">Tuscaloosa Sands</a> reentry program in West Baton Rouge Parish, Louisiana yielded over 500 million cubic feet of natural gas production in its first eight weeks of production</li> <li>A newly completed vertical well in Oklahoma County, Oklahoma is currently producing from three commingled zones, including the Hunton Lime, with initial production registering sixty barrels of oil per day</li> <li>With a larger amount of potential pay logged, combined with a few other key characteristics, a second <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/tag/hunton-lime/">Hunton Lime</a> well that is currently completing in McClain County, Oklahoma is expected to exceed the results of the first Hunton Lime well</li> </ul> <p><a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/wp-content/uploads/louisiana-oil-well.jpg" rel="attachment wp-att-9699" data-rel="lightbox-image-1" data-rl_title="" data-rl_caption="" title=""><img loading="lazy" class="alignright wp-image-9699" src="https://web.archive.org/web/20211205203659im_/https://www.arescotx.com/wp-content/uploads/louisiana-oil-well.jpg" alt="Louisiana Oil Well" width="350" height="263" srcset="https://web.archive.org/web/20211205203659im_/https://www.arescotx.com/wp-content/uploads/louisiana-oil-well.jpg 800w, https://web.archive.org/web/20211205203659im_/https://www.arescotx.com/wp-content/uploads/louisiana-oil-well-300x225.jpg 300w, https://web.archive.org/web/20211205203659im_/https://www.arescotx.com/wp-content/uploads/louisiana-oil-well-768x576.jpg 768w" sizes="(max-width: 350px) 100vw, 350px"/></a>“Our strategic entry with experienced, highly-focused lead operating partners in Oklahoma and Louisiana has proven very positive for our company and our capital partners,” said <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/brandon-laxton-founder-president/">Brandon Laxton</a>, President and Founder of Aresco LP and Aresco Operating. “By targeting projects in proven producing areas with well-established infrastructure and lower cost structures, these projects enjoy attractive return potential at even today’s prices. And, with long-lived reserve potential and a significant drilling inventory, we also enjoy the flexibility to easily pursue additional opportunities well into the future as prices continue to rebound. We couldn’t be more pleased.”</p> <p>Combined investment in the three fields by Aresco, its lead operating partners, and other capital partners have yielded:</p> <ul> <li>25 additional drilling locations, which represents a 10-year + drilling inventory</li> <li>400,000 barrels in additional Estimate Ultimate Recovery (EUR) potential (oil)</li> <li>30+ Billion Cubic Feet (BCF) in additional Estimate Ultimate Recovery (EUR) potential (natural gas)</li> </ul> <p>First quarter 2016 capital investment has also solidified working interest positions in two new development projects covering more than 7,000 net mineral acres in Louisiana and Texas. The new acreage adds up to 23 more drilling locations, which represents an approximate 15-year addition to Aresco’s existing drilling inventory. Two wells are scheduled to spud in 2Q16.</p> <p><a href="https://web.archive.org/web/20211205203659/http://www.txoilinvestments.com/" target="_blank" rel="attachment wp-att-9280"><img loading="lazy" class="aligncenter wp-image-9280 size-full" src="https://web.archive.org/web/20211205203659im_/https://www.arescotx.com/wp-content/uploads/gulf-coast-oil-investment-opportunities.gif" alt="Gulf Coast Oil Investment Opportunities" width="728" height="40"/></a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/request-more-information-on-oil-investment-opportunities/">Oil Investment Opportunities Info Request</a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/what-is-a-qib/">QIB Definition – What is a QIB?</a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20211205203659/http://www.txoilinvestments.com/">Oil Investment – Gulf Coast</a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/category/texas-oil-and-gas-investing/">Texas Oil and Gas Investing News</a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/permian-basin-oil-producers/">Private Equity Finding Permian Basin Oil Producers</a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/about-aresco/why-aresco/">A Standout Among Oil and Gas Investment Companies</a></p> <p><strong>About Aresco LP</strong></p> <p>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, New Mexico, Louisiana, and the entire Gulf Coast region. 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.</p> <span class="cp-load-after-post"></span><div class="nextpages"></div> <div style="padding-top:30px;"> <ul class="pager">  <li class="nav-previous"><a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/memorial-day-2016/" rel="next">Previous</a></li>  <li class="nav-bloghome"><a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/latest-news/"><span class="icon"></span>All Posts</a></li>  <li class="nav-next"><a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/cherokee-platform-well-completion-announced-by-aresco/" 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/20211205203659/https://www.arescotx.com/eight-tax-advantages-available-for-direct-oil-gas-investments/">7 Tax Deductions and Advantages Available for Direct Oil and Gas Investments</a> </li> <li> <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/eagle-ford-shale-production-shattering-records-in-texas/">Eagle Ford Shale Production Numbers Luring Investors to the Region</a> </li> <li> <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/why-invest-in-north-american-energy-and-why-now/">Why invest in North American energy, and why now?</a> </li> <li> <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/texas-tops-oil-and-gas-investments/">Texas Tops Oil and Gas Investments</a> </li> <li> <a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/vertical-wells-still-a-mainstay-of-oil-production-in-oklahoma/">Vertical Wells Still a Mainstay of Oil Production in Oklahoma</a> </li> </ul> <p class="titles">Categories</p> <ul> <li class="cat-item cat-item-14"><a href="https://web.archive.org/web/20211205203659/https://www.arescotx.com/category/new-mexico-oil-and-gas-investing/" title="New Mexico oil and gas investing news, blogs, and videos by Aresco LP. 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