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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)聽in July 2010 to 2.295 million BOPD聽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鈥檚 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鈥檚 domestic crude oil. 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Investing</a></p> <p><a href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/mexicos-eagle-ford-gain-to-reap-texas-reward/mexico-eagle-ford-shale/" target="_blank" rel="attachment wp-att-3706"><img class="alignleft wp-image-3706 size-full" style="border: 0px none; margin: 5px 10px;" title="Mexico Eagle Ford Shale" src="https://web.archive.org/web/20151213145548im_/http://www.arescotx.com/wp-content/uploads/mexico-eagle-ford-shale.jpg" alt="mexico-eagle-ford-shale" width="275" height="200"/></a>Back in the primordial times of 2010, the <a title="Eagle Ford Shale" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/eagle-ford-shale/"><strong>Eagle Ford Shale</strong></a> formation had an output of 55,000 barrels per day of crude oil and condensate. That volume shot to 1.36 million barrels per day in April 2014 and will soon hit 1.5 million. That rapid production spike is reshaping the South Texas economy.</p> <p>It鈥檚 this kind of economic dynamism that is breeding optimism among Mexican officials. The Eagle Ford shale formation is believed to stretch hundreds of miles into Mexico. The nation鈥檚 shale gas reserves are estimated to be the world’s sixth largest after China, Argentina, Algeria, the U.S., and Canada. <a href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/eagle-ford-shale-boom-may-soon-cross-mexican-border/#more-3860" class="more-link">Read More</a></p> </div>   <div class="entry"><h1><a href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/mexicos-eagle-ford-gain-to-reap-texas-reward/">Mexico鈥檚 Eagle Ford Gain to Reap Texas Reward</a></h1> <p style="font-size:11px;margin-top:-20px;">Wednesday, April 23rd, 2014 and is filed under <a href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a></p> <p><a title="Mexico Eagle Ford Shale Oil Production" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/mexicos-eagle-ford-gain-to-reap-texas-reward/mexico-eagle-ford-shale/" target="_blank" rel="attachment wp-att-3706"><img class="alignleft size-full wp-image-3706" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20151213145548im_/http://www.arescotx.com/wp-content/uploads/mexico-eagle-ford-shale.jpg" alt="mexico-eagle-ford-shale" width="275" height="200"/></a>Two potentially propitious forces are converging in Eagle Ford: one geological, the other political. This revolutionary convergence could be a boon for Texas.</p> <p>Though most of it lies underground in the Lone Star State, the rich Eagle Ford Shale formation doesn鈥檛 terminate at the border. It extends well into Mexico. Now, as <a title="Eagle Ford Shale" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/eagle-ford-shale/">Eagle Ford</a> and other vast shale plays in Mexico are tapped, U.S. companies and their concomitant technologies鈥攁s well as the state of Texas itself鈥攕tand to reap huge rewards.</p> <p>What鈥檚 driving this shift? <a href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/mexicos-eagle-ford-gain-to-reap-texas-reward/#more-3701" class="more-link">Read More</a></p> </div>  </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 English"></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/20151213145548/http://www.arescotx.com/tuscaloosa-marine-shale/">Tuscaloosa Marine Shale Acreage Acquired by Aresco</a> </li> <li> <a 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href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/anadarko-basin/" style="font-size:10.7692307692px" title="2 topics">Anadarko Basin</a> <a class="tag-link-65 utcw-tag utcw-tag-aresco-lp" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/aresco-lp/" style="font-size:11.5384615385px" title="3 topics">Aresco LP</a> <a class="tag-link-43 utcw-tag utcw-tag-bakken-shale" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/bakken-shale/" style="font-size:14.6153846154px" title="7 topics">Bakken Shale</a> <a class="tag-link-35 utcw-tag utcw-tag-barnett-shale" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/barnett-shale/" style="font-size:11.5384615385px" title="3 topics">Barnett Shale</a> <a class="tag-link-68 utcw-tag utcw-tag-bradley-winton" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/bradley-winton/" style="font-size:12.3076923077px" title="4 topics">Bradley Winton</a> <a class="tag-link-20 utcw-tag utcw-tag-brandon-laxton" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/brandon-laxton/" style="font-size:13.0769230769px" title="5 topics">Brandon Laxton</a> <a class="tag-link-46 utcw-tag utcw-tag-brazos-basin" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/brazos-basin/" style="font-size:10.7692307692px" title="2 topics">Brazos Basin</a> <a class="tag-link-61 utcw-tag utcw-tag-canyon-sandstone" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/canyon-sandstone/" style="font-size:10.7692307692px" title="2 topics">Canyon Sandstone</a> <a class="tag-link-74 utcw-tag utcw-tag-charity" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/charity/" style="font-size:13.0769230769px" title="5 topics">Charity</a> <a class="tag-link-70 utcw-tag utcw-tag-crude-oil-export-ban" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/crude-oil-export-ban/" style="font-size:11.5384615385px" title="3 topics">Crude Oil Export Ban</a> <a class="tag-link-7 utcw-tag utcw-tag-crude-oil-prices" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/crude-oil-prices/" style="font-size:13.8461538462px" title="6 topics">Crude Oil Prices</a> <a class="tag-link-39 utcw-tag utcw-tag-domestic-oil-production" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/domestic-oil-production/" style="font-size:13.0769230769px" title="5 topics">Domestic Oil Production</a> <a class="tag-link-5 utcw-tag utcw-tag-drilling-technology" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/drilling-technology/" style="font-size:18.4615384615px" title="12 topics">Drilling Technology</a> <a class="tag-link-10 utcw-tag utcw-tag-eagle-ford-shale" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/eagle-ford-shale/" style="font-size:26.9230769231px" title="23 topics">Eagle Ford Shale</a> <a class="tag-link-33 utcw-tag utcw-tag-eagle-ford-shale-production" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/eagle-ford-shale-production/" style="font-size:12.3076923077px" 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/20151213145548/http://www.arescotx.com/tag/energy-information-administration-eia/" style="font-size:16.1538461538px" title="9 topics">Energy Information Administration (EIA)</a> <a class="tag-link-76 utcw-tag utcw-tag-energy-investing" href="https://web.archive.org/web/20151213145548/http://www.arescotx.com/tag/energy-investing/" style="font-size:10.7692307692px" title="2 topics">Energy Investing</a> <a class="tag-link-36 utcw-tag 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