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href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/about-aresco/well-informed-investors/"><span class="ubermenu-target-title ubermenu-target-text">Partner Communications</span></a></li><li class="ubermenu-retractor ubermenu-retractor-mobile"><i class="fa fa-times"></i> Close</li></ul></li><li id="menu-item-2164" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-2164 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/oil-and-gas-investment-opportunities/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Projects</span></a></li><li id="menu-item-2126" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-2126 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target 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class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-8067 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/photos-videos/life-cycle-of-an-oil-well/"><span class="ubermenu-target-title ubermenu-target-text">Life Cycle of an Oil Well</span></a></li><li id="menu-item-4654" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4654 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/photos-videos/3d-rig-tour/"><span class="ubermenu-target-title ubermenu-target-text">Oil Rig 3D Virtual Tour</span></a></li><li id="menu-item-7222" class="ubermenu-item ubermenu-item-type-post_type 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class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4842 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/photos-videos/drilling-the-noodle-canyon-1-in-jones-county-texas/"><span class="ubermenu-target-title ubermenu-target-text">Noodle Canyon #1</span></a></li><li class="ubermenu-retractor ubermenu-retractor-mobile"><i class="fa fa-times"></i> Close</li></ul></li><li id="menu-item-2334" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-has-children ubermenu-item-2334 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto ubermenu-has-submenu-drop ubermenu-has-submenu-flyout"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/og-education-resources/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Resources</span></a><ul class="ubermenu-submenu ubermenu-submenu-id-2334 ubermenu-submenu-type-flyout ubermenu-submenu-drop ubermenu-submenu-align-left_edge_item"><li id="menu-item-4008" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4008 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/og-education-resources/frequently-asked-questions/"><span class="ubermenu-target-title ubermenu-target-text">Frequently Asked Oil and Gas Questions</span></a></li><li id="menu-item-4001" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4001 ubermenu-item-auto ubermenu-item-normal 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class="ubermenu-target-title ubermenu-target-text">Oil and Gas Investment Evaluation</span></a></li><li id="menu-item-5292" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5292 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/oil-gas-industry-consulting-services/geologic-field-appraisal/"><span class="ubermenu-target-title ubermenu-target-text">Geologic Field Appraisal</span></a></li><li id="menu-item-5291" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5291 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/oil-gas-industry-consulting-services/field-revitalization/"><span class="ubermenu-target-title ubermenu-target-text">Field Revitalization</span></a></li><li id="menu-item-5289" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5289 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/oil-gas-industry-consulting-services/submitting-an-investment-opportunity-evaluation-request/"><span class="ubermenu-target-title ubermenu-target-text">Investment Evaluation Request</span></a></li><li id="menu-item-5290" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-5290 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target 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ubermenu-current_page_parent ubermenu-item-26053 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/latest-news/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Blog</span></a></li><li id="menu-item-65" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-65 ubermenu-item-level-0 ubermenu-column ubermenu-column-auto"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/contact-us/" tabindex="0"><span class="ubermenu-target-title ubermenu-target-text">Contact</span></a></li></ul></nav>  </div> </div> </div> </div><div id="rotatortwo"> <div class="container"> <div class="row"> <div class="col-md-12 margintoptwo"> <h1>Will OPEC-Fueled Price War Spell Permian Extinction? Not a Chance</h1> </div> </div> </div> </div> <script type="text/javascript"> var imgCount = 8; var dir = 'https://web.archive.org/web/20210919210504/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;">Tuesday, December 9th, 2014 and is filed under <a href="https://web.archive.org/web/20210919210504/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/20210919210504/https://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a></p> <p><a href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/wp-content/uploads/permian-oil-field-roughnecks.jpg" target="_blank" data-rel="lightbox-image-0" data-rl_title="" data-rl_caption="" title=""><img loading="lazy" class="alignleft wp-image-5219 size-medium" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20210919210504im_/https://www.arescotx.com/wp-content/uploads/permian-oil-field-roughnecks-300x242.jpg" alt="Permian Oil Field Roughnecks" width="300" height="242" srcset="https://web.archive.org/web/20210919210504im_/https://www.arescotx.com/wp-content/uploads/permian-oil-field-roughnecks-300x242.jpg 300w, https://web.archive.org/web/20210919210504im_/https://www.arescotx.com/wp-content/uploads/permian-oil-field-roughnecks.jpg 515w" sizes="(max-width: 300px) 100vw, 300px"/></a>Much has been made of the recent per barrel <a href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/crude-oil/">crude oil</a> price plunge, currently hovering below $70. Some speculate OPEC’s recent decision to keep the crude spigot flowing is the cartel’s play to smother America’s great oil boom. Keeping prices low by steadily flushing the market with crude—the thinking goes—<a title="OPEC won't stop US oil production growth" href="https://web.archive.org/web/20210919210504/http://www.cnbc.com/id/102234051#." target="_blank">makes production via fracking and horizontal drilling less viable</a>, triggering a cascade of capital pullback in the oilfield.</p> <p>Sure, there’s room for worry. Oil prices have plummeted more than 30 percent over the last several months. Add in the conventional wisdom that says “tight” oil production from shale ceases to be economical once the $80 per barrel price floor is breached. Question: How low can prices go before North American unconventional investment is throttled and projects start shutting down? Follow-up: Is the conventional wisdom on price even relevant?<span id="more-5215"></span></p> <h2>Birth of a Oil Boom</h2> <p>Back in 2008 the big worry was peak oil and steady declines in global output. Enter the fracking and horizontal drilling boom. Extracting oil deep underground by rupturing and penetrating shale seams propelled U.S. oil production to its highest level in three decades.</p> <p>The impact of the shale breakthrough is breathtaking. U.S. output surged 80 percent to 9 million barrels per day, mostly from plays such as the <a title="Permian Basin Shale Oil" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/permian-basin/" target="_blank">Permian</a>, <a title="Bakken Shale" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/bakken-shale/" target="_blank">Bakken</a>, and <a title="Eagle Ford Shale" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/eagle-ford-shale/" target="_blank">Eagle Ford</a>. By itself that production spike <a title="The Global Shakeout From Plunging Oil" href="https://web.archive.org/web/20210919210504/http://www.wsj.com/articles/daniel-yergin-the-global-shakeout-from-plunging-oil-1417386897" target="_blank">trumps the output of every OPEC member nation</a> save for Saudi Arabia. The peak oil myth was put to bed.</p> <p><span style="color: #ff0000;"><strong>RELATED >> <a style="color: #ff0000;" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/eagle-ford-fuels-corpus-christi-boom/">Eagle Ford Shale Fuels Corpus Christi Boom</a></strong></span></p> <p>But what wasn’t factored into conventional wisdom on price is that <a title="rillers Continue To Innovate In Face Of Oil Price Downturn" href="https://web.archive.org/web/20210919210504/http://oilprice.com/Finance/investing-and-trading-reports/Drillers-Continue-To-Innovate-In-Face-Of-Oil-Price-Downturn.html" target="_blank">technological advances</a> have been surging right along with the production boom. In some cases costs have plummeted 50 percent in the last two years alone. They could dip another 15 percent by 2016. Bottom line: <a title="U.S. Shale Oil Output Seen Growing Even as Prices Drop" href="https://web.archive.org/web/20210919210504/https://www.bloomberg.com/news/articles/2014-10-14/u-s-shale-oil-output-growing-even-as-prices-drop-eia" target="_blank">Producers are generating more oil per dollar invested</a>, driving down costs by as much as $30 per barrel since 2012.</p> <p><a href="https://web.archive.org/web/20210919210504/http://www.txoilinvestments.com/" target="_blank"><img loading="lazy" class="aligncenter wp-image-4787 size-full" src="https://web.archive.org/web/20210919210504im_/https://www.arescotx.com/wp-content/uploads/permian-basin-investing-questions.gif" alt="Permian Basin Oil Investing Questions?" width="600" height="40"></a></p> <p>According to the Energy Information Administration, each rig in the Permian added a record 176 barrels of new oil per day in November. That’s a 20 percent spike over the previous year. Similar spikes were seen in the Eagle Ford Shale area and across Texas. In fact, technological finesse has progressed to the point where many sections of these unconventional plays might be viable right down to $50 per barrel. No wonder <a title="Iran Wary of Oil ‘Shock Therapy’ as OPEC Vies for Market" href="https://web.archive.org/web/20210919210504/http://www.bloomberg.com/news/2014-11-30/iran-wary-of-oil-shock-therapy-as-opec-vies-for-market-share.html" target="_blank">OPEC is worried</a>.</p> <h3>Conventional Production Still Vital</h3> <p>But that’s just the beginning of <a title="Permian Region Drilling Productivity Report" href="https://web.archive.org/web/20210919210504/http://www.eia.gov/petroleum/drilling/pdf/permian.pdf" target="_blank">Texas oil vitality</a>. Though the fracking boom has transformed the production landscape over the last couple of years, there is still a strong and vital conventional production element in Texas and in other areas throughout the U.S. With costs starting at $2 million and running up to $5 million, higher producing (thus deeper) vertical wells can be much less expensive to drill than many horizontal wells, which may demand investments of between $6 million to $10 million or more in the bigger shale plays.</p> <p>Long a lynch pin in Texas oil production, particularly in the Permian Basin, economical <a title="Vertical Drilling Projects" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/permian-basin-canyon-sandstone-project-begins/" target="_blank">vertical drilling may become even more crucial</a> as West Texas Intermediate (WTI) crude prices hover below $70 per barrel. Flexible integrated production strategies that include a good mix of conventional vertical drilling will keep savvy operators thriving and the Permian Basin a vital energy producing powerhouse for decades to come.</p> <hr> <h3>Investing in Permian Basin Oil</h3> <p><iframe loading="lazy" width="500" height="375" src="https://web.archive.org/web/20210919210504if_/https://www.youtube.com/embed/P86ItCa_U1s?feature=oembed&enablejsapi=1&origin=https://www.arescotx.com" frameborder="0" gesture="media" allowfullscreen></iframe></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. <a title="Texas Permian Basin Oil Investment Opportunities" href="https://web.archive.org/web/20210919210504/http://www.txoilinvestments.com/" target="_blank">Click here</a> to request info on our current investment opportunities.<br/> </em></p> <hr> <p><a href="https://web.archive.org/web/20210919210504/http://www.txoilinvestments.com/" target="_blank"><img loading="lazy" class="alignleft wp-image-4720 size-full" style="border: 0px none; margin: 5px 50px;" src="https://web.archive.org/web/20210919210504im_/https://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil.jpg" alt="investing-in-permian-basin-oil" width="600" height="200" srcset="https://web.archive.org/web/20210919210504im_/https://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil.jpg 600w, https://web.archive.org/web/20210919210504im_/https://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil-300x100.jpg 300w" sizes="(max-width: 600px) 100vw, 600px"/></a></p> <p> </p> <hr> <div class="nextpages"></div> <div style="padding-top:30px;"> <ul class="pager">  <li class="nav-previous"><a href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/what-determines-crude-oil-prices/" rel="next">Previous</a></li>  <li class="nav-bloghome"><a href="https://web.archive.org/web/20210919210504/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/20210919210504/https://www.arescotx.com/we-have-moved/" 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/20210919210504/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/20210919210504/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/20210919210504/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/20210919210504/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> <li> <a href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/when-was-fracking-first-used/">When was fracking first used?</a> </li> </ul> <p class="titles">Categories</p> <ul> <li class="cat-item cat-item-14"><a href="https://web.archive.org/web/20210919210504/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. See why now is the time to invest in the oil and gas industry in New Mexico. ">New Mexico Oil and Gas Investing</a> </li> <li class="cat-item cat-item-6"><a href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/category/oil-and-gas-current-events/" title="Aresco LP publishes oil and gas current events, technology news, and industry related news from around the world. Aresco is a privately held company. ">Oil and Gas Current Events</a> </li> <li class="cat-item cat-item-25"><a href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/category/oil-and-gas-interesting-facts/" title="Oil and gas fun facts and interesting information. Each of these articles contain information sure to test your knowledge of the oil and gas industry. 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">Texas Oil and Gas Investing</a> </li> <li class="cat-item cat-item-1"><a href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/category/uncategorized/" title="General blog category on Aresco LP's Oil and Gas Current Events blog.">Uncategorized</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-43 utcw-tag utcw-tag-bakken-shale" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/bakken-shale/" style="font-size:10.512820512821px" title="9 topics">Bakken Shale</a> <a class="tag-link-95 utcw-tag utcw-tag-crude-oil" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/crude-oil/" style="font-size:30px" title="47 topics">Crude Oil</a> <a class="tag-link-70 utcw-tag utcw-tag-crude-oil-export-ban" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/crude-oil-export-ban/" style="font-size:10px" title="8 topics">Crude Oil Export Ban</a> <a class="tag-link-105 utcw-tag utcw-tag-crude-oil-exports" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/crude-oil-exports/" style="font-size:10.512820512821px" title="9 topics">Crude Oil Exports</a> <a class="tag-link-7 utcw-tag utcw-tag-crude-oil-prices" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/crude-oil-prices/" style="font-size:14.615384615385px" title="17 topics">Crude Oil Prices</a> <a class="tag-link-39 utcw-tag utcw-tag-domestic-oil-production" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/domestic-oil-production/" style="font-size:15.641025641026px" title="19 topics">Domestic Oil Production</a> <a class="tag-link-101 utcw-tag utcw-tag-donald-j-trump" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/donald-j-trump/" style="font-size:10px" title="8 topics">Donald J Trump</a> <a class="tag-link-5 utcw-tag utcw-tag-drilling-technology" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/drilling-technology/" style="font-size:13.589743589744px" title="15 topics">Drilling Technology</a> <a class="tag-link-10 utcw-tag utcw-tag-eagle-ford-shale" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/eagle-ford-shale/" style="font-size:20.769230769231px" title="29 topics">Eagle Ford Shale</a> <a class="tag-link-33 utcw-tag utcw-tag-eagle-ford-shale-production" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/eagle-ford-shale-production/" style="font-size:10.512820512821px" title="9 topics">Eagle Ford Shale Production</a> <a class="tag-link-100 utcw-tag utcw-tag-energy-independence" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/energy-independence/" style="font-size:10.512820512821px" title="9 topics">Energy Independence</a> <a class="tag-link-16 utcw-tag utcw-tag-energy-information-administration-eia" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/energy-information-administration-eia/" style="font-size:14.102564102564px" title="16 topics">Energy Information Administration (EIA)</a> <a class="tag-link-42 utcw-tag utcw-tag-fracking" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/fracking/" style="font-size:11.538461538462px" title="11 topics">Fracking</a> <a class="tag-link-34 utcw-tag utcw-tag-horizontal-drilling" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/horizontal-drilling/" style="font-size:12.051282051282px" title="12 topics">Horizontal Drilling</a> <a class="tag-link-8 utcw-tag utcw-tag-hydraulic-fracturing" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/hydraulic-fracturing/" style="font-size:17.692307692308px" title="23 topics">Hydraulic Fracturing</a> <a class="tag-link-29 utcw-tag utcw-tag-investing-in-texas-oil" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/investing-in-texas-oil/" style="font-size:11.025641025641px" title="10 topics">Investing in Texas Oil</a> <a class="tag-link-13 utcw-tag utcw-tag-oil-and-gas-investing" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/oil-and-gas-investing/" style="font-size:14.615384615385px" title="17 topics">Oil and Gas Investing</a> <a class="tag-link-115 utcw-tag utcw-tag-oil-and-gas-technology" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/oil-and-gas-technology/" style="font-size:10px" title="8 topics">Oil and Gas Technology</a> <a class="tag-link-19 utcw-tag utcw-tag-oil-exploration" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/oil-exploration/" style="font-size:10px" title="8 topics">Oil Exploration</a> <a class="tag-link-17 utcw-tag utcw-tag-oil-production" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/oil-production/" style="font-size:18.205128205128px" title="24 topics">Oil Production</a> <a class="tag-link-32 utcw-tag utcw-tag-opec" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/opec/" style="font-size:15.641025641026px" title="19 topics">OPEC</a> <a class="tag-link-11 utcw-tag utcw-tag-permian-basin" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/permian-basin/" style="font-size:28.461538461538px" title="44 topics">Permian Basin</a> <a class="tag-link-57 utcw-tag utcw-tag-shale-oil" href="https://web.archive.org/web/20210919210504/https://www.arescotx.com/tag/shale-oil/" style="font-size:10px" title="8 topics">Shale Oil</a> <a 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