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ss-nav-menu-item-7 ss-nav-menu-item-depth-0 ss-nav-menu-reg"><a href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/contact-us/"><span class="wpmega-link-title">Contact</span></a></li></ul></div></div> <div class="sidebarYellow"> </div> <div class="sidebarWhite"> <div class="text"> <div id="content"> <h1>Permian Basin Drilling</h1> <div class="wp-socializer-buttons clearfix"> <span class="wpsr-btn">  <div class="fb-like" data-href="http://www.arescotx.com/permian-basin-drilling/" 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/20150404234608/http://twitter.com/share" class="twitter-share-button" data-count="horizontal" data-via="ArescoLP" data-lang="en" data-url="https://web.archive.org/web/20150404234608/http://www.arescotx.com/permian-basin-drilling/" data-text="Permian Basin Drilling - "></a>  </span> <span class="wpsr-btn">  <div class="g-plusone" data-size="medium" data-href="http://www.arescotx.com/permian-basin-drilling/"></div>  </span> <span class="wpsr-btn">  <script type="IN/Share" data-url="http://www.arescotx.com/permian-basin-drilling/" data-counter="right"></script>  </span> <span class="wpsr-btn">  <div style="padding-right:50px"><a href="https://web.archive.org/web/20150404234608/http://pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.arescotx.com%2Fpermian-basin-drilling%2F&media=http%3A%2F%2Fwww.arescotx.com%2Fwp-content%2Fuploads%2Fmidland-basin-well.jpg" data-pin-do="buttonPin" data-pin-config="beside"><img border="0" src="//web.archive.org/web/20150404234608im_/http://assets.pinterest.com/images/pidgets/pinit_fg_en_rect_gray_20.png" alt="Pinterest" title="Pin It"/></a></div>  </span> </div><h3>Aresco LP commences drilling on the Tannehill #1, a developmental well in the Midland Basin section of the Permian Basin in West Texas.<a href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/wp-content/uploads/midland-basin-well.jpg" rel="lightbox-0"><img class="alignleft size-medium wp-image-5833" style="border: 0px none; margin: 5px 10px;" src="https://web.archive.org/web/20150404234608im_/http://www.arescotx.com/wp-content/uploads/midland-basin-well-300x200.jpg" alt="Midland Basin Well" width="300" height="200"/></a></h3> <p>(Dallas, Texas) –– Aresco LP, a privately held Dallas-based exploration and production company, announced today that drilling has commenced on the Tannehill #1, a developmental oil well testing the Stockwether limestone and Tannehill sandstone formations.</p> <p>The Tannehill #1 is the first of ten estimated well locations on a 1,400-acre Prospect situated in the Midland Basin section of the Permian Basin in West Texas. The Prospect extends an oil production trend discovered by the geologist of Aresco’s operating partner. The trend has produced almost 12 million barrels of oil and .75 billion cubic feet of natural gas to date.<span id="more-5831"></span></p> <p>“Drilling the Tannehill #1 marks the starting point of a multi-well, multi-year prospect development plan,” said <a title="Brandon Laxton" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/brandon-laxton/">Brandon Laxton</a>, President and CEO of Aresco LP. “We are eager to add the well’s drilling and completion results to our already extensive geologic data set and our growing number of Permian assets.</p> <p>“We’ve been asked our opinion about current prices from many outside the industry and how it will affect our goals for 2016. Oil prices may be down as compared to what we’ve seen over the past couple of years but drilling is still alive and well in Texas. Even at $40 oil, the Tannehill #1’s relatively shallow depth and lower drilling costs deliver a solid economic return profile,” said Mr. Laxton. “In addition, the Tannehill #1 targets multiple formations from one single wellbore, where commingled production and recompletions position us to earn from successful production for many years to come.”</p> <p><a href="https://web.archive.org/web/20150404234608/http://www.usoilinvestments.com/" target="_blank"><img class="aligncenter wp-image-5412 size-full" src="https://web.archive.org/web/20150404234608im_/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>The prospect’s overall development strategy has been established using several proven methodologies and extensive geological data, which include testing the soil for light hydrocarbon molecules with geochem analysis. Cumulative production estimates for prospect wells range from 200,000 barrels of oil to more than 300,000 barrels of oil per well.</p> <p><strong>About Aresco LP</strong><br/> Aresco LP is a privately held 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="Aresco LP" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/">www.arescotx.com</a>.</p> <div class="nextpages"></div> <p><b><a href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/office-closed-march-5th/">previous post: Office Closed – March 5th</a></b></p> <p><b><a href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/aresco-vp-supporting-homes-for-our-troops/">next post: Aresco VP Supporting Homes for Our Troops</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/20150404234608/http://www.arescotx.com/arescos-1st-horizontal-well-targeting-woodbine-sand/">Aresco’s 1st Horizontal Well Targeting Woodbine Sand</a> </li> <li> <a href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/our-office-will-be-closed-friday-april-3rd/">Our office will be closed Friday, April 3rd</a> </li> <li> <a href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/aresco-vp-supporting-homes-for-our-troops/">Aresco VP Supporting Homes for Our Troops</a> </li> <li> <a href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/permian-basin-drilling/">Permian Basin Drilling</a> </li> <li> <a href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/office-closed-march-5th/">Office Closed – March 5th</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/20150404234608/http://www.arescotx.com/tag/anadarko-basin/" style="font-size:10.8px" title="2 topics">Anadarko Basin</a> <a class="tag-link-43 utcw-tag utcw-tag-bakken-shale" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/bakken-shale/" style="font-size:13.2px" title="5 topics">Bakken Shale</a> <a class="tag-link-35 utcw-tag utcw-tag-barnett-shale" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/barnett-shale/" style="font-size:11.6px" title="3 topics">Barnett Shale</a> <a class="tag-link-68 utcw-tag utcw-tag-bradley-winton" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/bradley-winton/" style="font-size:10.8px" title="2 topics">Bradley Winton</a> <a class="tag-link-20 utcw-tag utcw-tag-brandon-laxton" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/brandon-laxton/" style="font-size:12.4px" title="4 topics">Brandon Laxton</a> <a class="tag-link-46 utcw-tag utcw-tag-brazos-basin" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/brazos-basin/" style="font-size:10.8px" title="2 topics">Brazos Basin</a> <a class="tag-link-63 utcw-tag utcw-tag-bridgetex-pipeline" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/bridgetex-pipeline/" style="font-size:10px" title="1 topic">BridgeTex Pipeline</a> <a class="tag-link-61 utcw-tag utcw-tag-canyon-sandstone" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/canyon-sandstone/" style="font-size:10.8px" title="2 topics">Canyon Sandstone</a> <a class="tag-link-51 utcw-tag utcw-tag-corpus-christi" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/corpus-christi/" style="font-size:10px" title="1 topic">Corpus Christi</a> <a class="tag-link-7 utcw-tag utcw-tag-crude-oil-prices" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/crude-oil-prices/" style="font-size:13.2px" title="5 topics">Crude Oil Prices</a> <a class="tag-link-39 utcw-tag utcw-tag-domestic-oil-production" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/domestic-oil-production/" style="font-size:13.2px" title="5 topics">Domestic Oil Production</a> <a class="tag-link-5 utcw-tag utcw-tag-drilling-technology" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/drilling-technology/" style="font-size:18px" title="11 topics">Drilling Technology</a> <a class="tag-link-10 utcw-tag utcw-tag-eagle-ford-shale" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/eagle-ford-shale/" style="font-size:26px" title="21 topics">Eagle Ford Shale</a> <a class="tag-link-33 utcw-tag utcw-tag-eagle-ford-shale-production" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/eagle-ford-shale-production/" style="font-size:12.4px" 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/20150404234608/http://www.arescotx.com/tag/energy-information-administration-eia/" style="font-size:14px" title="6 topics">Energy Information Administration (EIA)</a> <a class="tag-link-36 utcw-tag utcw-tag-energy-production" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/energy-production/" style="font-size:10.8px" title="2 topics">Energy Production</a> <a class="tag-link-42 utcw-tag utcw-tag-fracking" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/fracking/" style="font-size:13.2px" title="5 topics">Fracking</a> <a class="tag-link-30 utcw-tag utcw-tag-gas-prices" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/gas-prices/" style="font-size:10.8px" title="2 topics">Gas Prices</a> <a class="tag-link-58 utcw-tag utcw-tag-gas-to-liquids" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/gas-to-liquids/" style="font-size:10px" title="1 topic">Gas to Liquids</a> <a class="tag-link-34 utcw-tag utcw-tag-horizontal-drilling" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/horizontal-drilling/" style="font-size:17.2px" title="10 topics">Horizontal Drilling</a> <a class="tag-link-8 utcw-tag utcw-tag-hydraulic-fracturing" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/hydraulic-fracturing/" style="font-size:22.8px" title="17 topics">Hydraulic Fracturing</a> <a class="tag-link-67 utcw-tag utcw-tag-international-energy-agency" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/international-energy-agency/" style="font-size:10px" title="1 topic">International Energy Agency</a> <a class="tag-link-29 utcw-tag utcw-tag-investing-in-texas-oil" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/investing-in-texas-oil/" style="font-size:12.4px" title="4 topics">Investing in Texas Oil</a> <a class="tag-link-4 utcw-tag utcw-tag-keystone-pipeline" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/keystone-pipeline/" style="font-size:10.8px" title="2 topics">Keystone Pipeline</a> <a class="tag-link-49 utcw-tag utcw-tag-mexico-eagle-ford" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/mexico-eagle-ford/" style="font-size:11.6px" title="3 topics">Mexico Eagle Ford</a> <a class="tag-link-45 utcw-tag utcw-tag-mexico-national-hydrocarbons-commission" href="https://web.archive.org/web/20150404234608/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/20150404234608/http://www.arescotx.com/tag/natural-gas-production/" style="font-size:12.4px" title="4 topics">Natural Gas Production</a> <a class="tag-link-62 utcw-tag utcw-tag-noodle-canyon" href="https://web.archive.org/web/20150404234608/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/20150404234608/http://www.arescotx.com/tag/oil-and-gas-investing/" style="font-size:18px" title="11 topics">Oil and Gas Investing</a> <a class="tag-link-19 utcw-tag utcw-tag-oil-exploration" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/oil-exploration/" style="font-size:14px" title="6 topics">Oil Exploration</a> <a class="tag-link-17 utcw-tag utcw-tag-oil-production" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/oil-production/" style="font-size:21.2px" title="15 topics">Oil Production</a> <a class="tag-link-32 utcw-tag utcw-tag-opec" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/opec/" style="font-size:13.2px" title="5 topics">OPEC</a> <a class="tag-link-44 utcw-tag utcw-tag-pemex" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/pemex/" style="font-size:10.8px" title="2 topics">Pemex</a> <a class="tag-link-11 utcw-tag utcw-tag-permian-basin" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/permian-basin/" style="font-size:30px" title="26 topics">Permian Basin</a> <a class="tag-link-57 utcw-tag utcw-tag-shale-oil" href="https://web.archive.org/web/20150404234608/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/20150404234608/http://www.arescotx.com/tag/sweet-crude-oil/" style="font-size:10.8px" title="2 topics">Sweet Crude Oil</a> <a class="tag-link-23 utcw-tag utcw-tag-tax-advantages" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/tax-advantages/" style="font-size:10.8px" title="2 topics">Tax Advantages</a> <a class="tag-link-24 utcw-tag utcw-tag-tax-incentives" href="https://web.archive.org/web/20150404234608/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/20150404234608/http://www.arescotx.com/tag/texas-oil-production/" style="font-size:22px" title="16 topics">Texas Oil Production</a> <a class="tag-link-12 utcw-tag utcw-tag-texas-railroad-commission" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/texas-railroad-commission/" style="font-size:11.6px" 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/20150404234608/http://www.arescotx.com/tag/u-s-oil-production/" style="font-size:13.2px" title="5 topics">U.S. Oil Production</a> <a class="tag-link-40 utcw-tag utcw-tag-unconventional-drilling" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/unconventional-drilling/" style="font-size:11.6px" title="3 topics">Unconventional Drilling</a> <a class="tag-link-41 utcw-tag utcw-tag-vertical-rigs" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/vertical-rigs/" style="font-size:10px" title="1 topic">Vertical Rigs</a> <a class="tag-link-50 utcw-tag utcw-tag-voestalpine" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/voestalpine/" style="font-size:10px" title="1 topic">Voestalpine</a> <a class="tag-link-47 utcw-tag utcw-tag-woodbine-sands" href="https://web.archive.org/web/20150404234608/http://www.arescotx.com/tag/woodbine-sands/" style="font-size:10.8px" title="2 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