Aresco's Latest News & Articles

What state produces the most oil? Discover why Texas leads U.S. oil production and how the Permian Basin and drilling technology helped make it #1.

Explore the Top Oil Producing Countries of 2024 and their impact on global energy markets and economic stability.

Explore the history of the first oil well in the world – Bibi Heybat, located near Baku, Azerbaijan, and its significance in the oil industry.

Learn about the positive impact of Donald Trump’s reelection on the oil and gas industry. Anticipate pro-energy policies, balanced regulation, and infrastructure investments.

The depletion allowance for oil and gas is a US tax provision for businesses engaged in extraction to recover some of their capital investment through deductions.

Tangible Drilling Costs (TDC) are expenses associated with the physical aspects of drilling for oil & natural gas. Learn about TDCs & their tax treatment.

Explore intangible drilling costs and their role in the oil and gas industry. Learn how these costs and their tax treatment can impact your investment.

Explore the world of upstream midstream downstream in oil and gas. Learn about the distinct activities in each sector and the importance of their roles.

The top oil producing countries in 2022 based on crude oil production only (not other petroleum liquids) – the top 8 countries ranked highest to lowest.

Keeping track of crude oil prices is enough to drive you crazy, but what determines crude oil prices? Here are some of the key factors that determine pricing.