Remove Crude Oil Remove Dry Hole Remove Exploration and Production
article thumbnail

Texas new drills jump 27% higher in March over February, tie January’s level

Oil & Gas 360º

RRC figures show 1,072 new drills recorded during March (up 27.5%), including 818 oil wells, 246 gas wells and eight dry holes. This compares to 841 total new drills in February, including 682 oil wells, 142 gas wells and 17 dry holes. Compared to March 2024, last months activity was 20.3% in March 2024.

Dry Hole 130
article thumbnail

AI in Oil and Gas Exploration

Aresco

In the high-stakes world of oil and gas exploration, every decision carries weight. For decades, geologists and engineers have relied on traditional methodsmanual interpretation, historical records, and analog simulationsto explore hydrocarbon reserves beneath the Earths surface.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Investing in Oil and Gas Royalties Explained

Aresco

Investing in oil and gas royalties involves purchasing the rights to receive a portion of the revenue generated from the production and sale of oil and gas from a particular property or lease. Passive Income : Oil and gas royalties can provide investors with a source of passive income.

Royalty 52
article thumbnail

Crude Oil Investing: A Guide for Accredited Investors

Aresco

Crude oil is one of the most vital commodities in the world, powering industries, transportation, and economies globally. What Are Direct Oil and Gas Exploration Investments? Crude Oil Investing Opportunities – Click image to request more info. Who Qualifies as an Accredited Investor?