|
|
Article: CountryMark drilling for oil across Illinois Basin region.(Newsline: Co-op developments, coast to coast)
- Article from:
- Rural Cooperatives
- Article date:
- November 1, 2008
CopyrightCOPYRIGHT 2008 U.S. Department of Agriculture, Rural Business - Cooperative Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The Indiana-based CountryMark cooperative has announced plans to drill for oil in the Illinois Basin. The Illinois Basin is a 53,000-square-mile depression under southern Illinois, western Indiana and western Kentucky. According to CountryMark President and CEO Charlie Smith, it is one of the most plentiful sources of domestic crude oil in the Midwest.
"Approximately 40,000 barrels of crude oil are produced daily from this region," says Smith. "This is an extremely dependable, secure supply of energy for Indiana and surrounding states." CountryMark is the largest buyer of Illinois Basin crude and refines the sweet crude at its Mt. Vernon Indiana refinery.