Oil Exploration & Production

 

CountryMark’s strategic objective is to assure a reliable and sustainable supply of local crude to meet CountryMark’s daily refining requirements and produce a quality portfolio of finished products. One of the critical steps in achieving this priority occurred in 2008, when CountryMark began investing in oil exploration and production opportunities in the Illinois Basin. Those early investments led CountryMark, in 2010, to make a greater commitment to its interest in American oil exploration and production. At that time, assets were acquired, employees were hired and Countrymark Energy Resources, LLC, the oil exploration and production subsidiary of Countrymark Cooperative Holding Corp., was formed.

CountryMark’s initial oil production acquisition in 2010 included 750 oil wells that produced 1,100 barrels of oil per day. Through improved oil field operations, oil exploration success and carefully selected acquisition, CountryMark has grown to become one of the largest oil producers in the Illinois Basin. Today, CountryMark manages 1,400 oil wells, producing 3,500 barrels of oil per day.

More than 90% of CountryMark’s oil leases are located in the Illinois Basin, a 60,000 square mile depression in southern Illinois, southern Indiana and western Kentucky. CountryMark also owns oil leases in northern Indiana, Michigan, Kansas and Texas.

MITS: Why We Run a CountryMark Biodiesel Blend
"We have been running a CountryMark biodiesel blend in our fleet for 12 years and have experienced no issues ..."
 
Waltonville welcomes first CountryMark retail fuel station
The southern Illinois community of Waltonville recently welcomed its first CountryMark fuel station at 579 South Hirons St.
 
CountryMark names vice president of finance, administration
CountryMark recently named Jo Biggers as the vice president of finance and administration leading four corporate teams including finance and accounting, information technology, human resources and division orders and purchasing.
 
Elwood opens CountryMark fuel station, travel plaza
The Elwood, Ind., community recently welcomed a new CountryMark fuel station and travel plaza designed to meet the needs of both over-the-road truckers and everyday motorists.
 
Fort Wayne Community Schools: Why We Run a CountryMark Biodiesel Blend
"With nearly 300 school buses on the road hauling young kids to school five days a week, we need a dependable, good quality fuel to keep us running throughout the year ..."
 
 

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