Illinois Basin Crude Oil

 
CountryMark is the largest buyer of crude oil from the Illinois Basin. Here are facts about the Illinois Basin Oil Industry.
 
Geography: The Illinois Basin is a geological region that covers southern Illinois, southern Indiana and western Kentucky. It includes 22,000 oil wells producing more than 12 million barrels of American oil per year.
 

Jobs: The Illinois Basin oil industry employees 20,000 workers in crude oil exploration, production, refining, marketing and finished production distribution. These are jobs that pay wages capable of supporting families, paying mortgages and putting children through college. These are good paying jobs that we as a nation covet.

 
Crude Oil Purchases: In 2018, CountryMark purchased $389 million worth of Illinois Basin crude oil.    



CountryMark CEO Retires After Lifetime Career in Oil Business
After 17 years as CountryMark's chief executive officer and president, Charlie Smith will retire from the company this December. "Our employees are what makes this company great, and I have been honored to serve them since 2003," said Smith.
 
Smorch will lead CountryMark as next CEO
The CountryMark Board of Directors recently named Matt Smorch as the new president and chief executive officer following the retirement of Charlie Smith effective January 1, 2020.
 
Small Refiner Exemption Protects Jobs without Destruction to Renewable Fuel Demand
As a farmer-owned cooperative, CountryMark serves as a strong advocate and state leader in the marketing of renewable fuels including ethanol and biodiesel blends. Due to disproportionate economic hardship, CountryMark applied for an exemption under the Environmental Protection Agency's Renewable Fuels Standard (RFS) for 2018 and has notified the EPA of its intent to sue because the EPA has not issued its determination within the timeframe required by law.
 
CountryMark Fueling Freedom events raise more than $57,000 for local military families
CountryMark's Fueling Freedom events on June 21 raised more than $57,000 to support local National Guard Family Readiness Groups. Across Indiana, Illinois and Ohio, 37 CountryMark-branded fueling stations participated in Fueling Freedom 2019. For every gallon of fuel pumped, CountryMark and local branded-dealers agreed to donate 50 cents to local National Guard Family Readiness Groups.
 
Fueling Freedom to raise money for local Military Families
When you fill up at a participating CountryMark fuel station on Friday, June 21 between noon and 5pm, CountryMark and member owners will donate 50 cents for every gallon of fuel pumped to local National Guard Family Readiness Groups. Customers are also invited to register to win a $150 gift card.
 
 

facebook   linkedin   Twitter   Youtube