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 operates more than 900 oil wells, producing ~1100 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 has non-operating oil leases in Texas, Kansas and Louisiana.

CountryMark's Fueling Wishes Raises Over $13,000 to Fund Wish of Shelby County Child Battling Critical Illness
Proceeds from the fundraiser resulted from CountryMark donating 20 cents per gallon from fuel sales during the month of August, in-store donations from customers, and matching of those customer donations from QuickPix convenience store operator Herdrich Petroleum Corp.
 
Fueling Wishes Fundraiser Launched at the CountryMark Station in Shelbyville, Indiana
During the month of August, CountryMark is donating 20 cents for every gallon of fuel pumped at the CountryMark QuickPix station in Shelbyville, IN to fund the wish of a local child battling a critical illness.
 
CountryMark's Fueling Freedom raises over $63,000 for local military families
CountryMark's Fueling Freedom events on June 24 raised more than $63,000 to support local National Guard Family Readiness Groups and Unite Service Organizations. Across Indiana, Illinois and Ohio, 34 CountryMark-branded fueling stations participated in Fueling Freedom 2022. For every gallon of fuel pumped, CountryMark and local branded dealers agreed to donate 50 cents to organizations with a mission of supporting local military families.
 
CountryMark Names New Vice President of Corporate Services
CountryMark recently named Mike Leland as vice president of corporate services leading the corporate teams of human resources, information technology, division order and management systems.
 
CountryMark fuel stations to raise money for military families with Fueling Freedom
Fuel up at a participating CountryMark fuel station during Fueling Freedom and 50 cents from every gallon of fuel sold will be donated to local organizations that support our military families!
 
 

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