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.

Fueling Freedom celebrates 10th anniversary on June 22
On Friday, June 22, thirty-nine CountryMark fuel stations across the Midwest will host Fueling Freedom, an event dedicated to supporting local military families.
 
CountryMark recognizes outstanding energy professionals
CountryMark recently honored five energy professionals for outstanding performance and leadership during the annual CountryMark Awards Banquet hosted in Indianapolis on Saturday, November 18
 
B. Thompson Associates: Why We Use Advantage Lubricants
"CountryMark Advantage Lubricants perform very well in our fleet of trucks, farm and construction equipment. Since 2010, we have seen wear metals go down, soot levels decrease by 50 percent, engine life increased and drive train repairs decrease."
 
CountryMark Invests Millions in Mt. Vernon Refinery
Reducing its environmental impact, improving the safety and reliability of its refinery, and producing more gasoline for its valued customers have been the results of CountryMark's 2017 refinery upgrades.
 
Franklin Township Community Schools: Why We Use Advantage Lubricants
"We have been very happy with the level of quality and consistency in CountryMark Advantage Lubricants."
 
 

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