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 ~1800 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 Kansas and Louisiana.

CountryMark Fueling Freedom events raise over $53,000 for local military families
CountryMark’s Fueling Freedom events on June 25 raised more than $53,000 to support local National Guard Family Readiness Groups.
 
CountryMark fuel stations to raise money for local military families through Fueling Freedom program
When you fill up at a participating CountryMark fuel station on Friday, June 25 between noon and 5pm, CountryMark and its branded dealers 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.
 
CountryMark Supports Indiana Ethanol Bill
An unknown Ohio group mailed postcards earlier this month to a number of Indiana households and businesses that claimed CountryMark "hates ethanol" because of CountryMark's support for Indiana Senate Bill 303, also known as the ethanol or gasohol bill. SB 303 seeks to update Indiana's definition of gasohol and would make selling gasoline with a 15 percent blend of ethanol legal year round in the state of Indiana.
 
CountryMark helps cover mask costs for local students in Posey County
CountryMark is helping to cover the costs of face masks for students attending school in the Metropolitan School District of North Posey County and the Metropolitan School District of Mount Vernon Indiana.
 
CountryMark and branded dealers give back through adjusted Fueling Freedom program
For over 10 years, CountryMark has hosted Fueling Freedom events at CountryMark branded fueling stations across Indiana, Illinois and Ohio. During these events, CountryMark and branded dealers have donated 50 cents for every gallon of fuel pumped to local National Guard Soldier and Family Readiness Groups
 
 

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