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 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 & Family Readiness Groups
 
Unleaded 88 now available at CountryMark terminals
CountryMark, a farmer-owned cooperative, recently added Unleaded 88, a 15 percent ethanol blend to its PLUS gasoline product line-up. The new, higher octane gasoline fuel will be available for purchase at CountryMark fuel terminal locations in Jolietville, Mt. Vernon, Peru and Switz City, Indiana.
 
COVID-19 Public Statement from CountryMark
A message from CountryMark President and CEO Matt Smorch regarding COVID-19 (coronavirus).
 
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.
 
 

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