Note: For current crude oil prices call 1-800-832-5490

CRUDE OIL PRICE BULLETIN

Effective 7:00 A.M. on dates indicated below, subject to change without notice and subject to the terms of its Division Orders, CountryMark Refining and Logistics, LLC (hereinafter CountryMark) will pay per barrel for merchantable crude oil purchased from the operator's lease tank and delivered to CountryMark, or its authorized agent.

 

Illinois, Indiana & Kentucky

Effective June 1, 2020 - $28.44 Effective June 16, 2020 - $31.38
Effective June 2, 2020 - $29.81 Effective June 17, 2020 - $30.96
Effective June 3, 2020 - $30.29 Effective June 18, 2020 - $31.84
Effective June 4, 2020 - $30.41 Effective June 19, 2020 - $32.75
Effective June 5, 2020 - $32.55 Effective June 22, 2020 - $33.46
Effective June 8, 2020 - $31.19 Effective June 23, 2020 - $33.37
Effective June 9, 2020 - $31.94 Effective June 24, 2020 - $31.01
Effective June 10, 2020 - $32.60 Effective June 25, 2020 - $31.72
Effective June 11, 2020 - $29.34 Effective June 26, 2020 - $31.49
Effective June 12, 2020 - $29.26 Effective June 29, 2020 - $32.70
Effective June 15, 2020 - $30.12 Effective June 30, 2020 - $32.27


The average posted price for the month of June was $31.3667.

The average NYMEX price for the month of June was $38.3667.

(40 - 30 Gravity Flat) (Below 30 .015 per .1)

Quantities purchased will be computed on 100% tank tables or mutually acceptable automatic measuring equipment, corrected to 60 temperature, with full deduction for B.S. & W. content.

CountryMark will not accept crude oil containing halogenated, chlorinated or oxygenated organic compounds (such as but not limited to Carbon Tetrachloride, 1, 1 Dichloroethane, Trichloroethane or Tetrachloroethane, Isopropyl Alcohol, Ethyl Alcohol, Methanol, Glycol, Acetone). These and like compounds may cause severe equipment damage in the refinery.

Contamination usually occurs when a producer uses one of these chemicals in treating wells, flow lines and lease tankage to remove paraffin buildup. A small volume of crude contaminated with oxygenated or halogenated compounds can render large volumes of crude almost valueless. Any seller delivering crude oil to CountryMark containing such contaminant will be held liable for all damages resulting from that delivery.

COUNTRYMARK REFINING AND LOGISTICS, LLC

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.
 
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.
 
 

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