IBJNews

Indiana State gives permission for company to drill

Back to TopCommentsE-mailPrintBookmark and Share

Indiana State University is hoping join in on the ongoing oil boom in Vigo County.

The university in Terre Haute has given permission for Pioneer Oil of Lawrenceville, Ill., to drill on university-owned land, the Tribune-Star reports. Indiana State President Dan Bradley, a former professor of petroleum engineering, says Pioneer believes there is "significant" potential for oil production under the campus in Terre Haute in western Indiana.

The drilling won't cost university anything, but it would receive royalties if oil is found. Bradley says other property owners downtown are also being contacted about possible drilling.

Interest in Vigo County oil really took off after Indianapolis-based CountryMark made a significant oil find on property belonging to the Hulman family that owns Indianapolis Motor Speedway. The strike was producing as many as 2,000 barrels per day for a time, CountryMark CEO Charlie Smith said.

"There's nothing that attracts attention and interest like someone who has had success," said Herschel McDivitt, DNR's director of the division of oil and gas.

Since then, the Indiana Department of Natural Resources has seen oil permits go from one in 2010, to 18 in 2011, to 25 in 2012. The DNR says nine permits have been issued in 2013.

Pioneer Chief Financial Officer Steve Miller says drilling on the Indiana State campus is made possible by improved technology. He says Pioneer likely will drill straight down more than 1,000 feet and then turn its drilling equipment to run horizontally.

"It's incredibly sophisticated stuff," Bradley said.

Pioneer has experience drilling in unconventional locations. The company has a well on the campus of the University of Southern Indiana and also drills in New Harmony State Park, Miller said.

The new interest in oil production in Vigo County has triggered concern. The City Council recently imposed a moratorium on hydraulic fracturing, better known as "fracking," within the city limits.

ADVERTISEMENT

  • Will they cover the damages?
    Will the driller be required to pay 100% of the costs of the inevitable damage from the inevitable oil spills?

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

ADVERTISEMENT