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Oil
Calumet goes back to market with public offering
March 26, 2013
IBJ Staff, Associated PressThe Indianapolis-based petroleum refiner plans to use proceeds from the 5.3 million unit stock offering for working capital,
acquisitions and possibly the redemption or repurchase of debt.
MoreIndianapolis firm seeks oil in north-central Indiana
March 7, 2013
Associated PressIndianapolis-based CountryMark hopes an Indiana oil field that once was the largest in the United States can be lucrative
again.
MoreCountryMark paying $18 million for pollution controls
March 1, 2013
Associated PressGovernment officials alleged Indianapolis-based CountryMark violated the law when the oil refiner expanded operations without
obtaining proper permits and installing necessary pollution controls.
MoreCalumet Specialty buys Texas refinery for $115M
December 18, 2012
IBJ Staff and Associated PressIndianapolis-based Calumet Specialty Products Partners LP said Monday that it is buying NuStar's San Antonio, Texas, refinery
assets for about $115 million.
MoreMidwest Energy oil firm drilling for $15M
December 8, 2012
Chris O'MalleyAn Indianapolis investment advisory oil firm has been looking for blowouts in its own back yard. Midwest Energy Partners is
preparing for its seventh—and largest—round of funding to pay for oil drilling in southwestern Indiana and southeastern
Illinois.
MoreCountryMark buying oil, natural gas operations for $125 million
November 9, 2012
Scott OlsonIndianapolis-based CountryMark Cooperative Holding Corp. said Friday morning that it has agreed to pay $125 million to purchase
a portion of the oil and natural gas operations of Continental Resources Inc. in Oklahoma City.
MoreOil search planned at Indiana State campus
August 28, 2012
Associated PressTerre Haute's public works board voted Monday to give permission for a Michigan company to begin seismic testing at several
locations on university-owned property near the city's downtown.
MoreRefinery problems, spill drive up Great Lakes gas
August 3, 2012
Associated PressSeveral Great Lakes states have seen prices surge about 40 cents per gallon in the last week. That follows a pipeline rupture
and shutdown in Wisconsin and equipment problems at refineries in Indiana and Illinois.
MoreMore oil exploration planned in western Indiana
July 12, 2012
Associated PressAn oil company is planning more drilling in western Indiana near where it made a large oil discovery last year on land owned
by the Hulman family.
MoreIndiana oil production surges amid high prices
May 3, 2012
Chris O'MalleyCrude-oil production jumped 8.3 percent in Indiana in 2011, to just under 2 million barrels—the highest output in a
decade, according to data from the Indiana Department of Natural Resources.
MoreInvestors in Midwest Energy Partners await gusher
December 3, 2011
IBJ StaffThe company raised $4.6 million to drill for oil in southwestern Indiana and southern Illinois.
MoreIndiana environmentalists wary of oil pipeline plan
October 25, 2011
Associated PressThe oil industry says a new oil pipeline from Canada to the Gulf Coast might create jobs for Indiana residents if the Obama
administration approves its construction.
MoreFrontier Airlines cuts second-quarter capacity plans
March 7, 2011
Associated PressIndianapolis-based Republic Airways Holdings Inc. said Monday that it is reducing growth plans for its Frontier Airlines unit
because of uncertainty about future oil prices.
MoreIndy-based cooperative strikes oil at Terre Haute well
February 25, 2011
Associated PressIndianapolis-based oil cooperative says it has made a "significant" oil find at a well site in western Indiana on
property owned by the Hulman family.
MoreOil, gas investment firm targets downstate potential
August 24, 2010
Chris O'MalleyMidwest Energy Partners will back two oil/gas producers. New technologies could stoke investor returns from wells in Illinois
Basin, where production peaked decades ago.
MoreIllinois firm to build used oil plant in Speedway
July 17, 2010
IBJ StaffThe $40 million project along West 10th Street could create 75 jobs by 2013.
MoreEnvironmental services firm to build $40M refinery
July 13, 2010
Kathleen McLaughlinHeritage-Crystal Clean Inc. plans to build an oil re-refinery in Speedway, creating as many as 75 new jobs by 2013.
MoreCountryMark acquires oil wells in southern Indiana
May 12, 2010
J.K. WallIndianapolis-based CountryMark, a co-op that provides fuel to farmers, has acquired 600 oil wells and other assets in the
Illinois basin.
MoreReduced production drives Calumet to a loss
May 5, 2010
IBJ StaffHigh crude oil prices and lower production hurt the bottom line at Calumet Specialty Products Partners LP, which Wednesday
reported a $13.1 million first-quarter loss. It posted a $75.6 million profit in the first three months of 2009.
MoreOil companies drill in Indiana fields thought to be 'played out' a century ago
July 14, 2008
Chris O'MalleySky-high oil prices have rekindled an industry in east-central Indiana that many thought had run its course a century ago.
A handful of wily prospectors motivated by oil prices approaching $150 a barrel are betting that's not the case.
MoreFranklin manufacturer benefits from high petroleum costs
August 14, 2006
Anthony SchoettleIncreased oil and natural gas prices are hammering many manufacturers, but Franklin-based Grimmer Industries Inc. is flying
high. Grimmer specializes in making Hurricane brand air compressors and compressor boosters used in oil and natural gas well
drilling and aggregate mining.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.