Midwest Energy Partners will back two oil/gas producers. New technologies could stoke investor returns from wells in Illinois
Basin, where production peaked decades ago.
The man overseeing the much-maligned response by BP PLC to the Gulf oil spill crisis is the likely choice to replace gaffe-prone
Tony Hayward to run the company and would become the first American to ever head the oil giant.
Heritage-Crystal Clean Inc. plans to build an oil re-refinery in Speedway, creating as many as 75 new jobs by 2013.
Indianapolis-based CountryMark, a co-op that provides fuel to farmers, has acquired 600 oil wells and other assets in the
Sky-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.
Increased 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.