Indianapolis-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.
Terre 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.
Several 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.
An 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.
Crude-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.
The company raised $4.6 million to drill for oil in southwestern Indiana and southern Illinois.
The 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.
Indianapolis-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.
Indianapolis-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.
The Vigo County planning commission on Wednesday approved zoning changes to allow drilling on about six acres owned by the Grace Hulman Real Estate Trust and Anton Hulman Jr. Real Estate Trust.
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.
BP PLC says Tony Hayward will step down as chief executive officer on Oct. 1, to be succeeded by American Robert Dudley.
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.
The $40 million project along West 10th Street could create 75 jobs by 2013.
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
Illinois basin.
High 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.
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.
