CountryMark paying $18 million for pollution controls
Government officials alleged Indianapolis-based CountryMark violated the law when the oil refiner expanded operations without obtaining proper permits and installing necessary pollution controls.
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Calumet Specialty buys Texas refinery for $115M
Indianapolis-based Calumet Specialty Products Partners LP said Monday that it is buying NuStar's San Antonio, Texas, refinery assets for about $115 million.
Midwest Energy oil firm drilling for $15M
An 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.
CountryMark buying oil, natural gas operations for $125 million
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.
Oil search planned at Indiana State campus
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.
Refinery problems, spill drive up Great Lakes gas
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.
More oil exploration planned in western Indiana
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.
Indiana oil production surges amid high prices
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.
Investors in Midwest Energy Partners await gusher
The company raised $4.6 million to drill for oil in southwestern Indiana and southern Illinois.
Indiana environmentalists wary of oil pipeline plan
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.
Frontier Airlines cuts second-quarter capacity plans
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.
Indy-based cooperative strikes oil at Terre Haute well
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.
Hulman family plans oil drilling near Terre Haute
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.
Oil, gas investment firm targets downstate potential
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: Hayward out as CEO
BP PLC says Tony Hayward will step down as chief executive officer on Oct. 1, to be succeeded by American Robert Dudley.
American could take over Britain’s BP in wake of Gulf oil spill
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.
Illinois firm to build used oil plant in Speedway
The $40 million project along West 10th Street could create 75 jobs by 2013.
Environmental services firm to build $40M refinery
Heritage-Crystal Clean Inc. plans to build an oil re-refinery in Speedway, creating as many as 75 new jobs by 2013.
CountryMark acquires oil wells in southern Indiana
Indianapolis-based CountryMark, a co-op that provides fuel to farmers, has acquired 600 oil wells and other assets in the
Illinois basin.
Reduced production drives Calumet to a loss
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.