CountryMark Acquires East Region Continental Resources

first_img By Gary Truitt – Nov 9, 2012 Smith added that investing in the Illinois Basin has been and will continue to be strategic to the success of CountryMark. “Deploying advanced technologies in our exploration and production efforts, as well as our refining and logistics endeavors will be positive for our farmer owners, the Indiana oil and gas industry, the economic development opportunities of the tri-state area, and American energy security,” said Smith.CountryMark agreed to purchase the Continental East Region assets for $125 million. The transaction is expected to close prior to year-end and is subject to customary closing conditions and adjustments. On Thursday, Indianapolis-based CountryMark announced an agreement to purchase the crude oil and natural gas properties of the East Region of Continental Resources, Inc. With this purchase, CountryMark will add to its portfolio wells that produce an average of 1,100 barrels of equivalent crude oil per day. The majority of the oil and natural gas production is located in the geographic region known as the Illinois Basin, which encompasses much of southern Indiana and Illinois, and western Kentucky. CountryMark will also acquire from Oklahoma City-based Continental crude oil and natural gas properties in Michigan, Mississippi and Kansas. In total, the acquisition will give CountryMark interest in 121,000 acres across six states.  “For years, Continental has been an excellent operator in the Illinois Basin,” said CountryMark CEO Charlie Smith. “This purchase brings to our company established production with upside potential for continued development and exploration. Integrating this well-run oil production business into our operation is a great opportunity for our company to secure feedstock for our refinery, while providing a good economic return for our farmer owners.” Facebook Twitter CountryMark is a farmer-owned cooperative and is Indiana’s only American-owned oil exploration, production, refining and marketing company. As the largest buyer of Illinois Basin crude, CountryMark refines 26,800 barrels of crude oil per day at its Mt. Vernon, Indiana, refinery. Located in the southwest tip of the state, the refinery opened in 1940. CountryMark entered the oil exploration and drilling business in 2008. Facebook Twitter SHARE CountryMark Acquires East Region Continental Resources Home Energy CountryMark Acquires East Region Continental Resources SHARE Previous article2013 Indiana State Fair to Feature PopcornNext articleNovember WASDE Report from USDA Gary Truittlast_img read more

Over 120 Players Qualify for Finals of DOAMF Charity Golf

first_imgMore than 120 players have booked places in the final round of the 7th edition of the Daniel Ogechi Akujobi Memorial (DOAM) Foundation following the qualifiers that took place last Saturday at the Golf Section of Ikoyi Club 1938 in Lagos.The players will now be joined by guest players to make the full field when the finals tees-off on Saturday February 4th, 2017, at the same venue.Coordinator of the event, Pat Bassey, said the keen interest shown in the Qualifiers has been overwhelming and illustrates the increasing popularity of the tournament and trust in what it represents – changing lives through golf. “We are pleased with the caliber of golfers and individuals that have shown interest in reaching the under-privileged through DOAM Foundation. Despite not being able to accommodate all the golfers who desire to enjoy the tournament’s unique experience, we do appreciate. the strong interest by an overwhelming number of golfers, which is clearly a reflection of their confidence in the accountability and integrity of this project.” He said.More than 66,000 lives have been impacted from donations received through the Foundation. The DOAMF Charity Golf funds have been channeled to support social causes in the specific areas of education, health and medical intervention within needy families and communities.“In the last six years, projects supported include Scholarship Awards, Renovation/Rehabilitation of health centres in rural communities (Mowe in Ogun State and Amaimo in Imo State), building and equipping an Accident and Trauma centre at Mowe in Obafemi Owode LGA, Ogun State, Sickbay, Lavatory and library projects (in various schools across the country), skills acquisition for mothers of Orphans and Vulnerable Children ( OVC) students, scholarship awards to deserving students, and free medical screening and treatment to the less privileged in rural communities, amongst others.” Mr. Bassey added.The DOAM Charity Golf Tournament is an annual one- day fund raising event that has been staged since 2011 at the Golf Section of Ikoyi Club 1938.This year’s final will be concluded with a Prize giving/award cocktail party later in the evening of the same day.The Daniel Ogechi Akujobi Memorial (DOAM) Foundation is a charitable, humanitarian, and non-governmental organisation established in 2007, in memory of Master Daniel Ogechi Akujobi (1992-2005) who died from injuries he sustained in a fatal highway accident on his way back to school along the Lagos-Ibadan expressway, Ogun State Nigeria. He was the only son of his parents.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

NBA wrap: Magic pull away from 76ers to earn win in Orlando

first_imgThe Magic took down the 76ers handily Monday.Orlando pulled away in the second half and claimed a 21-point, 119-98, win over Philadelphia. Ben Simmons sat out for the 76ers with an illness, and the team just didn’t look its best.Nikola Vucevic torched Philadelphia with a game-high 28 points and 11 rebounds in the contest. Evan Fournier contributed 24 points in the victory. Related News Jason Kidd discusses potentially coaching Lakers, LeBron James Adams ➡️ Schroder ➡️ PG#ThunderUp 53#GrindCity 65📱💻: https://t.co/cb8TXyNer6 pic.twitter.com/TPk8MVUoK5— NBA (@NBA) March 26, 2019Enes Kanter batted the ball away in an unorthodox way to end the third quarter in Portland’s 148-144 win over Brooklyn.we interrupt this basketball game for…..volleyball??Good form, @Enes_Kanter. pic.twitter.com/yd1dO2VswX— Trail Blazers (@trailblazers) March 26, 2019What’s Next?Rockets (47-27) at Bucks (55-19) 8 p.m. ET — The two front-runners for MVP, James Harden and Giannis Antetokounmpo, are going head-to-head Tuesday. This matchup between Milwaukee and Houston could have a playoff feel to it.center_img Joel Embiid led the way for the 76ers, totaling 20 points and 10 rebounds on the night.Ninth-seeded Orlando is jockeying to get into playoff position while Philadelphia sits firmly in third in the Eastern Conference standings.Studs of the NightDevin Booker scored 59 points in the Suns’ 125-92 loss to the Jazz.Paul George’s 30 points and 12 rebounds weren’t enough for the Thunder, as they fell to the Grizzlies, 115-103.Dud of the NightJJ Redick tallied eight points on 2-of-10 shooting in Philadelphia’s loss.HighlightsDeandre Ayton threw down a big dunk over Rudy Gobert.Deandre Ayton punches it home! #TimeToRiseWATCH on NBALP: https://t.co/cb8TXyNer6 pic.twitter.com/PzYFJRNih0— NBA (@NBA) March 26, 2019Dennis Schroder dished a quick touch pass to George on the break for an emphatic finish. Jazz center Rudy Gobert sets NBA single-season dunk recordlast_img read more