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The Illinois Basin has produced more than four billion barrels of petroleum. [6] Major oil production began in 1905, and from 1907 through 1912, the basin was the third-most oil productive area in the United States.
CountryMark is an agricultural cooperative firm, headquartered in Indianapolis, that operates in the United States crude oil and oil refinery businesses. Its chief asset is an oil refinery in Mount Vernon, Indiana, which is fitted to process 34,000 barrels-per-day of crude from the Illinois Basin, a series of small oilfields in southeastern Illinois, southwestern Indiana, and western Kentucky.
The United States maintains a Strategic Petroleum Reserve at four sites on the Gulf of Mexico, with a total capacity of 727 million barrels (115.6 × 10 ^ 6 m 3) of crude oil. The maximum total withdrawal capability from the United States Strategic Petroleum Reserve is 4.4 million barrels (700,000 m 3 ) per day.
This is a list of oil refineries. The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
In early 2023, BP announced plans to turn its 133-year-old oil refinery plant in Whiting, Indiana, into a new hydrogen hub as part of a national clean hydrogen network.
“The lack of this pipeline takeaway capacity may limit Permian Basin oil production in 2024 since companies cannot simply burn off the associated gas into the atmosphere,” Andy Lipow ...
Trump's plan to 'drill. baby, drill' isn't likely to spark more oil production, lower gasoline prices, and help reverse inflation, analysts say.