Image courtesy of Indiana State University

Oil has been discovered on a site owned by Indiana State University just east of the school’s downtown Terre Haute campus.

A crew from Pioneer Oil of Lawrenceville, Illinois started drilling at the site in December, the Fort Wayne Journal Gazette said.

Spring weather has now allowed for intermittent oil pumping, according to Diann McKee, Indiana State’s vice president of business affairs and finance.

“We’re a month or two out before we know exactly what the production level might be, but they are certainly well underway,” McKee said.

Oil was discovered around Terre Haute in 2011 on property belonging to the owners of the Indianapolis Motor Speedway, the Journal Gazette said.

A vapor recovery system is being used to prevent oil odors from reaching the 12,000-student campus.

“The university’s agreement with Pioneer Oil calls for royalty payments of at least 15 percent for all oil products that are produced. Proceeds will be placed in a dedicated fund for maintenance and capital improvement projects,” the report said.


Leave a Reply