Explore a hypothetical oil and gas well investment scenario by evaluating formations in Illinois.Read more
Illinois Oil Wells for Sale
The history of Oil Well Exploration in Illinois begins with the Illinois Oil Basin. This major structural feature with infinite number of subtle folds and faults caused by basin subsidence played a vital role in crude oil accumulation within the Illinois basin. Formerly, the exploration of oil wells in Illinois was based on drilling large structural features within the basins. The exploration of over 200,000 oil wells, over a period of almost a century has produced enormous amounts geological information related to oil drilling and the Illinois Oil Basin.
As the records show today, we have only developed the top 3,300 feet of over 14,000 feet of oil reserves in the Illinois basin sediment. These shallow Pennsylvanian and Upper Mississippian age sedimentary rocks have produced the bulk of the Illinois basins total oil production. With the search of their subtle stratigraphic traps, a steady increase of economical oil well production in Illinois has been currently carried out. Oil Reserves and Oil Basins such as those in Illinois is why Investments and Acquisitions has chosen to venture into the heart of Illinois country to find quality Oil Wells for Sale brought to you with up to date data structures, photos, reports, videos and much more. Browse our Illinois Oil Wells for Sale below.