Indiana State University

Oil company expands drilling at Indiana State University

A company is expanding its search for oil deposits on Indiana State University property.

Pioneer Oil Co., based in Lawrenceville, Illinois, signed an oil and gas lease in 2012 with the university, which has collected hundreds of thousands of dollars in royalties under the deal.

The company finished drilling a new test well this week on a grassy area east of Holmstedt Hall and south of Root Hall, ISU Senior Vice President of Finance and Administration Diann McKee told the Tribune-Star ( ).

McKee said she did not know if they found more reserves. A company representative was not available for comment.

No production wells are allowed on the...