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Prices Help Drive Increase of Midwest Oil Exploration

By Mike Hendren April 5, 2011 10:55 AM

(Photo by Scott Olson/Getty Images)

OKAWVILLE, IL – OCTOBER 9: An oil drilling rig derrick rises out of a corn field October 9, 2004 near Okawville, Illinois. High oil prices and low finding cost in the region which has relatively shallow wells help drive exploration in the farm belt where an average well produces 40-50 barrels-a-day over a 15-20 year life span. Vintage Exploration, which has about 20 producing wells, is one of many small oil companies operating in the region. (Photo by Scott Olson/Getty Images)

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