Missouri Oil

1 decade 1 year 6 months ago Saturday, November 17 2007 Nov 17, 2007 Saturday, November 17, 2007 9:43:03 PM CST November 17, 2007 in News

"To make this work is 95 percent skill and 5 percent luck," Megawest engineer Jim Long said.

Long is a longtime resident of Vernon County. He owns the farm there and said he hopes to drill 100 wells in the next year.

This is turning heads within the community. People are starting to wonder about interest or competition.

"There are two risks in the oil industry can you find the oil and can you make money getting it out of the ground," Thorton said.

According to Megawest, Missouri oil does cost a little bit more to get out of the ground, and is thick and cold. The oil is also not very deep in the ground.

Missourians could see a lot more old fashioned drilling.

"We consider ourselves pioneers. We're rediscovering heavy oil that nobody is paying attention to the large companies are chasing elephants in the north sea, gulf of mexico or asia and they've left this territory basically unattended," Thorton said.

Megawest said they hope to be pumping oil by February. Engineers are working on 8- acres now. The ultimate goal is 5,000 acres a year with a return of 10,000 barrels of oil per day.

More News

Grid
List
COLUMBIA - The City of Columbia will pay $3.4 million dollars in its settlement with the family of Gabriella Curry,... More >>
29 minutes ago Monday, May 20 2019 May 20, 2019 Monday, May 20, 2019 10:55:00 AM CDT May 20, 2019 in News
COLUMBIA - The Columbia Police Department has arrested and identified the man responsible for breaking into homes around Columbia while... More >>
1 hour ago Monday, May 20 2019 May 20, 2019 Monday, May 20, 2019 10:20:00 AM CDT May 20, 2019 in Top Stories
JEFFERSON CITY - A new statue will be unveiled on Monday in Jefferson City. The ‘Immigrants Arriving” statue is meant... More >>
2 hours ago Monday, May 20 2019 May 20, 2019 Monday, May 20, 2019 8:54:00 AM CDT May 20, 2019 in News
JEFFERSON CITY - House Bill 677 has made it all the way to Gov. Parson's desk and is awaiting his... More >>
10 hours ago Monday, May 20 2019 May 20, 2019 Monday, May 20, 2019 1:14:00 AM CDT May 20, 2019 in News
COLUMBIA - A Columbia woman said her mom woke up early Saturday morning to find a man lying naked beside... More >>
11 hours ago Sunday, May 19 2019 May 19, 2019 Sunday, May 19, 2019 11:28:00 PM CDT May 19, 2019 in News
COLUMBIA - Passengers on a United Airlines flight from Columbia to Denver were offered thousands of dollars worth of vouchers... More >>
12 hours ago Sunday, May 19 2019 May 19, 2019 Sunday, May 19, 2019 11:12:00 PM CDT May 19, 2019 in News
COLUMBIA - The debate over Missouri's abortion bill came to MU on Saturday. Protestors were dressed in white bonnets... More >>
15 hours ago Sunday, May 19 2019 May 19, 2019 Sunday, May 19, 2019 8:15:00 PM CDT May 19, 2019 in News
COLUMBIA - Following the release of the Mueller report, Missouri election officials say keeping the state's elections secure is a... More >>
17 hours ago Sunday, May 19 2019 May 19, 2019 Sunday, May 19, 2019 6:05:00 PM CDT May 19, 2019 in News
COLUMBIA - The Orr Street Farmers and Artisans Market is now open every Sunday from 9 a.m. till 1 p.m.... More >>
21 hours ago Sunday, May 19 2019 May 19, 2019 Sunday, May 19, 2019 1:42:00 PM CDT May 19, 2019 in Continuous News
MOBERLY - A woman was arrested in Moberly Saturday night after a report of a shoplifting at Gordman's department store.... More >>
23 hours ago Sunday, May 19 2019 May 19, 2019 Sunday, May 19, 2019 12:17:00 PM CDT May 19, 2019 in Continuous News
COLUMBIA - Avengers super-fan Jace Aitkens needs a new kidney. His mom, Kayla Aitkens, said it all started when... More >>
1 day ago Sunday, May 19 2019 May 19, 2019 Sunday, May 19, 2019 7:55:00 AM CDT May 19, 2019 in News
COLUMBIA - The 2018-2019 school year is wrapping up for students in Columbia, but they're still learning important skills. ... More >>
1 day ago Sunday, May 19 2019 May 19, 2019 Sunday, May 19, 2019 6:00:00 AM CDT May 19, 2019 in News
COLUMBIA - Strong storms pummeled mid-Missouri Saturday evening, leaving lots of damage in their wake. A Facebook User sent... More >>
1 day ago Saturday, May 18 2019 May 18, 2019 Saturday, May 18, 2019 8:54:00 PM CDT May 18, 2019 in News
KINGDOM CITY - High winds blew a tractor-trailer off the road at the intersection of Highway 54 and I-70 Saturday... More >>
1 day ago Saturday, May 18 2019 May 18, 2019 Saturday, May 18, 2019 7:48:00 PM CDT May 18, 2019 in News
COLUMBIA - People who suffer from chronic pain can now turn to alternative treatments besides opioids. Dr. Amanda Alcamo... More >>
1 day ago Saturday, May 18 2019 May 18, 2019 Saturday, May 18, 2019 7:00:00 PM CDT May 18, 2019 in News
COLUMBIA - Thousands of customers throughout mid-Missouri lost power Saturday, according to the Association of Missouri Electric Cooperatives. The... More >>
1 day ago Saturday, May 18 2019 May 18, 2019 Saturday, May 18, 2019 5:53:00 PM CDT May 18, 2019 in News
COLUMBIA - The Missouri Abortion Bill has passed in the House and Senate.  Saturday, mid-Missourians gathered outside of Columbia... More >>
1 day ago Saturday, May 18 2019 May 18, 2019 Saturday, May 18, 2019 2:18:00 PM CDT May 18, 2019 in News
ST. LOUIS - The St. Louis Blues rebounded from a tough Game 3 loss and took Game 4 of the... More >>
2 days ago Friday, May 17 2019 May 17, 2019 Friday, May 17, 2019 10:45:00 PM CDT May 17, 2019 in Sports
Columbia, MO
Broken Clouds 62°
12pm 60°
1pm 62°
2pm 64°
3pm 66°