Photo: glamhag (flickr)
Indiana State University gave permission to Pioneer Oil to drill on the university’s property in hopes of finding oil.
The Associated Press reports the Lawrenceville, Ill.-based company is confident about the land’s potential for producing oil.
“Indiana State President Dan Bradley, a former professor of petroleum engineering, says Pioneer believes there is “significant” potential for oil production under the campus in Terre Haute in western Indiana.
The drilling won’t cost university anything, but it would receive royalties if oil is found.”
The Terre Haute City Council is not as excited as the university for the drilling. It recently imposed a ban on hydraulic fracturing, or fracking, within city limits.