Intrepid Petroleum Company, LLC (IPC) is an Illinois Limited Liability Company formed in 1999. Its purpose was to acquire existing oil properties while prices were at historic lows. The Company was successful in acquiring over 800,000 proven recoverable oil reserves in the Illinois Basin.
At the current time IPC is implementing a plan to develop its reserves in Dewitt and Jasper Counties in Illinois. Most of the development will focus on its shallow oil reserves in the Parnell Field in Dewitt County.
The Company has a proven track record of identifying and acquiring oil properties with potential for low cost development.
More coming soon...