LINCOLN, Neb. (AP) — An Australian company has announced finding what it says could be several million barrels of oil in a new Nebraska Panhandle location.

The Lincoln Journal Star reported Friday (http://bit.ly/WO275R) that Black Star Petroleum says the oil was discovered thanks to two wells it drilled near the Wyoming border in Banner County.

Recommended Stories

America’s great shale revolution rumbles on

Saudi Arabia oil production cuts could cause more pain for US drivers

Biden drilling ban would cost 1M jobs and cause $700B drop in GDP: Industry study