Even if it works - the oil companies or govt will make them go away.
I can think of an area where this could be set up. Lots and lots of vacant land that no one wants as more and more dwellings get knocked down and bulldozed for more raw land.
Detroit.
With $7 corn and $13.50 beans, I can guarantee you any plantable land in the midwest is already gonna be worked this spring.
First of all I doubt that this biological process even works as advertised. Secondly, it's a big difference pumping crude from a well and waiting for a microorganism to excrete a meaningful amount. Could the process be scaled-up to produce refineable amounts of oil?