oil field

noun

Definition of oil field

: a region rich in petroleum deposits especially : one that has been brought into production

Examples of oil field in a Sentence

Recent Examples on the Web

Libya’s biggest oil field, Sharara, is back to pumping at a normal levels after re-starting on Monday following a one-day halt, according to a person familiar with situation. — Jessica Summers, Bloomberg.com, "Crude Holds Above $62 Ahead of Data to Show U.S. Crude Stocks Up," 6 Mar. 2018 An Austin oil company, Venado Oil and Gas, has acquired another 23,000 acres in South Texas' Eagle Ford Shale oil field. — Rye Druzin, San Antonio Express-News, "Austin-based oil company buys more Eagle Ford Shale acreage," 6 July 2018 But further out, industry spending on new oil fields will have a more lasting impact on both supply and prices. — Sarah Kent, WSJ, "As OPEC Meets to Lift Output, Big Oil Companies Are Holding Back," 21 June 2018 Last month, the company was hit with a $12.5-million fine by state regulators over violations at an oil field in Orange County. — Evan Halper, latimes.com, "Will Trump's pick to run EPA in California show up for work?," 18 May 2018 Sullom Voe handles production from more than two-dozen oil fields and receives crude through the Brent and Ninian pipeline systems, according to EnQuest’s website. — Laura Hurst, Bloomberg.com, "Brent Crude Oil Flows to Export Terminal in Scotland Halted," 3 May 2018 Pompeo would eventually become president of Sentry International, a company that sold equipment for oil fields and manufacturing. — Kaitlyn Schallhorn, Fox News, "Mike Pompeo is Trump's new secretary of state: What to know about him," 2 May 2018 Some projects are already operating, but most are just reinjecting gas into oil fields to keep the crude flowing. — Scott K. Johnson, Ars Technica, "Keeping the world below 2°C of warming needs tech we don’t have," 5 Feb. 2018 Ten minutes up the coast from there in Wilmington, which sits on the third-largest oil field outside Alaska, camouflage is a lost cause. — Matt Jaffe, Los Angeles Magazine, "Above the Surface and Below, L.A. Is Still an Oil Town," 5 Feb. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'oil field.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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Last Updated

11 Nov 2018

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Time Traveler for oil field

The first known use of oil field was in 1863

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oil field

noun

Financial Definition of oil field

What It Is

An oil field is land that contains oil.

How It Works

Specifically, an oil field contains oil that is trapped by a layer of rock. Oil fields are notoriously difficult to locate and tap.

Why It Matters

There are thousands of oil fields on Earth, some of which are at the bottom of the sea. These oil fields are the source of much of the world's oil, and many companies spend millions of dollars locating and drilling in oil fields. The fuel obtained from these fields can become gasoline, plastic, jet fuel and a variety of other products.

Source: Investing Answers

oil field

noun