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

An oil platform in the Clair Ridge oil field in the North Sea. — Dan Molinski And Sarah Mcfarlane, WSJ, "Oil Climbs Despite Rising U.S. Crude Inventories," 13 Feb. 2019 Rangeland’s assets included crude oil pipelines and storage infrastructure in New Mexico and West Texas that serve the Permian Basin oil field. — Rye Druzin, San Antonio Express-News, "San Antonio’s Andeavor expands asphalt business with $75 million acquisition," 13 Feb. 2018 Earlier this year, Iraq signed a deal with U.S. energy company Orion Gas Processors LLC to process natural gas extracted at its giant Nahr Bin Omar oil field and transform it into usable fuels. — Benoit Faucon, WSJ, "U.S. Pushes Iraq to Wean Itself Off Iranian Energy," 23 Nov. 2018 No damage was detected in oil fields or on the trans-Alaska pipeline. — Dan Joling, The Seattle Times, "Alaska’s North Slope shaken by 2 largest recorded quakes," 14 Aug. 2018 An oil platform in the Clair Ridge oil field in the North Sea off the coast of Scotland. — Christopher Alessi, WSJ, "Oil Prices Decline as U.S. Stocks Fall," 14 Dec. 2018 An extension would run from the North Slope oil fields down through Fairbanks, which would ultimately allow faster connections between companies in North America, Europe and Asia. — Nathaniel Herz, Anchorage Daily News, "‘It sounded too good to be true’: Inside the Alaska broadband company whose former CEO is charged with wire fraud," 28 Apr. 2018 Today, the province is one of the most populous in the country and a key part of Xi's fight against poverty, as proclaimed by red banners across acres of peanut farms and oil fields. — Yanan Wang, Fox News, "Christian heartland opens window into fight for China's soul," 7 Aug. 2018 Here in the Catatumbo region — a rugged terrain dotted with streams, oil fields and palm plantations — guerrilla groups have been fighting for three months to take over a former domain of FARC, the Marxist force disbanded under the peace deal. — Anthony Faiola, Washington Post, "Two years after Colombia’s peace accord, the historic pact is in jeopardy," 16 June 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

18 Feb 2019

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Time Traveler for oil field

The first known use of oil field was in 1863

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More Definitions for oil field

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