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

Linn said it is unloaded about 28,000 acres in mature West Texas oil fields to an undisclosed buyer for $119.5 million. — Jordan Blum, Houston Chronicle, "Linn Energy selling West Texas assets for $20 million," 14 Feb. 2018 An Alaska oil explorer with a string of wins under his belt claims his latest discovery is the largest in the U.S. since the Prudhoe Bay oil field in 1968, and contains about 3 billion barrels of recoverable oil. — Alex Demarban, Anchorage Daily News, "Oil Search bought into Nanushuk discovery for very little, despite huge potential," 18 Jan. 2018 The deal will further shrink BP's presence in Alaska — the company sold some fields to Hilcorp in 2014 — though BP still operates Prudhoe Bay, the largest oil field in the state. — Alex Demarban, Anchorage Daily News, "BP to exit large Alaska oil field in swap with ConocoPhillips," 3 July 2018 Millions of dollars in additional federal money may soon flow to the Port of Corpus Christi's project to widen and deepen its ship channel to allow tankers to leave the port with larger loads of crude from Texas oil fields. — Rye Druzin, Houston Chronicle, "Project to boost Texas oil exports to get more money," 11 June 2018 The domestic buildup, as logistical bottlenecks limited the capacity to move crude from western Texas oil fields to coastal markets, helped push the difference between global and U.S. prices to the widest point in more than three years last week. — Christopher Alessi, WSJ, "Oil Approaches Eight-Week Low on Mounting Surplus," 4 June 2018 The charges related to Uresti’s involvement in FourWinds Logistics, a now-defunct oil field services company that defrauded investors. — Patrick Danner, San Antonio Express-News, "Judge refuses to appoint Uresti’s lawyer of choice for appeal," 12 July 2018 Converted from a former oil field camp, the Dilley center was created by U.S. Immigration and Customs Enforcement to deal with the surge of families that crossed into South Texas starting in 2013. — Melissa Fletcher Stoeltje, Houston Chronicle, "Some immigrant families have long been allowed to stay together," 20 June 2018 Boys riding dirtbikes in that same oil field two years later came across a body propped under a tree near the spot where Fye was found, and also came across the skeleton of Laura Miller. — Travis Fedschun, Fox News, "Texas man may have solved daughter's 1984 murder," 13 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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16 Sep 2018

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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