Oil production is now declining from its peak of in 1997.

Although in 1899 Standard Oil controlled more than 85 % of the oil production in the older oil regions in the Appalachian Basin and the Lima-Indiana trend, it never controlled more than 10 % of the oil production in the new Gulf Coast province.

Oil production in the Los Angeles Basin started with the discovery of the Brea-Olinda Oil Field in 1880, and continued with the development of the Los Angeles City Oil Field in 1893, the Beverly Hills Oil Field in 1900, the Salt Lake Oil Field in 1902, and many others.

The discovery of the Long Beach Oil Field in 1921, which proved to be the world's richest in production per-acre of the time, increased the importance of the Los Angeles Basin as a worldwide oil producer.

An oil exploration consortium consisting of the Venezuelan state oil company, Venezuelan Petroleum, Inc. ( Petróleos de Venezuela, S. A .-- PDVSA ), Cambria Oil, and Texaco expressed interest in the construction of a refinery at Puerto Castilla in 1993, with production aimed at the local market.

Oil production started from the Argyll field ( now Ardmore ) in June 1975, followed by Forties in November of that year.

Hanover was an important road junction, railhead and production centre that was a target for strategic bombing during World War II, including the Oil Campaign.

Oil production in the mid-1860s brought the high-water mark of the Society's prosperity.

Oil production had reached a level of 560, 000 m³ ( 3. 5 million barrels ) per day, and oil revenues were 21 billion in 1979 and 27 G $ in 1980.

Gulf Oil and Texaco, now part of Chevron Corporation, were formed to develop production at Spindletop.

On November 14, 1925, the Yount-Lee Oil Company brought in its McFaddin No. 2 at a depth of about, sparking a second boom, which culminated in the field's peak production year of 1927, during which 21 millions barrels ( 3. 3 GL ) were produced.

* Oil production: 0 barrels / day ( 2001 estimate )

Oil production rose rapidly to in 2004, but output is believed to have peaked and is expected to decline gradually.

Oil production figures from International Energy Agency | IEA in millions of barrels per day

A 2004 report by the United States Department of Energy stated that both the Shell technology and technology used in the Stuart Oil Shale Project could be competitive at prices above $ 25 per barrel, and that the Viru Keemia Grupp expected full-scale production to be economical at prices above $ 18 per barrel ($ 130 / m < sup > 3 </ sup >).

* " This Oven Makes Oil Out Of Rocks ", February 1949, Popular Science primer article with illustrations on basic of the oil shale production process

Years of production left in the ground with the most optimistic proved reserve estimates ( Oil & Gas Journal, World Oil )

* Oil or gas well completion, the process of making a well ready for production.

Some estimate the spill to be 428 million gallons, making it the largest unintentional oil spill until it was surpassed by the Deepwater Horizon Oil Spill in 2010.

Angola's War Economy: The Role of Oil and Diamonds.

A Crude Awakening, The Role of Oil and Banking Industries in Angola's Civil War and the Plundering of State Assets.

" Angola's Political Economy of War: The Role of Oil and Diamonds ".

Greenland is believed by some geologists to have some of the world ’ s largest remaining oil resources: in 2001, the U. S. Geological Survey found that the waters off north-eastern Greenland ( north and south of the arctic circle ) could contain up to of oil and, in 2010, the British petrochemical company Cairns Oil reported " the first firm indications " of commercially viable oil deposits.

The Prudhoe Bay Oil Field, the largest oil field in the United States in terms of total oil produced, was discovered in 1968.

He fined Standard Oil the maximum penalty, $ 29, 240, 000, the largest fine imposed on a corporation to that point.

* 1985 – Pennzoil wins a US $ 10. 53 billion judgment against Texaco, in the largest civil verdict in the history of the United States, stemming from Texaco executing a contract to buy Getty Oil after Pennzoil had entered into an unsigned, yet still binding, buyout contract with Getty.

Safaniya Oil Field, the world's largest offshore oilfield, is located in the Persian Gulf.

Oil export earnings allowed Russia to increase its foreign reserves from $ 12 billion in 1999 to $ 597. 3 billion on 1 August 2008, the third largest foreign exchange reserves in the world.

The largest investment is in a petroleum storage and transshipment terminal built by Hess Oil.

Saudi Arabian Oil Company ( Saudi Aramco ) technicians have determined that very deep aquifers lie in many areas of northern and eastern Arabia and that the Wasia, the largest aquifer in Saudi Arabia, contains more water than the Persian Gulf.

Oil and gas was first landed at Sullom Voe in 1978, and it has subsequently become one of the largest terminals in Europe.

* Ölberg, literally “ Oil mountain ”, Germany ’ s largest original working class district, is protected as a historic monument.

Oil, natural gas, petroleum products and related industries are the largest sector of the local economy.

* 1985 – On November 19, Pennzoil ( represented by famous Houston litigator Joe Jamail ) won a US $ 10. 53 billion verdict against Texaco in the largest civil verdict in US history ( Texaco established a signed contract to buy Getty Oil after Pennzoil entered into an unsigned, yet still binding, buyout contract with Gordon Getty ).

* 2002 – Shell Oil Company begins converting its Texaco stations to the Shell brand, a process expected to be complete by June 2004, " the largest retail re-branding initiative in American business history.

By 1952, Standard Oil of Indiana was ranked as the largest domestic oil company.

In addition, the company also acquired a division of Tenneco Oil Company and Dome Petroleum Limited, becoming one of the world's largest oil companies.

Oil production increased from at the beginning of his administration to at the end of his administration and Mexico became the fourth largest oil producer in the world.

Pecos County is home to one of the largest oil fields in the United States, the Yates Oil Field, which is in the extreme eastern part of the county, along the Pecos River.

Mining operations developed by Dolch at Dolchburg and by the Olmos Coal, Coke, and Oil Company at Olmos were the largest coal producers in Texas around the turn of the 19th to 20th century.

At one time Sulligent Cotton Oil Company was known as the largest cotton gin under one roof.

The Carrizo Plain is located to the northwest, and the enormous Midway-Sunset Oil Field, the third largest oil field in the United States, is adjacent on the north and east.

After the fields were stripped of their fertility, however, the city found itself positioned next to one of the largest oil fields ever produced in Oklahoma, the Healdton Oil Field.

At the height of its operations, Cabot was second only to Gulf Oil as the largest private employer in Ward County.

During its heyday IG Farben was the largest chemical company in the world and the fourth largest overall industrial concern, after General Motors, U. S. Steel and Standard Oil ( New Jersey ).