"Oil basins" refers to underground areas or regions that contain significant amounts of oil. It describes geological formations that are rich in oil and are usually targeted for exploration and extraction by the oil industry. Full definition
The final issue is just how much oil is left in the Permian and other shale oil basins that can be produced at wherever oil prices go. (resilience.org)
Fortescue Metals Group's decision to not become involved in gas exploration in the Canning Basin via listed company Oil Basins has enabled Melbourne - based explorer Octanex to get a foot in the door. (businessnews.com.au)
The late - 19th - century hand - drawn map below illustrates Pennsylvania's Venango County oil basin, and shows locations of wells throughout three counties in the northwestern part of the state. (collections.leventhalmap.org)