oil patch Hear it!

oil patch definition - finance
An informal term that applies to a region in the United States that produces a significant amount of U.S. oil. The oil patch states include Texas, Oklahoma, Kansas, and Louisiana. Although Alaska is a large oil producer, it is geographically outside of the oil patch.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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