oil patch Hear it!

oil patch Definition

☆ oil patch

noun

  1. an area or region where much petroleum is produced
  2. the petroleum industry

oil patch Finance Definition
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.