This is the 2nd time I’m reading that oil regenerates.
(media.scored.co)
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I'm not sure regenerate is the word should be used - oil wells, that were thought to be depleted, refilled. The implication being the oil seeps or upwells into those wells (accessible to us) from deeper within the earth; like it's oozing out of the mantle, contrary to it coming from bio-matter that came from the surface and was compacted and liquefied. Also implying there is far more of it than we believe and perhaps it goes on being made through some as yet unknown physical process.
I read somewhere years ago in a magazine my grandpa had that said that the mantle is mainly composed of oil and igneous rock. as the core spins and generates magnetic energy, it slowly pushes the oil upwards as spaces are emptied (i.e. by drilling). There is more oil within the earth than any other substance besides carbon, iron, and nickel.