Thinking of northeastern Nevada, but oil wells are certainly not among them.But, yes, there are two major oil producing areas in Nevada. The Railroad Valley area contributing Nye County and the Pine Valley area in Eureka County. The Pine Valley oil fields area is about 4 miles west of the Elko - Eureka County line in Eureka County. Nevada Oil production surrounded by the golden sliver colored pine valley makes everyone breathe taking feeling to think for a while about the oil production though it’s hard to imagine.