Fractal phenomena define scale invariant sets of objects that obey power-law size distributions. Thus, if oil deposits are fractal, the number of deposits of volume V, N(V), would, within a defined space, obey a relation N(V) = aV{sup {minus}D}, where the exponent D is known as the fractal dimension. Such a defined space might be the play, the basin, the province, or the world. The authors have examined a number of datasets for regions in mature states of exploration. In such regions one may expect that most of the larger deposits have been discovered so that the upper part of the distribution of discoveries approximately reflects the size distribution of original deposits. They find the size distributions of oil deposits to obey the fractal size distribution quite well, down to some field size where the distribution of discovered fields is truncated for economic reasons. This distribution appears to hold at all hierarchical levels they have studied to date: the distribution of pools in a small play - the Cardium Scour of Alberta; in a large play - the Frio Standplain of the Gulf Coast; fields in basins - the Permian basin and the western Gulf of Mexico; and fields in more » larger territorial units - fields in the lower 48 states and giant fields (globally). The misconception that oil are lognormally distributed appears to reflect an artifact of the economic truncation of the datasets. In contrast to a lognormal distribution, there is no mean field size for a fractal distribution. « less