The oil and gas extracting division "Tarasovskneft" was formed in 1985. The first oil was produced in Tarasovsky field in 1986. The maximum extraction output here was in 1990 - 67 169 thousand tons.
In 1996 2 654 600 tons of oil were produced. The exploitation fund of oil wells was as follows:
"Tarasovskneft" division carries out the intensive construction works. The industrial infrastructure is created: three pumping stations, the Centre of oil and gas accumulation, built by the German specialists, the up-to-date complex for oil pumping and liquefied propane production. The gas pipeline connects the gas field with Gubkinsky refinery.