Calculate, suffocate, annihilate. The fact that we now need computers to find oil says a lot about how much we've already used up, and the precarious position we find ourselves in as a result.
Computers have been used in the industry since at least the 1970s. These days, every major oil company has $XXX million in supercomputers cranking through seismic data in a number of extremely computationally intensive ways. Reservoir simulation is also computationally intensive, but can be done at the individual workstation level.