By seizing the Al-Omar oil field, IS now controls most oil and gas fields in the oil-rich Syrian province of Deir Ezzor, most of whose countryside is also under its control.
"IS took control of the Al-Omar oil field," located north of the strategic town of Mayadeen, also under its control since dawn today, said the Observatory.
The capture "comes after (Al-Qaeda affiliate) Al-Nusra Front withdrew from the oil field without a fight", the Britain-based monitor added.
In November 2013, Al-Nusra Front and its anti-regime allies took over the field and kept it running, "selling 10,000 barrels a day," according to the Observatory.
IS supporters posted amateur video on YouTube, showing a bearded man wearing black Afghan clothes and a black scarf on his head, identified by the cameraman as Commander Hommam.
"We took it (the oil field) over without any fighting. They fled like rats," the commander says.
The footage also shows two signs posted on the road. One reads "the Euphrates Oil Company -- Al-Omar Oil Field."
Some rebels initially welcomed IS, then known as the Islamic State of Iraq and the Levant (ISIL), among their ranks as they battled Assad's forces in their bid to topple his regime.
In January, rebels and Al-Nusra Front fighters began turning their guns on IS fighters, whose brutal abuses and quest for hegemony earned them the opposition's wrath.
IS has vastly bolstered its resources through an offensive it launched in Iraq on June 9, capturing a swathe of territory in northern and western provinces as it sweeps towards Baghdad.
It has brought many of the heavy weapons it seized from Iraq's fleeing troops across the border and is now deploying them in Syria, giving it vastly improved firepower.
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