re: Anyone ever buy an oil field or buy interest in an oil field?

I know a few people who have leased old fields and re-worked the wells. One guy bought a new 40 ft boat a few months after they worked over the field so I am guessing it worked out ok.

I also have some family who drilled their own well on a lease in west Texas back in the day. It was the lease next to a pretty high output well, but he had a dry hole and lost it all and cried all the way back to Dallas. He started over that next day and has ended up doing very well for himself.

Edit: all the individuals I know who have done this are geologist/drillers/petroleum engineers in their day jobs.