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

Posted on 8/15/14 at 10:08 am to
Posted by GaryMyMan
Shreveport
Member since May 2007
13498 posts
Posted on 8/15/14 at 10:08 am to
quote:

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


VERY important edit.

Oil companies drill dry holes and lose their asses all the time and they have teams of experts working on them. The percentage of wells that make you rich is very, very small.
This post was edited on 8/15/14 at 10:11 am
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