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

That's what I had in mind. Figured that would be the easiest way to do it.

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Out of curiosity, how do you monetize the oil? Do you contract with a company to buy it from you and they pick it up every so often?

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There are purchaser/gatherers that pick up the oil for a fee. Sunoco and shell are common gulf coast onshore purchasers. It's not a big deal to sell your production.

Another thing I failed to mention above is the accounting side. You have to be able to account for your rev then distribute to your lessors, other royalty and overriding royalty owners every month for the trailing 90 days at minimum.