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Dinks Finance
Dinks Finance
James Hendrickson

How to Buy an Oil Well—Crazy Idea or Smart Move?

how to buy an oil well
Image Source: Shutterstock

I was reading Loral Langemeier a few years back. She’s a big advocate of direct investing in business opportunities like self-storage, rental real estate, and oil wells.

The idea of buying an oil well intrigued me. So I started looking around online. Some small wells can be had for around $200,000 to $1,000,000. This type of business works based on how much oil/natural gas, etc., you can get out of the ground. The sizzle is that wells can be extremely profitable, especially when gas prices are high.

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