How To Buy Producing Oil Wells -

Individual wells or small "packages" of wells are rarely found on standard real estate sites. Instead, look at specialized industry marketplaces:

You own a piece of the actual business. You get a larger share of the revenue and massive tax write-offs (often 100% of intangible drilling costs), but you are also responsible for monthly operating bills and equipment repairs. how to buy producing oil wells

You act as a "landlord." You receive a smaller percentage of production revenue without paying any monthly expenses, but you lose the major tax benefits and active control. 2. Locate Opportunities Individual wells or small "packages" of wells are