800k for a dilapidated shack

Yeah I know 12 acres... still it's 12 acres of dry dirt and grass that will catch fire.

"there might be oil in the area"

If there was oil the owners would have cashed in. Stop it.

https://www.zillow.com/homedetails/1057-S-Altus-Ln-Fredonia-AZ-86022/2053000671_zpid/