Purchasing property with an oil well on it

[Ram Konara]

We are looking at 113 acres of land and It has a non performing abandoned oil well at the front of the property. Front piece of the land has a major Road and around 5 to 10 acres is the well. is it advisable to buy that land. What are the disadvantages for having a oil well on the property and if we need to develop into commercial or residential use in the future what issues we will face