Nah, they don't have any oil. I don't believe anyone has ever discovered provable reserves there. Firth West and East, but there is no oil and gas next to the ocean there.
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Gaza Marine is estimated to hold over 1 trillion cubic feet of natural gas, much more than is needed to power the Palestinian territories and some of which could potentially be exported.
2 things. First, provable gas I said.
2nd, the use produced 37 trillion feet of gas last year alone. That's only 2.5 % of the annual us supply total.
That's like $3 billion at today's value, total.
Not even worth the hassle of anything, nevermind displacing people for.