Yes, I've heard of it. Removal of a lung (pneumonectomy) is possible and usually, but not always, done for cancer. Obviously it depends on there being reasonable certainty that the cancer hasn't spread beyond the lung, on the state of the heart, and how good function is in the opposite lung. It would take at least 2 months to recover from such an operation, with risks of pneumonia or embolism (clot) in the remaining lung, a heart attack, and kidney failure. It's certainly possible to survive with one lung, and indeed both lungs can be removed with replacement transplantation for chronic lung diseases.