Easy Tycoon

Chapter 207 Old Oil Well

Chris Barton, John Bruno and James Lin will be Yang Jing's closest partners during this period of time in the United States.

The two bodyguards, Chris and John, are responsible for the safety of Yang Jing and Lin Dan, while Lin Dan is responsible for all the auxiliary work of Yang Jing in the United States.

Yang Jing has money in his pocket, but he knows nothing about the United States, and he has never been to the United States before. Although he has learned a little about the United States through reading materials before coming here, he still has to rely on a local snake to assist him. work.

Lin Dan, an exciting young man, is obviously in line with Yang Jing's appetite. He is smart enough and knows enough about the United States. With him around, Yang Jing can confidently and boldly do some work.

Lin Dan first accompanied Yang Jing to apply for a bank card at a Citibank not far from the branch, and then brought Yang Jing and two other bodyguards to Chinatown, where they had a very sumptuous and authentic meal. Cantonese cuisine, and then moved into the opened hotel with Yang Jing.

"Brother Yang, where are we going tomorrow? You'd better tell me in advance, so I can prepare in the evening."

"Well, brother, I want to ask if there is an old oil well auction in San Francisco?"

"An auction of old oil wells?" James Lin asked strangely. "Although California also has rich oil resources and many oil wells are also old oil wells, there is no auction of old oil wells here in San Francisco."

After a pause, James Lin said: "The oil fields on land in the United States are mainly distributed in the central and southwestern United States, California and Alaska, such as Mississippi, Kansas, Texas, Louisiana, Arizona, New Mexico and other states, They are all major areas rich in oil. However, in these states, Texas is the first state to develop oil fields, so there are a lot of old oil fields and old oil wells here. Most of the oil fields here have been developed for more than It has been 100 years, so there is basically no potential to be tapped. Therefore, most of the old oil well auctions are held in Houston, Dallas, Austin and other cities in Texas. Of course, there are also many old oil well auctions every year in New Orleans, Memphis, and Kansas. As for California, most old oil well auctions are held in Los Angeles and San Diego."

Yang Jing nodded when he heard the words, thought for a while and said, "Xiao Lin, then you will be troubled to check tonight to see where and when the recent old oil well auction will be held."

"Brother Yang, are you going to buy an old oil well?" Lin Dan asked.

"Well, I'm a little interested in this area, so I want to try to enter this industry."

"Well, I will check tonight. Although Rongbao Mining mainly deals in metal minerals, we also have many old friends in the oil industry. Don't worry, we will find out soon."

When Lin Dan walked out of the room, Yang Jing threw himself into the sofa, thinking about his plans for the next few days with his head down.

Yang Jing's desire to buy old oil wells is not aimless, because when he was in China, he had tried to absorb some natural things to increase the natural precious gas reserves in the Holy Ring, but apart from precious gems such as jade and emerald, The effects of other things are not very obvious, including crude oil.

There is a petrochemical plant in Tianqu City, and several classmates of Yang Jing's uncle Li Long work in this plant, so Yang Jing has the opportunity to come into contact with the raw material of this petrochemical plant - oil.

As a mineral that has been brewed by the mother earth for tens of millions or even hundreds of millions of years, oil can be regarded as the essence of the earth, so Yang Jing wanted to try it to see if there is any natural treasure in the oil.

What excites Yang Jing is that the oil really contains natural precious gas, but what is also disappointing is that the natural precious gas contained in the oil is really too little.

Yang Jing entrusted my uncle's classmate to buy ten liters of crude oil from that petrochemical plant. As a result, the natural precious gas contained in the ten liters of crude oil was pitifully small, and the natural precious gas contained in the ten liters of crude oil was even It is impossible to increase the natural treasure gas pool by one ten-thousandth
Originally, Yang Jing gave up crude oil, but during that time, Yang Jing tried many things, and the results were not much better than crude oil.

According to the natural objects that Yang Jing tried, in addition to precious stones such as jade and emerald, precious metals such as gold and platinum also contain a lot of natural treasures, but other things contain much less natural treasures. Including the diamonds that Yang Jing thought should contain a lot of natural treasures.

In terms of value, diamonds are much more valuable than emeralds, Hetian jade, etc., but such precious diamonds contain less natural gas than metals such as copper, and only a little more than crude oil. .
This discovery also made Yang Jing fully understand why many people said that diamonds are all fried, and their value is not even as valuable as a piece of coal of the same size.

Coal can be ignited to keep you warm when you are cold, but what is the use of diamonds?Do you think diamonds can be burned or built houses?Apart from being hard, this thing has no use other than being able to refract light!

Moreover, diamonds are simple crystals composed of carbon elements. There are many such things in the interior of the earth, and their essence is no different from graphite.But under the hype of some caring people, diamonds have become the most precious gems on the planet.
So Yang Jing completely gave up on diamonds.Of course, even if he doesn't give up, neither diamonds nor diamond mines are within his reach now.

However, it was precisely because of the diamond that Yang Jing remembered a mineral that had been neglected before, that is oil.

Petroleum is similar to the natural treasures contained in coal and base metals, and they are all very rare.But what if there is a lot of oil?

As the saying goes, gather sand to form a tower, collect water to form a sea, and gather trees to form a forest. These idioms researched by the Chinese ancestors are not for nothing, and they all contain the highest truth.

Yes, the natural gas contained in oil is very little, but what if the amount of oil is enough?If 100 liters is not enough, let's use 1000 barrels. If [-] barrels is not enough, let's use [-] million barrels or even [-] million barrels!
As long as there is enough oil, there is no need to worry about natural gas!
Similarly, if there is more coal and more base metals, enough natural treasure gas can also be gathered.

And if you want to gather so many minerals, you must at least own one or more mines, otherwise you will not be able to absorb enough natural treasure gas at all.

But whether it is coal or base metal mines, they are not currently available to them, let alone more expensive precious metal mines or diamond mines.

And the only possible mine is the oil well!To be precise, it should be those old oil wells that can no longer produce crude oil!
The idea that suddenly arises because of the diamond is one of the main purposes of Yang Jing's visit to the United States this time.

Oil field mining is different from other mineral mining. On this planet, almost all other minerals are mined as much as there is, and it is impossible to leave minerals.But oil extraction is different.

Petroleum was discovered by humans a long time ago, but it has not been widely used for a long time.

However, with the emergence of the internal combustion engine at the end of the nineteenth century, the importance of petroleum was immediately highlighted. Until now, petroleum has become the second largest natural energy source on the planet after coal.

The oil reserves on the earth are still very considerable, but because of its physical characteristics, oil extraction is doomed not to be the same as other mineral extraction.For the exploitation of other minerals, mine owners wish they could dig three feet to dig out all the minerals, but the oil is not successful. Every oil owner wishes to extract all the oil in the oil field, but that is obviously impossible. At least at this stage, no one on this planet seems to be able to do this.

Human beings have been exploiting oil for more than 100 years, but even with the development of human science and technology, they are somewhat helpless in oil extraction.

Because the oil resources contained in an oil field can be extracted at most 35%, which is still a lot, and the recoverable amount of most oil fields is only about 30% of the area.

In other words, for an oil field with a reserve of 100 billion barrels, at most only 35 billion barrels of crude oil can be extracted, and the remaining 65 billion barrels of crude oil can only continue to sleep under the dark rock formations, at least in the near future. For decades or even hundreds of years, human beings have not been able to extract those heavy oils that are too viscous.

As a result, this kind of old oil wells with a lot of heavy oil left has become tasteless in the eyes of those big oil companies-tasteless to eat and a pity to discard.

The development of an onshore oil well usually costs around US$200 to US$[-] million. Such an oil well that has invested millions of dollars has reached the final stage of heavy oil, and there is very little oil that can be extracted.If you continue to mine, you will need to bear huge manpower, electricity, and maintenance costs. For those big oil companies, it is very inappropriate to exploit crude oil in such old oil wells.

But it is obviously not appropriate to abandon an oil well that has invested millions of dollars, so over time, a new business has emerged, that is, the auction of old oil wells.That is, those old oil wells that originally belonged to big oil companies are auctioned off to individuals to operate and exploit.

These old oil wells are useless to large companies, but they are still attractive to some private owners. The cost of private exploitation of such old oil wells is low. As long as a certain amount of crude oil can be extracted, it is still profitable. Figure's.

Especially if you are lucky enough to find new oil and gas formations from old oil wells photographed, then it means you are rich.

This kind of thing has not happened before. In the United States, where the auction of old oil wells is the most prosperous, a miraculous thing once happened.

It was at an auction of old oil wells in the new century. A Californian named "Scott Lee" bought an oil well in Mississippi for a total price of 229 US dollars at an auction. Fourteen old oil wells in the small out-of-production oil field. This 1952-acre old oil field was discovered in 20. After more than 1974 years of exploitation, it was shut down in 409, with a total oil production of [-] million barrels.

The [-] old oil wells in this oil field were eventually shut down due to high water production. After taking pictures of these [-] old oil wells, Scott Lee immediately invested millions of dollars in resurvey of these old oil wells. It took more than half a year to discover that there are still seven oil and gas layers in this old oil field that have not been exploited!
Although these seven layers of oil and gas layers are very thin, after calculation, the geological reserves of undeveloped oil and gas layers are as high as 2400 million barrels, and the recoverable reserves can reach 720 million barrels, which is more than the total output of the oil field in the past 22 years of 409 million barrels. More than 300 million barrels!
According to the analysis of a very experienced operator in the United States, Scott Lee's rate of return in this small oil field is as high as 73.36 times, that is to say, without counting the funds invested by Scott Lee in auctioning old oil wells Next, when Scott Lee redevelops this old oil field, he can make an average profit of 1 US dollars for every 73.36 US dollar invested!The payback period of the entire investment is only 9-11 months.As for the cost of a barrel of crude oil, it is only a mere $3.

This is an example of getting rich overnight, and now Scott Lee is already a veritable billionaire!

There are now more than 300 million old oil wells in the United States. There are a lot of business opportunities in these old oil wells that are close to shutting down or shutting down altogether.

These business opportunities attract countless people who want to be the second Scott Lee to participate in the auction of old oil wells every day, but for Yang Jing, he has no interest in oil exploration at all, he just wants to buy a few old oil wells, and then Secretly absorb all the natural precious gas contained in the remaining 65% or even 70% of the heavy oil in the old oil well!

The natural gas contained in ten liters of crude oil is indeed very little, but what if there is too much?
A barrel of crude oil is almost equal to 159 liters, but how much heavy oil is contained under an old oil well that has been shut down?I dare not say tens of millions of barrels, but there are definitely hundreds of thousands of barrels.If so much crude oil belongs to him, why shouldn't the holy ring absorb it enough?

If one old oil well is not enough, then we can just buy a few more old oil wells. Anyway, the auction price of old oil wells is not high.

There are many old oil wells in the United States, and some old oil wells in good condition can even be auctioned for a high price of millions of dollars, but more old oil wells are auctioned at very low prices.

The auction price of many old oil wells that have been closed is unbelievably low, and the auction price of an old oil well that has been closed is even less than one hundred dollars.Of course, almost no one cares about this kind of old oil well.

But others are not interested in this kind of old oil well, which does not mean that Yang Jing is not interested.Others can't exploit the remaining heavy oil in the old oil wells, but these heavy oils are a rare tonic for the Holy Ring
It is for this reason that Yang Jing decided to come to the United States.

It was one of the main purposes of Yang Jing's visit to the United States to photograph several old oil wells.

Early the next morning, Lin Dan sent Yang Jing a report, which Lin Dan found out overnight last night.

The nearest auction of old oil wells is the day after tomorrow in Austin, the capital of Texas
PS: Bow down and thank you for the 1000 tipping from "Starting Up for a Lifetime" and the 500 tipping from "Ziyan Tianjiao".

(End of this chapter)