Easy Tycoon

Chapter 208 Beaumont's Old Oil Well

In the United States, there are two places where the semiconductor and computer industries are most concentrated. One is the famous Silicon Valley in California, and the other is Austin, the capital of Texas, nicknamed "Silicon Hill" in Texas.

The capital of many states in the United States is not the largest city in the state. For example, the capital of New York State is not New York, the largest city in the state, but Albany; the capital of California is not Los Angeles, but Sacramento.Similarly, although Austin is the capital of Texas, the largest city in Texas is Houston.

Before the rise of the oil economy in Texas, Austin was once the most important economic center in Texas, relying on the Central Railway. Sizhou landed a lot.

But anyway, as the capital of Texas, Austin still holds many large auctions of old oil wells every year.

It seems that the old oil well auction that Yang Jing participated in is the last old oil well auction held in Austin in 2017, and it is also the largest old oil well auction this year.

According to the information obtained by Lin Dan, as many as 1375 old oil wells will be auctioned in the old oil well auction held today. The largest group is composed of [-] oil wells. This group of old oil wells is located in Kansas. It is seventeen old oil wells in a small oil field that has been shut down.

Of course, there are also single old oil wells auctioned at the auction. Most of these old oil wells belong to the kind of old oil wells that have been closed for a long time and have gone through several or even dozens of auctions.

This kind of old oil well is almost untouched, so the price is surprisingly cheap.

Just like an old oil well near Beaumont, Texas, this oil well used to have a daily output of 30 tons, and it belonged to an old oil well in the most famous "Spindle Top" oil field at that time.However, this old oil well, which once created glory in the past, was closed as early as the end of the [-]s after more than ten years of unrestrained exploitation.

This old oil well has also participated in dozens of auctions, but all of them failed to sell, so that many people have seen this old oil well at auctions more than once.

After dozens of failed auctions, the price of this old oil well was reduced to an unbelievable price - 3.2 US dollars!

That's right, the reserve price of this old oil well, which has been closed for more than 70 years, is only a mere $3.2!

But even so, this oil well is no one cares about.

After all, the history of this old oil well is too long. Even if it is photographed, it will take a lot of money to restore the operation of this old oil well.

This old oil well is like an octogenarian. Although there is still breath, in the eyes of those speculators who put their interests first, this old oil well is hopeless.

But such an old oil well is an out-and-out treasure in Yang Jing's eyes.

At any rate, this old oil well was a [-]-ton well, and oil wells capable of producing [-] tons of crude oil a day are rare even today.This is enough to prove that the oil field below this oil well contained a large amount of oil.Although only heavy oil is left to be mined now, there is definitely a lot of heavy oil.

So Yang Jing immediately signaled Lin Dan to take a picture of the oil well.

Because Yang Jing is on a business visa, he cannot work in the United States, so if he wants to take pictures of this old oil well, he must take pictures in the name of Lin Dan.

In fact, Yang Jing's B1 visa is not allowed to travel in the United States, but Yang Jing came to Texas this time with Lin Dan, so it can be called a business investigation.But if you want to invest in the purchase of old oil wells in the name of Yang Jing, it will not work.

This old oil well that has been neglected for many years was easily photographed by Lin Dan. Because it was paid by Yang Jing, although this old oil well belonged to Lin Dan in name, the Holy Ring recognized this old oil well. The oil well belongs to Yang Jing.

Because it was experimental, Yang Jing did not buy any more old oil wells at this auction.

After the auction ended, Yang Jing and his party took a rented vehicle and drove straight to Beaumont, [-] kilometers away.

Beaumont is a small city in Texas, but the city's reputation is not small.At the end of the 6.4th century and the beginning of the [-]th century, the most famous oil field in Texas and even the world was the "big mountain" located about [-] kilometers south of downtown Beaumont.

In fact, this "big mountain" is just a small highland 4.57 meters higher than the surrounding plains, with a diameter of about 1.6 kilometers, but on this "big mountain", the world's first oil well with a daily output of [-] tons of crude oil was drilled!The famous "Spindle Top" oil field is another name for this "big mountain".

Beaumont's "Big Mountain" is a place that truly works wonders!

Gulf Petroleum and Texus Petroleum among the famous "Seven Sisters of Petroleum" all started to develop from here.

After the [-]-ton oil well was discovered here, it immediately broke the Rockefeller family's Standard Oil monopoly on American oil, and immediately attracted many investors, adventurers, and oil surveyors to gather here.Among them, the Mellon Consortium, one of the eight largest consortia in the United States at that time, also set its sights on this place.

At that time, the famous William Mellon found Griffin and Gary, who owned three high-yield wells, and invested 150 million US dollars to jointly establish Griffin Petroleum. William Mellon took half of the shares. One year later, Griffin Petroleum changed its name It is Gulf Oil, which is also Gulf Oil, one of the seven oil sisters who will become famous in the future.

At that time, Cullinan, one of the discoverers and developers of the Koshikanna Oilfield, moved here after the Spindletop Oilfield sprayed oil, raised a sum of money from the eastern region, and bought a part of the new oilfield. Oil wells were produced in batches, and an oil refinery was established in Port Arthur, and the Texas Oil Company was established. The oil company has been smooth sailing since then, and has also become Texaco, one of the "Seven Sisters of Oil".

From this we can see how important this small "big mountain" is in the global oil industry!
But now, this small town no longer sees the "kowtow bug" pumping units that stood everywhere in the past. After the exploitable oil under the city was exhausted, the small town regained its former calm.

Less than one kilometer away from the famous Spindle Top oil field, Yang Jing saw the old oil well that he had photographed.

This old oil well has been closed for more than 70 years, and during this close-in period of nearly 80 years, only one person has ever shown interest in this old oil well in the 70s, but this attempt to make this old oil well Investors who have regained their previous style invested more than [-] US dollars in survey after opening the long-suspended oil well, but in the end they completely re-sealed the old oil well.

Now, this old oil well has once again ushered in its third owner
The well is located on a private farm not far from the Beaumont Oil Museum.

In the United States, private property is sacred and inviolable. As long as it is everything on private land, the owner of the land has legal ownership.

But with the enactment of the Mineral Lease Act in the United States in 1920, this regulation changed accordingly.Because this law, which has been promulgated for almost 100 years, stipulates that minerals such as oil, natural gas, and coal discovered on private land are no longer owned by the landowner, but by the mine developer. Minerals are no longer involved with the landowners.

So even though the old oil well was in a private farm, after Lin Dan showed the procedures related to the old oil well, the farm owner had to pinch his nose and let Yang Jing and the others go in.

The old oil well is located in the center of the farm. With the oil well as the center, the surrounding land of about [-] square meters and related auxiliary facilities belong to the owner of the oil well.

The family’s farm is densely planted with cash crops, but because of the existence of this old oil well, the land of about one and a half acres has become bare, as if a blank space suddenly appeared in the middle of a good oil painting.

No wonder the farmer was unhappy. Ask yourself, if you were a farmer yourself, you would definitely not like having such a small piece of land on your farm that doesn't belong to you.

It's as if there is a leased land belonging to foreigners in one's own country. I feel awkward, but I can't move it.

According to the relevant agreement, the farmer shall not obstruct the oil well owner's various work in the oil well. This is an agreement signed when the farm is sold and is protected by law.

Therefore, after the farmer led Yang Jing and the others to the oil well, he left in his pickup truck resentfully.

Although the oil well has been closed for more than 70 years, and it was opened by the previous owner in the 70s, all the facilities of the oil well have been preserved. At least the power facilities that should be there are still there. Close the gate at the other end, so there can be electricity here.

After inspecting the related facilities, Yang Jing also had to feel that this old and beautiful thing is economical. These facilities have experienced at least 40 years of ups and downs, even if they have become rusty, they can be tidied up a little It still works.

However, because this old oil well has been closed for a long time, the pumping unit has long since disappeared.

"Brother Yang, this oil well has no value to be exploited anymore. Even if we take over and want to exploit it again, at least we need to get another pumping unit. But I think that even if this well can be exploited Crude oil is produced, I am afraid that the extracted crude oil is not worth the value of a pumping unit."

What Lin Dan said was correct. If the well could produce tens of thousands of barrels of crude oil, the previous owner would not have taken away all the pumping units.Apparently, the previous owner completely shut down the oil well because he felt that the old oil well was worthless, even the most important pumping unit was taken away and sold for money.
In fact, although this well has been closed, in fact this old oil well is already an out-and-out abandoned well.Otherwise, there wouldn't be such a low auction price.

But it doesn't matter, Yang Jing didn't really want to re-exploit this oil well when he bought it, even if you asked him to extract oil, he wouldn't understand.

Yang Jing waved his hand, looked at the oil well that had been completely shut down, and then asked Lin Dan: "Xiao Lin, how much money will it cost to reopen this oil well? Is it troublesome?"

Lin Dan shook his head and said, "I don't know much about this, but we can consult. Brother Yang, wait a moment, I'll call and ask."

After speaking, Lin Dan took out his mobile phone and began to make calls. After more than ten minutes, Lin Dan said with a smile: "Brother Yang, a professional person will come to take a look."

Yang Jing nodded, looked up at the warm sun, then looked at the large farm, and said with a smile: "The big farms in the United States are like cows, and we rarely see such big farms in China." ah."

Lin Dan curled his lips and said, "Brother Yang, this farm is nothing. If you go to the northwestern part of Texas, the farms there are big. Brother Yang, have you heard of Wagner Ranch?"

Yang Jing shook his head, and Lin Dan said excitedly: "This Wagner ranch is known as the largest farm and ranch in the United States, with an area of ​​more than [-] square kilometers, which is larger than the sum of the two Hong Kong islands. The farm we see now Compared to Wagner Farm, it's like the difference between an ant and an elephant."

When Yang Jing heard this, he couldn't help but click his tongue. "Damn, more than 2000 square kilometers of farms and pastures? So big?"

"Well, it's really that big. Wagner Farm has 51 acres of land, which is 2064 square kilometers in metric units, and in that super farm, there are 1200 oil wells of this kind alone! The most amazing In contrast, these 1200 oil wells only occupy about one-tenth of the land in Wagner Farm, and nearly 90% of the land in Wagner Farm has not been surveyed and developed for oil and gas resources.”

"Damn, it's so hanging? If you buy that farm, if you find new oil and gas fields in it, won't it be released?"

"Well, that's how it is! However, even if the Wagner Ranch is sold, it is not allowed to continue to explore and exploit oil and gas in it. It is said that it is to ensure the consistent tradition of the Wagner Farm."

"Tsk tsk, with such a good resource, it is not allowed to be developed. This is simply reckless. By the way, is that Wagner farm really going to sell it?"

"Well, in fact, the Wagner Farm was ready to be sold last year, but the sale price was as high as 7.25 million US dollars." Chris Barton on the side also interjected, "A few years ago, I visited that farm. It's really good, but the price is too high, and it's not affordable for us ordinary people. But those rich people are unwilling to invest money in this kind of traditional farming and animal husbandry, so the super farming and animal husbandry It has not been sold yet.”

As soon as Yang Jing heard this number, he felt a little pain in his teeth.Damn, 7.25 million US dollars, that's almost 45 billion national currency!

have to!Whoever we love, anyway, we can't afford it now!I really can't afford it!Hear a joke.
(End of this chapter)