Chapter 207: Old oil well
Chris Barton, John Bruno and James Lynn will be Yang Jing’s closest partners during this period 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 auxiliary work of Yang Jing in the United States.
Yang Jing has money in his pocket, but he doesn’t know anything about the United States. He has never been to the United States before. Although he learned about the United States by looking at the information before coming, he still has to rely on a local snake to help him. work.
Lin Dan, an agitated young man, obviously fits Yang Jing’s appetite. He is smart enough and knows enough about the United States. With him, Yang Jing can do some work with confidence.
Lin Dan first accompanied Yang Jing to a Citibank not far from the branch to apply for a bank card, and then took Yang Jing and two other bodyguards to Chinatown, where they had a very hearty and authentic meal. Cantonese cuisine, and then moved into a well-opened hotel with Yang Jing.
“Brother Yang, where are we going tomorrow? You’d better tell me in advance. I’ll be ready tonight.”
“Well, brother, I want to ask if there is an old oil well auction in San Francisco?”
“Old oil well auction?” James Lin asked strangely, “Although California has abundant oil resources, there are also many oil wells that are also old, but there is no old oil well auction here in San Francisco.”
After a pause, James Lin said: “The onshore oil fields 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. It is the main area rich in oil. However, in these states, like Texas is the first state to develop oil fields, so there are particularly many old oil fields and old oil wells. Most of the oil fields here have been developed. For a hundred years, there is basically no potential to tap. Therefore, most old oil well auctions are in Houston, Dallas, Austin and other cities in Texas. Of course, there are many old oil well auctions in New Orleans, Memphis, and Kansas every year. As for the California side, most of the old oil well auctions are in Los Angeles and San Diego.”
Yang Jing nodded when he heard the words, thought about it, and said: “Xiao Lin, then you will be affected tonight and check to see where and when the latest old oil well auction was held.”
“Brother Yang, are you buying an old oil well?” Lin Dan asked.
“Well, I am 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 have many old friends in the petroleum industry. Don’t worry, you can find out soon.”
When Lin Dan walked out of the room, Yang Jing threw himself into the sofa and lowered his head to consider the plan for the past few days.
Yang Jing’s desire to buy old oil wells is not without a target, because when he was in China, he had tried to absorb some natural things to increase the natural treasure gas reserves in the holy ring, but in addition to precious gems such as jade and emeralds, The effects of other things are not very obvious, including crude oil.
There is a petrochemical plant in Tianqu City. Several of Yang Jing’s old uncle Li Long’s classmates work in this plant, so Yang Jing has the opportunity to get in touch with the raw material in this petrochemical plant—oil.
As a mineral that has been brewed by Mother Earth for tens of millions of years 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 gas in the oil.
What excites Yang Jing is that this oil really contains natural treasures, but it is also disappointing that the natural treasures contained in oil are too little.
Yang Jing entrusted his uncle’s classmates to buy ten liters of crude oil from the petrochemical plant. As a result, the natural gas contained in the ten liters of crude oil was very poor. The natural gas contained in the ten liters of crude oil was even It is impossible to increase the natural treasure 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 stronger than crude oil.
According to the natural items Yang Jing tried, in addition to gems such as jade and jade, 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 Yang Jing believes should contain a lot of natural treasures.
In terms of value, diamonds are much more precious than jade and Hetian jade. But, for such a precious diamond, the natural treasures contained in the same volume are not as much as copper, but only a little more than crude oil.
This discovery also made Yang Jing fully understand why many people say that diamonds are all fired, and their value is not even as valuable as a block 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 can they build a house? Apart from being hard, this thing is useless except to refract light!
Moreover, diamonds are simple crystals composed of carbon elements. There are so many things in the earth’s interior, and their essence is no different from graphite. However, under the hype of some interested people, diamonds have become the most precious gems on the planet.
So Yang Jing completely died of diamonds. Of course, even if he didn’t give up, whether it was diamonds or diamond mines, he could not get involved now.
However, it is precisely because of diamonds that reminds Yang Jing of a mineral that has been neglected before, and that is oil.
Petroleum is similar to the natural treasures contained in coal and base metals, and they are very rare. But what if the amount of oil is large?
As the saying goes, gathering sand into towers, gathering water into seas, gathering trees into forests, these idioms researched by the Chinese ancestors are not in vain, they all contain the highest truth.
Yes, there is very little natural gas contained in oil, but what if the amount of oil is sufficient? Ten liters won’t work, so let’s pay him one hundred thousand barrels, if one hundred thousand barrels is not enough, let’s make him one million barrels or even ten million barrels!
As long as the amount of oil is sufficient, there is no need to worry about natural treasures at all!
Similarly, if there is more coal and more base metals, it can also gather enough natural treasures.
And if you want to make up so many minerals, at least you have to own one or more mines, otherwise the goal of absorbing enough natural treasures will simply not be achieved.
However, no matter whether it is coal or base metal mines, they are not currently able to obtain, let alone more precious precious metal mines or diamond mines.
And the only mine that may be brought in is the oil well! To be precise, it should be the old oil wells that have been unable to produce crude oil!
The thought that came up suddenly because of diamonds is one of Yang Jing’s main purposes for coming to the United States this time.
Oil field mining is not the same as other mineral mining. On this planet, other minerals are almost always mined as much as there is, and it is impossible to leave minerals. But oil extraction is different.
Petroleum was discovered by mankind a long time ago, but it has not been widely used for a long time.
However, with the advent of the internal combustion engine at the end of the nineteenth century, the importance of oil immediately became apparent. Up to now, oil has become the second largest natural energy source on the planet after coal.
The oil reserves on the earth are still considerable, but because of its physical characteristics, it is destined that the exploitation of oil cannot be the same as the exploitation of other minerals. For the mining of other minerals, the mine boss can’t wait to dig up the ground and dig up all the minerals, but the oil is not. Every oil boss wants 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 a hundred years, but no matter how much human science and technology develop, they are still a little helpless in oil exploitation.
Because the petroleum resources contained in an oil field can be exploited at most 35, this number is still large, and the exploitable quantity of most oil fields is only about 30 of a mere trivial amount.
In other words, an oil field with reserves of up to 10 billion barrels, at most only 3.5 billion barrels of crude oil can be extracted, and the remaining 6.5 billion barrels of crude oil can only continue to sleep under the dark rock formations. , At least in recent decades or even hundreds of years, humans have not been able to extract heavy oil that is too viscous.
As a result, this old oil well with a large amount of heavy oil has become a chicken rib in the eyes of those big oil companies-it is tasteless, and it is a pity to discard it.
The development of an onshore oil well usually costs about one hundred to two million U.S. dollars. Such an oil well that has invested more than one million U.S. dollars has reached the final stage of heavy oil, and there is very little oil that can be extracted. If you continue to explore, you will have to bear huge manpower, electricity, and maintenance costs. For those big oil companies, it is very inappropriate to extract crude oil from such old oil wells.
But it is obviously not appropriate to just give up an oil well that has invested millions of dollars in this way, so over time, a new business was born, that is, the auction of old oil wells. That is, the old oil wells that originally belonged to major oil companies were auctioned to individuals for operation and exploitation.
These old oil wells are tasteless to large companies, but they are still attractive to some private owners. The cost of privately exploiting such old oil wells is low. As long as a certain amount of crude oil can be extracted, it is still profitable. Graph.
Especially if you are lucky enough to discover new oil and gas formations from the old oil wells photographed, then it means you have made a fortune.
It’s not that this kind of thing has never happened. In the United States, where old oil well auctions are most prosperous, a miraculous thing has happened.
That was at an old oil well auction entering the new century. A Californian named “Scott Lee” bought a small piece of Mississippi at an auction for a total of 34,000 US dollars. Fourteen old oil wells in the suspended oil field. This 229-acre old oil field was discovered in 1952 and ceased production in 1974 after more than 20 years of exploration, producing a total of 4.09 million barrels of oil.
The fourteen old oil wells in this oil field eventually stopped production due to high water production. After taking the pictures of these fourteen old oil wells, Scott Lee immediately invested millions of dollars in re-surveying these old oil wells. It took more than half a year to discover that there are still seven layers of oil and gas in this old oilfield that have not been exploited!
Although these seven oil and gas layers are very thin, it is estimated that the unrecovered oil and gas layers have geological reserves of more than 24 million barrels, and the recoverable reserves can reach 7.2 million barrels, which is more than the total output of the oil field in 22 years of 4.09 million barrels. More than 3 million barrels!
According to the analysis of very experienced operators in the United States, Scott Lee’s rate of return on this small oil field is as high as 7,336 times. When Scott Lee re-developed this old oil field, he made an average of $7,336 for every $1 invested! The payback period of the entire investment is only 9-11 months. As for the cost of crude oil per barrel, it is a mere US$3.
This is an example of getting rich overnight, and now Scott Lee is a veritable billionaire!
There are now more than three million old oil wells in the United States, and there are plenty of business opportunities in these old oil wells that are almost shut down or simply shut down.
These business opportunities make countless people who want to become the second Scott Lee to participate in the bidding of old oil wells every day, but for Yang Jing, he has no interest in oil extraction at all. He just wants to buy a few old oil wells and secretly. It absorbs all the natural gas contained in the heavy oil that is as much as 65 or even 70 remaining in the old oil well!
Ten liters of crude oil contains very little natural gas, but what if it is too much?
A barrel of crude oil is almost equal to about 159 liters. How much heavy oil is contained in 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 oneself, can’t let the holy ring absorb enough?
If an old oil well doesn’t work, 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 www.readwn.com Some old oil wells with good conditions can even be sold at a high price of millions of dollars, but the auction price of more old oil wells is very low.
The auction prices of many closed old oil wells are 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 other people are not interested in this kind of old oil well, this does not mean that Yang Jing is not interested. Others cannot extract 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.
Taking pictures of a few old oil wells is precisely one of Yang Jing’s main purposes for coming to the United States this time.
Early the next morning, Lin Dan sent a report to Yang Jing, which Lin Dan found out overnight last night.
The nearest old oil well auction will be the day after tomorrow, in Austin, the capital of Texas.
ps: Bow and thank you for the reward of 1000 for “Get up and down for half a night” and 500 for reward of “Ziyan Tianjiao”.