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

There are many state capitals in the United States that are not the largest city in this state. For example, the capital of New York is not New York, the largest city in this 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 Texas' oil economy, relying on the Central Railway, Austin was once the most important economic center in Texas, but with the discovery of a large amount of oil in Texas, Austin's economic status has dropped a lot in Texas.

But no matter what, Austin, as the capital of Texas, holds many large-scale old oil well auctions every year.

Just like the old oil well auction that Yang Jing attended was 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 found by Lin Dan, the old oil well auction held today will have as many as 1,375 old oil wells for auction. The most group consists of seventeen oil wells. This group of old oil wells is located in Kansas and is a seventeen old oil wells in a small oil field that has been closed.

Of course, there are also many stand-alone old oil wells auctioned at auctions. Most of these old oil wells are old oil wells that have been closed for a long time and have failed to be auctioned several times or even dozens of auctions.

This kind of old oil well is almost ignored, so the price is amazingly cheap.

It is like an old oil well located near Beaumont, Texas. This oil well was once a 10,000 tons well with a daily output of 10,000 tons. It is an old oil well in the most famous "spindle top" oil field of that year. However, this old oil well that once created glory back then was blocked as early as the late 1930s after more than ten years of uncontrollable mining.

This old oil well has also participated in dozens of auctions, but without exception, it has failed to sell. So many people have seen this old oil well at auction more than once.

After dozens of failed auctions, the price of this old oil well has also reduced the price to an incredible price - US$3.2!

That’s right, this old oil well that has been closed for more than 70 years has the auction price of only $3.2!

But even so, no one cares about this well.

After all, the history of this old oil well is too long. Even if you take a photo, it will take considerable investment to restore the operation of this old oil well.

This old oil well is like an octogenarian. Although he still has a tone, it seems that in the eyes of those speculators who are supreme in interests, this old oil well is hopeless.

However, in Yang Jing's eyes, such an old oil well is an absolute treasure.

This old oil well was at least 10,000 tons well. Even if you look at it, it is rare. This is enough to prove that the oil fields under this oil well contained a large amount of oil. Although only heavy oil is left to exploit, the amount of heavy oil is definitely quite large.

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

Because Yang Jing was getting a business visa and could not work in the United States, so if he wanted to take pictures of this old oil well, he had to take pictures in the name of Lin Dan.

In fact, the B1 visa that Yang Jing obtained cannot travel in the United States. However, Yang Jing came to Texas with Lin Dan this time, and he could be regarded as a business investigation. However, it would not be possible to invest in and purchase old oil wells in the name of Yang Jing.

This old oil well that has been ignored for many years was easily photographed by Lin Dan. Because it was Yang Jing's money, although this old oil well belongs to Lin Dan in name, the Holy Ring recognizes that this old oil well belongs to Yang Jing.

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

After the auction ended, Yang Jing and his group took a rented vehicle and drove straight to Beaumont, 400 kilometers away.

Beaumont is a small city in Texas, but the city is quite famous. In the late 19th and early 20th centuries, the most famous oil field in Texas and even the world was the "Great Mountain" located about 6.4 kilometers south of the center of Beaumont.

In fact, this "big mountain" is just a small highland 4.57 meters higher than the surrounding plain and has a diameter of about 1.6 kilometers. However, on this "big mountain", the world's first oil well with a daily output of 10,000 tons of crude oil was dug! The famous "spindle" oil field is another name for this "big mountain".

The “Mountains” in Beaumont is a place to create miracles!

The famous "Seven Petroleum Sisters" of the Gulf Oil and Dracos Oil began to develop from here.

After discovering a 10,000-ton oil well 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, Mellon Consortium, one of the eight major consortiums in the United States, also set its sights here.

At that time, the famous William Mellon found Ge Fei and Galey, who had three high-yield wells, and invested $1.5 million to jointly establish Ge Fei Oil. William Mellon occupied half of the shares. A year later, Ge Fei Oil was renamed Gulf Oil, which is one of the famous seven sisters of oil in the future.

Kalinan, one of the discoverers and developers of the Koshikanna Oilfield, moved over after injecting oil from the spindle oilfield, raised a sum of funds from the eastern region, bought a batch of oil-producing wells in the new oilfield, established an oil refinery in Port Arthur, and established the Texas Petroleum Company. The oil company has been smooth sailing since then and has become Texco, one of the "Seven Sisters of Petroleum".

From this we can see how important this small "mountain" is in the global oil industry!

But now, the "kowtow bug" oil pumps that were lined up in this small city can no longer be seen. After the exploitable oil under this city has been completely exploited, the small city has returned to its previous peace.

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

This old oil well has been sealed for more than 70 years, and during this nearly eighty-year lockdown period, only one person had shown interest in this old oil well in the 1970s. However, after opening the long-closed oil well, the investor who tried to restore the old oil well to its former charm, invested more than 100,000 US dollars for surveys, and finally completely gave up and closed the old oil well again.

Now, this old oil well has once again welcomed its third owner...

This well is located on a private farm, not far from the Beaumont Petroleum Museum.

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

But with the United States promulgating the Mineral Leasing Act in 1920, this provision changed accordingly. Because this law, which has been promulgated for almost 100 years, stipulates that minerals such as oil, natural gas and coal found on private land are no longer owned by land developers, but by mineral developers. These minerals found on private land have no longer been involved with the land owner.

So although this 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, centered on the oil well, and the surrounding area of ​​about 900 square meters of land and related ancillary facilities belong to the owner of the oil well.

There are dense economic crops planted on the farm, but the existence of this old oil well made this land about one and a half acres of land bare, just like a blank suddenly appeared in the middle of a good oil painting.

No wonder the farmer is unhappy. If you ask yourself, if you are the farmer, you will definitely not like that there is such a small piece of land in your farm that does not belong to you.

It's like there's a rented land for foreigners in your own country. I feel awkward, but I can't move.

According to relevant agreements, farmers shall not block the owner of the oil well from various work in the oil well. This is an agreement signed when selling the farm and is protected by law.

So, after leading Yang Jing and the others to the oil well, the farmer drove away in disappointment.

Although the oil well has been sealed for more than 70 years, and was opened by the previous owner in the 1970s, various facilities of the oil well have been retained. At least the power facilities are still available. As long as the gate is closed at the other end of the power line, electricity will be available here.

After inspecting the relevant facilities, Yang Jing had to sigh that this American thing was built. These facilities have experienced at least 40 years of ups and downs. Even though they have become rusty, they can still be used for a little bit of cleaning up.

However, because this old oil well has been sealed for a long time, the oil pump has long disappeared.

"Brother Yang, this oil well has no value for re-exploitation. Even if we take over and want to re-exploitate, we must at least need to get another oil pump. But I think that even if this well can produce crude oil, the little crude oil produced may not be enough to have an oil pump."

Lin Dan is right. If this well could produce tens of thousands of barrels of crude oil, the previous owner would probably not have taken away the pump. Obviously, the previous owner felt that the old oil well was really worthless to produce, so he completely shut down the oil well, and even the most important oil pump was taken away and sold for money...

In fact, although this well has been sealed, this old oil well is actually an abandoned well. Otherwise, it would not be only such a low auction price.

But this doesn't matter. Yang Jing bought this oil well but didn't really need to be re-exploited. Even if you ask him to extract oil, he doesn't understand.

Yang Jing waved his hand and looked at the oil well that had been completely blocked. Then he asked Lin Dan: "Xiaolin, how much money would it take to reopen this oil well? Is it troublesome?"

Lin Dan shook his head and said, "I don't understand this very much, but we can consult. Brother Yang, please wait, I'll call and ask."

As he said that, Lin Dan took out his cell phone and started dialing. After more than ten minutes, Lin Dan smiled and said, "Brother Yang, there will be professionals coming to take a look later."

Yang Jing nodded, looked up at the warm sun, looked at the large farm again, and said with a smile: "The big farm in the United States is Niu Bi. We rarely see such a large farm in our country."

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

Yang Jing shook his head and Lin Dan said excitedly: "This Wagner Farm is known as the largest farm in the United States, with an area of ​​more than 2,000 square kilometers, which is larger than the two Hong Kong islands combined. Compared with the Wagner Farm we are seeing now, it seems like the gap between ants and elephants."

When Yang Jing heard this, he couldn't help but be amazed. "Damn, a farm with a farm of more than 2,000 square kilometers? So big?"

"Well, it's really that big. Wagner Farm has 510,000 acres of land, which is equivalent to metric units of 2,064 square kilometers. And in that super farm, there are 1,200 oil wells alone! The most amazing thing is that these 1,200 oil wells are only in about one-tenth of the land that occupies about one-tenth of the Wagner Farm. There are nearly 90% of the land in the entire Wagner Farm and Ranch, and there are no oil and gas resources surveys and developments in the entire Wagner Farm."

"Damn, that's so stolen? If you buy that farm and find a new oil and gas field inside, then won't you be able to release it?"

"Well, that's it! However, even if the Wagner Farm is sold, it is not allowed to continue surveying and exploiting oil and gas inside. It is said that it is to ensure the consistent tradition of the Wagner Farm."

"Tsk tsk, having such good resources is not allowed to develop. This is simply a waste of resources. By the way, is that Wagner Farm really ready to take out?"

"Well, actually, Wagner Farm was ready to be sold to the public the year before yesterday, but the price was as high as $725 million..." Chris Patton, who was standing by, also interrupted, "I visited that farm a few years ago. It was really good, but the price was too high and it was not affordable for ordinary people. But those rich people were unwilling to invest money in this traditional agriculture and animal husbandry, so that super farm has not been sold yet."

When Yang Jing heard this number, he felt that his teeth were a little painful. Damn, 725 million US dollars, that is almost 4.5 billion national currency!
Chapter completed!