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 Mountain".
The capitals of many states in the United States are not the largest cities in the state. For example, the capital of New York 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, relying on the Central Railroad, Austin was once the most important economic center in Texas. However, with the discovery of large amounts of oil in Texas, Austin's economic status in Texas declined a lot.
But no matter what, as the capital of Texas, Austin still hosts many large-scale old oil well auctions every year.
Just like the old oil well auction that Yang Jing attended, it was the last old oil well auction held in Austin in 2017 and also the largest old oil well auction of the year.
According to the information Lin Dan has inquired about, as many as 1,375 old oil wells will be auctioned at the old oil well auction held today. The largest group consists of seventeen oil wells. This group of old oil wells is located in Kansas. They are seventeen old oil wells in a small oil field that has been closed.
Of course, there are also single old oil wells being auctioned at the auction. Most of these old oil wells are those that have been closed for a long time and have failed to be sold at auctions several or even dozens of times.
Almost no one is interested in these old oil wells, so the price is surprisingly cheap.
Just like an old oil well near Beaumont, Texas, this oil well once produced 10,000 tons per day and was an old oil well in the most famous "Spindletop" oil field at that time. However, this old oil well, which once created glory, was closed as early as the late 1930s after more than ten years of uncontrolled exploitation.
This old oil well has been auctioned dozens of times, but without exception it has always failed to sell. As a result, 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 dropped to an incredible price - US$3.2!
That’s right, the reserve price for this old oil well, which has been closed for more than 70 years, is only US$3.2!
But even so, no one is interested in this oil well.
After all, this old oil well has a very long history. Even if it is photographed, it will require a considerable amount of money to restore its operation.
This old oil well is like an octogenarian. Although it is still breathing, in the eyes of those profit-oriented speculators, this old oil well is beyond salvation.
However, in Yang Jing's eyes, such old oil wells are absolute treasures.
This old oil well was at least a 10,000-ton well. Even today, it is rare to find an oil well that can produce 10,000 tons of crude oil per day. This is enough to prove that the oil field below this oil well contained a large amount of oil. Although only heavy oil is now mined, the amount of heavy oil is definitely not small.
So Yang Jing immediately signaled Lin Dan to take a picture of the oil well.
Because Yang Jing held a business visa, he could not work in the United States, so if he wanted to take a picture of the old oil well, he had to do it in the name of Lin Dan.
In fact, Yang Jing's B1 visa does not allow him to travel in the United States, but Yang Jing came to Texas with Lin Dan this time, so he can use the name of business inspection. But if he wants to invest in the purchase of old oil wells in the name of Yang Jing, it will not work.
This old oil well, which had been ignored for many years, was easily bought by Lin Dan. Because it was paid for by Yang Jing, although the old oil well nominally belonged to Lin Dan, Shengjie recognized that the old oil well belonged to Yang Jing.
Because it was experimental in nature, Yang Jing did not purchase more old oil wells at this auction.
When the auction ended, Yang Jing and his group of four took a rented car and drove straight to Beaumont, 400 kilometers away.
Beaumont is a small city in Texas, but it is quite famous. In the late 19th century and early 20th century, the most famous oil field in Texas and even in the world was the "Big Mountain" located about 6.4 kilometers south of downtown Beaumont.
In fact, this "mountain" is just a small plateau that is 4.57 meters higher than the surrounding plains and about 1.6 kilometers in diameter. However, it was on this "mountain" that the world's first oil well with a daily output of 10,000 tons of crude oil was drilled! The famous "Spindle Top" oil field is another name for this "mountain".
Beaumont's "Big Mountain" is a place that truly creates miracles!
Gulf Oil and Tegus Oil, two of the famous "Seven Sisters of Oil", both started their development here.
When a 10,000-ton oil well was discovered here, it immediately broke the monopoly of Standard Oil of the Rockefeller family on American oil, and immediately attracted many investors, adventurers and oil prospectors to gather here. Among them, the Mellon Group, one of the eight major financial groups in the United States at that time, also set its sights on this place.
At that time, the famous William Mellon found Geffen and Gally who owned three high-yield wells, and invested 1.5 million US dollars to jointly establish Geffen Oil, in which William Mellon held half of the shares. A year later, Geffen Oil was renamed Gulf Oil, which later became one of the famous Seven Sisters of Oil.
This chapter is not over yet, please click on the next page to continue reading!
Continue read on readnovelmtl.com
