Rebirth

"BOSS, you are here!"

While talking, Li Feng saw his general, Xu Youyu, who is now the temporary head of Tianya Investment in the U.S. Emperor, walked over with a wine glass and greeted Li Feng.

"Eugene, you're here early!

George and Michelle, let me introduce to you. This is Eugene Xu, the person in charge of Tianya Investment in China. If you want to invest, you have to support Eugene. I'm just here to join in the fun.

Eugene, these two are today’s hosts. This is Mr. Bush, Governor of Texas. This is the protagonist tonight, Mr. George Michel, the founder of Michelle Energy. You can get a good understanding later. His team and shale gas development technology."

Looking at the middle-aged Chinese man of medium build in front of him, Li Feng responded with a smile, and introduced Bush and George Michel.

"Mr. Xu, hello, this is George Michel."

"Mr. Xu, hello, this is George Walker Bush. I am glad to meet you!"

"Mr. Bush, Mr. Michelle, good two, I hope they can get something tonight."

"..."

After a brief introduction and greeting, a group of people walked into the hall and wandered together. Now Li Feng is completely accustomed to such a cocktail party. It has become a daily routine for Li Feng to chat with and say hello to the people attending the cocktail party.

Similarly, with the arrival of Li Feng, within 10 minutes, perhaps all the guests were there. George Michel came to the stage on behalf of the organizer, which also meant that the reception officially began.

...

"Landison I and Jett, I am honored to have so many friends come to the roadshow cocktail party tonight. This is the second stop of the national roadshow in Los Angeles.

In the previous New York station, we achieved very good results, letting friends know our technological advantages and bright prospects in the future. Here, we also hope to reach cooperation with friends in California and Los Angeles to discuss the new future. The energy revolution."

Next, Michelle and Bush Jr. made a big talk about the current situation of shale gas and the strong support policy of the government. Naturally, it was a good one. I have to say, The eloquence of successful men is very good.

If you are an entrepreneur, look at Papa Ma. Papa Ma is certainly great, but compared to Michelle, it feels a bit worse.Anyway, even Li Feng, who had no interest in him and had already made a certain conclusion, listened with gusto, let alone other people.

In fact, according to the historical development, in Li Feng’s view, Michelle’s role is naturally much greater than that of Papa Ma. After all, the shale gas revolution that Michelle later led, but in one fell swoop, the U.S. Imports have turned to exports, and the energy companies that have hit the polar bears are confused.

It was Michelle’s national roadshow flicker. On stage, Michelle was preaching that a technological breakthrough was imminent. The commercial production of shale gas was already in sight. In other words, the rich resources of shale gas Put it there, just waiting for you to mine it.

The previous roadshow fudge cocktail party in New York was very successful. Investors from all walks of life, including Wall Street, have already started data collection on shale gas, and even some impatient people have gone straight to Texas and even the United States. The major shale gas producing areas have gone.

At the reception tonight, Li Feng found many old friends, including the Bank of America headquarters, the executives of the Los Angeles branch, the president of the Citibank Los Angeles branch, and many investment agency representatives. Sher's Fudge Party was very successful.

...

After collecting data and so on these days, Li Feng is no longer a layman in the study of shale gas, at least he understands what is going on, what is the situation in the US, and the history of shale gas development. Wait, these situations can be considered as a simple understanding.

Since the 1970s, in order to get rid of dependence on external energy sources, the U.S. has begun to invest heavily in energy development research.After all, the U.S. imperialism had had enough energy earlier. After two oil crises, the U.S. felt a little bit worried.

The U.S. government tried every means to ensure its own energy security. The several wars from the 1990s to the new century, to put it bluntly, were all to ensure U.S. energy security. In addition to obtaining external sources, there was also the promotion of unconventional gas and oil Development.At that time, the US government had no idea which of the three unconventional natural gas, tight gas, coalbed methane and shale gas, would be the first to make a breakthrough.

Of course, there are those who study tight gas, gas layers, and shale gas.

Michelle decided to work in the improbable direction of shale gas and tried a major technical challenge. He planned to extract natural gas from shale. At first, the engineer told him that all this was futile and impossible. achieve.It happened that I met a paranoid like George Michel, and got into the research of shale gas technology.

At that time, almost no one thought he could succeed. Some people said he was a waste of money, saying that he could not squeeze it out of stone, because shale is essentially mineral mud, so he could not squeeze out oil or natural gas from it.

But Michel did not give up his idea. He was very persistent. He and the oil well builders have been trying various well-known technologies, but these technologies have never been used comprehensively before.

Yes, in fact, the mining of shale gas has appeared technically, but no one has used it comprehensively, and Michelle did just that.

...

One of the key technologies is horizontal well drilling. It originated in the 19th century and was used to produce oil after being transformed by the Soviet Union in the 1930s. It was perfected and matured by oil drilling workers in the 1980s.

Michelle has tried a variety of hydraulic fracturing procedures. The output of many production wells often cannot offset the cost of development. However, Michelle firmly believes that with the advancement of technology, breakthroughs in production can be achieved and insist on trying all the time.

In the original history, shale gas hydraulic fracturing technology had to make a breakthrough in 1998, and then it was not until 2003 that comprehensive horizontal well drilling technology officially achieved commercial success and could be commercialized.That is, after 2003, the United States officially started a shale gas revolution.

In other words, even if it is a temporary technological breakthrough, it will take 4 to 5 years to wait until the formal commercial operation.

At this time, it is actually in the final breakthrough period of Michelle's hydraulic fracturing, a key technology for horizontal well drilling. Unfortunately, Michelle Energy has no money, and the energy giants in Texas are unwilling Investing in this business that seemed to be losing money, Michelle had no choice but to seek financial support through the National Roadshow.

In fact, history has proven that Michelle is indeed successful. From his focus to the greatest return on the test results, he analyzed and re-tested, until the final completion, and finally used the hydraulic fracturing process for the first time from shale reservoirs. Natural gas was extracted in Michelle, and Michel's ultimate success triggered the subsequent “shale gas revolution”.

...

Michelle Energy Company began to study shale gas technology in the 1980s, and has successively invested more than 200 million US dollars so far. So much of the funds now seems to be said to have been smashed. Without seeing the head, it's no wonder that Texas is not supported in this energy state.

Another point is the so-called government support. Yes, although Xiaobu helped the platform and said that he received various government policy support, in fact, Li Feng knew that, including Michel Energy Corporation and other related shale gas technology research, the government actually Support is very small.

The U.S. government has indeed tried to give direct assistance. Two of these policies are particularly worthy of attention. One is R&D policy and financial support, and the other is tax credit policy.

For example, on the rostrum, Xiaobu was talking about the various preferential policies of the Texas government and even the U.S. government on shale gas research, from administrative policies to tax exemptions, etc. It was very lively.

However, judging from the data collected by Li Feng, it is just like the Great Heavenly Dynasty, and the policy has changed in the end.