Chapter 27: Old Oil Wells Start (Collect!)

Qi Zheng was secretly happy in his heart, but on the surface, he left the ranch with an expressionless face.

At this time, it is necessary to be steady.

Don't wave.

Qi Zheng calmly went to several other old oil fields, some of which were not easy to set up for exploration, but after the same operation, they found nothing.

Facts have proved that the development of new oil and gas reservoirs in old oil wells is really not just a matter of buying Chinese cabbage and picking it at will. If you don't have the memory of your previous life, even if you have a spiritual array as a foundation, you don't know how much work it will take if you rely on luck.

In the next few days, Qi Zheng and Zhang Zehong either through on-site inspections or through data selection, ruled out most of the options, and then called the agent trading agent Luke.

When Luke heard that Qi Zheng had a clear investment goal, he immediately came to his senses and quickly rushed to join the two.

After seeing that Qi Zheng had chosen the old oil well area where the "Hulu Oil Reservoir" was located, Luke was quite puzzled, and confirmed with a rare conscience: "Mr. Qi, are you sure you want to buy this oil field? As far as I know, the oil output from the old oil field in this area is basically zero, and if you buy it, it can only be used to develop new oil reservoirs, which is quite risky." I have some better wells to choose from, don't you think about it anymore?"

Qi Zheng nodded solemnly: "No need, just help me take this oil field area." This is a deliberate choice I made after considering a lot of information, and this oil field area gives me the best feeling, which is it. ”

Zhang Zehong rolled his eyes at this unreliable reason.

"Uh......" Luke choked when he heard this.

Although it is true that buying old oil wells is a matter of luck many times, he really did not expect that someone would buy oil wells on the grounds of "feeling good".

"Is there any problem?" Qi Zheng smiled brightly.

"Of course there is no problem, since Mr. Qi, you have decided, then I will contact the owner of the oil well immediately. Mr. Qi, you can rest assured that this oil well area has been put up for auction many times, but it has all been unsold and no one is interested in them. When the other party hears that you want to buy, they will definitely be quite happy to transfer. Luke came to his senses and immediately tried to show his expertise.

Okay, okay, your teeth are white, you're amazing, you have money, you can play as you like, anyway, you'll throw all the money into the water, I think you can still laugh, can't you?

Luke just silently slandered Qi Zheng's smile in his heart.

Qi Zheng didn't know Luke's mental activity, and nodded in satisfaction when he heard his words.

That's right, Qi Zheng wants to get the oil owner to agree to sell outside the auction, not buy it at the auction, although then the price may be lower.

However, there are certain conditions to participate in the auction to buy old oil wells - the purchaser's income should mainly come from the oil business, or have many years of history in the oil industry, or the purchaser himself is an oil field owner, etc.

Although there are also relevant regulations, if the buyer does not meet the conditions, he can entrust a qualified agency to purchase on his behalf.

But after being 100% sure of what kind of oil reservoir it will be, Qi Zheng completely canceled the plan of letting the agency purchase on his behalf. After all, wealth is moving, and it is really necessary to guard against it.

......

The field is owned by a small petroleum technical services company.

Luke was right, and when they learned that there was still a big deal to buy the company's old oil well complex, they didn't hesitate to say yes.

It's not that they haven't put the old oil wells up at auction, in fact, they have participated in several times, but they have all failed without exception.

For those investors who are waving banknotes and checks and are ready to gamble in the oil industry, the attraction of those old oil fields or oil well groups that have been auctioned off several times in a row can only show that such old oil well groups really have no potential to be tapped. Investors, or speculators, are more concerned with the old fields and clusters of wells that have just been put up for auction.

Onshore oil fields in the United States are mainly located in the central and southwestern parts of the country and Alaska, such as Mississippi, Kansas, Texas, Louisiana, Arizona, New Mexico, etc., which are the main oil-rich regions.

Unlike some states, such as Texas, which is one of the first states to develop oil fields, there are a lot of old oil fields and old oil wells. But most of the oil fields here are more than 100 years old, so there is basically no potential left to be tapped.

The other states are slightly better off than Texas, with at least more potential than Texas' oil fields. As a result, Texas oil fields were almost unattended at auction, and even the prices offered were extremely low, but they still did not attract the attention of speculators.

As an oil company that has transformed into an oil service company, they have already dug the potential of the old oil wells under the company's name many times, and the potential has basically been exhausted.

As an oil service company with a strict financial system and investment plan, it will not choose to invest in the re-exploration and development of new oil and gas reservoirs in old oil wells, so these old oil fields are basically like chicken ribs.

You must know that this kind of old oil wells that have been auctioned, the information is open to the whole United States. That is to say, as long as you are interested in investing in old oil wells, then the most detailed information of these oil wells is clear at a glance, including the specific status of the development of these old oil wells, participated in several auctions, and failed to sell several times......

Therefore, for the company's remaining old oil wells, those buyers who are like people will naturally not take over.

They all thought that these old oil wells were going to rot in the hands of the company, and now there is a big wronged person to take over, what else is there to say, it is right to act quickly.

Fearing that they would scare away buyers, they even offered a rather sincere price and sold it to Qi Zheng at a price of $4,000 per well.

Inevitably had a lot of dreams at night, Qi Zheng basically didn't bargain much, and happily accepted the offer.

If it's just the old wells themselves, it's estimated that $1,000 each will go unnoticed, and that's the case at auction. But now this package price includes the ownership of the oilfield area, the existing equipment in the oilfield area, and the right to use the attached oil pipeline, so Qi Zheng accepted it.

The two sides easily reached a consensus, and in order to prevent possible disputes in the future, Qi Zheng also hired Baker McKenzie, which ranks among the top three in the United States for many years, to protect the transaction.

......

As a young lawyer who joined the law firm of Baker McKenzie for two years, Liam, who lives in California, was reluctant to be sent to Houston, but the California branch was full of talent, and there was no place for him.

After two years in Houston, Liam never had the opportunity to take on a big deal - although Baker & Mackenzie is famous, he still has a lot of seniors on his head, all eyeing the position of partner in the firm, who is willing to give in easily?

As a graduate of the University of Southern California School of Law, it was very difficult to become a senior partner of one of the top law firms in the United States - it was so difficult that he came to intern many times during his studies, and then obtained excellent internship results, and at the same time, he coincidentally defeated many Yale and Harvard students to get his current position, and the promotion to partner was far away.

In the United States, there are not only first-class law firms that only recruit Harvard graduates, but also first-class law firms that only recruit students from prestigious schools such as Stanford and Yale. He didn't have the slightest chance at that.

It's more of a messy law firm. But Liam didn't want to go, because there was more competition, there was no lower limit, and there were fewer rewards, and if he was not careful, he might have to work as a defense lawyer for drug lords and gangsters and other scumbags.

Of course, as long as you can afford it, more law firms are willing to serve it. But those who can afford a lot of money tend to trust first-class law firms more.

Relatively speaking, Baker & Mackenzie has been his best choice.

So despite the difficulties, Liam still did his job diligently, and he was annoyed that he could only touch a few small orders, which did not help improve his performance.

There is no doubt that this list in front of him is a piece of cake, it seems that he is a foreign speculator who wants to come to Texas to buy an old oil field to gamble on luck, he has seen a lot of this kind of person, but the person in front of him pays special attention to the requirements of legal protection.

Tsk, these Asians are like that, always full of insecurity, as if someone will be staring at their net worth.

But isn't that bad? As long as he can pay for it, whether he is afraid of death or not, he has to hire an army to guard him, and he can solve it properly for him.

Although he was complaining frantically in his heart, the handsome Liam said to Qi Zheng calmly on the surface: "Mr. Qi, don't worry at all, I promise, as long as you sign this contract, the right to use the oil field area, including the right to survey, exploitation, and part of the oil pipeline, will be completely owned by you, and no one can snatch it from you." ”

Lao Mei's law is extremely complex, which has created an important position for lawyers. Any transaction is inseparable from the endorsement of a lawyer, especially a first-class law firm, which can largely avoid the occurrence of disputes after the fact. In fact, seeing their name, many people will back down.

In the event of a dispute, they can even dispatch hundreds of people to serve a case, of course, as long as you can afford the money - the greatest significance of the existence of first-class lawyers is to let the more money can successfully crush the less, for which the barristers are also exhausted of their ingenuity.

Therefore, the fees of first-class law firms are also quite top-notch. The cost of buying a well is low, less than $100,000 to buy, but the additional fee paid to a lawyer is almost a tenth of the cost of buying a well — so much so that the agent Luke keeps slandering in his heart that the nouveau riche just likes to make a big fuss.

After the lawyer confirmed that it was correct, Qi Zheng signed the contract, and then paid off the money through the bank, and the "gourd oil reservoir" was officially started.

"Happy cooperation!" After the deal was concluded, Qi Zheng shook hands with Liam and Luke on the side, and then entrusted them to continue to provide services for new oil and gas exploration in the future.

In Laomei, there are perfect production contracting companies with various supporting facilities, including drilling, logging, perforation, oil testing, oil production and other professional companies, and some related work can be entrusted to these companies to complete.

Since there are a large number of such companies in Houston and the fees are not expensive, they not only save money than sending people to manage them themselves, but also avoid the trouble caused by Qi Zheng's unfamiliarity with the situation in the United States and the oil production management business.

"No problem. Luke, who had already earned a brokerage fee, said with a smile.

Liam, the young lawyer, nodded calmly.

As for whether they can find out the oil, whether Qi Zheng will go bankrupt because of this, what does it matter to them?

......