"Boss, you're here!"

As he was talking, Li Feng saw his subordinate general, Xu Youyu, who is now the interim head of Tianya Investment in the United States, come over with a wine glass and greet Li Feng.

"Eugene, you're here early!

George, Michelle, let me introduce to you, this is the current person in charge of Tianya Investment in China, Eugene Xu, if you want to invest, you have to hold Eugene well, I just came to join in the fun.

Eugene, these two are today's hosts, this is Mr. Bush, the governor of Texas, and this is the protagonist of tonight, Mr. George Michelle, the founder of Michelle Energy, and you can get a good understanding of the team he leads and the shale gas development technology. ”

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

"Hello Mr. Xu, I'm George Michelle. ”

"Hello Mr. Xu, I'm George W. Bush, it's a pleasure to meet you!"

"Mr. Bush and Mr. Michelle, both of you are good, and I hope you will get something out tonight. ”

“…”

After a brief introduction and greetings, the group walked into the hall together and wandered around, such a cocktail party, now Li Feng is completely accustomed to it, chatting and greeting everyone who comes and goes, this has become a daily routine.

Similarly, with the arrival of Li Feng, within 10 minutes, perhaps all the guests had arrived, and George Michel took the stage on behalf of the organizer, which also meant that the reception had officially begun.

……

"Radisson, Anderjet, it's an honor to have so many friends here for tonight's roadshow reception, which is the second stop of the national roadshow in Los Angeles.

In the previous New York station, we have achieved good results, let friends know our technical 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 energy revolution in the future. ”

Next, Michel and George W. Bush made a big talk about the current situation of shale gas, as well as the government's strong support policies, etc., naturally, on the good side, I have to say that the eloquence of successful men is very good.

Entrepreneurs should be able to fool, look at Daddy Ma, of course Daddy Ma is great, but compared to Michelle, it feels a little worse. Anyway, even Li Feng, who was originally not interested in it and had already made up his mind in his heart, listened to it with relish, let alone other people.

In fact, according to historical development, in Li Feng's view, Michel's role is naturally much greater than that of Mapapa, after all, the shale gas revolution led by Michelle later turned the US imperialist from energy imports to exports in one fell swoop, and the energy companies that beat the polar bear were dizzy.

It is Michelle's round of national roadshow flickering, on the stage, Michel is advocating that a technological breakthrough is imminent, and the commercial production of shale gas is already in sight, that is, the rich resources of shale gas are there, waiting for you to exploit it.

The previous roadshow in New York was very successful, and investors from all walks of life, including Wall Street, have actually started to collect information on shale gas and other aspects, and even some people who are anxious have gone straight to the major shale gas producing areas in Texas and even the United States.

At tonight's reception, Li Feng found a lot of old friends, including executives from the headquarters of Bank of America, Los Angeles Branch, President of Citibank Los Angeles Branch, and many representatives of investment institutions.

……

After collecting information in the past few days, Li Feng is not a layman in the study of shale gas, at least he understands what is going on, what kind of situation is in the United States, the history of shale gas development, etc., and he has a simple understanding of these situations.

Since the 70s, in order to get rid of its dependence on foreign energy, US imperialism has begun to devote a lot of research to energy development. After all, the US imperialists had enough of the energy sufferings earlier, and after experiencing two oil crises, the United States is really a little worried.

The US government has tried every means to ensure its own energy security, and several wars from the 90s to the new century, to put it bluntly, are all aimed at ensuring the energy security of the United States. At that time, the U.S. government had no idea which of the three unconventional natural gases, tight gas, coalbed methane, and shale gas, would be the first to make a breakthrough.

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

Michel decided to work in the seemingly impossible direction of shale gas and tried a major technical challenge, he planned to extract natural gas from shale, but the engineers initially told him that it was all futile and impossible. I met a paranoid like George Michelle, and I got into the research of shale gas technology.

At that time, almost no one thought that he would succeed, some said that he was wasting money, that he could not squeeze it out of the stone, because shale was essentially mineral mud, so it was impossible for him to squeeze oil or gas out of it.

But Michelle didn't give up on his idea, he was persistent, and he and the well builders were experimenting with various techniques that had long been known for a long time, but which had never been used in combination before.

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

……

One of the key technologies is horizontal well drilling, which originated in the 19th century, was transformed by the Soviet Union in the 30s of the 20th century for oil production, and was perfected and matured by oil drillers in the 80s of the 20th century.

Michelle tried a variety of hydraulic fracturing procedures, and the output of many production wells often did not offset the cost of development, but Michel firmly believed that technological advances could lead to breakthroughs in production, and she continued to try.

In the original history, shale gas hydraulic fracturing technology had to make a breakthrough in 98 years, and then it was not until 03 years that the comprehensive horizontal well drilling technology officially achieved commercial achievements and could be operated commercially. That is, after 03 years, the United States officially started a shale gas revolution.

In other words, even if a technological breakthrough is made temporarily, it will take 4 or 5 years to wait for the official commercial operation.

Unfortunately, Michelle Energy has no money, and the energy giants in Texas are not willing to invest in this seemingly money-losing business.

In fact, history has shown that Michel did succeed, from the time he focused his attention on the maximum return of the test results, he analyzed and re-tested until it was finally completed, and finally used hydraulic fracturing to extract natural gas from shale reservoirs for the first time, Michel's eventual success sparked what would become the 'shale gas revolution'.

……

Michelle Energy has been researching shale gas technology since the 80s, and has invested more than $200 million so far, and so much money now seems to be like a drop in the water, and people can't see the end, no wonder there is no support in Texas, an energy state.

Another point is the so-called government support, yes, although Xiaobu helped the platform and said that he had received various policy support from the government, in fact, Li Feng knew that the government's support for shale gas technology research, including Michel Energy, was actually very small.

The U.S. government has indeed tried to provide direct help, and two policies are particularly noteworthy: R&D policy, financial support, and tax credits.

For example, on the rostrum, Xiaobu was talking endlessly about the various preferential policies of the Texas government and even the US imperialist government on shale gas research, from administrative policies to tax exemption, etc., which was very lively.

However, judging from the information collected by Li Feng, just like the Great Celestial Empire in the past, the policy has changed in the end.