Chapter 203: Good
Today's twelfth update! Originally, today's promise was ten watches, but now it's twelve watches, Xiaomo is so powerful? The big guy is more powerful? Use the monthly pass in your hand to make Xiaomo's motivation more sufficient! Now Xiaomo's new book monthly ticket list is a bit dangerous, please support the big guys!
The people of the Rockefeller family move quickly, and since Jay, who is one of the leaders, is very fast. Rockefeller has agreed to the exchange of shares between the two parties, so the next thing is much simpler.
Sam himself is a lawyer and the nominal chairman of Down Mining, so Sam can directly sign relevant agreements with the Rockefeller family and ExxonMobil.
At the beginning, in order to reasonably avoid taxes, the shares of Tang Mining in the United States were divided into many shares, which were held by some charitable funds and investment funds, of course, the owners behind these funds were naturally Tang Feng and Sam.
In terms of ExxonMobil's strength, once the relevant agreement with Sam was signed, ExxonMobil immediately took action. As one of the world's leading private oil companies, ExxonMobil naturally knows how important this newly discovered super oil field is to ExxonMobil, and as a Texas resident, having such a super oil field join the territory of ExxonMobil's oil empire will definitely have a great positive effect on the entire ExxonMobil business.
ExxonMobil, headquartered in Dallas, immediately took over the construction of the pipeline from the Beaumont oil field.
The production capacity of the Beaumont field is enough to support a third of ExxonMobil's oil processing share, but the oil pipeline that Tang Feng has just replaced the pipeline immediately became a bottleneck for ExxonMobil. The original 24-inch pipeline transported more than 12 million tons of oil a year, but if ExxonMobil were to increase production from the Beaumont field by a factor of six, such an oil pipeline would simply not be enough.
Therefore, if the Beaumont field is to be maximized, it will at least need to build three more 32-inch (812 mm) pipelines or simply a 48-inch (1220 mm) pipeline. This pipeline is enough to ensure the transportation of more than 100 million tons of crude oil per year.
As a landowner in Texas, ExxonMobil has its own oil depot in Beaumont and even further south in Port Arthur, and ExxonMobil's refinery is across the Neches River from Devon Energy's refinery, so most of the new pipeline can follow the route of the original pipeline, and the crude oil from the Beaumont oil field can be transported to ExxonMobil's refinery directly across the Neches River.
Seeing that ExxonMobil had joined the Beaumont Oilfield, Devon Energy, who was still trying to force Tang Feng to show up, was dumbfounded. Devon Energy is the world's largest sole oil supplier. It is also the ninth largest oil company in the United States, but compared to ExxonMobil, it is a complete little brother.
And with the support of ExxonMobil, Tang's Mining, now has enough confidence. Mr. Albert confidently refused to supply oil to the oil depot of Devon Energy, anyway, he only signed a one-year tank lease agreement with Devon Energy, and the one-year lease fee was only $2 million, so I didn't need that money!
It's just that it's a bit cumbersome to build a new oil pipeline. Thankfully, ExxonMobil is quite comfortable in Texas, and ExxonMobil has promised private owners of the land through which the pipeline passes that they can provide a job for each of them, of course, at ExxonMobil's refinery in Beaumont. This was accompanied by a large amount of compensation, so the 48-inch oil pipeline was quickly under construction.
Compared with the old overhead oil pipeline, the new large-diameter oil pipeline is directly buried, because if it is overhead, it will take a lot of time to use those concrete supports. And if you bury it directly, just follow the old overhead oil pipeline. The construction speed of large excavators in this field is still very fast, more than a dozen large excavators work together in multiple working faces at the same time, and a large ditch of more than ten kilometers can be dug in one day.
The downtube, welding and so on, are also very fast. ExxonMobil has done everything it can to get the pipeline up and running in the shortest possible time, so that all 21 wells in the Beaumont field can be restored.
At the same time as the construction of the oil pipeline. ExxonMobil also sent a large number of staff to the Down's Ranch to begin redrilling the remaining 19 old oil wells. Now that it has been determined that there is a huge oil field three thousand meters underground, it is enough to let the drilling rig run at full power and drill straight down.
Once ExxonMobil is fully mobilized, it is quite terrifying. After all, as a veteran oil company with a history of more than 100 years, ExxonMobil has a lot of relevant talents. To deal with the almost transparent oil field of the Beaumont Oilfield, that is, to take the snail with three fingers, and take nine out of ten!
Soon, more than ten days later, the remaining 19 old oil wells began to inject oil outward, and a steady stream of black crude oil flowed along the two oil pipelines that had just been laid to ExxonMobil's refinery.
The remaining 19 old oil wells did not surprise Tang Feng, and each of them was an extra-high production well with a daily output of more than 10,000 tons. After the redevelopment of these 21 old oil wells, all of them have become extra-high production wells with a daily output of more than 10,000 tons, which is extremely rare in the world's major oil fields!
With the addition of ExxonMobil and the news announced by ExxonMobil, the oil companies that still coveted it have all died down one by one. Everyone knows the huge benefits of this super oil field, but if you want to move this delicious cake, you have to see if you have the strength to do it.
If ExxonMobil does not intervene in this oil field, then there may be a chance to share this cake, but when the powerful ExxonMobil intervenes, then if you want to move this cake, you must first see whether ExxonMobil agrees or not.
But ExxonMobil apparently does not allow outsiders to share the cake with them. Nonsense, even our ExxonMobil hasn't eaten enough, so why do you come to share food with us ExxonMobil? I'm going to let you in and grab the cake with me!"
The powerful ExxonMobil, with its own strong strength, stubbornly resisted the covetous eyes of those oil companies, although it was very hard, but this kind of effort was absolutely worth it.
Because with the news of the replacement of shares between ExxonMobil and Down's Mining in the United States, as well as the specific data of the Beaumont oil field, this major good news suddenly made ExxonMobil's stock price rush to $80 again in just half a day, and rushed all the way, after breaking through $85, it did not succeed when it hit the high of the dollar, but the closing price of the day was also fixed at the price of $88.7.
You must know that since July 2014, when the international crude oil price began to dive, ExxonMobil's stock price has fallen all the way, falling below $85 and then falling below the psychological price of $80, and now, it has been a whole year, ExxonMobil's stock price has not broken through the price of $80.
And now, with the addition of the Beaumont oil field, ExxonMobil's stock price, which has been dormant for more than a year, has risen by more than 10% in just half a day, and the value has increased by nearly $40 billion in one day! (To be continued......)