Chapter 830

"Boss, you're here!"

Just then, Li Feng saw Xu Youyu, his general and the temporary head of Tianya investment in the United States, coming over with a wine glass and greeting Li Feng.

"Eugene, you're here early!

George and Michelle, let me introduce you. This is Eugene Xu, the current head of Tianya investment in China. You want to invest, but you should hold Eugene well. I'm just here to join the fun.

Eugene, these two are today's hosts. This is the governor of Texas, Mr. Bush. This is tonight's protagonist, Mr. George Michel, the founder of Michelle energy company. Later, you can have a good understanding of his team and shale gas development technology. "

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

"Hello, Mr. Xu. This is George Michelle."

"Hello, Mr. Xu. I'm George Walker Bush. Nice to meet you!"

"Hello, Mr. Bush and Mr. Michelle. I hope you can get something tonight."

“…”

After a brief introduction and greeting, the party walked into the hall and strolled together. Now Li Feng is completely used to such a reception. Chatting and greeting with the people who come and go to the reception have become daily.

Similarly, with Li Feng's arrival, within 10 minutes, maybe all the guests arrived. George Michelle took the stage on behalf of the organizers, which also means that the reception officially began.

……

"Redison and endjet, it's a great honor to have so many friends to attend the roadshow reception tonight. This is the second stop of the roadshow in the United States, Los Angeles.

In the previous New York station, we achieved good results and let our friends know our technical advantages and bright prospects in the future. Here, we also hope to cooperate with our friends in California and Los Angeles to jointly explore the new energy revolution in the future. "

Next, Michelle and George W. Bush made a big talk about the current situation of shale gas and the strong support policies of the government. Naturally, what they said is good. On the one hand, it has to be said that the eloquence of successful men is very good.

Entrepreneurs should be able to fool. Look at father ma. Of course, father Ma is great, but it's a little worse than Michelle. Anyway, even Li Feng, who had no interest and had a conclusion in his heart, listened with interest, not to mention others.

In fact, according to the historical development, in Li Feng's view, Michelle's role is naturally much greater than that of father ma. After all, the shale gas Revolution later led by Michelle turned the United States from energy import to export at one stroke, making the energy enterprises of polar bears dizzy.

It was Michelle's round of American roadshows that on the stage, Michelle was advocating that a technological breakthrough was imminent, and the commercial production of shale gas was just around the corner, that is, the rich resources of shale gas were there, waiting for you to exploit.

The previous roadshow in New York was very successful. In fact, investors including wall street have started data collection on shale gas, and even some anxious people have gone straight to major shale gas producing areas in Texas and even the United States.

At tonight's reception, Li Feng found many old friends, including executives from Bank of America Headquarters and Los Angeles branch, President of Citibank Los Angeles branch, and representatives of many investment institutions. It can be said that Michelle's flickering reception was very successful.

……

After collecting data over the past few days, Li Feng is not a layman in the study of shale gas. At least he knows what's going on, what kind of situation the United States is in, the history of shale gas development, etc. He has a simple understanding of these situations.

Since the 1970s, in order to get rid of the dependence on foreign energy, the United States has begun to invest a lot in the research of energy development. After all, the United States has had enough of energy earlier. After two oil crises, the United States is really a little worried.

The U.S. government has tried every means to ensure its own energy security. The wars from the 1990s to the new century, to put it bluntly, are all to ensure U.S. energy security. In addition to external access, another is to promote the development of unconventional gas and oil. At that time, the U.S. government did not know 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, gas reservoir and shale gas.

Michelle decided to work in the seemingly impossible direction of shale gas and try a major technical challenge. He planned to exploit natural gas in shale. At first, the engineer told him that all this was futile and impossible. It happened that he met a paranoid like George Michelle and devoted himself to the research of shale gas technology.

At that time, few people thought he could succeed. Some people said he was a waste of money and that he could not squeeze it out of stone. Because shale was essentially mineral mud, it was impossible for him to squeeze oil or natural gas out of it.

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

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

……

One of the key technologies is horizontal well drilling, which originated in the 19th century, was transformed by the Soviet Union in the 1930s to produce oil, and was perfected and matured by oil drillers in the 1980s.

Michelle company has tried a variety of hydraulic fracturing procedures. The output of many production wells often can not offset the cost of development, but Michelle firmly believes that with the progress of technology, the production can achieve a breakthrough, and insists on trying all the time.

In the original history, shale gas hydraulic fracturing technology had to make a breakthrough in 1998, and then until 2003, the comprehensive horizontal well drilling technology officially made commercial achievements and could be put into commercial operation. That is, after 2003, the United States officially launched a shale gas revolution.

In other words, even if it is a temporary technological breakthrough, it will take four or five years until the formal commercial operation.

At present, this period is actually in the final breakthrough period of Michelle's hydraulic fracturing, a key technology for horizontal well drilling. Unfortunately, Michelle energy company has no money, and those energy giants in Texas are unwilling to invest in this business that looks like losing money. Michelle can't help but think of the way of National roadshow to seek financial support.

In fact, history has proved that Michelle did succeed. Since he focused on the greatest return of test results, he analyzed and retested until it was finally completed, and finally exploited natural gas from shale reservoir by hydraulic fracturing process for the first time. Michelle's final success triggered the subsequent 'shale gas revolution'.

……

Michelle energy company began to study shale gas technology in the 1980s. So far, it has continuously invested more than US $200 million. Now, it seems that so many funds are like floating 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 Xiao Bu helped the platform and said that he received various policy support from the government, Li Feng is clear that the government actually has little support for shale gas technology research, including Michelle energy company.

The U.S. government has indeed tried to give direct help, of which two policies deserve special attention: one is R & D policy and financial support, and the other is tax credit policy.

For example, on the podium, Xiao Bu was talking about various preferential policies of the Texas government and even the American and imperial government on shale gas research, from administrative policies to tax exemption, which was very lively.

However, from the data collected by Li Feng, it is just like the great Chinese dynasty. The policy has changed in the end.