Chapter 250: Oil Changes Destiny_2
Allen Zhang also picked up a handful of soil, clutching it tightly and sniffing it. Indeed, there was a pungent odor, the soil color was changing, indicating that the crude oil content was starting to increase.
526 meters underground. As the Beggar Gang Disciples attempted to pump oil again, there was a blockage-like tremor, expelling a muddy, viscous substance, which quickly burst like a flood discharge, releasing a large amount of dark brown liquid, clearing the pipe directly!!
"It's oil!!"
The Beggar Gang Disciples shouted loudly. Watching the large amount of black viscous material spewing out of the pipe, which basically contained no more soil matter, they touched it with a hand, hanging sticky crude oil all over the hand.
"There really is oil!!"
Old Karl stood dumbfounded, his face instantly flushing red, barely containing his excitement, his hands trembling, he couldn't help but look up to the sky and laugh loudly: "Hahaha! I'm rich!!"
Allen Zhang was also somewhat astonished, not expecting that despite the hurdles, Old Karl had really managed to produce oil.
He congratulated, "Congratulations, Karl. You old chap really are off the charts lucky!"
"Just average," Old Karl waved his hand, holding back his excitement.
The Beggar Gang Disciples stopped the wasteful behavior, judging by the amount of oil extracted from the pipe, the underground resources were still plentiful, at least about two million barrels of crude oil could be extracted, with the total market recovery value estimated between 95 million to 100 million US Dollars.
A single well could provide Old Karl at least 65-80 barrels of crude oil per day, with no worries about resource exhaustion for the next twenty years.
Translated into US Dollars, excluding water and electricity fees, a single well just sitting there doing nothing could earn a minimum income of $5,000 per day, $150,000 per month, and at least $1.8 million per year.
This is just the income from a single oil well. If two more wells were drilled nearby and pumped non-stop 24 hours a day, the output and income would double, bringing at least $5 million in profits per year!
Such a painful life with tens of thousands of dollars in revenue upon opening your eyes each morning could be enjoyed for a full twenty years.
Holy shit.
It really is oil changing the course of destiny!!
Upon instruction, Allen Zhang had the Beggar Gang Disciples take out the alloy steel drill bit and secure the extraction pipe.
After celebrating with his son and daughter-in-law, Old Karl also urgently contacted a nearby mining company and ordered a nodding donkey.
After all, the fact that there was oil underground had already been firmly established, what remained was to install the nodding donkey and start extracting oil stably, finding a refinery to cooperate with for the sale, this thing could easily earn a few tens of dollars with a simple nod, 24 hours of vigorous nodding, fervently pumping money.
Eventually, it was certain that oil company representatives or other intermediaries would sniff out the scent and come knocking to discuss cooperation.
After all, Old Karl's land had an oil reserve of approximately two million barrels.
Ordinarily, even if someone could extract oil in their backyard ranch, the reserve would only be a few hundred thousand barrels. But there were some lucky fellows, able to extract tens of millions of barrels of oil reserves underground, even leading to lawsuits!
This thing, if you're not fated, really can't be grasped! Easy to end up shot 27 times in the back and die from suicide.
A few hundred thousand barrels of crude oil was already enough to make people jealous, not to mention this is a 100 million US Dollar market!
After spending some time managing the extraction site, Old Karl installed railings near the extraction pipe to keep hunting dogs and lambs away, also feeling high-spirited, ready to go and help the General Sect Leader extract oil.
Old Karl paid to refuel the trailer truck, and also paid the General Sect Leader 40,000 US Dollars in extraction fees, driving to the Green Field Manor Ranch.
Allen Zhang returned to his own territory, took out his phone to check the geographical location, and directed the Beggar Gang Disciples to drive the drilling rig to the coordinate area 125.56, starting to extract shallow layer oil at 160 meters underground.
Old Karl had a different opinion on this, "What could possibly come out from 160 meters underground? Besides groundwater and broken stones, there's nothing else, if you ask me, we should drill directly in the 500-meter region!"
The Beggar Gang Disciples also consulted the General Sect Leader, whether to drill at this location to extract oil. Allen Zhang nodded his head, firmly saying: "Right here. I have a premonition that there's definitely oil beneath this land."
Seeing that they couldn't dissuade the stubborn General Sect Leader, who was determined not to turn back until hitting the wall, Old Karl also shook his head, "Even if you own the platform machine, drilling a well would still cost you at least $4,000, if not more. If no oil is extracted, you'd still have to think of a way to fill up the hole."
"Don't worry, you spent $200 hiring such unreliable people to locate oil, and still managed to extract oil from underground, I'm definitely able to extract some too," Allen Zhang waved his hand, indicating no need to worry.
After all, he hadn't yet purchased oil chickens and oil dogs from the Professional Oil Hunter.
Even including the Dragon Seeking Ruler, produced in a major eastern country, used to find treasures like prospecting for gold, with one layer of bind being one layer of barrier, available on Amazon for just $9.9, including shipping.
For most people, this device is akin to finding a gold mine, focusing on metaphysics and luck. Once encountered, it's like changing fate against the heavens! But for the General Sect Leader, it was already a certain fact.
He needed to consider how to secure this family business and maximize the oil benefits.
Immediately, he directed the Beggar Gang Disciples to start drilling on the spot.
After preparing for the preliminary work, the Beggar Gang Disciples initiated the drilling rig at the location specified by Allen Zhang, starting to drill on the spot, accompanied by a buzzing vibration sound, the alloy steel drill bit fiercely penetrated the ground, dirt flying all around.