Chinese buying Texas oil fields.

Discussion in 'Oilfield Trucking Forum' started by Chinatown, Oct 26, 2015.

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  1. Chinatown

    Chinatown Road Train Member

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    A Chinese listed investment company is expected to buy oil fields in the United States.

    Shandong-based Xinchao Shiye has signed a letter of intent to purchase oil fields in Texas for 8.3 billion yuan, or 1.3 billion U.S. dollars.

    The oil fields are in counties of Howard and Borden, Texas.

    Meanwhile, Xinchao Shiye has inked a deal with Ningbo Dingliang Huitong Equity Investment Center, a limited liability partnership.

    The Center is going to purchase the oil fields from Tall City Exploration and Plymouth Petroleum, two limited liability companies registered in Nevada, through Moss Creek Resources, LLC, the Center's subsidiary.

    Such a transaction has already received approval from the US Committee on Foreign Investment.
     
    Chinatown, Oct 26, 2015
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  2. Cottonmouth85

    Cottonmouth85 Bad Influence

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    They've been selling out to China for awhile. Oklahoma and Nevada too. Chesapeake Energy sold out to them awhile back.
     
    Cottonmouth85, Oct 26, 2015
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  3. bubbavirus

    bubbavirus Medium Load Member

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    I trained with a Chinese driver, passport and everything, he loved that Laredo terminal, any time, any day.
     
    bubbavirus, Oct 26, 2015
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  4. dca

    dca Road Train Member

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    dca, Oct 26, 2015
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    rabbiporkchop Thanks this.
  5. rabbiporkchop

    rabbiporkchop Road Train Member

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    Looks like they'll be able to bring in Chinese workers to work for less money than the locals
     
    rabbiporkchop, Oct 26, 2015
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    Canned Spam Thanks this.
  6. thejackal

    thejackal Road Train Member

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    What's new..greed has made America weak
     
    thejackal, Oct 26, 2015
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    TheFriscoKid, 12 ga and Big Don Thank this.
  7. rabbiporkchop

    rabbiporkchop Road Train Member

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    Subversion at the very top is what has weakened our country. Everything is deliberately orchestrated
     
    rabbiporkchop, Oct 26, 2015
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    White_Knuckle_Newbie Thanks this.
  8. Bakerman

    Bakerman Road Train Member

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    I've heard they own a bunch of hay farms out by Vicksburg, AZ
     
    Bakerman, Oct 26, 2015
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    BentleyB Thanks this.
  9. dog-c

    dog-c Road Train Member

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    United States of China
     
    dog-c, Oct 26, 2015
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    BentleyB, TheFriscoKid, White_Knuckle_Newbie and 1 other person Thank this.
  10. tow614

    tow614 Road Train Member

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    I believe it would be wise to learn the language in the near future.
     
    tow614, Oct 26, 2015
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    bubbavirus and Straight Stacks Thank this.
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