© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Yantai Xinchao to Acquire Texas Oil Fields for $1.3 Billion
Posted 27th October 2015

Yantai Xinchao to Acquire Texas Oil Fields for $1.3 Billion

With China's increased interest and investment in the energy, Yantai Xinchao plan to purchase giant oil fields in Texas.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Yantai Xinchao to Acquire Texas Oil Fields for $1.3 Billion

Yantai Xinchao to Acquire Texas Oil Fields for $1.3 Billion

Image

The transaction has already been approved by the U.S. Treasury’s Committee on ForeignInvestment , it added.

 With China’s increased interest and investment in the energy, Yantai Xinchao plan to purchase giant oil fields in Texas. 

The particular oil fields in question will be purchased form Tall City Exploration LLC as well as Plymouth Petroleum LLC, Xincaho said. The transaction has also been approved by the US Treasur’s Committe on Foreign Investment.  

 

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
Industrial Businesses: Lowering Costs To Better Your Bottom Line
Finance
27/09/2022Industrial Businesses: Lowering Costs To Better Your Bottom Line

Starting up and maintaining your industrial business to be profitable is a challenge. The start up costs are some of the highest for any industry, with the highest costs associated with purchasing and maintaining equipment. 

Read Full PostRead - Eye Icon
AI and Humans, the Superheroes of Today
Innovation
02/01/2024AI and Humans, the Superheroes of Today

Businesses need to change the perception of AI from being the ‘villain’ to the invisible superhero that will augment employees’ roles and create more jobs. McKinsey Global Institute estimates that as early as 2030 AI could contribute to the creation of 2

Read Full PostRead - Eye Icon
PatentAxis Inc. ‘Best Patent Services Firm – Canada’
Finance
12/06/2015PatentAxis Inc. ‘Best Patent Services Firm – Canada’

PatentAxis Inc. is a Canadian patent services firm located in downtown Toronto, Ontario, Canada.

Read Full PostRead - Eye Icon
XPO Logistics to Acquire Bridge Terminal Transport
M&A
21/05/2015XPO Logistics to Acquire Bridge Terminal Transport

XPO Logistics to Acquire Bridge Terminal Transport

Read Full PostRead - Eye Icon
Considerations in Preparing for the Sale of a Privately Held Business
Strategy
19/11/2015Considerations in Preparing for the Sale of a Privately Held Business

Carl D. Roston, M&A and Private Equity Practice Co-Chair, Akerman LLP talks us through the best means to structure a business for sale.

Read Full PostRead - Eye Icon
The necessary requirements when starting your own business
Innovation
29/01/2019The necessary requirements when starting your own business

When setting up your own business, it’s easy to become overwhelmed by all of the planning. It’s also easy to forget things now and again, after all, there is a long list of work to do before you can get started. To ensure that you have all of your bases co

Read Full PostRead - Eye Icon
How Much Are the UK’s Natural Resources Worth?
Finance
23/03/2015How Much Are the UK’s Natural Resources Worth?

The value of the UK's lakes, reservoirs, marshes, bogs, canals and rivers has risen by more than a quarter in five years according to the first ever analysis of freshwater ecosystems from the Office for National Statistics (ONS).

Read Full PostRead - Eye Icon
The Best Business Acquisition Strategies to Help You Achieve Success
News
30/09/2022The Best Business Acquisition Strategies to Help You Achieve Success

‍There are a number of different strategies that businesses can use to acquire other businesses. However, the best strategy for a particular business will depend on a number of factors, including the size and financial condition of the target business,

Read Full PostRead - Eye Icon
Bigadvantage: Leadership and Innovation in Management Consultancy and Training
News
24/03/2025Bigadvantage: Leadership and Innovation in Management Consultancy and Training

Bigadvantage is currently an essential reference in the management consultancy and training sector in Portugal.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow