CNNMoney | Chinese company to buy Texas oil fields in $1.3 billion deal CNNMoney A Chinese investment firm is shelling out $1.3 billion to buy giant oil fields in Texas, reflecting growing interest from China in U.S. energy resources. Yantai Xinchao will acquire oil assets in the western Texas Permian Basin that are currently owned ... Chinese Firm Plans $1.3 Billion Purchase Of Texas Oil Lands Chinese investment company to buy Texas oil fields for $1.3B Chinese Property Developer Snaps Up Texas Oil Fields |