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China's Footprint in U.S. Oil: A State-by-State List

Pubdate:2012-03-08 11:19 Source:zhanghaiyan Click:

China is gathering oil and gas assets across the U.S., The Wall Street Journal reports today. State-run giants Cnooc and Sinopec are scooping up minority stakes and signing joint-ventures, to the tune of $17 billion in U.S. and Canadian deals since 2010, to feed the energy thirsty nation.


Associated PressHere's a list of the assets, by state, that China's energy giants have bought:


Colorado: Cnooc gained a one-third stake in 800,000 acres in northeast Colorado and southeast Wyoming in a $1.27 billion pact with Chesapeake Energy Corp.


Louisiana: Sinopec has a one-third interest in 265,000 acres in the Tuscaloosa Marine Shale after a broader $2.5-billion deal with Devon Energy.


Michigan: Sinopec gained a one-third interest in 350,000 acres in a larger $2.5 billion deal with Devon Energy.


Ohio: Sinopec acquired a one-third stake in Devon Energy's 235,000 Utica Shale acres in a larger $2.5 billion deal.


Oklahoma: Sinopec has a one-third interest in 215,000 acres in a broader $2.5 billion deal with Devon Energy.


Texas: Cnooc acquired a one-third interest in Chesapeake Energy's 600,000 acres in the Eagle Ford Shale in a $2.16-billion deal.


Wyoming: Cnooc has a one-third stake in 800,000 acres in northeast Colorado and southeast Wyoming after a $1.27 billion pact with Chesapeake Energy. Sinopec gained a one-third interest in Devon Energy's 320,000 acres as part of a larger $2.5 billion deal.


Gulf of Mexico: Cnooc Ltd. separately acquired minority stakes in some of Statoil ASA's leases as well as six of Nexen Inc.'s deep-water wells.