The Bundy Ranch situation has now blown open the China Land swap deals being orchestrated by the Obama Administration and Harry Reid.
The Bundy Ranch standoff shined a light on Harry Reid’s close relationship with Chinese billionaire Wang Yusuo, head of ENN Energy–the Chinese energy giant that wants to build a massive $5 billion solar energy farm near the Bundy Ranch.
But this is just the tip of the iceberg of a communist Chinese land-buying frenzy.
In October 2009, Chinese energy giant China Offshore Oil Corporation bought a staggering 600,000 acres of Texas oil and gas fields.
China Offshore Oil Corporation, joined by another Chinese energy giant, Sinopac Corporation, then went on to buy over a million acres of U.S. land over seven states for pennies on the dollar.
Here’s a list of the assets, by state, that China’s energy giants have bought reported by the Wall Street Journal:
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.
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