Sabine Oil and Gas Corp fka SOGCQ

[DocLevi]

This area is where they found major oil below very hard deep rock. They were able to drill through that rock only by fracking the rock with chemicals in a very expensive drill. It was thought that oil had to be above $85/barrel in order to develop the area. (its just off the Midland Basin http://www.caddominerals.com/sell-oil-gas-mineral-rights-permian-basin-texas.aspx (see just to the East).

So does China not know about the movement in the USA to end chemical fracturing or (an and/or, or) they must think oil prices are about to explode back into the triple digits....

Also, during this time deep drilling just north of Synder Texas was causing earthquakes (maybe similar to Oklahoma's fracking quakes and Dallas/Fort Worth) which is in NE of this Big Spring (city) area counties that China invested in.

4'ish years ago they (Chinese) heavily invested in a deal with Chesapeake ($CHK) with some odd billion dollars (like 3 if memory isn't blurred) for Eagleford play.