© 2025
In touch with the world ... at home on the High Plains
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Our translator station serving St. Francis and Cheyenne County at 96.3 FM is off the air due to an air conditioning breakdown at its leased transmitter site, making it too hot for HPPR's equipment to operate. We are currently working to fix the situation. We apologize for the loss of service and ask listeners to tune to KZNK at 90.1 FM or listen on line through the player above or HPPR's mobile app.

Chinese Company to Purchase West Texas Land for $1.3 Billion

AFP AFP
/
Getty Images

A Chinese investment company intends to purchase $1.3 billion in oil properties in Western Texas, reports member station KUT. The holding company signed a letter of intent last week to purchase the land through a limited liability partnership.

The Shanghai-listed Yantai Xinchao Industry Co intends to purchase large swaths of Howard and Borden counties, as part of the proposed acquisition of Ningbo Dingliang Huitong Equity Investment Center, according to the Associated Press.

The transaction, worth 8.3 billion yuan, has been approved by the Treasury Department. The oil properties are being purchased from Tall City Exploration LLC and Plymouth Petroleum LLC, according to the Wall Street Journal.