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Chinese join Pennsylvania drilling

on January 07, 2014 10:35 AM

PITTSBURGH (AP) — A Chinese company plans to contribute $90 million to a joint venture to drill for natural gas in Pennsylvania.

Denver-based Energy Corporation of America said in a Monday release that Shenhua America Holdings Corporation will be part of a 50/50 joint venture to develop 25 natural gas wells in Greene County over the next 18 months.

Shenhua is a Chinese state-owned coal company.

Shenhua will contribute the first $90 million for drilling the wells and Energy Corp. will operate of the properties.

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