Chinese company in joint venture for Pa. drilling - 21 News Now, More Local News for Youngstown, Ohio -

Chinese company in joint venture for Pa. drilling

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

Denver, Colo. based Energy Corporation of America says 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. That's roughly 75 miles south of Pittsburgh.

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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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