All CATEGORIES
☰ Menu
Ohio Utica Shale

Chinese firm in shale joint venture in southwest Pennsylvania

By Bob Downing Published: January 9, 2014

From Colorado-based Energy Corp. of America:

Denver-Based Oil and Natural Gas Producer to Drill 25 Wells with Chinese Energy Company Over the Next 18 Months.

Denver, Colo. – Officials with Energy Corporation of America (ECA) and China Shenhua Energy Company subsidiary Shenhua America Holdings Corporation (Shenhua) today announced that the two companies have entered into a 50/50 joint venture to develop 25 natural gas wells in Greene County, PA over the next 18 months.

Founded in 1963, ECA actively pursues the exploration, extraction, production and transportation of natural gas and oil, both in the United States and around the world.

Shenhua is a Chinese state-owned enterprise and the largest coal company in the world.

According to ECA CEO John Mork, Shenhua will contribute the first $90 million towards drilling the wells and ECA will be the operator of the properties. Any remaining capital expenditures will be split evenly between the two companies.

Mork said, “It is only fitting for these operations to take place in Greene County. This area of Appalachia has been at the center of ECA’s Marcellus development, as well as a hotbed of Marcellus development.” He continued, “We have an outstanding track record there, an excellent reputation, respect from local community members and leaders, and extensive experience working in the Marcellus. And – we are experts in shale gas development. We are very pleased to be working with Shenhua on this joint venture and this is only the beginning of what, I hope, will be a long, mutually-beneficial working relationship.”

For more information about ECA, visit www.energycorporationofamerica.com. For more information about Shenhua, visit www.csec.com.

.
Print
Add This

SUBSCRIBE VIA RSS

OHIO.COM VIDEOS

See the most recent drilling report and an injection wells map From NewsOutlet.org

Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

Energy In Depth, a trade group.

Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

Shale Sheet Fracking, a Youngstown Vindicator blog.

National Geographic's The Great Shale Rush.

The Ohio Environmental Council, a statewide eco-group based in Columbus.

Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.

Concerned Citizens of Medina County, a grass-roots group.

No Frack Ohio, a Columbus-based grass-roots group.

Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.