Chinese coal company to finance $90 million in ECA natural gas wells in Greene County

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Denver-based Energy Corporation of America has signed a joint venture agreement with Shenhua America Holdings Corp. a subsidiary of China’s largest coal company, to develop 25 natural gas wells in Greene County in the next year and a half.

Shenhua will contribute the first $90 million for ECA to drill the wells, and future expenses will be split evenly between the two partners.


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