Energy Corporation of America (ECA)

Energy Corporation of America (ECA) and China Shenhua Energy, a subsidiary of Shenhua America Holdings, entered into a 50/50 joint venture to develop 25 natural gas wells in Greene County, Pennsylvania, over 18 months starting 30 December 2013. Shenhua will contribute the first USD 90 million toward drilling the wells and ECA will operate the properties. Remaining capital expenditures will be split evenly between the two companies.