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Japanese Oil Company Invests $1.4 Billion In Pennsylvania Marcellus Shale Play
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Mitsui & Co., Ltd announced this week it was investing $1.4 billion in the development and production of Marcellus Shale natural gas projects in Pennsylvania through Anadarko Petroleum Corporation.
The Wall Street Journal reported Mitsui is expected to spend between $3 billion and $4 billion over the next decade to develop its portion of the Marcellus Shale project.
Anadarko has leased 715,000 acres with Marcellus Shale reserves, according to the Journal.
NewsClips: Anadarko In $1.4 Billion Marcellus Shale Deal With Mitsui |
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2/19/2010 |
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