Japanese Oil Company Invests $1.4 Billion In Pennsylvania Marcellus Shale Play

Mitsui & Co., Ltd tonight announced it was investing $1.4 billion in the development and production of Marcellus Shale 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 least 715,000 acres with Marcellus Shale reserves, according to the Journal. NewsClip: Anadarko In $1.4 Billion Marcellus Shale Deal With Mitsui