Energy

 

Abundant Advantage

Vast natural gas reserves have been discovered in the Marcellus, Rogersville and Utica shale formations beneath West Virginia. The abundant supply presents tremendous opportunities to shift the cost structure of energy, revitalize the chemical/polymer industry and stimulate downstream manufacturing. A long history of energy production creates familiarity with the industry within many of our communities. The convenient location makes it ideal for companies seeking close proximity to natural gas storage fields, gathering and transmission lines. West Virginia was one of the first states in the region to establish a drilling regulatory framework, setting clear rules to protect the interests of the environment, landowners and industry.

 

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Energy Industry Leaders in West Virginia

 

Strategic Location

West Virginia is within eight hours of half of the U.S. population and a third of the Canadian market.

 

World-class workforce with turnover rate
below national average and tied for
3rd-lowest for manufacturing.

Pro-business tax-climate with no new
business taxes in the last 20 years.
Business franchise tax eliminated in 2015.

Fiscally responsible state government with
Fitch credit rating AA+ for general debt
obligation and overall stable outlook

Low cost of living 14% lower than
national average with safe communities
and unparalleled outdoor
recreation opportunities

Electricity rates more than 33% lower
than the national average

Employers have saved more than
$280 million since the state privatized the
Worker's Compensation fund in 2006

Cost of doing business 14% below the
national average

 

Stable Regulatory Environment

West Virginia was one of the first states in the region to establish a drilling regulatory framework, setting clear rules to protect the interests of the environment, landowners and industry.

 

Growing Infrastructure

West Virginia in the midst of hundreds of miles of new and expanding gathering and interstate pipeline projects. The new infrastructure will transport natural gas to customers and industry. West Virginia contains 30 underground natural gas storage fields in close proximity to northeastern markets, making the state well positioned as a supplier to the region during the peak demand winter months.

 

 

 

Training & Education

Our educational and vocational institutions partner with industry to offer customized training programs as well as industry-specific custom technical and knowledge upgrade training.

 

Proximity to Resources

West Virginia is located in the heart of the Marcellus, Utica and Rogersville shale plays. A long history of energy production creates familiarity with the industry within many communities. The convenient location makes it ideal for companies seeking close proximity to storage fields, gathering and transmission lines. West Virginia is the regional headquarters for Energy Corporation of America and Antero Resources.

 

Qualified Workforce

West Virginia's skilled industry employees possess the training and knowledge required by natural gas exploration, production and transportation companies located in the heart of the Appalachia Basin.

 

Research & Technology

Uncommon capabilities can be found at groups such as Mid-Atlantic Technology, Research and Innovation Center (MATRIC); and the Robert C. Byrd Institute for Advanced Flexible Manufacturing (RCBI), which includes the nationally-certified RCBI Machinist Technology Program. The RCBI Machinist Technology program meets standards set by the National Institute for Metalworking Skills (NIMS). These skills combined with many technical programs and partnerships help build a ready workforce.

 

Transportation

West Virginia is connected to the East Coast and Continental United States by highways, railways and navigable waterways. The new Heartland Intermodal Gateway provides clearance for double-stack rail cars from Roanoke, Virginia, through southern West Virginia to Chicago.

 

Employer-friendly Business Climate

Thanks to aggressive pro-business legislation, we offer some of the lowest worker's compensation rates in the country.