December 19, 2012
Pro-industry study: Gas may create 58K W.Va. jobs
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MORGANTOWN, W.Va. -- A pro-industry group said Wednesday that if it's allowed to continue, shale-gas development in West Virginia could support more than 29,000 jobs by 2020, doubling to 58,000 by the year 2035.

The new report issued by the U.S. Chamber of Commerce's Institute for 21st Century Energy says the natural gas industry has already created more than 11,800 direct and indirect jobs in the state and generated about $283 million this year alone in tax revenue.

Those revenues could hit $884 million a year for state and local governments by 2020, the report says. In all, it predicts West Virginia could see more than $25 billion in shale-driven revenues between 2012 and 2035.

The report is the second part of a three-part study co-sponsored by the institute, which launched a campaign to promote gas drilling in July.

The Marcellus Shale field that underlies much of West Virginia is considered to be one of the richest natural gas reserves in the world. The industry is also paying increasing attention to the Utica Shale, even deeper underground.

Steve Roberts, president of the West Virginia Chamber of Commerce, said West Virginia has a "proud history'' of producing energy, and the new report shows the importance of building on the opportunity created by unconventional drilling technologies.

The additional revenue, he argues, could help the state make big investments in education, public safety and infrastructure such as roads and bridges.

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Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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