Supported / Created by IOGA WV Provide factual information Debunk false information In-depth look into the natural gas industry.

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Presentation transcript:

Supported / Created by IOGA WV Provide factual information Debunk false information In-depth look into the natural gas industry

Why Create Just Beneath the Surface? Unified voice for the industry Work together with individuals, businesses and government leaders Provide information to allow the public to create informed opinions of the industry

Natural Gas in West Virginia 53 of West Virginia’s 55 counties have natural gas operations Industry paid severance taxes of more than $71 million last year Industry paid property taxes of nearly $106 million last year All 55 West Virginia counties benefit from industry taxes

Natural Gas in West Virginia $771 million in new capital investment last year 35,000 West Virginia jobs are made possible by the industry $757 million in yearly salaries paid Average industry wage is nearly $60,000 Estimated 7,000 new jobs due to Marcellus Shale development

Vertical Drilling

Horizontal Drilling +/- 3,000–4,000 ft of horizontal drilling length

The Benefits of Horizontal Drilling A smaller number of vertical well sites are needed to develop a reservoir Multiple horizontal wells can be drilled from a single site, reducing the environmental footprint Some environmental areas that are protected from drilling can be accessed using horizontal drilling without harming what’s above Production of previously untapped resources keeps utility costs low

Hydraulic Fracturing Technology used to stimulate the flow of energy from new and existing oil and gas wells First commercially employed in 1948 The well is lined with cemented steel casing Pure water makes up 99.5 percent of the fluid mixture There has never been a documented instance of water contamination caused by hydraulic fracturing

Water Usage By Industry

Homegrown Energy Source Natural gas serves 65 million homes, 5 million businesses, 207,000 factories and 1,800 electric generating units Estimated to be over 2,000 trillion cubic feet nationally This will meet current U.S. consumption for another 100 years West Virginia has over 100 trillion cubic feet of available natural gas

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