Wednesday, January 12, 2011

Governor Tomblin Calls For West Virginia To Embrace Marcellus Shale Development, Investment

Governor Earl Ray Tomblin called on the state of West Virginia to "embrace" the economic opportunities that will come from development of the Marcellus Shale. Here are excerpts from the Governor's 2011 State-of-the-State Address:

"West Virginia's economic future lies not only in its continued use of coal as a resource. Lying just a mile below the surface of much of our State is a rock formation called the Marcellus Shale. This formation is rich in natural gas and new technology and techniques have made access possible for the oil and gas industry."

"The development of the Marcellus Shale formation for natural gas production is an economic development opportunity for the State, and we need to embrace it! Billions of dollars of private capital have already been invested in this activity and with it has come many jobs."

"For example, today Dominion announced its intention to build a natural gas processing facility in Natrium, West Virginia. This project will allow for significant development opportunities in West Virginia. And it is not only about the production of natural gas. The development of the Marcellus Shale has the potential to restart the manufacturing industry in West Virginia. It is an opportunity that we simply cannot let go by."