Charleston, WV (PRWEB) January 31, 2014
Gov. Earl Ray Tomblin today released the West Virginia Edge Business Report. The report documents the state’s economic progress. The January 2014 report highlights projects and related announcements from businesses both large and small that will assist with the creation of new jobs and the preservation of existing jobs.
West Virginia ranks among top 10 gas producing states, says federal report
West Virginia ranks among the country’s top 10 natural gas producing states. From 2011 to 2012, West Virginia boosted its natural gas production by 146 billion cubic feet (Bcf) of additional marketed gas, according to a report from the U.S. Energy Information Administration. The 37 percent increase bumped the state from 11th to the top 10 in 2012.
Energy companies announce natural gas activities
Energy companies report activities in natural gas, especially related to Marcellus Shale formations.
Dominion has contracted to deliver 500 million cubic feet per day of natural gas produced in West Virginia to Ohio. The gas will be drilled primarily from sites in West Virginia’s Lewis, Harrison, Gilmer and Ritchie counties. Dominion also reached agreements with two natural gas producers to lease approximately 100,000 acres of Marcellus Shale rights in West Virginia.
Noble Energy announced it expects capital spending to rise to $4.8 billion, an increase of 23 percent, in 2014. A portion of that budget will be spent on the wet gas area of the Marcellus Shale. Sales volumes from the company’s Marcellus Shale operations in southwest Pennsylvania and northwest West Virginia are expected to nearly double.
IBEX Global hiring 250 for positions in Charleston
IBEX Global is hiring 250 people for its business process outsourcing center in Charleston. An expanded contract with an existing client generated the need for increased staffing in IT technology support, according to the company. Training will be provided. For more information or to apply, visit http://ibexglobal.com/. IBEX Global currently employs 827 workers in its centers in Beckley, Charleston and Elkins.
WVEDA approves $16.5 million in loans for two businesses
The West Virginia Economic Development Authority (WVEDA) approved new loans totaling $16,507,300 for two companies during its December 2013 meeting:
The West Virginia Development Office (WVDO) is scheduled to exhibit in several trade shows to promote state industries.
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The West Virginia Edge business reports are available online at http://newsletters.wvcommerce.org/newsletters/344/default.aspx
FOR IMMEDIATE RELEASE: Jan. 30, 2014
CONTACT: Amy Goodwin, 304-558-4977, Catherine Zacchi, 304-957-9340