Valleyview's economy primarily resource driven with oil and gas being the predominate industry. The multiple oil and gas companies operate in the area with several pipelines in the vicinity. Tervita began in Valleyview as Concord Well Servicing in 1979, founded by David Werklund and Gordon Vivian, and still has operations in the area. Pembina Pipeline has an office in Valleyview and operates a terminal facility south of town along with managing other assets in the area. The industry also supports a variety of well service companies and related businesses.