Hess Corporation President Greg Hill joined Gov. Matt Mead at The University of Wyoming Thursday to announce the company’s plan to donate $4.3 million more to help build UW’s new energy and engineering research complex.
Hess has now committed a total of $10 million to the university, $8.7 million of which will be matched by state funds.
The gifts support the High Bay Research Facility, which will be used for large-scale experiments and research aimed at tapping ‘unconventional reservoirs.’
The University of Wyoming School of Energy Resources is working to forge a relationship with Saudi Arabia’s national oil and gas company, Saudi Aramco, and King Fahd University of Petroleum and Minerals. Saudi Aramco is the biggest oil and gas company in the world and invests heavily in research and development. SER Director, Mark Northam, just returned from a trip to Saudi Arabia. He says Wyoming and Saudi Arabia face similar challenges when it comes to unconventional reservoirs and water shortages, and he says they would both benefit by sharing their resources.
University of Wyoming just initiated a new program out of its burgeoning School of Energy Resources. The professional land management concentration will train landmen. Those are people who look for untapped oil and gas and other resources and negotiate contracts between their owners and companies that want to develop them. Wyoming Public Radio’s Irina Zhorov reports that the program is just in time.
The University of Wyoming School of Energy Resources is getting $4.4 million from the Hess Corporation to help fund a program that will investigate the flow of oil and gas through tight shale and sandstone. It’s part of a UW effort to research unconventional oil and gas reservoirs through the Center for Advanced Oil and Gas technologies. The Hess donation will specifically go towards the Nano Resolution Imaging Laboratory. State matching funds make it a gift of nearly $9 million. Governor Matt Mead says the gifts will lead to creative ways to improve energy development in Wyoming.