2008 Endowment Report - The Anadarko Resource Recovery Program |
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Anadarko is shoring up the future of energy, which is critical to the state, the region, and beyond. As reported by the U.S. Department of Labor, the average age of workers in the energy industry is 50, with up to half retiring in the next 5-10 years. Anadarko’s support of UW’s School of Energy Resources, College of Engineering and Applied Sciences, and the Departments of Geology and Geophysics and of Chemistry is helping to create the workforce of tomorrow.
Anadarko is contributing $1.5 million to a UW endowment that will support the Anadarko Resource Recovery Program, which will facilitate a concerted long-term set of education and research activities. The State of Wyoming is matching Anadarko’s contribution, for a total endowment of $3M. Such activities include undergraduate internships and graduate and faculty fellowships that explore technological advances in energy resource recovery, including Enhanced Oil Recovery and carbon sequestration, and in conserving natural resources.
"Wyoming is certainly a key focus of our company,” says Bobby Reeves, Anadarko’s Senior Vice President, General Counsel, and Chief Administrative Officer. “To put it in perspective, we have more than 700 employees in the state, and Wyoming provides enough energy per day to supply 3.5 million average American homes.”
“The College of Engineering and Applied Science is pleased to partner with Anadarko to promote cooperation on the critical energy issues of oil and gas development,” says Rob Ettema, Dean. “Anadarko’s understanding of the value and support for faculty fellowships and student internships enables the college to better coordinate with industry to provide research collaboration and a well-equipped work force for the energy industry.”
Anadarko Petroleum Corporation is among the largest independent oil and natural gas exploration and production companies in the world, and one of their goals is to balance energy development with protection of the environment. Anadarko works with the Bureau of Land Management and the Wyoming Game and Fish Department to proactively support wildlife and conservation issues, such as studying the migration patterns of big game, monitoring sage grouse, and water conservation.
"Anadarko’s gift, designed to fund an endowment in energy resource recovery, will provide a tremendous boost to undergraduates, graduate students, and young faculty members who have focused their career aspirations in energy-related fields,” says Mark Northam, Dean of the School of Energy Resources. “And it will help attract the most talented students and teachers to contribute to UW’s energy programs.”
“We were looking for a way to enhance our involvement in Wyoming,” says Bobby Reeves. “It’s not just about oil and gas development. It’s also about partnering together so that more money is invested in the future.”
Photo:
Ben Blalock (CEO/President of the UW Foundation), John Christensen (Manager of External Communication, Anadarko), Jim Kleckner (Vice President of Operations for the Rocky Mountain Region, Anadarko), Governor Dave Freudenthal, Mark Northam (Director of the School of Energy Resources), First Lady Nancy Freudenthal, Tom Buchanan (UW President), Rick Robitaille (Manager of Government Relations, Anadarko), and Max Northam (Mark Northam’s son).
Posted on Wednesday, May 20, 2009
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