Texas Tech University announced a $1 million gift from Anadarko Petroleum Corporation (NYSE: APC) that will be used to create the Anadarko Unconventional Technology Center in the new Petroleum Engineering Research Building on the Texas Tech campus.
“I am pleased that the vision of Anadarko and our vision for educating engineering leaders in energy are so well aligned,” said Al Sacco Jr., dean of the Whitacre College of Engineering. “The Anadarko Unconventional Technology Center will allow us to explore new, more environmentally friendly and cost effective ways to create energy for our state and our nation.”
The Anadarko Unconventional Technology Center will be a high-profile laboratory focused on unconventional natural gas and oil operations. These recovery techniques have increased the industry efficiency of recovering oil and natural gas and have also proven to be environmentally friendly. This center will differentiate Texas Tech petroleum engineers by taking a systems approach to discovery, characterization, development and evaluation of unconventional resources through the integration of seismic, drilling, characterization, fracturing, development and environmental assessments.
“Supporting higher education has long been a priority for Anadarko,” said Brad Holly, Anadarko vice president, Rockies Operations and a graduate of the Texas Tech Petroleum Engineering Department. “The recent revival in unconventional oil and natural gas development has provided the U.S. with an opportunity to significantly enhance its energy security and global influence, and the Anadarko Unconventional Technology Center will help ensure graduating students receive the highest level of instruction, maximizing their post-graduation opportunities in this important and growing industry.”
Anadarko Petroleum Corporation is among the world’s largest independent oil and natural gas exploration and production companies with approximately 5,700 employees and operations in more than 15 countries. The company’s mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world’s health and welfare. For more information about Anadarko, please visit www.anadarko.com or www.facebook.com/anadarkopetroleumcorporation.
“Texas Tech University is truly grateful for the generosity of Anadarko Petroleum Corporation,” said Chancellor Kent Hance. “The $1 million gift will be matched with $500,000 in state funds from the Texas Research Incentive Program, creating countless opportunities for research in our petroleum engineering program. We look forward to the Anadarko Unconventional Technology Center in the new Petroleum Engineering Research Building on campus and the exciting classroom experience it will bring to our students.”