Sep 25, 2012 at 8:49 am
A 14-million dollar infusion of money will be used to create a new program in petroleum geology and related fields at the University of North Dakota. Oil billionaire Harold Hammand his company Continental Resources will donate ten million dollars towards the school that will bear his name: Harold Hamm School of Geology and Geological Engineering. The North Dakota Industrial Commission on Monday approved another four million dollars to complete the funding package. Hamm says North Dakota oil is helping to make north America energy independent. He says the challenge for young engineers is to develop methods for extracting more oil from the Bakken. The new school is expected to graduate as many as 50 petroleum engineers in the coming years.