Apache Corporation gives 2 million for Texas Tech petroleum engineering research
Nov 16, 2012 (Menafn - Lubbock Avalanche-Journal - McClatchy-Tribune Information Services via COMTEX) --Officials at Texas Tech University and Apache Corporation announced this morning a 2 million donation to the university's Whitacre College of Engineering that will establish the Apache Upstream Research Center in the future Petroleum Engineering Research building.
Apache's gift is eligible for an additional 2 million of matching funds from the Texas Research Incentive Program, created by the state of Texas. Once matching dollars are received, they will fund equipment purchases and research projects.
The 20 million building will house 40,000 square feet of classroom and research facilities.
Funding for the building was provided entirely through donor support during the Texas Tech University System's 1 billion campaign, Vision and Tradition: The Campaign for Texas Tech.
Vice Chancellor for Institutional Advancement for the Tech System Kelly Overley said 1 million to 2 million is needed to complete the Petroleum Engineering Research building. The Apache Corporation gift brings the campaign total to about 957 million.
Apache Corporation is a Houston-based oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina.
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