Harold Hamm, the man who was instrumental in getting western North Dakota's latest oil boom started has donated 10-million dollars to UND.
The State kicked in another 4-million dollars to start a new school at UND… "The Harold Hamm School of Geology and Geological Engineering".
Hamm and Continental Resources get a lot of credit for starting the latest oil boom
Now, Hamm gets the credit for starting a new school with his ten-million dollar donation to train petroleum engineers.
Harold Hamm, Continental Resources: "Means so much to the future of North Dakota and doing the job we have to do for America."
Hesham El-Rewini, UND ENGINEERING: "In addition to the Petroleum Department of Engineering, we expect to graduate about 50 petroleum-geologist engineers a year, within 2 to 3 years."
Hamm says there's an estimated 900-billion barrels of oil in the Bakken Reserve and they're only getting 3-percent of it. He's betting a new generation of petroleum engineers can unleash much more.
Harold Hamm: "So really the situation is… we need a lot of young people doing all the work necessary, where we can double and triple those numbers in the future."
Hamm says he chose UND because of all the help he's received in oil exploration from its core sample library and all the cooperation he's received from the people of North Dakota.
The donation will also be used to start a world class, virtual core sample library at UND. Computer generated images will allow engineers to closely examine the ground, beneath oil fields.
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