OFFICE OF GOVERNOR MATT MEAD
Cheyenne, WY 82002
Ph. (307) 777-7437
June 5, 2014
******FOR IMMEDIATE RELEASE******
CHEYENNE, Wyo. – Greg Hill, president and chief operating officer of Hess Corporation, joined Governor Matt Mead and University of Wyoming President Dick McGinity to announce Hess’s second $5 million commitment to UW in the past two years. Hess is now the largest corporate partner in UW’s history.
“Hess Corporation has been generous in its commitment of time, expertise and money. We appreciate its investment in Wyoming’s future. The University of Wyoming has a specific plan with Hess and the other corporate partners to support the energy industry through innovation and research. Hess builds on great work already underway at UW,” Governor Mead said.
Hess’ monetary commitments to UW - gifts and research - total $10 million. These contributions have allowed UW to leverage an additional $8.7 million in state matching funds. UW has met its goal of $15 million in contributions to build the High Bay Research Facility. UW has corporate partnerships with Arch Coal, Baker Hughes, ExxonMobil, Halliburton, Hess, Marathon, Shell, and Ultra Petroleum.
The 2014 Legislature and Governor Mead set aside $10.5 million to match investments in technology and equipment for the High Bay Research Facility. A portion of Hess’s commitment - $2.3 million - will be directed to these projects.