Donation Means New Geology School for UND$14 million in new funding will help create a new geology school at the University of North Dakota.
$14 million in new funding will help create a new geology school at the University of North Dakota.
Most of it comes from a major oil company and it's chairman. Continental Resources Company and Chief Executive Harold Hamm are putting ten million towards the project and the other four million is coming from the state. The money will go towards financial aid for students, scholarships, pay for professors, new equipment and advanced laboratories. School officials say the new school will see nearly 50 petroleum geologists and engineers graduate each year. The new school will be called the Harold Hamm School of Geology and Geological Engineering. Hamm and his company are major operators in the Bakken in the Western part of the state. The billionaire visited the university a couple of years ago and says there are several reasons for the partnership. This is the largest gift to UND from someone who is not an alumni. Hamm says he picked UND in part because of the great programs he has seen at the University.