West Virginia University’s Department of Geology and Geography in the Eberly College of Arts and Sciences has received a software grant renewal worth $10.2 million from Landmark Software & Services, a brand of Halliburton (NYSE: HAL).
“This in-kind gift supports important work in the energy field that WVU is aggressively undertaking as part of our Advanced Energy Initiative,” Curt M. Peterson, vice president of Research and Economic Development said. “Research and development at the university level is a critical component of energy solutions for our country and the world. Partnerships like this make sense for WVU and for industry that will hire our well-trained graduates.”
Landmark is a leading supplier of software to the oil and gas industry. The company’s software solutions contribute significantly to the potential for sophisticated energy research and education in the Department of Geology and Geography. Professor of geology and principal investigator on the grant, Tom Wilson, said the grant is critical to the department’s energy-related research and teaching missions.
“The retail value of this software is $40 million,” he said. “It would be impossible for academia to keep up with the rapid advances in processing and computer-assisted interpretation without industry support. Halliburton’s repeated commitment to our research and teaching programs have played a key role in helping us maintain our long-term commitment to students to provide challenging and timely training in the energy sciences.”
Wilson reports that efforts to foster industry involvement in geophysical research and teaching missions extend over the past 25 years.
Landmark Software and Services Vice President Gene Minnich underscored the company’s commitment to partnership with higher education.
“Landmark is pleased to provide its suite of industry leading petrotechnical software to West Virginia University in order to enhance the training of geologists and geophysicists,” Minnich said. “Our DecisionSpace software platform provides a foundation for learning as well as innovation for the University, its students and researchers. We are proud of our partnership with West Virginia University and support of their future energy professionals.”
This recent gift follows a previous in-kind gift of software in 2010, which totaled $11.8 million.
Landmark is the leading supplier of software and services for the upstream oil and gas industry. The company’s software solutions span exploration, production, drilling, business-decision analysis and data management. Landmark offers a broad range of consulting, services and infrastructure technologies that enable customers to optimize their technical, business and decision processes.
Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With more than 64,000 employees in approximately 80 countries, the company serves the upstream oil and gas industry throughout the life cycle of the reservoir. This includes locating hydrocarbons and managing geological data, drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.
The gift-in-kind was made through the WVU Foundation, a private non-profit corporation that generates and provides support for West Virginia University and its non-profit affiliates.
For more information, contact Tom Wilson at 304-293-6431, or at Tom.Wilson@mail.wvu.edu.
CONTACT: Rebecca Herod, Marketing and Communications Coordinator
304-293-7405, ext. 5251, Rebecca.Herod@mail.wvu.edu
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