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Marathon Oil Pledges $1 Million To University Of Wyoming

Oil Field

04/04/12 10:44 AM ET  AP

LARAMIE, Wyo. -- Marathon Oil Corp. has announced a $1 million donation to the University of Wyoming for energy related academic and research programs.

The state will match the gift with $1 million of its own to bring the total contribution to $2 million.

The money will support research into the extraction of energy resources from unconventional energy reservoirs.

Marathon is based in Houston and has been operating in Wyoming for 100 years.

In a ceremony Tuesday on the UW campus in Laramie, Gov. Matt Mead thanked the company for its investment in the state.

UW President Tom Buchanan says Marathon's gift continues a tradition of collaboration between industry and university research to equip UW students with the state-of-the-art know-how required to solve the energy challenges facing Wyoming and the world.

Correction: A previous iteration of this story incorrectly listed the beneficiary of the this donation as the University of Wisconsin. We regret the error.
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Filed by Rebecca Harrington  |