Oklahoma Energy Resources Board and OU collaborate to provide over $250,000 in scholarships

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The people of Oklahoma Oil & Natural Gas are making a major investment in the next generation of energy innovators at the University of Oklahoma helping award more than $134,000 in scholarships to 28 students studying petroleum engineering or geology at the University of Oklahoma.

The Oklahoma Energy Resources Board of OERB announced the $134,250 in schools to the dozens of students at the Mewbourne College of Earth and Energy or energy management at the Price College of Business. But in reality, the amount totaled $258,500 because for the first time ever, OU matched a significant part of the scholarships.

“The University of Oklahoma takes pride in our top-ranked energy research and education programs, and we strive to make this premier education affordable to all,” said J. Mike Stice, dean of the Mewbourne College of Earth and Energy. “It was because of the scholarship endowments from our generous donors that we were able to match funding from OERB.”

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This investment from OERB and OU helps students who will go on find new ways to produce the resources that fuel our modern life. “When higher education and the energy industry collaborate, students directly benefit,” said Stice.

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“Our scholarships are only possible through the voluntary financial support of Oklahoma’s oil and natural gas producers and royalty owners,” said Mindy Stitt, OERB executive director. “Education is a core part of the OERB’s mission, and we remain committed to investing in the future of our industry. We are so pleased that the University of Oklahoma has generously matched our scholarships, reaching even more deserving students.”

Since 2005, the people of Oklahoma Oil & Natural Gas have provided nearly $5 million in scholarships. Through the scholarship program, students studying petroleum-related fields can apply for each year of undergraduate work and are eligible for up to $7,500.

Source: OERB press release