Cheyenne, WY (KGWN) - Lawmakers joined Governor Mead along with Halliburton CEO Dan Lesars at the Capital building this morning to make the announcement that Halliburton is giving 3 million dollars to the University of Wyoming. 2 million will be going towards construction of the UW High Bay Research Facility which will allow the university to conduct larger experiments regarding energy production, while another 1 million will go towards a research agreement between UW and Halliburton.
The state of Wyoming will match the funds given by Halliburton, but even with matching funds, the project is still 2 million dollars short of its 15 million dollar goal. Construction on the facility is expected to be finished by 2016.
Governor Mead is very excited about the donation saying, "It's a great way to say, are we on the right track? Because industry will not invest if they think, 'Hey, it's a nice idea'. They'll only invest if they think its a good idea, that in fact, it will provide them, and the company and their customers a return on the investment."
Halliburton CEO Dan Lesars said, "We believe that the UW High Bay Research Facility will enable academic excellence and provide students with the necessary education to help find solutions for global energy demands."