Chesapeake Energy gives to business, engineering students & high school students

Thursday, September 9, 2010

HUNTINGTON, W.Va. – Chesapeake Energy Corporation today announced a gift of $200,000 to the Marshall University Foundation, Inc., in support of scholarships for Marshall University business and engineering students, and a summer academy for high school students interested in pursuing a career in engineering.

The gift, to be distributed over a five-year period, was announced on the Huntington campus during a news conference at the MU Foundation Hall, Home of the Erickson Alumni Center.

Maribeth Anderson, Director of Corporate Development with Chesapeake Energy, said $15,000 per year will go to scholarships — $7,500 each to students in Marshall’s Lewis College of Business and the College of Information Technology and Engineering, and $25,000 per year for the annual Exploring Engineering: Academy of Excellence (EEAE) held on the Huntington campus each summer.

“This latest generous gift from Chesapeake Energy is further evidence of their steadfast support for Marshall University students and high school students considering careers in engineering and business,” said MU President Stephen J. Kopp. “We are grateful to Chesapeake Energy for their leadership and commitment to strengthening and expanding college education opportunities for students pursuing careers in these high demand fields.”

Anderson stressed the importance of the company’s support of Marshall University and higher education in general.

“The partnership with Marshall University is important as we continue to build a workforce prepared for the exploration and production of natural gas in West Virginia and throughout the Marcellus Shale,” Anderson said. “Additionally, Chesapeake has a long tradition of philanthropic outreach in the communities in which we operate, and support of higher education is a key component of our culture.”

Chesapeake Energy Corporation is the second-largest producer of natural gas and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company’s operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Eagle Ford, Granite Wash and various other unconventional oil plays. The company has also vertically integrated its operations and owns substantial midstream, compression, drilling and oilfield service assets.

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