Also Monday, the state Industrial Commission, which oversees North Dakota's oil and natural gas regulation, approved a $4 million contribution to the project from a state oil and gas research fund, which would be paid in $1 million installments over four years.The money will be used to equip the new college with advanced laboratory gear and an image library, boost pay for its faculty members and provide student scholarships. It expects to graduate at least 50 petroleum geologists and engineers each year, according to a commission filing that requested the aid.
Oil Magnate Supporting New UND Oil Geology School
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