Mines receives $500,000 for lab

Gargi Chakrabarty

Published September 20, 2008 at 12:05 a.m.

Text size  

• 1 Comment
• Email
• Print

The Colorado School of Mines Foundation on Friday received a $500,000 gift from Oklahoma City-based Devon Energy Corp. to fund a laboratory in a new petroleum engineering building planned for the school's campus in Golden.

Students at the Devon Energy Drilling Fluids Laboratory will conduct oil and natural gas drilling research.

• September 20, 2008

  7:43 a.m.

  Suggest removal

  Matagorda writes:

  A comment from someone who knows about University grants - this $500,000 is placed into an investment account (like all grants) - then the Department receives the interest every year from the $$ - it is normally 5% interest.

  So CSM gets $25,000 a year from this (every year) - and they may not even get that the first year.

  Gonna be a small building!

Featured

• Denver turns 150

  

  Read about the city's history, look at old photos and see a list of influential Denverites.

• Mount Crushmore

  

  Which four Broncos greats should be immortalized on Mount Crushmore? Vote here.

• Winter Escapes

  

  Your insider’s guide to the copious joys of the coolest season.

• Rocky Multimedia

  

  The news comes alive in our videos and slide shows. Catch up on what's happening today.

• Weekend plans?

  

  Figure out things to do this weekend with the help of our entertainment calendar.

• Bronco Dean's rant

  

  Listen to Bronco Dean's pregame rant on the Raiders.

• Season To Share

  

  The Post-News Season To Share campaign provides grants to area nonprofits.

• The Rocky @ 150 Years

  

  The Rocky was there when Colorado became a state in 1876. Read our coverage.

• A Dozen on Denver

  

  And the winner is... Robert Ziegler! See the whole fiction series by clicking here.