Southwestern Energy Company and Executive Chairman Harold Korell pledge $2.5M to Mines
GOLDEN, Colo., May 29, 2009 – Southwestern Energy Company (NYSE: SWN) along with Mr. and Mrs. Harold M. Korell have pledged a total of $2.5 million to support a new petroleum engineering building at Colorado School of Mines.
The combined pledges bring the school to within $500,000 of its fundraising goal for Marquez Hall, a $25 million interdisciplinary teaching and research facility that will house Mines’ petroleum engineering department.
Southwestern Energy Company has made a $1.25 million commitment in honor of Mr. Korell, the company’s former chief executive officer and current executive chairman of the board and a 1968 graduate of Colorado School of Mines. Mr. Korell and his wife Patricia have pledged to match the company’s contribution with their own $1.25 million gift.
“The generous gifts that Southwestern Energy and Harold and Pat Korell have pledged toward Marquez Hall will help us to extend our leadership in energy education and research,” said Mines President Bill Scoggins. “Such support from corporate and alumni partners is critical to creating the campus infrastructure we need to keep our students and faculty at the forefront of innovation.”
“We have been so fortunate, both as a family and as a company, and it is a real pleasure to give back to an institution that not only helped me along the way, but is one of the finest schools in the country when it comes to educating our young people about energy,” stated Harold M. Korell.
Southwestern Energy Company is an independent energy company whose wholly-owned subsidiaries are engaged in natural gas and crude oil exploration and production, natural gas gathering and marketing. Additional information on the company can be found on the internet at www.swn.com
Founded in 1874, Colorado School of Mines was established to serve the needs of the local mining industry. Today, the school has an international reputation for excellence in both engineering education and the applied sciences with special expertise in the development and stewardship of the Earth's resources. For more information about Colorado School of Mines, visit www.mines.edu
Contact: Karen Gilbert, 303-273-3541