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Monday, April 28, 2014

FAYETTEVILLE SHALE SCHOLARSHIP FUND BOARD DONATES $115,000 TO UACCM STUDENTS, CAMPAIGN

Members of the Fayetteville Shale Scholarship Fund Board announced donations totaling $115,000 toward the University of Arkansas Community College at Morrilton GIVE MEANING campaign and scholarships to Petroleum Technology students during an event Thursday, April 17, at UACCM.

FSSF Board Vice-President Jon Swann, right, along with past President and
current Board Member Donnie Bates, from left, present University of
Arkansas System President Dr. Donald Bobbitt and UACCM Chancellor
Dr. Larry Davis a $115,000 donation from the FSSF Board.
FSSF Board Vice President Jon Swann announced at the event that the Board would donate $57,500 in scholarships to students in UACCM’s Petroleum Technology program as well as an additional $57,500 to the campaign.

The Fayetteville Shale Scholarship Fund is a non-profit organization made up of member companies who work in the state’s natural gas industry. The group hosts several fundraisers throughout the year to raise scholarship funds for students seeking careers in the state’s oil and natural gas industry.

This contribution from the FSSF Board brings the total donation amount to $755,000 since the fund began in 2006, providing 470 scholarships to students studying the Petroleum Technology program at UACCM. Scholarships support student expenses including tuition, fees, and books. The UACCM scholarship committee awards scholarships to students based on both academic performance and financial need.

Offering a one-of-a-kind Associate of Applied Science degree program in Arkansas, the petroleum technology degree program at UACCM continues to lead the way to a more knowledgeable and specialized workforce for the local natural gas industry. It is the largest applied technology program at UACCM, offering a curriculum that allows students to explore the industry that continues to be an economic leader in the state. Since 2006, the program’s enrollment has grown from 30 students in its first semester to approximately 108 this year. Nationally, only a handful of schools offer two-year petroleum technology programs that educate students in the fields of drilling, gathering, and field operations.

The cornerstone of UACCM’s capital campaign will be to construct and equip a new Workforce Training Center that will house many of the college’s technical programs.

“We appreciate the Fayetteville Shale Scholarship Fund Board’s continued support of our students and the program,” said UACCM Chancellor Dr. Larry Davis. “This contribution will allow us to provide larger, modern facilities and equipment that are current and relevant in today’s workforce and continue to provide scholarships for our Petroleum Technology students.”

UACCM began offering an Associate of Applied Science degree in Petroleum Technology during the fall 2006 semester. The degree provides education opportunities for individuals who desire to pursue employment opportunities related to oil and gas exploration, production, and development in the Fayetteville Shale play, one of the country’s largest known unconventional reserves of natural gas. The college also offers stop-out points at the levels of certificate of proficiency and technical certificate. The program was established with a three-year pledge of $200,000 from Southwestern Energy Company to UACCM.

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