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CONSOL Energy Establishes Endowed Scholarship in Engineering Technology at Bluefield State College (w/photo)

  • Created
    Monday, August 23 2010
  • Created by
    Jim Nelson/Media Relations - (304) 327-4103 jnelson@bluefieldstate.edu
CONSOL_Gift
CONSOL Energy has established the endowed CONSOL Energy Scholarship in Engineering Technology at Bluefield State College.  Pictured during the news conference announcing the CONSOL Energy Scholarship at BSC are (left to right) Gerald Kowzan (CONSOL Energy Human Resource Manager/Central Appalachia Operations), Karen Harvey (Director/Institutional Advancement and Planning, BSC), Buford Myers (CNX Gas Vice President/Virginia Operations), Dr. Albert Walker (BSC President), Jack Richardson (CONSOL Energy Vice President of Central Appalachia Operations), J. Michael Onifer (CNX Gas Senior Vice President of Established Business Units), and Roger Owensby (Assistant Professor/Department Head, Mining Engineering Technology program, BSC).

CONSOL Energy (NYSE:CNX) and CNX Gas, its wholly owned subsidiary, announced today the establishment of the endowed CONSOL Energy Scholarship in Engineering Technology at Bluefield State College.

“CONSOL Energy and CNX Gas have a long standing relationship with Bluefield State College,” said Jack Richardson, CONSOL Energy vice president of Central Appalachia operations. “Our companies have provided internships, scholarship funds and have hired Bluefield State College graduates for many years. As a matter of fact, I am a Bluefield State alumnus and have spent my entire 26-year career with CONSOL Energy.”

Buford Myers, vice president of CNX Gas Virginia operations, who is also a Bluefield State alumnus, noted that the CNX Gas relationship with Bluefield State has also been long-standing. “I also graduated from Bluefield State and have spent my entire 35-year career with CONSOL Energy and CNX Gas,” Myers said. “At both CONSOL Energy and CNX Gas, we’ve collaborated with the College on various projects and educational programs, to include developing a class in petroleum well drilling systems with the School of Engineering Technology in which CNX Gas employees served as instructors.”

Both agreed that establishing the endowed CONSOL Energy Scholarship in Engineering Technology was a natural progression in CONSOL Energy’s relationship with Bluefield State.

“This represents the largest corporate gift in the 115-year history of the College, said Dr. Albert Walker, president of Bluefield State. “CONSOL Energy’s endowment is particularly timely, because of the number of deserving students who aspire to careers in the energy field.”

Frank Hart, Dean of the School of Engineering Technology, said prior to the conference, “CONSOL’s support of Engineering Technology students spans almost 40 years. About 100 students have benefitted from their scholarships, and more than 60 have been employed by CONSOL Energy and CNX Gas.”

CONSOL Energy will contribute $150,000 over three years to the Bluefield State College Foundation to establish the new scholarship. The first installment of $50,000 has now been delivered to the Foundation. BSC graduates employed by CONSOL Energy will also be encouraged to contribute to the scholarship when they give back to their alma mater in order to assist upcoming professionals following in their footsteps.

John Rinehart, president of the foundation, noted the new endowed CONSOL Energy scholarship increases the college’s overall scholarship endowment funds.

“CONSOL Energy’s generous gift brings the Endowed Scholarship Fund to nearly $1 million. We hope to surpass that milestone this fiscal year.”

Funds raised will be invested in the endowment, a percentage of which, set by the BSC Foundation, will be awarded to a deserving Engineering Technology student each year, distributed at fall and spring semester, in perpetuity.

Students selected to receive the scholarship must be full-time students enrolled in an Engineering Technology field of study; possess a GPA of 3.0 or better; have a career interest in the energy field; and be a resident of Virginia or West Virginia.

About CONSOL Energy

CONSOL Energy, the leading diversified coal and gas producer in the Appalachian Basin,, is a member of the Standard & Poor's 500 Equity Index and the Fortune 500. It was recently named one of the “Top 100 Most Trustworthy” companies for 2010 by Forbes. At year-end 2009, it had 11 bituminous coal mining complexes in six states and reports proven and probable coal reserves of 4.5 billion tons. It is also the leading Appalachian gas producer, with proved reserves of 2.9 trillion cubic feet. Additional information about CONSOL Energy can be found at its Web site: www.consolenergy.com.