Hanna Oil makes gift to U of O's capital improvement project

Release Date: 12/1/2008

Clarksville, Ark. – Hanna Oil and Gas of Fort Smith has announced a $100,000 commitment to the University of the Ozarks' capital improvement project.

Primary components of the $11 million capital improvements project are the renovation and expansion of the university’s Seay Student Center, and the construction of a new apartment-style residence hall. The capital improvements project is part of the university’s broader $40 million Promise of Excellence Campaign, which runs until March 31, 2011.

Hanna Oil and Gas was founded in the early 1960s by Jim L. Hanna and now operates more than 200 wells and has interests in another 2,000 wells throughout the United States and Canada.

A statement released by the Hanna siblings --- Bill, Mike and Kim Behrend --- discussed the family’s interest in supporting the university. “Our father, Jim L. Hanna, knew that investing in people was the best way to ensure strong cultural, civic and economic growth in the state of Arkansas. The University of the Ozarks’ inclusive mission, To provide the best education possible for each student every time, is a value that dad would want us to support and perpetuate.”

Behrend is a member of the university’s board of trustees and Bill Hanna, president of Hanna Oil and Gas, is a former member of board.