Energy Community to Kick-off Campaign for Houston-area Teachers

HOUSTON (May 19, 2004) – The energy community in Houston is in a great position to give back to the city by helping to raise money for Houston-area teachers. Steve Trauber, Global Head of Energy for UBS Investment Bank and his wife Leticia are proud to announce they are co-chairing the Energy For Teachers endowment campaign, which will raise $3 million dollars for Fund For Teachers (FFT) in the Houston area by December 2004. Funds raised will be used to permanently endow summer sabbaticals for Houston-area teachers. The Energy for Teachers Campaign kicks off May 19, when leaders from throughout Houston’s energy industry will get together to begin their fund raising efforts.

“As a father of three school-age children, I know how much it means to see a child inspired by a teacher and that is why Leticia and I are excited to be able to support Fund For Teachers through the Energy For Teachers campaign. We look forward to helping Houston’s teachers bring the world into their classrooms for many more years,” said Steve Trauber.

Steering committee members for the Energy For Teachers endowment campaign include: President, CEO and COO of Apache Corporation, G. Steven Farris; President and COO of Nabors Industries Ltd., Tony Petrello; President and CEO of ConocoPhillips, J.J. Mulva; President and CEO of Anadarko Petroleum Corporation Jim Hackett; President and CEO Energy Services Group of Halliburton Company, John Gibson; Chairman and CEO of Noble Corporation, James C. Day; President and CEO of Marathon Oil Corporation, Clarence P. Cazalot; President and CEO of Shell Exploration and Production, Raoul Restucci; Managing Partner with Baker Botts LLP, Walt Smith; President and Chief Executive Officer of Cooper Cameron, Sheldon Erikson; and President and CEO of GlobalSantaFe Corp., Jon A. Marshall and President.

The Fund For Teachers is a unique public foundation whose mission is to enrich the lives of school teachers and students by providing outstanding teachers with recognition and opportunities for renewal. Making a difference one teacher at a time, FFT provides funds for direct grants to teachers to support learning opportunities of their own design. Specifically, teachers are granted funds to travel and study during the summer, and then bring their discoveries back to the classroom as part of their curriculum in the school year. It is estimated that one grant reaches 3,000 students over the span of a teacher’s career. FFT truly makes a profound impact on the teachers who receive grants, the students they teach and the schools where they work.

“We have a bottom-up approach to systemic reform that is simple and direct. Re-energize teachers. Not a panacea, but when we demand so much of our educators, and their strengths and skills are so vital to the success of our schools, providing these experiences holds great promise for their future and for our children,” said Karen Kovach Webb, executive director of FFT.

Founded by Apache Corporation Chairman Raymond Plank in 2001, the foundation’s enrichment fund is supported by individual and corporate donors. In honor of Apache’s 50th anniversary and Raymond Plank, the energy community in Houston is proud to step up to raise money to endow Fund For Teachers.

“It is a very simple program, a very effective program and it raises the spirits of teachers,” Plank said.

The Houston campaign is part of a larger $50 million nationwide campaign taking place in Denver, Minneapolis-St. Paul, New York, Boston and Tulsa.