The Centre for Computational Geostatistics (CCG) is a research program at the University of Alberta that operates similar to other industrial affiliates programs and joint industry programs at different universities. The CCG was launched with the vision of becoming a leader in the education of geostatisticians and the delivery of geostatistical tools for modeling heterogeneity and uncertainty. The CCG currently consists of about 40 supporting companies, four full time staff, and about 20 graduate students. The Faculty associated with CCG are committed to placing all inventions in the public domain with preferential access to sponsors. The CCG provides a mechanism for industry to contribute to and sustain geostatistical research and teaching, which is of long term interest to many companies. The CCG is organized and administered by Professors Clayton V. Deutsch and Jeff Boisvert with a focus toward academic objectives. Overarching principles include (1) openness in research, (2) enrichment of the student experience, (3) promotion of the University as a credible academic institution, and (4) in accordance with the University of Alberta vision, inspiration of all CCG affiliated students to outstanding achievements in learning, discovery, and citizenship. The main objective of CCG is to support the mutual needs of industry and academia in research and education. The benefits to industry include the opportunity to influence geostatistical research and education, interaction with students as potential employees, early access to publications and access to faculty members for discussions and presentations. The benefits to the university include funding for tuition and living allowances, input on current problems of interest, student exposure to industry needs, and availability of summer internships.