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As oil rights revenue was dropping from $262 million in 1981 to $57 million in 1995, the 1991 Texas Legislature reduced funding for the UT and Texas A&M University Systems by about one-quarter. This placed increased pressure for the PUF to make up much of the difference, even after the 1984 expansion of the PUF's list of beneficiaries.
The Texas oil boom, ... the new Klan was not outwardly focused on suppression of black civil rights, ... Texas A&M University Press.
In early July 2008, the price of oil briefly closed above $145 per barrel. By the beginning of September 2008, the price of oil settled to under $110 per barrel. By October 9, 2008, the price plummeted back below $85 per barrel. As of November 21, 2008, the price of oil had fallen below $50 a barrel, mostly riding fears of a global recession. [70]
Haroldson Lafayette Hunt Jr. (February 17, 1889 – November 29, 1974) was an American oil tycoon. [1] By trading poker winnings for oil rights according to legend, but more likely through money he gained from successful speculation in oil leases, he ultimately secured title to much of the East Texas Oil Field, one of the world's largest oil deposits.
The Texas Railroad Commission, which regulates oil and gas wells in the state, defines these as wells that have been inactive for a minimum of 12 months and have no owner.
In 1940, George Mitchell earned a degree in petroleum engineering with an emphasis in geology from Texas A&M University. He graduated as the valedictorian in his class and was also the captain of the men's tennis team. [4] He started an independent oil and gas company, Mitchell Energy & Development Corp., which grew into a Fortune 500 company.
Joe B. Foster (July 25, 1934 – May 9, 2020) was an American businessman, oilman and philanthropist from Texas.From 1989 to 2005, Foster was chairman, president, and chief executive officer of Newfield Exploration Company, headquartered in Houston. [4]
The son of an oil field worker and a school teacher, Sharp grew up in the small farming community of Placedo, Texas.In 1972, Sharp earned a Bachelor of Arts degree in political science from Texas A&M University in College Station, where he was a member of Squadron 6 in the Corps of Cadets and was elected class president his sophomore year, and eventually Student Body President. [1]