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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.
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 main offices of the Railroad Commission of Texas are located in the William B. Travis State Office Building. The agency is headquartered in the William B. Travis State Office Building at 1701 North Congress Avenue in Austin. [29] In addition, the Texas Railroad Commission has twelve oil and gas district offices located throughout the state.
In the late 1920s, following the discovery of oil on university lands, Texas A&M and the University of Texas negotiated a settlement for the division of the Permanent University Fund which enabled A&M to receive one-third of the revenue. This guaranteed wealth enabled A&M to grow and expand.
Stephen Holdich, head of the Department of Petroleum Engineering at Texas A&M University, commented: “In fact, the Austin Chalk is the model for modern shale development methods.” [22] The Austin Chalk play started in 1981 with vertical wells, but died with the decline in the oil price in 1982. In 1983, Maurer Engineering designed the ...
In 1894, Texas filed a lawsuit against John D. Rockefeller's Standard Oil Company and its Texas subsidiary, the Waters-Pierce Oil Company of Missouri. Hogg and his attorney general argued that the companies were engaged in rebates, price fixing , consolidation, and other tactics prohibited by the state's 1889 antitrust act.
President Woolf and Chancellor of the A&M System Harrington would announce the desegregation of ASC on July 11 of that year, and the following fall semester being the first ever to have black students be enrolled. [29] [30] Enrollment reached 9,116 students in the fall of 1963, a larger total than the Texas A&M College Station campus. [14]
Texas A&M Veterinary Medical Diagnostic Laboratory; Texas Division of Emergency Management (TDEM) TDEM is the only state agency under the Texas A&M System not to bear the "Texas A&M" name as it is the most recent to be added to the system, [19] transferred from the Texas Department of Public Safety to TAMUS in 2019. [20]