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HUGE oil field in West Texas
http://www.dallasnews.com/business/energy/20130725-a-massive-oil-field-in-west-texas-but-how-massive.ece
The thing of relevance to the board is the Permanent University Fund set up in 1876 to benefit UT and aTm......see comments near the bottom of the article. Talking about a bird's nest on the ground!
"Already though, money is flowing steadily. One of the largest mineral rights owners in the field is the Permanent University Fund, created under the state constitution in 1876 to endow the University of Texas and Texas A&M systems.
Over the last five years the fund’s royalties from oil production have more than tripled to $414.5 million in 2012."
Last edited by Amos Moses; 07-26-2013 at 12:34 PM.
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