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Tag Archives: Permanent University Fund

Report: Oil, gas helps fund Texas schools

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A report by North Texans for Natural Gas explains how the oil and natural gas industry contributes more than $4 billion per year to the Texas education system. Texas schools benefit from oil and gas royalties that are paid into the state’s Permanent School Fund and the Permanent University Fund. Local independent school districts also benefit from property taxes paid ...

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UT System regents authorize hiring of a CEO to oversee oil lands

University of Texas System regents on Monday authorized hiring a chief executive officer to oversee the system’s vast West Texas lands, which are rich in oil and natural gas deposits. A consulting firm recommended last year that the UT System hire a CEO and expand its staff in Midland in light of a dramatic increase in drilling. Royalty payments and ...

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Panel: Legacies of Texas A&M, oil industry tied together

It might power the cars and cool the campus, but oil and A&M have a deeper relationship, according to A&M professors at a panel Thursday night at the George Bush Library. The oil industry has helped A&M receive one of the highest university endowments in the nation. Oil wells have boosted the amount available for universities through Texas’s Permanent University ...

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