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The Oil Well That Funds The University Of Texas At Austin

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University of Texas at Austin, Institutions and Systems
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University of Texas at Austin (Wikipedia)
Wikimedia FoundationWikipedia article: History, Early 20th century development section; Endowment section (AUF split and asset figures)
Quote, Wikipedia article: History, Early 20th century development section; Endowment section (AUF split and asset figures)
With the completion of Santa Rita No. 1 well and the discovery of oil on university-owned lands in 1923, the university added significantly to its Permanent University Fund.
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