Salt Lake Telegram | 1923-07-15 | Page 10 | Texas University May Gain Oil Riches

Texas University May Cain Oil Riches ' . i AUITIH. Tana. Jury 14 (By A. P.) Htudeata and offlcUla of tha Untvaralty ef Tezaa who for aev. aral yeara have dreamed of axten alva iraprovementa for tha arhool may bava then- dream fulfilled by , the magla sf oil.- A. muH.ao ln.i r movement program baa boon out-Ined out-Ined for aome lima. Tha board of regent, bad taken atepa to obtain loana for tha Improvementa, but It waa not until a few week, ago that hopa developed for other aourrea of raven h. It I admitted by unlverelty of . ffHata that ahotrid a producing oil field ba opened on tha achooPi land In weet Texaa It probably would ba on. of th. rlrheet arhoota In th. nation. Reporta of a guah.r In. Reagan county were mad. re- cently. but It ramalna for tha field to be proven. Unlverelty official, a re reltirfartt to .xpreaa themeelvee regarding tha pro oa Me Incoma of tho arhool from tha 'field. On returning from an Inapectlon of tba ' Santa Rita well, which baa caused much dla-ruMlon. dla-ruMlon. Dr. J. A. V'dden, bead m the unlverelty geology depart ment. declared that proapecta era favorable favor-able for a producer, although ba would not baaard a gueaa aa to tha valua of th. field. All permlta an tha unlvwolty Mock bava ' hmmn taken up a. raault of tba Ranta. Rita pm .pacta Tba atata unltroralry bold, title) to aevwnty-two aertlona of land In tha rtearan eounty dlrtrlct. The Incom. from tha tend under atata law. la uoed fnr permanent Im-ptov.mewta Im-ptov.mewta Tba atata legislature probably- wauld maka provision for other use. la eas a larg. Incoma la derived.