Show college fund up from oil gas the university of texas endowment fund has keen been boosted by a new sale ol 01 lease leases on its oil and gas lands bonuses at the latest sale covered Z acres cres the leases also call for 1 an acre annual rental one eighth royalty on production and in several blocks a requirement for early drilling was added Sta oil gas co paid 17 1 7 million for drilling rights on 2574 acres in andrews county A well must be started to feet within days the tract li Is north of the means east strawn field also in andrews county texas co put up a bonus for a 2562 acre drilling block in ward county the location Is two miles south of a gas discovery well owned by magnolia petroleum and about two miles north of a lion oil field texaco must start drilling a toot foot test within six months louisiana produces enough every 10 days to pay for or the louisiana purchase |