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Message
re: LSU endowment
Posted on 9/13/23 at 9:41 pm to TigerAttorney
Posted on 9/13/23 at 9:41 pm to TigerAttorney
quote:
Must be nice having those oil royalty checks rolling in every month.
Louisiana should have those royalty checks rolling in too. Unfortunately, the political climate caused all of the oil companies to flee to Texas decades ago.
3
Posted on 9/13/23 at 9:46 pm to Spankum
IIRC UT and A&M own the wells outright.
Posted on 9/14/23 at 8:08 pm to Spankum
quote:
Unfortunately, the political climate caused all of the oil companies to flee to Texas decades ago.
You can thank Huey Long for that
This post was edited on 9/14/23 at 8:11 pm
Posted on 9/14/23 at 9:04 pm to Spankum
I can’t disagree with you but UT & TAMU have received oil royalties from land in West TX that was given to them in the 1800s before oil was even discovered on that land. Over the years UT received about 2/3 of the royalties from that land & TAMU received about 1/3 of the royalties. That’s why they have the largest endowments in the SEC.
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