The Southwestern Historical Quarterly, Volume 48, July 1944 - April, 1945 Page: 87
H. BAILEY CARROLL
MAY 27 was the twenty-first birthday of Santa Rita, The
University of Texas discovery oil well in the Reagan
County area. The anniversary was observed with fitting cere-
monies in Austin. About a month before the May 27 date,
George C. Gibbons, Executive Vice-President of Texas Mid-
Continent Oil and Gas Association, called from Dallas to say
that his Association considered Martin Schwettmann's book
Santa Rita one of the greatest tributes ever paid to the oil
industry, and that his Association was interested in paying
tribute upon the anniversary date to the Historical Association,
The University of Texas, and the original enterprisers con-
nected with the well.
The story of Santa Rita and of the founding of the University
was written in a radio script by J. Edward Morrow, Oil Editor
of the Dallas News. The script was produced by Mrs. Edith
Beale Hamilton of Radio House at the University and was broad-
cast over the Texas Quality Network at 12:30 on Saturday, May
27. Climaxing the day's activities was a dinner in the Maxi-
milian Room of the Driskill Hotel given by the Texas Mid-
Continent Oil and Gas Association honoring the Texas State
Historical Association and The University of Texas. It was a
party that Life magazine should have attended. Beauford Jester,
chairman of the Texas Railroad Commission and a former
member of the Board of Regents of the University, was master
of ceremonies. President Homer P. Rainey spoke for the Uni-
versity and called attention to the fact that the permanent fund
of the University is now approaching $44,000,000 and that
most of these funds have been derived from oil income. George
A. Hill, Jr., President of the Houston Oil Company and Vice-
President of the Association, spoke as the representative of
the petroleum industry. Among the hundred or more persons
present at the dinner were Mrs. Carl Cromwell, wife of the
Santa Rita driller, and Mrs. W. E. Peavy, Jr., his daughter,
Carlene. Frank T. Pickrell, one of the partners in the company
which drilled the well, flew in from California to be present
on the occasion. His impromptu speech telling of the Santa Rita
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 48, July 1944 - April, 1945, periodical, 1945; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth146055/m1/91/ocr/: accessed August 16, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.