In 1972, a nephew of Edwin Jackson Kyle…the Kyle named for Kyle Field…gave Texas A&M 16,000 acres of land in Loving County…west of Odessa.
In recent years, the land donated by Sid Kyle has become black gold for the university.
The A&M system’s chief financial officer, Billy Hamilton, reported at last week’s board of regents meeting that revenue from mineral rights has increased from $1 million dollars for all of 1998 to $1 million dollars a month.
That led to the regents approving a request to add beneficiaries to the unrestricted gift.
Mineral rights from 142 wells currently in production will continue to provide funding for a program in A&M’s college of agriculture.
The regents will control and the chancellor will administer the balance, towards what Hamilton called “the strategic interests of Texas A and M.”
Click below for comments from Billy Hamilton to the Texas A&M system board of regents on April 19, 2018.