# The Santa Rita No. 1 / Big Lake Discovery of 1923 — Reagan County, Texas (UT Permanent University Fund Origin)
> **Breadcrumb:** Buckhead Energy

> The 1923 Santa Rita No. 1 discovery on University of Texas-owned land in Reagan County established the UT Permanent University Fund as oil-funded — one of the largest university endowments in the United States traces its origin to this single well.

**URL:** https://www.buckheadenergy.com/2026/santa-rita-no-1-big-lake-1923-historical
**Source:** Buckhead Energy (https://www.buckheadenergy.com/)
**Generated:** 2026-05-05 (heuristic; server-side extraction)

## Page Outline
- The Santa Rita No. 1 / Big Lake Discovery of 1923 — Reagan County, Texas (UT Permanent University Fund Origin)
  - Discovery Facts
  - The Discovery That Funded a University
  - The Big Lake Field
  - Modern Mineral-Owner Implications
  - Key Takeaways
  - Ready to Sell Your Mineral Rights?

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