Texas Oil Billionaire William 'Tex' Moncrief Jr. Passes Away At 101

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William Alvin Moncrief Jr., a Texas wildcatter who helped build a father-son venture into an oil and gas empire over more than 70 years in the industry, has died.

A spokeswoman for Moncrief Oil confirmed his death to The Associated Press Wednesday, Dec. 29 but could not immediately provide further details.

The younger Moncrief spent his life building on that tradition, acquiring a fortune that earned him a reputation as a generous philanthropist but also attracted scrutiny from tax authorities. But then “it shot out about 90 to 100 feet,” he recalled. “When it shot out 100 feet, it made solid oil.”As a young man, Moncrief considered quitting school to pursue golf professionally. But his father talked him out of it and he graduated from the University of Texas in 1942 with a degree in petroleum engineering.

Source: News Formal (newsformal.com)

 

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Tex was a great man and friend!

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