Texas Instruments
In 1930, J. Clarence Karcher and Eugene McDermott founded Geophysical Service, an early provider of seismic exploration services to the petroleum industry. In 1939, the company reorganized as Coronado Corp., an oil company with Geophysical Service Inc (GSI), now as a subsidiary. On December 6, 1941, McDermott along with three other GSI employees, J. Erik Jonsson, Cecil H. Green, and H.B. Peacock purchased GSI. During World War II, GSI expanded their services to include electronics for the U.S. Army, Signal Corps, and the U.S. Navy. In 1951, the company changed its name to Texas Instruments, with GSI becoming a wholly owned subsidiary of the new company.
Odessa, Texas
The University of Texas of the Permian Basin (UTPB) began in 1973. UTPB was an upper level and graduate university until the Texas Legislature passed a bill in spring 1991 to allow the university to accept freshmen and sophomores. As of 2006, the university was holding discussions with the Nuclear Regulatory Commission about construction of a new High-Temperature Teaching and Test Reactor, which if successful, would finish licensing and construction around 2012. It would be the first university-based research reactor to be built in the US in roughly a decade, and be one of the few HTGR-type reactors in the world. In January 2006, UTPB's School of Business was awarded accreditation by the Association to Advance Collegiate Schools of Business International, which is generally regarded as the premier accreditation agency for the world's business schools. According to the university, only 30% of business schools in the United States, and 15% of world business schools, have received AACSB accreditation.