May 21, 2008
Walter R. Davis
Walter R. Davis, a Texas oil tycoon and philanthropist, has died. He was 88. David died Monday after a period of declining health, said his son-in-law, Bob Eubanks.
Davis left his job at a five-and-dime store in North Carolina to start a career in the trucking industry that ultimately led to the oil business in Texas. He moved to Midland in the spring of 1952 and began his career as an oil company executive and benefactor. He grew his business from one that began with a single truck hauling oil from wildcat drilling wells to refineries. He developed Permian Oil Company, which merged with Occidental Petroleum, one of the nation's larges oil related businesses. As Occidental CEO, Davis was a participant in oil marketing projects in half a dozen foreign countries. He left Occidental and started over, creating Basin Inc., providing services to the oil industry.
Davis was a generous supporter of Midland College, establishing the JoAnn and Walter Davis Nursing Scholarship and contributing to the Langford Athletic Endowment Fund. He also provided the initial funding to establish the Associate Degree Nursing program in 1981.
If you wish to make an online gift to Midland College in his memory, visit Give a Gift or, you may mail your memorial to:
MIDLAND COLLEGE FOUNDATION, INC.
3600 N. GARFIELD • MIDLAND, TX 79705