The Texas Open, known as the Valero Texas Open for sponsorship reasons, is a professional golf tournament on the PGA Tour, played near San Antonio, Texas. It dates back years to 1922, when it was first called the Texas Open; San Antonio-based Valero Energy Corporation took over naming rights in 2002. It is played at The Oaks Course at the TPC San Antonio, northeast of the city. The Valero Energy Foundation is the host organization for the Valero Texas Open. The event is managed by Wasserman Media Group as of 2017. In 2003, it was the site of the 72-hole PGA Tour scoring record of 254, shot by Tommy Armour III. Many big-name players have won this tournament, including Sam Snead, Ben Hogan, and Arnold Palmer, who won it three years in a row. It has always been considered a tournament where it is relatively easy to shoot low scores. Since 1934, every tournament winner has finished with a score under-par. It has always been played in the San Antonio area, and is the sixth oldest professional golf tournament worldwide, the third oldest on the PGA Tour and the longest held in the same city. The tournament has been hosted on eight different golf courses. From its inception until 1940, it was held at Brackenridge Park Golf Course, with the exception of 1927–1928, when it was played at Willow Springs Golf Course. After the event left Brackenridge Park, it returned to Willow Springs . In 1950 and 1951, it was played at both Brackenridge Park and Ft. Sam Houston Golf Course; afterwards it stayed at Brackenridge Park, with the exception of 1956 and 1960, when it returned to Ft. Sam Houston. Oak Hills Country Club hosted from 1961 to 1966, then it went to Pecan Valley Golf Club There was no event in 1968, as Pecan Valley was the site of the PGA Championship in July. No event was held in 1971; it was played at Woodlake Golf Club for five editions then returned to Oak Hills (No event was held in 1987, as Oak Hills hosted the first Tour Championship in late October.) It was held at the Resort Course at La Cantera Golf Club then moved to its present site on The Oaks Course at TPC San Antonio, in the affluent Cibolo Canyon community, The Texas Open was usually held in September or October; in 2007 and 2008,