The focal point of campus for much of the early 20th century was Military Walk, a 1,500-foot (460 m) street that connected the former Guion Hall, now the location of the Rudder Theatre Complex, with Sbisa Dining Hall.
In the late 1920s, following the discovery of oil on university lands, Texas A&M and the University of Texas negotiated a settlement for the division of the Permanent University Fund which enabled A&M to receive one-third of the revenue.