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Texas State alumnus donates $1.5 million to McCoy College of Business

Date of Release: 01/23/2006

T. Paul BulmahnSAN MARCOS—T. Paul Bulmahn, founder, chairman and president of ATP Oil & Gas Corp., has donated $1.5 million to the McCoy College of Business Administration at Texas State University-San Marcos.

Bulmahn earned a master of business administration degree at Texas State in 1978. In 2000, he received the university’s Distinguished Alumnus Award.

“We are grateful to Mr. Bulmahn for this wonderful gift,” said Texas State President Denise M. Trauth. “Paul is an excellent example of an alumnus who cares deeply about our university. He is generous with his financial resources and with his time. He returns to campus often to help students and to stay in touch. We appreciate very much his generosity and his continued involvement with Texas State.”

In recognition of his gift, the innovative trading laboratory in McCoy Hall will be named in Bulmahn’s honor.

Located on the third floor of McCoy Hall, the T. Paul Bulmahn Research and Trading Lab is approximately 2,500 square feet and will contain 32 computer work stations.

Bulmahn’s gift will be used to support the lab, where students will learn about financial analysis, forecasting and investing. It will be equipped with data resources to support a new student-managed investment fund and research projects undertaken by Texas State faculty and students, said McCoy College Dean Denise T. Smart.

McCoy Hall – the new home of Texas State’s McCoy College of Business Administration – is scheduled to open this summer and a formal dedication is being planned for next fall.

In addition to his master’s in business administration from Texas State, Bulmahn holds a bachelor’s degree from Valparaiso University and a law degree from the University of Texas School of Law.

ATP Oil & Gas Corp. is an international offshore oil and gas development and production company active in the Gulf of Mexico and the North Sea. It has offices in Houston, London and IJmuiden, Netherlands. It has earned a reputation for superior performance with a 97 percent success rate developing offshore properties for commercial production. The company has earned several significant awards for its performance and, in 2000, Bulmahn was selected Entrepreneur of the Year in Energy by Ernst and Young.

Bulmahn is also the founder of GoldMark Farm LLC, a 470-acre training facility for thoroughbreds in Ocala, Fla. GoldMark Farm is one of a few training facilities in the world with a Polytrack training track, an innovative surface designed to protect the fragile legs of developing thoroughbreds.

Texas State’s College of Business Administration was established in 1958. In 2004, it was named in honor of Emmett and Miriam McCoy. It offers undergraduate degrees in accounting, computer information systems, economics, finance, management and marketing; certification programs in financial planning, computer information systems and Latin American Business; and master’s degrees in business administration and accountancy. Business education at Texas State is accredited by AACSB International.