Stephens & Johnson Operating Co. vice-president endows Texas A&M petroleum engineering scholarship

Nan and Joe Johnson have endowed their third scholarship at Texas A&M University, this time for petroleum engineering undergraduates.The Wichita Falls, Texas, couple directed the distribution from an Individual Retirement Account (IRA) to establish a $100,000 endowment at the Texas A&M Foundation. The first recipient of the Nan and Joe Johnson '51 Scholarship in Petroleum Engineering will be named for the fall 2011 semester.Joe Johnson is a partner/vice-president in two firms: Stephens & Johnson Operating Co., which operates 371 leases with 874 active wells in six states; and Stephens Engineering Co., a consulting firm that specializes in secondary recovery projects, valuations of oil and gas properties, and economic feasibility studies to develop oil and gas."We thank Joe and Nan for helping us meet our goal to award a scholarship to each petroleum engineering undergraduate who excels scholastically. As their endowment grows over the years, it will support multiple students each year, allowing Texas A&M to contribute more and more highly qualified professionals to the upstream oil and gas industry," said Stephen A. Holditch, department head and holder of the Samuel Roberts Noble Chair in Petroleum Engineering.Johnson earned dual B.S. degrees in petroleum and mechanical engineering from Texas A&M. As a student he was active in the Student Government Association and a member of the elite Ross Volunteers, a company of junior and senior cadets who serve as the honor guard for the governor of Texas.After graduation he worked for Phillips Petroleum Co. four years before signing on with Cable Engineering in 1956. The firm evolved, becoming Stephens Engineering in 1959.Johnson and his wife are long-time campus supporters. Their previous scholarships have benefited the President's Endowed Scholars program and the Corps of Cadets. He serves on the Pillars of A&M Committee and the Corps Development Council.Many Aggies are numbered among the Johnson family, including uncles, cousins and nephews. Son Joe L. Johnson III is Class of 1975, and his daughter Lauren is Class of 2000."The Johnsons are a great Aggie family, and we cannot thank them enough for their generous support of Texas A&M. This scholarship will provide vital financial support to many future generations of Aggies," said Brady Bullard, director of development with the Texas A&M Foundation.