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The University of Texas of the Permian Basin (UTPB) is a state university located in Odessa, Texas. It was authorized by the Texas Legislature in 1969 and founded in 1973. Its official Spring 2016 enrollment was a record high 6,050, a 15% increase in headcount since the previous year. The university faces rapid growth as a result of the oil boom currently ongoing in the Permian Basin.