Valero Energy Corp., one of the nation’s largest oil refiners, has agreed to pay $15.3 million to be the title sponsor of the Texas Open for the next five years.
The tournament, which was first played in 1922, is without a sponsor this year. It needed a $1.3 million handout from the PGA Tour to be played at La Cantera Golf Club in San Antonio, TX.
Westin Hotels sponsored the event from 1998-2000.
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