Abilene Christian University to present Fort Worth
business leader with award
For immediate release
February 24, 1999
Abilene Christian University will present Fort Worth
business leader Harrold Owen with ACU's College of Business
Administration's Distinguished Business Leader of the Year
award Thursday, Feb. 25, at a 6:30 p.m. reception and dinner
at Ridglea Country Club.
The annual award is given to a business leader who
epitomizes the values that form the core mission of ACU's
College of Business Administration, to educate students for
Christian service and leadership in businesses and
organizations throughout the world.
"Harrold Owen models the kind of commitment to his family
and Christian principles that is worthy of imitation," said
Dr. Jack Griggs, dean of ACU's College of Business
Administration. "He has been a long-time supporter of good
causes of every kind, using his talents to help people who
are not in position to help themselves."
For 45 years Owen has revolutionized the oil industry
with tools he designed for perforating oil wells -- charges
launched into gas wells to fracture the underground
formation and allow oil to flow.
Only eight companies worldwide manufacture "shaped"
charges, and Owen has owned three of them. The most recent,
Owen Oil Tools Inc. is today's leader in perforating
charges. Owen sold the company recently for $55 million.
"The world has been pretty much coming to Fort Worth,
Texas, for perforating charges for 45 years because of my
dad," said Dean Owen, president of Owen Oil Tools. "He
invented some of the very first perforating charges. Since
then he's invented more than anybody else in the world."
Owen attributes his success to a commitment to exceeding
expectations and never being afraid to fail. He also recalls
advice his father offered him years ago.
"My dad used to tell me, 'Now don't get to thinking you
did this -- because God did this," he said.
ACU, founded in 1906, is a private, comprehensive
university with an enrollment of more than 4,600 students.
The university works to maintain an environment that
encourages high quality academics, personal development,
physical well-being and growth in Christian character.
The university offers 117 bachelor's degree programs and
39 master's programs through the College of Biblical and
Family Studies, the College of Business Administration, the
College of Arts and Sciences, the Graduate School and the
School of Nursing. The university also offers a doctoral
program in ministry. ACU is accredited by the Commission on
Colleges of the Southern Association of Colleges and
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- Last update: March 22, 1999
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