Some consider the New Year's Day bowl game of 1944 (after the 1943 season) to have been a college division/minor bowl game. Both rosters were made up of varsity players from ranked teams in the 1942 season. This was possible because both schools were participants in the WWII V-12 program. The Southwestern Louisiana Institute (now University of Louisiana-Lafayette) team, for example, was composed of over 175 varsity players from other colleges. These numbers included 18 players from 19th-ranked Rice, nine players from 13th-ranked LSU, and eight players from the eighth-ranked Tulsa teams of 1942. These players were not all starters for the team; varsity players from other schools made up the majority of the team.
A three yard touchdown rush was the opening score in the first ever Oil Bowl, held in Houston on January 1, 1946. Georgia took a 7-0 lead after this touchdown rush and the first quarter ended as such. Tulsa countered with a touchdown rush of their own, though it was only from one yard out. The PAT failed, making the score 7-6 Georgia at halftime. No scoring happened in the third quarter, and Georgia lengthened their lead in the fourth, scoring twice: a 54-yard pass and a 69-yard punt return. The PAT on the punt return was no good, and the game finished 20-6. Georgia finished with 288 total yards, and Tulsa finished with only 148. 
The second and last Oil Bowl saw #11 Georgia Tech take on St. Mary's in front of 23,000 spectators in Houston. The Yellow Jackets scored the first touchdown of the game in the first quarter and held a 7-0 lead. The second quarter saw Georgia Tech turn the offense on, outscoring St. Mary's 20-7 and taking a 27-7 lead into halftime. The third and fourth quarters were identical in score, with Georgia Tech outscoring St. Mary's 7-6 in both, making the second half score 14-12. The Yellow Jackets became the 1947 Oil Bowl champions, defeating St. Mary's 41-19.