Here are two nuggets I heard over on another forum.
High level sources in multiple conferences have told KCTV5 that Texas and Texas A&M are looking to move to the Big Ten Conference and have petitioned for membership, while the University of Oklahoma is planning on petitioning the Southeastern Conference to become a member of its conference.
College Station, Texas, based sources close to Texas A&M confirm the scenario of Texas A&M, Texas and Nebraska joining the Big 10, bringing the total to 14. … Sources also confirmed the rift with Texas Tech and Baylor is that “UT and A&M have joined together in this decision”. By adding this trio, UT does not “go to war alone in a new conference” when ongoing issues arise.