Record: 47-43-4, .521 W-L% (6th of 10) (Schedule and Results)
SRS: -8.05 (10th of 10) ▪ SOS: -9.11 (10th of 10)
Conference Champion: Texas Tech
Ranked in First AP Poll: 0
Ranked in Final AP Poll: 0
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
|---|---|---|---|---|---|---|---|---|
| 1 | Sep 11, 1948 | Sat | West Texas A&M | 28 | Northern Arizona | 0 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 2 | Sep 18, 1948 | Sat | Northern Arizona | 13 | New Mexico State | 7 | ||
| 3 | Sep 18, 1948 | Sat | Texas Tech | 19 | West Texas A&M | 0 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 4 | Oct 9, 1948 | Sat | Arizona | 20 | Hardin-Simmons | 14 | ||
| 5 | Oct 9, 1948 | Sat | New Mexico | 61 | New Mexico State | 0 | ||
| 6 | Oct 9, 1948 | Sat | Texas-El Paso | 21 | West Texas A&M | 7 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 7 | Oct 16, 1948 | Sat | Arizona State | 40 | Northern Arizona | 0 | ||
| 8 | Oct 16, 1948 | Sat | Hardin-Simmons | 28 | @ | New Mexico | 19 | |
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 9 | Oct 23, 1948 | Sat | Texas Tech | 31 | @ | Arizona | 0 | |
| 10 | Oct 23, 1948 | Sat | Texas-El Paso | 27 | @ | New Mexico | 13 | |
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 11 | Oct 30, 1948 | Sat | Arizona | 33 | Arizona State | 21 | ||
| 12 | Oct 30, 1948 | Sat | Hardin-Simmons | 27 | Texas-El Paso | 27 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 13 | Nov 5, 1948 | Fri | Arizona State | 52 | @ | New Mexico State | 7 | |
| 14 | Nov 6, 1948 | Sat | Arizona | 14 | @ | New Mexico | 6 | |
| 15 | Nov 6, 1948 | Sat | Texas Tech | 46 | Texas-El Paso | 6 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 16 | Nov 11, 1948 | Thu | Hardin-Simmons | 28 | West Texas A&M | 6 | ||
| 17 | Nov 13, 1948 | Sat | Texas-El Paso | 25 | @ | Arizona | 14 | |
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 18 | Nov 20, 1948 | Sat | Hardin-Simmons | 63 | Arizona State | 25 | ||
| 19 | Nov 20, 1948 | Sat | Texas Tech | 14 | New Mexico | 7 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 20 | Nov 25, 1948 | Thu | Texas-El Paso | 92 | New Mexico State | 7 | ||
| 21 | Nov 27, 1948 | Sat | Texas Tech | 28 | @ | Hardin-Simmons | 20 | |
| 22 | Nov 27, 1948 | Sat | West Texas A&M | 19 | New Mexico | 0 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 23 | Dec 14, 1948 | Tue | Arizona State | 28 | New Mexico | 17 |