Bugs's quip that his home is his "little gray hole in the West" is a pun on the title of the sentimental 1911 wartime song "Little Grey Home in the West".
The Texas oil boom and the resulting financial windfalls it brought were the subject of many satirical send ups at the time, as well as more serious offerings. In four years, the film Giant (1956) would introduce cinema audiences to the melodramatic life of oil barons, and a few decades later, Dallas (1978) would premiere as a glitzy TV soap opera, based on the same dynamic.
Although the cartoon is set in Texas, there are several Saguaro cacti visible. They are native to the Sonoran Desert, not Texas.
The title of the popular song, Deep in the Heart of Texas, first sung in 1942 by Perry Como, is spoofed in this short.
The comically stretched limo is modeled after a 1952 Cadillac Fleetwood 60 Special.