The Mustangs led 30-20 at halftime, but committed 15 turnovers in the second half, including six on a 15-2 run by the Oilers.
UTEP took a 55-53 lead behind a lay-up from Stefon Jackson with 1:48 remaining in the game. Jackson scored a game high 28 points and in the contest.
After losing all their momentum in the second half, SMU was able to hang in the ball game. Mouhammad Faye nailed a jumper just inside the three-point line with 27 seconds left to tie the ball game at 55 and the Mustangs defense was able to lock down Jackson on a three-point attempt with one second left.
It's often said good teams get lucky, that was the case in overtime for UTEP. Up two points with 1:55 left, Jackson threw in a 30 foot prayer off the backboard with no time on the clock for the Miners to take the 60-55 lead.
Up three points with five seconds left, UTEP's Randy Culpepper was not able to knock down free throws giving SMU one last shot, but Derek Williams missed a three pointer with no time left for the Mustangs to lose their 11th road game this season.
Junior Derek Williams scored 13 points for SMU also adding 3 assists. Freshman guard sensation Paul McCoy struggled tonight going 2-13 scoring 7 points.
The Mustangs return home on Saturday night for a battle with Tulsa (18-9, 9-4 C-USA) at 7:00 P.M.
PonyStampede.com will have a live chat from courtside on Saturday night.