In Pappy Waldorf's third and final season as head coach, the team compiled an 8–1–2 record (5–1–2 against conference opponents), shared the OIC title with Oklahoma Baptist, and outscored all opponents by a total of 162 to 43.
[1][2] The Goldbugs had an opportunity to secure the conference title in the final game of the season, but played a scoreless tie against Oklahoma Baptist on December 3.
Moore and center Ray Allen both received first-team honors on the Daily Oklahoman's All-Oklahoma first team.
Quarterback Perk Whitman and end Jack Alexander were named to the second team.
[28] Senior Catherine Schumaker, president of the school's pep council, was voted by the members of the team as the "Football Queen" for 1927.