From the club website:

In the 1970's Mike Holder (former OSU Head Golf Coach and current OSU Athletic Director) envisioned a sanctuary for college golf. After many years of planning and fundraising, the pieces were finally in place to create what is now Karsten Creek. With the talents of renowned golf course designer, Tom Fazio, spawned one of the most challenging golf courses in the country. On May 9th, 1994, the course opened, and was named the “Best New Course” in the country by Golf Digest. The zoysia fairways were cut from a forest of oaks and black jacks, complemented by an undulating terrain that flows throughout the course. The back nine cascades around the 110 acre Lake Louise that is featured on the finishing holes. Complementing the course, are the clubhouse, two multi-level guest lodges, and state of the art practice and teaching facilities. 

Karsten Creek was so named to honor the late Karsten Solheim, founder of Karsten Manufacturing (PING), and Lake Louise honors his wife. The Solheims support of OSU golf over the last 20 years has been instrumental in the success of the golf program. As the home of the Oklahoma State Men's and Women's golf programs, the course is kept in a challenging condition, allowing team members to maintain their competitive edge.