University Lands FY23 Annual Report

2020 After decades of weather damage to the original rig structure, University Lands commissioned a complete restoration of the Santa Rita well site, preserving its historical significance as the well that launched the Permian Basin. Santa Rita Well Site Restored

Fiscal Year PUF Revenue Reaches $2B University Lands recorded its highest historical PUF revenue in fiscal year 2022 with activities from mineral development reaching $2.12 billion. 2022

2023 Highest AUF Revenue Following the achievement of reaching over $2 billion in PUF revenue in fiscal year 2022, University Lands recorded is highest ever AUF revenue in fiscal year 2023 with $121 million generated from surface activities on PUF Lands.

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