University Lands FY23 Annual Report

Making Futures Bright: An Expanded Internship Program

The demand for skilled labor in the Permian Basin continues to grow, with analysts projecting the addition of more than 11,000 new jobs in the region over the next five years. To help build the interest and skills needed to meet the energy industry’s workforce demands, University Lands hosted eight students from multiple UT institutions, Texas A&M University and Texas State University over the summer of 2023 as part of its initial participation with the University of Texas System’s (UTS) internship program. Participating in UTS’s internship program offers students a rich and comprehensive experience. In addition to being paid for the 10-week program, interns benefit from valuable professional development and mentorship opportunities. Each intern is matched with a seasoned professional mentor who supports them throughout their

internship, fostering vital connections to expand their professional network.

With this group of interns, University Lands doubled the number of students previously hosted and expanded the fields of study beyond engineering and geology to also include marketing, business leadership, accounting, legal and web development. While the internships benefitted the students, providing real-world work experiences that included a site visit to the Permian Basin to tour operations on the lands and a stop by the Santa Rita #1 well site, the work they performed is being utilized in University Lands’ operations and strategies. Their projects included geoscience projections, accounting analysis, legal research, business development and website and social media enhancements.

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