University Lands FY24 Annual Report

Environmental Stewardship

University Lands (UL) is committed to advancing responsible land management practices across the Permian Basin, focusing on sustainability, habitat restoration, and minimizing the environmental impacts of oil and gas operations. By implementing proactive strategies that balance resource development with ecological preservation, UL is setting the standard for environmental stewardship. In 2024, UL expanded its environmental initiatives, addressing challenges such as inactive and shut-in oil and gas wells while undertaking large-scale restoration projects. Key efforts included plugging and abandoning non-producing wells, reclaiming well pads, and restoring surface areas to their native state. Significant accomplishments included: • 61 lease restoration initiatives • 264 wells plugged and abandoned • 87 tank battery facilities and pumping units removed • 205 caliche well pads reclaimed • 55 miles of caliche roads restored • 110 miles of flowline removed • 60 miles of electric line removed • 79 O&G water wells plugged • 400 acres returned to native pastureland

UL’s ongoing restoration work reflects its commitment to reducing liabilities and emissions while enhancing land for wildlife and livestock. Over the past decade, UL has reclaimed thousands of acres, improving land health and fostering a better environment for future generations. These efforts strengthen public trust, regulatory confidence, and long-term sustainability. Looking ahead, UL remains steadfast in its mission to preserve Texas lands for the benefit of people, wildlife, and the environment.

42 UNIVERSITY LANDS

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