18
Financials
financials
FY2019 Actuals
FY2020 Actuals
FY2021 Actuals
Variance
FY20 vs FY21
$ millions, subject to rounding
Net Annual Volumes Oil (MBBL) Gas + NGLs (MMCF)
14,973 52,136 23,662
14,854 50,042 23,194
15,362 47,753 23,321
3%
-5%
Million Barrels of Oil Equivalent (MBOE)
1%
Commodity Pricing West Texas Intermediate (WTI)
$60.78 $53.15
$46.86 $45.22
$48.45 $52.61
3%
Avg. Oil Price Received
16%
Avg. Gas Price Received (including NGLs)
$3.05
$1.68
$3.49
108%
Permanent University Fund (Minerals) Oil Revenue
825 160
677
808 167
19% 85% 16% 27%
Gas Revenue
90
Bonuses, Unitization Payments
39
4
4
Total
$1,024
$771
$979
Available University Fund (Surface) Water, Caliche, Damages
23
23
19
-18%
Grazing
4
5
5
7%
Easements, Renewables & Salt Water Interest, Penalty, Assignment Fees
80
48
37
-23% 55% -18%
3
2
3
Total
$111
$78
$64
Total Revenue (Gross)
$1,135
$849
$1,043
23%
Expenses General & Administrative + Operating $/Barrel of Oil Equivalent Production
22
22
21
-6% -6%
0.93
0.94
0.89
Net Revenue
$1,113
$827
$1,023
24%
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