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Oil & Gas Development
Oil & Gas development
University Lands’ Mineral & Surface Land team and the Natural Resource Development team strategically focus on maximizing development of oil and gas minerals on PUF Lands. The teams are comprised of experienced land, geoscience, engineering, and data professionals whose work combine deep technical understanding of resources and effective contracting strategies. The team promotes optimized full-field development to retain and attract value to the PUF lands by: Identifying best practices in completion designs, landing depth and development strategies Working with operators towards continuous and well-paced development Performing comprehensive subsurface studies to understand recoverable resource potential Improving compliance and accuracy of data retrieval, and the application of innovative data analytics Working with operators where opportunities exists for growth and/or improved economics, including the testing of new formations and the piloting of varying well spacing and completions methods
Negotiating agreements and other contracts that maximize the development value of the minerals Ensuring rights under existing contracts and state statutes are being met
Identifying opportunities to repatriate acreage
Initiating and helping direct acreage swaps between operators to maximize horizontal development opportunities
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