22
Oil & Gas Development
KEY OIL & GAS DEVELOPMENT ACTIVITY
The PUF Lands span the Delaware Basin, Northern Midland Basin, Southern Midland Basin, and the Central Basin Platform with more than 200 companies operating 10,000 producing wells. New development in FY2021 saw 218 wells come online and 1.74 million lateral feet drilled. Production from PUF Lands hit 290,000 million barrels of oil equivalent per day, and UL’s cumulative net royalty production for the fiscal year was 23 million barrels of oil equivalent. To ensure continued development and value creation, University Lands’ Oil & Gas Mineral Management team negotiated five significant agreements with operators to secure an additional 1 million feet of future lateral footage obligations.
Northern Midland Basin Central Basin Platform
DAWSON
GAINES
Central Basin Platform
ANDREWS
Andrews
MARTIN
Lea
Midland
Goldsmith
ECTOR
MIDLAND
WINKLER
Odessa
Kermit
0
225
450
DEVELOPMENT ACTIVITY
Southern Midland Basin/Pecos/VVB
WARD
Crane
QEP
ConocoPhillips
CRANE
Grandfalls
UPTON
IRION
REAGAN
Imperial
Mertzon
RRP
Devon/Felix/WPX
Rankin
Big Lake
McCamey
Diamondback
Sable Sequitur Zarvona
Elevation Pioneer
Fort Stockton
Iraan
SCHLEICHER
PECOS
CROCKETT
Ozona
Sheffield
Oxy
SUTTON
TERRELL
WELL ACTIVITY
0
225
450
900
Miles
BREWSTER
Delaware Central Basin Platform
Drilled
M
Permited Producing
Odessa
Kermit
WINKLER
LOVING
ECTOR
MID
Wink
PERMIAN ACTIVITY ~36% in Delaware Basin ~40% Northern Midland Basin ~20% in Southern Midland Basin ~4% Central Basin Platform
Monahans
Wickett
Pyote
WARD
Barstow
CRANE
Pecos
UPTO
Crane
Grandfalls
REEVES
Imperial
PECOS
Coyanosa
0
225
450
McC
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