3
History
Fiscal Year 2021 Annual Report
History
2021
University Lands restores the historic site of the Santa Rita #1 well
2019
University Lands records the highest production of oil and gas from PUF Lands in its history
2009
The Permian Basin shale boom begins
1929
The Board for Lease of University Lands is created
1923
Oil is discovered at the Santa Rita #1 well on PUF Lands in Reagan County, and the PUF endowment receives its first royalty check for $516.53
1839 1883
An additional 1 million acres are added to PUF Lands
1876
The State of Texas Constitution appropriates 1 million acres of land in West Texas to the Permanent University Fund (PUF). These lands would become known as PUF Lands The Congress of the Republic of Texas sets aside fifty leagues (220,000 acres) of land for the establishment and endowment of a university
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