University Lands FY21 Annual Report

34

Environmental Stewardship

Greenhouse Gas Emissions (GHG) Management Optical Gas Imaging Inspections

OGI emission compliance inspections conducted 82

University Lands engages in continuous dialogue with its largest operators on the topic of reducing greenhouse gas emissions. As fiscal year 2021 closed, approximately 80% of oil production on PUF Lands was operated by large public companies. These producers have made ambitious public commitments to eliminate routine flaring and make substantial reductions in methane emissions and are meeting these commitments by continuously installing and/or upgrading production facilities. University Lands supports our operators’ objectives and strive to lead the Permian Basin in overall emission reduction through the continuous performance of air inspections performed by University Lands staff.

Emission Inspections Conducted by UL

20

52

Advanced thief hatch & tank level installation

82

High-volume vapor recovery installation

Production facility with redundant emissions controls

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