University Lands FY21 Annual Report

7

FY21 Net Performance

Fiscal Year 2021 Annual Report

fy21 Net performance

$1.043B Gross Revenue

$979M Permanent University Fund Revenue (Minerals) $64M Available University Fund Revenue (Surface)

2,090MMBOE

326 MMBOE Net Proved Reserves

Net Total Resource

1.98% of Gross Revenue $0.89 Expenses/BOE

Expenses $20.7M

2.23MM

220 Wells Put-on-Production

Lateral Feet Put-on-Production

23,000MBOE

Net Royalty Production

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