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Oil & Gas Management
Oil and gas minerals remain the foundation of revenue generation from the Permanent University Fund (PUF) Lands. Throughout fiscal year 2025, University Lands (UL) maintained a disciplined focus on the long-term development of these resources, balancing operational efficiency with responsible stewardship. UL applies a collaborative, technically driven approach to minerals management, integrating expertise across land, legal, geoscience, engineering, and data analytics functions. This model supports development strategies that maximize recoverable value while protecting the long-term interests of the PUF Lands.
INTEGRATED TECHNICAL & SUBSURFACE EVALUATION UL conducts rigorous technical studies and subsurface analyses to identify additional recoverable resources, refine development strategies, and inform future exploration activity. These evaluations support data- driven decision-making and long-term resource optimization across the Lands. DEVELOPMENT DESIGN & OPERATIONAL OPTIMIZATION UL works closely with operators to promote advanced development techniques, including optimization of completion designs, well spacing, stacking, and landing depths. These practices support improved efficiency, enhanced recovery, and disciplined capital deployment. COORDINATED DEVELOPMENT PLANNING UL collaborates with developers to design and maintain consistent, well-paced development programs that align technical planning with long-term value creation. This coordinated approach supports efficient execution across large acreage positions while reducing fragmentation and surface impacts. ECONOMIC PERFORMANCE & RESOURCE ADVANCEMENT UL assists operators in testing new formations, piloting alternative well spacing designs, and advancing completion methodologies that enhance economic outcomes. These efforts support continued technical progress while remaining aligned with UL’s stewardship objectives.
DATA, ANALYTICS & COMPLIANCE OVERSIGHT Enhanced data retrieval and analytics capabilities strengthen compliance oversight and improve transparency across operations. These tools support informed evaluation of development activity while reinforcing contractual and regulatory accountability. HORIZONTAL DEVELOPMENT ALIGNMENT UL identifies opportunities to repatriate acreage and encourages coordination among operators to align and optimize horizontal development initiatives. This approach supports efficient resource recovery and improved development outcomes across shared reservoirs. STRATEGIC AGREEMENTS & CONTRACT STRUCTURE UL negotiates and administers agreements designed to promote efficient development while safeguarding the long-term value of the PUF mineral estate. Contract structures are tailored to align development incentives with stewardship priorities. PROACTIVE DEVELOPMENT FRAMEWORKS UL continues to deploy proactive development tools, including the Area Contract for Development framework, to encourage strategic, large-scale acreage development. These tools support coordinated planning and long-term visibility into development activity. CONTRACTUAL & STATUTORY ENFORCEMENT UL requires compliance with contract terms and applicable laws and conducts regular inspections to identify discrepancies. UL requires remediation when necessary and enforces its contractual rights to protect development integrity and uphold stewardship of the PUF Lands.
Through these coordinated efforts, UL supports responsible oil and gas development while ensuring that revenues generated from the PUF Lands continue to benefit the University of Texas and Texas A&M Systems. UL remains committed to disciplined mineral management that reflects both the scale of the resource and the responsibility entrusted to its care.
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