FISCAL YEAR 2025 HIGHLIGHTS
Revenue
Gross revenues totaled $1.86 billion with PUF revenue coming in at $1.72 billion and AUF revenue at $143 million. AUF income increased by 12.6% over FY2024. The FY25 total value of proved reserves increased 13% year- over-year primarily due to more PDP wells and PUD wells as results of strong activities in unconventional basins.
Reserves
Expenses
Annual expenses were $30 million and represented 1.63% of gross revenue or $0.86 per barrel of equivalent production unit cost.
Production
UL performed 1,694 oil & gas lease inspections and a total of 186 unproductive oil & gas wells were plugged with the surrounding areas remediated and returned to pastureland. Production rates averaged around 450,250 gross barrels of oil equivalent (BOE) per day. UL’s mineral royalty averaged 21.25% for oil, gas & NGLs equaling a cumulative net royalty volume of 35 million BOE. Wind and solar are the primary sources of alternative energy on PUF Lands, along with several battery energy storage systems and cryptocurrency mining facilities. The emerging energy team continues to assess strategic large-scale surface uses including data centers, renewables, and gas power generation.
Environment
Emerging Energy
7
Made with FlippingBook - Online magazine maker