In 2023 University Lands is celebrating this important milestone – the 100-year anniversary of the Santa Rita No. 1 well – the well that started it all!
The Santa Rita No. 1 well was the first oil well discovered on PUF Lands.
Its discovery launched the Permian oil exploration boom.
Since its discovery, the Permian has become the largest and most productive basin in the U.S. Since 1923, over $10.7B in oil & gas revenue has been generated on PUF Lands that has gone to benefit over 21 universities and state agencies in the University of Texas and Texas A & M University Systems.
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