University Lands FY22 Annual Report

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!

ƒ The Santa Rita No. 1 well was the first oil well discovered on PUF Lands.

ƒ Its discovery launched the Permian oil exploration boom.

ƒ Since its discovery, the Permian has become the largest and most productive basin in the U.S. ƒ 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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