University Lands FY22 Annual Report

FY22 NET PERFORMANCE

$2.22B

Gross Revenue

$2.12B Permanent University Fund Revenue (Minerals) $96M Available University Fund Revenue (Surface)

1,941 MMBOE

Net Total Resource

356 MMBOE Net Proved Reserves

$19.1M

Expenses

0.86% of Gross Revenue $0.72 Expenses/BOE

2.04MM

Lateral Feet Put-on-Production

229 Wells Put-on-Production

26,500 MBOE

Net Royalty Production

MMBOE - millions of barrels of oil equivalent; MBOE - thousands of barrels of oil equivalent

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