FINANCIALS
FY 2019
FY 2020
VARIANCE
$ millions; subject to rounding
Actuals
Budget
YE Actuals Variance FY20 vs. FY19
ANNUAL VOLUMES Net Oil (MBBL)
14,973 52,136 23,662
14,798 51,649 23,406
14,850 50,012 23,185
0%
-1% -4% -2%
Net Gas + NGLs (MMCF)
-3% -1%
Net Millions Barrels of Oil Equivalent (MBOE)
COMMODITY PRICING West Texas Intermediate (WTI) Average Oil Price Received
$60.78 $53.15
$57.20 $55.71
$46.86 $45.22
-18% -19% -21%
-23% -15% -45%
Average Gas Price Received (including NGLs)
$3.05
$2.14
$1.68
PERMANENT UNIVERSITY FUND (Minerals) Oil Revenue
825 160
824 111
677
-18% -19% -24% -18%
-18% -44% -90% -25%
Gas Revenue
90
Bonuses, Unitization Payments
39
5
4
$1,024
$940
$771
AVAILABLE UNIVERSITY FUND (Surface) Water, Caliche, Damages
23
28
23
-16% -25% -14% -42% -16%
0% 2%
Grazing
4
6
5
Easements, Salt Water Disposal, Commercial
80
56
48
-40% -44% -30%
Interest, Penalty, Assignment Fees
3
3
2
$111
93
$78
$1,135
$1,033
$849
-18%
-25%
TOTAL REVENUE (Gross)
General & Administrative + Operating Costs $/Barrel of Oil Equivalent Production
22
25.8 1.12
22.3 0.96
-14% -14% -18%
1% 3%
0.93
$1,113
$1,007
$827
-25.70%
NET REVENUE
16
Financials
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