University Lands FY20 Annual Report



University Lands continues to focus on optimal development of its best-in-class oil and gas minerals by aligning a deep technical understanding of available resources and effective contracting strategies. The Mineral & Surface Land Team and Natural Resource Development Team – comprised of experienced land, geoscience, engineering, and data professionals – work together to apply innovative approaches for maximizing PUF value.

Pumpjack – Andrews County

WPX Felix Mega Pad

The team promotes optimized full-field development to retain and attract value to the PUF lands by:

• Identifying best practices in completion designs, landing depth and development strategies • Working with operators towards continuous and well-paced development • Performing comprehensive subsurface studies to understand recoverable resource potential • Improving compliance and accuracy of data retrieval, and the application of innovative data analytics • Working with operators where there exist opportunities for growth and/or improved economics, including the testing of new formations and the piloting of varying well spacing and completions methods • Negotiating agreements and other contracts that maximize the development value of the minerals • Ensuring rights under existing contracts and state statutes are being met • Identifying opportunities to repatriate acreage • Initiating and helping direct acreage swaps between operators to maximize horizontal development opportunities


Oil & Gas Mineral Management

Made with FlippingBook - Online magazine maker