KEY OIL & GAS DEVELOPMENT ACTIVITY The PUF Lands span the Delaware Basin, Northern Midland Basin, Southern Midland Basin, and the Central Basin Platform with more than 200 companies operating 10,000 producing wells. New development in FY2020 saw 190 wells come online and 1.65 million lateral feet drilled. Production from PUF Lands hit 290,000 million barrels of oil equivalent per day, and UL’s cumulative net royalty production for the fiscal year was 23 million barrels of oil equivalent. To ensure continued development and value creation, University Lands’ Oil & Gas Mineral Management team negotiated five significant agreements with operators to secure an additional 1 million feet of future lateral footage obligations.
DELAWARE BASIN
SOUTHERN MIDLAND BASIN FY2020 Wells Lateral Ft Hz Spud 27 293,000
FY2020
Wells
Lateral Ft
Hz Spud
84
582,,000
Hz 1 st Prod
52
470,000
Hz 1 st Prod
38
337,000
¯
Centra Basin Platform
Otero
Eddy
Lea
LOVING
WINKLER
EL PASO
HUDSPETH
Delaware Basin
WARD
CULBERSON
REEVES
JEFF DAVIS
BREWSTER
20
Oil & Gas Mineral Management
PRESIDIO
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