University Lands FY20 Annual Report

EMISSIONS University Lands strives to be a leader in environmental stewardship and set the standard for best land and mineral management practices across the state. University Lands supports adopting and following strong environmental safeguards and policies and works continuously to promote production practices that reduce methane emissions. Active participation and sponsorship of the Department of Energy’s National Energy Technology Laboratory study titled “Quantification of Methane Emissions from Marginal (Small Producing) Oil and Gas Wells,” and the Methane Emissions Technology Evaluation Center (METEC), assures that University Lands is informed and aware of the best available technologies and practices to control and monitor greenhouse gas emissions. University Lands continues to promote and support the American Petroleum Institute’s “The Environmental Partnership,” which now includes more than 80 of the top US producers who are collectively committed to reducing emissions from oil and gas production facilities.

Since 2014, oil and gas production on PUF Lands has increased by 52%, while emissions are continuing to decrease. On a unit basis, emissions are down 61% per barrel of production during the same time period.

450

0.0160

400

0.0140

350

0.0120

300

0.0100

250

0.0080

200

0.0060

150

0.0040

100

0.0020

50

-

0.0000

2011

2012

2013

2014

2015

2016

2017

2018

2019

Emissions from PUF Lands per BOE

Emissions from PUF Lands

PUF Lands Avg Prod Rate (BOED)

Emissions data gathered from EPA’s 2019 GHGRP data set. EPA estimates that only 85-90% of GHGRP is reported. UL emission numbers were adjusted by a total of 30% to account for EPA’s estimates and additional lack of reporting from known operators in 2019.

32

Environmental Stewardship

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