University Lands FY20 Annual Report

FLARING University Lands supports the goal of minimizing overall flaring on the Lands and industry-wide. Through regular communications with operators and regulatory bodies, UL encourages best practices to safely reduce routine flaring. These include bringing wells online only when adequate takeaway capacity is online and shutting in production during prolonged upsets. UL recognizes the challenges associated with the complex systems of sustainable upstream gathering and processing facilities in a cost challenged environment. Nevertheless, UL monitors a real-time (in the sense of production reporting deadlines) graphical interface of flared volumes by lease and operator. UL contacts operators reporting atypical flared volumes to discuss contributing factors and corrective actions.

From January 2015 - July 2020, the volume of reported flared gas as a percent of total gas produced on PUF Lands was 2.2%. Reported flared gas as a percent of gas produced for FY20 was 2.1%.

6.0%

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%

2016

2017

2018

2019

2020

Production Date

34

Environmental Stewardship

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