University Lands FY20 Annual Report

FY19 PERFORMANCE 20

GROSS REVENUE

$849M

NET TOTAL RESOURCE

$78M Available University Fund Revenue (Surface)

$771M Permanent University Fund Revenue (Minerals)

2,095 MMBOE

237 MMBOE Net Proved Reserves

EXPENSES

$22M

LATERAL FEET DRILLED 1.65MM

2.6% of Gross Revenue

$.96 Expenses/BOE

190 Wells Put-on-Production

NET ROYALTY PRODUCTION

23,000 MBOE

7

Fiscal Year 2020 Annual Report

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