University Lands is pleased to announce we are accepting nominations for a possible Lease Sale (Date pending The Board for Lease of University Lands’ approval). We have a new application and process for nominating tracts; please follow the attached instructions. A link to the site is listed in the attachment. Nominations must be received no later than Midnight, Thursday, June 15, 2023. All nominations are kept confidential. For additional information email LeaseSale@utsystem.edu.
University Lands closed lease sale #131 on Wednesday, Oct 12, 2022 with its 7th highest grossing sales to date.
The University Lands' Board for Lease held a special meeting on Tuesday, August 16, 2022 to consider University Lands' request for a lease sale to be held on Wednesday, October 12, 2022.
GIS Supervisor, Jeff Kenney, and GIS Developer, Martha Barboza, led a breakout session at the 2022 Esri Energy Resources GIS Conference and shared how UL uses 3D web interface to visualize complex subsurface well and lease relationships for the thousands of mineral leases on the 2.1 million acres it manages.
University Lands Sr. System Analyst, Hilda Espinoza, has been integral in developing UL’s data governance and data management systems, and this week she shared UL’s journey at the Professional Petroleum Data Management (PPDM) Association Houston Expo 2022.
Industry leaders from the Permian Basin convened in Midland, TX to learn the latest news and trends around energy development operations on PUF Lands at University Lands' 5th annual forum. This event provided an opportunity to engage with University Lands and its energy operators. We discussed topics key to successful operations on our lands and talked with executives to share their strategies around production development concepts and emissions reduction efforts.
University Lands has restored the site of the first well to produce crude oil on its lands. The site of the Santa Rita #1 well, about an hour outside of Midland, TX, in Reagan county, received a complete makeover while preserving as much of the site’s original fabric as possible.
University Lands has teamed up with PDS Energy to facilitate information sharing between its organization and oil and gas operators. PDS Energy's Well Data Exchange provides an excellent solution to streamline the redundant, time-consuming process of submitting and receiving well information from our lessees. We are excited to provide this efficient option to operators on our lands.
It has been a year like no other, see UL's year-in-review in our FY2020 annual report.