University Lands has published its first ever annual report for fiscal year 2019 which was an unprecedented year for the organization.
EnerCom held its annual The Oil & Gas Conference® this week in Denver, Colorado, which was attended by investment professionals and key senior management teams from more than 100 companies from across the globe.
On Wednesday morning, University Lands Senior Vice President of Operations, Richard Brantley, gave a presentation outlining UL’s water management initiatives for its 2.1 million Permian acres. Brantley focused on “full-cycle water management,” in which the scale of the UL’s acreage can be utilized to consolidate operations and bring a responsible, economic and holistic approach to water management.
Previously announced October 2019 lease sale canceled due to minimal interest during nominations period. Please check back in early 2020 for news regarding our next possible lease sale!
University Lands presented one of its recent Permian Basin case studies at the 2019 Unconventional Resources Technology Conference (URTeC) held in Denver, CO this past week. Led by Senior Engineering Advisor Hongjie Xiong, the team illustrated the case for maximizing reservoir development with optimal full field development plans (FDPs). Utilizing optimal well spacing and corresponding well completion design, the study shows that there is a sweet spot that will allow operators to realize significant increased value in recovered resources.
University Lands’ Senior Engineering Advisor Hongjie Xiong on Thursday presented an SPE case study on well completion optimization at Marathon Oil’s Reservoir Engineering Forum. UL’s engineering team recently completed the seven- well case study using the latest complex fracture modeling and reservoir simulation technologies. The application of these technologies could potentially help operators save significant time and money on well completion and space piloting projects, thus speeding up field development decisions.
Industry leaders came together on Thursday, June 13 for University Lands’ 4th annual Partner Forum. Held at the stunning Wagner Noel Performing Arts Center in Midland, over 120 attendees representing 40 active operators on PUF Lands were updated on a broad range of University Lands priorities from full-field resource development to full-cycle water management.
UL has launched a new cost-sharing initiative to encourage oil and gas operators to implement measurable emission reduction programs on its lands.
University Lands held its 129th mineral lease sale online with EnergyNet.com on September 19, 2018, which resulted in ~25,000 acres of Permanent University Fund (PUF) land being leased for a total of $24,000,000 in lease bonus revenue.
The University Lands Board for Lease Meeting will be webcast Monday, July 30th 2018 at 2:00pm CDT. This meeting can be viewed live or after from the following link. Monday, July 30, 2018 Webcast Link
University Lands held its 3rd annual Partner Forum on Wednesday, April 25th at the DoubleTree Hotel in Midland. Representatives from ~40 operating companies that work on PUF Lands attended the full-day event. Topics included updates from University Lands leadership; operator presentations from Elevation Resources, Oxy, Pacesetter, Shell, and Hunt Oil; lunch with IHS Markit; as well as a featured presentation from The Environmental Partnership. The day ended with a special appearance from Texas Land Commissioner, George P. Bush.
Click "continue" below to access the materials from the day: