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.
Lease Sale 130 Call For Nominations1
We are excited to announce that University Lands has a new method for accepting nominations for our pending Lease Sale!1 Nominations must be recieved no later than 5:00 PM CST, Monday, June 14, 2021.
1 Lease Sale 130 is still pending Board for Lease approval.
It has been a year like no other, see UL's year-in-review in our FY2020 annual report.
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.