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Payments & Reports

The University Lands (UL) Accounting group is responsible for the timely deposit of all UL revenue and allocation of revenue to the proper accounting staff.

UL’s electronic reporting system, COMPASS, enables customers to report their oil and gas production and royalty payment details electronically. Compass allows oil and gas customers to review their customer account balances and make adjustments as needed.

The UL Accounting group audits oil and gas production, reconciles oil and gas royalty payments and monitors lease compliance. Invoices for commercial leases, easements, drilling, grazing, penalty and interest, and minimum royalties are created and distributed by the UL Accounting group.