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University Lands (UL) manages the surface and mineral interests of 2.1 million acres of land across nineteen counties in West Texas for the benefit of the Permanent University Fund (PUF).
As a leading land and mineral management organization in Texas, University Lands (UL) is committed to delivering funding for University of Texas System and the Texas A&M System institutions while responsibly meeting the growing global energy demand for current and future generations.
Electronic Funds Transfer: TEXNET (State of Texas Financial Network) Purchaser Look-up; TEXNET Electronic Funds Transfer – University Lands
The location fee includes damages exclusively on the applicable company oil/gas lease for well location, tank battery on existing well pad, flow-lines, power lines, etc. and use of existing roads for ingress/egress. Damaged area includes pads, drilling/reserve pits, laydown area, etc.
Situated over major and minor aquifers, University Lands proactively manages its water resources. Water use by the petroleum industry and municipalities generates revenue for University Lands and supports the West Texas economy.
A permit is required to conduct a surface/near-surface exploration survey on the University lands. The permit is issued by the University Lands office in Midland and is effective for 120 days.
Houston Office 825 Town and Country Lane Ste 1100 Houston, TX 77024 Phone: (713) 352-3808
University Lands is the fiduciary steward of 2.1 million acres of land across 19 counties in West Texas, managing both the surface and mineral interests for the benefit of the Permanent University Fund (PUF).
University Lands Advisory Board. In 2014, the U.T. System Board of Regents (BOR) created the University Lands Advisory Board (ULAB) to provide strategic direction to the University Lands organization and play an advisory role to the BOR regarding its operations and management.
Leases for Oil and Gas Development. University Lands (UL) manages the mineral interests of the 2.1 million acres of PUF Lands. UL leases the land to oil and gas operating companies and retains a royalty interest in any mineral production.