With roots dating back to 1838, University Lands is charged with the management of the Permanent University Fund (PUF) lands, the 2.1 million acres in West Texas owned by the University of Texas System. Revenues generated from the myriad of surface and subsurface activities on the PUF lands benefit both the University of Texas and Texas A&M Systems.
Oil was first discovered on the PUF lands in 1923, and royalties from oil and gas production have been a primary revenue driver at University Lands since. The shale revolution and increase in horizontal drilling of the 2000s further increased the contributions of oil and gas development, enabling University Lands revenues to top $1.1 billion in FY2014.
On February 24th, Mark Houser, CEO of University Lands, will share the story of the PUF lands and outline his charge as its new CEO. Mark will discuss what and he and his team are doing to develop more efficient ways to maximize the value of this unique acreage holding in the resource-rich, multi-zoned Permian Basin.
Please join us for this informative discussion. The popular format of a Business & Social Networking hour followed by an hour long program including a Q&A session, will begin at 5:00 pm in the Mezzanine.
*SEASON PASS HOLDERS: You do not need to register for this event, as your Season Pass has automatically registered you for all 2015 – 2016 Business Development events. Thank you for being a Season Pass Holder!
Mark your calanders for the remainder of the 2015 -2016 Season!
2016: April 6, April 27, May 25, NEW! June 22