University Lands | The University of Texas System
Austin, Texas, United States
University Lands | The University of Texas System
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University Lands, the entity charged with managing 2 million acres of land in West Texas for the benefit of the Permanent University Fund.
About University Lands | The University of Texas System
University Lands, which comprises 2.1 million acres of land in West Texas, was established by the Texas Constitution in 1876 for the benefit of the UT and Texas A&M systems of higher education. Revenue from oil and gas leases on University Lands flows to the Permanent University Fund, an endowment that today is valued at $17.5 billion.
Recent advances in technology have dramatically improved the ability to recover oil and gas from reservoirs that previously were non-productive. As a result, gross production on University Lands has more than doubled since 2008, and revenue has tripled since 2010.