Activities of University Lands
The activities of University Lands are comprised in the following three areas:
Surface Interests, and Accounting
The primary goal of Mineral Interests is to promote exploration, development and production of oil, gas and minerals on PUF lands.
Mineral Interests also ensures that oil and gas production is assigned to the proper leases. more…
Surface Interests is involved with all surface activities on the Permanent University Fund lands.
These activities include the leasing of land for business sites, issuing easements for pipelines,
power lines, utility lines, and ingress/egress across the University lands.
Issuing permits for various oil field operations and monitoring surface oil field operations are
also included in surface activities. more…
The 66th Legislature assigned accounting responsibility for PUF lands to the Board of
Regents of The University of Texas System, effective September 1979.
In turn, the Regents created
University Lands Accounting.
The primary goal of Accounting is to ensure the collection of all appropriate royalties and to
maximize interest earnings. more…