Market Research Report: University Lands
Overview
University Lands (UL) is a pivotal organization responsible for managing approximately 2.1 million acres of surface and mineral interests across nineteen counties in West Texas. These resources are administered primarily for the benefit of the Permanent University Fund (PUF), supporting over twenty educational and health institutions within the University of Texas and Texas A&M University Systems.
Key Operations
Land Management
University Lands oversees both surface and mineral management of its properties. This includes activities such as leasing land to oil and gas companies, with UL retaining a royalty interest in the productions. Surface management also encompasses well administration and various leasing activities, enhancing the economic utility of the land.
Revenue Generation
University Lands is renowned for its successful lease sales, contributing significantly to the PUF. Notably, one high-profile sale raised $118 million for Texas higher education. The organization continues to explore oil and gas development opportunities, exemplified by Lease Sale 132.
Leadership Team
University Lands is supported by an experienced executive team, guiding the strategic operations of the organization:
- William R. "Billy" Murphy, Jr., CEO, brings over 15 years of experience in land and minerals management, previously serving at King Ranch Inc.
- Maryam Schellstede, COO, is recognized for her strategic leadership in energy and is among the "40 under 40" executives.
- Richard Brantley, Senior VP of Operations, has been with University Lands since 1999, providing extensive operational expertise.
- Kate Champion, Senior VP and Chief Legal Officer, ensures robust legal oversight and is an alumnus of the University of Houston Law Center.
- Sonya Csaszar Kirgan, VP of Legal, manages legal operations, having served as Interim Chief Legal Officer.
- Brian Owen, Senior VP of Land, contributes over 25 years of experience in land management across multiple states.
Strategic Initiatives
University Lands is focused on energy-related development strategies, emphasizing emerging energy opportunities on PUF lands. The organization seeks to expand basin development, hosting forums and networking events with industry leaders and stakeholders. New agreements are continuously negotiated to bolster UL's portfolio, ensuring sustained benefits to the PUF.
Headquarters and Contact Information
University Lands operates offices in both Houston and Midland, Texas:
- Houston Office: 825 Town and Country Lane, Ste 1100, Houston, TX 77024, Phone: (713) 352-3808
- Midland Office: 704 W Dengar Ave, Midland, TX 79705-5319, Phone: (432) 684-4404, Fax: (432) 683-8780
For further information, visit their [official website](https://universitylands.utsystem.edu/).
Competitive Profile: University Lands
Competitive Landscape
University Lands operates within a competitive landscape, with direct competitors that include:
- University of Wisconsin
- TSTC Harlingen
- Texas Hispanic-Serving Institutions Consortium
- The Texas State University System
This competitive environment underscores the intersection of land management and educational services, emphasizing the importance of strategic alliances and operational efficiency for University Lands' competitive edge.
Industry Details
University Lands is aligned with educational services, as defined under SIC Code: 8221 and NAICS Code: 611310. Notably, the organization's operations not only fall within the oil and energy sector but also serve significant educational purposes by supporting university funding through strategic natural resource management.
Organizational Insight
The organizational structure of University Lands highlights Duane Wood as a key contact, serving as a Business Analyst/Project Manager. Understanding the roles and duties of personnel like Wood provides a glimpse into the company's operational strategies and decision-making processes.
Strategic Importance
By managing extensive land resources, University Lands plays a crucial role in the educational financing framework of Texas. The funds generated from their operations significantly support the educational missions of beneficiary institutions of the Permanent University Fund, positioning University Lands as a linchpin in both land/resource management and educational domains. Stakeholders considering engagement or collaboration must appreciate the dual sectors University Lands effectively serves.
