THE UNIVERSITY OF TEXAS SYSTEM

UNIVERSITY LANDS - WEST TEXAS OPERATIONS

FOR THE YEARS 1991 - 1995

INCOME FROM OIL AND GAS
PRODUCTION, LEASING AND RELATED TRANSACTIONS

	Years Ending August 31
	1991	1992	1993	1994	1995
PERMANENT UNIVERSITY FUND
Oil Royalty	$ 66,431,981	$ 47,991,204	$ 46,999,881	$ 35,800,493	$ 36,697,088
Gas Royalty	18,617,455	13,378,548	17,953,156	17,112,544	14,516,485
Oil and Gas Rentals	681,248	564,768	615,118	587,185	540,888
Bonuses:
Amendments & Extensions	91,414	2,506	10	7,884	2,634
Oil and Gas Lease Sale	2,383,108	1,932,666	2,740,202	4,881,029	4,313,279
Unitization Payments	0	0	0	35,481	0
SUBTOTAL PUF INCOME	$ 88,205,206	$ 63,869,692	$ 68,308,367	$ 58,424,616	$ 56,070,374
AVAILABLE UNIVERSITY FUND
Transfer & Relinquishment Fees	111,340	(4,402)	47,074	140,714	58,128
Interest and Penalty	226,103	177,967	1,241,742	489,086	137,494
SUBTOTAL AUF INCOME	$ 337,443	$ 173,565	$ 1,288,816	$ 629,800	$ 195,622
TOTAL INCOME: OIL & GAS	$ 88,542,649	$ 64,043,257	$ 69,597,183	$ 59,054,416	$ 56,265,996

INCOME FROM SURFACE INTERESTS AND OTHER MINERALS
PRODUCTION, LEASING AND RELATED TRANSACTIONS

	Years Ending August 31
	1991	1992	1993	1994	1995
PERMANENT UNIVERSITY FUND
Water Royalty	$ 997,131	$ 693,402	$ 940,701	$ 1,112,962	$ 768,136
Brine Royalty	55,831	50,816	59,250	66,968	63,395
Sulphur Royalty	0	(10,599)	0	0	0
Water and Brine Rentals	25,718	27,965	11,178	15,236	10,241
Sale of Sand, Gravel, etc.	24,361	10,050	23,979	1,685	185,307
SUBTOTAL PUF INCOME	$ 1,103,041	$ 771,634	$ 1,035,108	$ 1,196,851	$ 1,027,079
AVAILABLE UNIVERSITY FUND
Surface Leases	1,060,345	1,251,496	905,307	1,015,533	1,232,310
Grazing Leases	2,526,685	2,387,716	2,171,623	2,459,359	2,016,868
Wine Sales & Rentals	41,511	165,728	177,972	269,353	282,843
Exploration Permits	11,200	6,000	4,000	10,119	8,800
Saltwater Disposal	163,918	153,825	132,365	133,000	146,107
Underground Storage	35,810	19,748	30,037	26,234	56,371
SUBTOTAL AUF INCOME	$ 3,839,469	$ 3,984,513	$ 3,421,304	$ 3,913,598	$ 3,743,299
TOTAL INCOME: SURFACE INTERESTS & OTHER MINERALS	$ 4,942,510	$ 4,756,147	$ 4,456,412	$ 5,110,449	$ 4,770,378

	Years Ending August 31
	1991	1992	1993	1994	1995
TOTAL ALL PUF INCOME	$ 89,308,247	$ 64,641,326	$ 69,343,475	$ 59,621,467	$ 57,097,453
TOTAL ALL AUF INCOME	$ 4,176,912	$ 4,158,078	$ 4,710,120	$ 4,543,398	$ 3,938,921
TOTAL ALL INCOME	$ 93,485,159	$ 68,799,404	$ 74,053,595	$ 64,164,865	$ 61,036,374