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Publication Year
2003
Series
Geological Circular
Abstract

Oil and gas resources on University Lands, 2.1 million acres in 19 West Texas counties, constitute a major asset of the University of Texas System. The original oil in place (OOIP) of the 102 major University Lands oil reservoirs is calculated to be 7,520 MMbbl. Components of the calculated OOIP include residual oil (3,761 MMbbl, 49 percent), cumulative production (1,702 MMbbl through 1999, 23 percent), remaining reserves (125 MMbbl, 2 percent), and unrecovered mobile oil (1,932 MMbbl, 26 percent).