Chron: University Lands to expand water services in the Permian Basin
The state-owned mineral leasing and royalty company University Lands is expanding its water services in West Texas as water becomes a multibillion dollar business in the arid Permian Basin
University Lands,which also manages water rights on state lands, recently signed a deal with Fountain Quail Energy Services of Irving for a number of water-related services in the Andrews County, said University Lands CEO Mark Houser.
University Lands manages the mineral, surface and water rights for 2.1 million acres of land in West Texas with the proceeds going to the Permanent University Fund, or PUF. Founded in 1876, the fund supports both The University of Texas System and the Texas A&M University System. PUF received more than $1 billion of income from mineral rights during fiscal year 2018, state figures show.
University Lands’ concern for conserving water is part of the reason that it awarded the water management contract to Fountain Quail, which has a particular expertise in oilfield water recycling.
Fountain Quail deployed the first prototype of its water recycling technology in the Barnett Shale of North Texas in 2004. The company offers water recycling equipment that can be installed permanently at a busy site as well as a mobile version that can be moved from site to site.