Photographer: Daniel Acker

Oil-Rich University Aims to Unlock More Wealth From Shale Acres

Updated on
  • Pancaked layers of oil-soaked rocks forcing lease updates
  • Market downturn provides an opportunity to renegotiate terms

The University of Texas is looking for new ways to cash in on 2.1 million acres of prime oil assets obtained through land grants more than a century ago.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.