UTA Receives First Natural Gas Royalty Check
The University of Texas has received the first of their monthly natural gas royalty checks — and it’s a whopper.
The $528,495 check is the first royalty payment related to the six wells that were developed on campus last year and that went into production in November 2008.
Others who will receive their first monthly royalties related to these wells include First Baptist Church of Arlington, the City of Arlington, the State of Texas and several neighbors in the College Hills neighborhood as well as other areas.
“This is exciting news for the University and for our community,” said UT Arlington President James D. Spaniolo. “We look forward to using the University’s royalties to support undergraduate scholarships and graduate fellowships, faculty and staff recruitment and retention and the campus master plan.”