The University of Texas at Arlington is the beneficiary of unusually strong production from six natural gas wells on its campus. The school said Monday it received a check for $528,495 from Carrizo Oil & Gas, its first royalty payment from production that started Nov. 4. The school said about 40 percent of the money will go toward undergraduate scholarships and graduate fellowships, with the rest to endowed faculty positions and campus improvements. Other property owners receiving royalty payments from the wells’ production include the city of Arlington, First Baptist Church of Arlington and the state of Texas. Carrizo said it issued a total of more than $675,000 in royalty checks just for November production.
For a complete report, see Tuesday's Star-Telegram.