Relating to the flaring and venting of methane gas on land dedicated to the permanent university fund.

SB 1157 requires the University of Texas System to eliminate routine methane flaring and venting on its lands by 2029. Oil and gas operators leasing university land must submit plans prohibiting routine flaring, complying with EPA methane standards, and conducting quarterly leak inspections using equipment like optical gas imaging cameras. The university board reviews these plans with assistance from its Bureau of Economic Geology, and operators must demonstrate efforts to find productive uses for gas before flaring is permitted. This bill directly affects all lessees operating on lands dedicated to the Permanent University Fund.