Profile: CKX Lands Inc (CKX.A)

CKX.A on American Stock Exchange

16.30USD
26 Aug 2014
Price Change (% chg)

$0.40 (+2.52%)
Prev Close
$16.10
Open
$16.00
Day's High
$16.40
Day's Low
$16.00
Volume
705
Avg. Vol
113
52-wk High
$16.80
52-wk Low
$13.75

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CKX Lands, Inc. owns land and mineral interests, all of which are located in Southwest Louisiana. The Company collects income from this land in the form of oil and gas royalties, agriculture rentals and timber sales. The Company is not involved in the exploration or production of oil and gas nor does it actively farm its lands. These activities are performed by others for royalties or rentals. Parts of the Company’s land are owned in division with other owners. The Company’s ownership share in most of this acreage is one-sixth. The owners jointly operate an entity known as Walker Louisiana Properties (WLP) to manage this acreage.

Oil and gas royalties are paid by the operators who own the wells. Timber income is paid by the highest bidder of the timber. All of the agriculture income comes from tenants who pay annual cash rents. The Company’s customers are those who have mineral leases on the Company’s property or purchase the timber in competitive bids or execute farming leases. As of December 31, 2011, the Company owns a total of 12,505 net acres in the Louisiana Parishes of Allen, Beauregard, Calcasieu, Cameron, Jefferson Davis, LaFourche, Sabine, St. Landry and Vermilion.

Company Address

CKX Lands Inc

Suite A, 1424 Ryan Street
LAKE CHARLES   LA   70601
P: +1337.4932399

Company Web Links

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