Profile: CKX Lands Inc (CKX.A)
22 May 2017
CKX Lands, Inc., incorporated on June 27, 1930, is engaged in the business of ownership and management of land. The Company's primary activities consist of leasing its properties for minerals (oil and gas), raising and harvesting timber, and surface use (agriculture, right of ways, hunting). The Company's segments are oil and gas, surface and timber. The Company owns land, timber and mineral interests, and collects income through the ownership in the form of oil and gas royalties, timber sales, and surface leases for farming, right of way and other uses. The Company is not involved in the exploration or production of oil and gas nor does it actively farm its lands. The Company owns a total of approximately 13,195 net acres all located in Louisiana.
The Company holds interests in approximately 6,389 acres and undivided interests in approximately 38,080 acres, resulting in an ownership of over 13,195 net acres. Of the total approximately 13,195 net acres owned by the Company, timber land comprises 9,833 acres, 2,225 acres are agricultural land, 943 acres are marsh land and 194 acres are subdivision land.
Oil and gas royalties are paid by the operators owning the wells. Timber income is paid by the highest bidder for the timber. There are various mills in the immediate area that compete for timber. Surface income is received for farming, right of way or other surface land uses. The prices paid for oil, gas and timber depend on national and international market conditions. Prices paid for surface leases depend on regional and local market conditions.
CKX Lands Inc
1508 Hodges St
LAKE CHARLES LA 70601-6013