United States

Profile: CKX Lands Inc (CKX.A)

CKX.A on American Stock Exchange

28 Apr 2016
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CKX Lands, Inc., incorporated on June 27, 1930, owns land, timber, and mineral interests and collects income through its 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 100% interest in 6,243 acres, 16.667% undivided interest in 35,575 acres, 40% undivided interest in 1,579 acres and 50% undivided interest in 443 acres resulting in an ownership of approximately 13,025 net acres located in the Louisiana Parishes of Allen, Beauregard, Calcasieu, Cameron, Jefferson Davis, LaFourche, Sabine, St. Landry and Vermilion. Of the total 13,025 net acres owned by the Company, timberland comprises 9,637 acres, 2,251 acres are agricultural land, 943 acres are marsh land and 194 acres are future subdivision land.

Oil and gas royalties are paid by the operators who own the wells. Timber income is paid by the highest bidder of the timber. There are several 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. Oil and gas revenues were 56.66% of the Company's total revenues in 2014. The Company has small royalty interests in 37 different producing oil and gas fields. The size of each royalty interest is determined by the Company's net ownership in the acreage unit for the well.

Company Address

CKX Lands Inc

700 Pujo St Ste 200
LAKE CHARLES   LA   70601-4378
P: +1337.4932399

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