CKX Lands Inc (CKX) Financial

CKX Lands, Inc. engages in the business of owning land and mineral interests. The company is headquartered in Lake Charles, Louisiana. Its activities consist of leasing its properties for minerals (oil and gas), raising and harvesting timber and surface use (agriculture, right of ways, hunting). Its segments include oil and gas, surface and timber. The company leases property to oil and gas operators and collects income through its land ownership in the form of oil and gas royalties and lease rentals and geophysical revenues. The company receives income from royalty interests and mineral leases related to oil and gas production, timber sales, land sales and surface rents. Oil and Gas segment provides the customer access to a designated tract of land upon which the customer performs exploration, extraction, production and ultimate sale of the oil and gas. The company receives royalties on all oil and gas produced by the customer. Timber income is derived from the sales of timber on its lands. Surface income is earned from various recurring and non-recurring sources.