CKX Lands, Inc. (CKX) is engaged in the business of ownership and management of land. The Company's primary activities consist of leasing its properties for minerals in oil and gas, raising and harvesting timber, and surface use (agriculture, right of ways, hunting). The Company's segments include oil and gas, surface, and timber. The Company leases its 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. CKX receives income from royalty interests and mineral leases related to oil and gas production, timber sales, land sales and surface rents. CKX is passive in the production of income from oil and gas production in that it does not explore for oil and gas or operate wells. Its timber income is derived from sales of timber on Company lands. Its surface income is earned from various recurring and non-recurring sources. The Company owns a total of approximately 13,711 net acres.
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