Mineral Resources
Our mineral resources segment is focused on maximizing the value from royalties and other lease revenues from our oil and gas mineral interests and water rights located in Texas, Louisiana, Alabama and Georgia.
These operations have historically required low capital investment and we use the cash flow generated by our mineral interests to accelerate real estate value creation activities. Our strategy for maximizing value from our oil and gas mineral interests is to move acres up the minerals value chain by increasing the acreage leased, lease rates and royalty interests. Currently, we have approximately 622,000 net acres of oil and gas mineral interests.
Mineral Acres: Value Creation Opportunity
Acres are moved up the minerals value chain by increasing the acreage leased, lease rates and royalty interests.
| Value Chain | Net Acres | Relative Capital Required |
|---|---|---|
 RevenueInterest in production – 339 wells |
25,000 | Low |
 LeasingMineral acreage leased for exploration |
77,000 | Book basis |
 LocationMineral acreage available for lease |
520,000 | Book basis |
| Total Mineral Net Acres | 622,000 |