Oil & Gas
We own oil and gas mineral interests in approximately 622,000 net acres* in Texas, Louisiana, Alabama and Georgia. Currently, we have over 77,000 net acres leased for exploration activities and about 25,000 net acres held by production from oil and gas wells.
Leasing mineral acres creates significant value through royalty interests from all revenues generated from oil and gas production activities, as well as bonus payments made at the inception of a new lease and delay rentals. About 520,000 net acres are currently available for lease, presenting significant opportunities for additional value creation.
*Net acres refer to the gross number of surface acres multiplied by our percentage ownership of the mineral interest.