Oil and Gas | Minerals
Promoting the Exploration of our Minerals
We have mineral interests in some of the most prolific oil and gas basins in the Continental United States.
Forestar owns or has leasehold interest in 792,000 net acres of oil and gas mineral interests located across several prolific oil and gas basins. Over 74% of our net mineral acreage is owned in fee with the remainder being held through leasehold interests.
Forestar owns over 590,000 net acres of oil and gas mineral interests located principally in Texas, Louisiana, Alabama and Georgia. Nearly two-thirds of our owned mineral acres are located in the East Texas, and Gulf Coast Basins in Texas and Louisiana. Our acreage is located in and around several oil, liquid and gas-rich reservoirs, including the Deep Bossier and Bossier-Haynesville Shale, Barnett Shale, Austin Chalk, James Lime, Wilcox, and Tuscaloosa Marine Shale. In addition, we own mineral interests in over 192,000 net mineral acres in Georgia and Alabama and 1,000 acres in both California and Indiana. We typically lease our minerals to third parties for exploration and production of oil and gas, generating lease bonus payments, delay rentals and royalties. We also promote seismic exploration agreements and joint ventures and we invest in lower risk oil and gas working interests.
Forestar has leasehold interests in 172,000 net acres of oil and gas mineral interests located in the Williston and Anadarko Basins and in the Central Kansas Uplift. Our leasehold acreage is located in several formations including the Bakken, Three Forks, Tonkawa, Cleveland, Morrow and Lansing-Kansas City. Our activity on our leasehold interests ranges from average 8% operating working interests in the Bakken/Three Forks to drilling operations in Kansas and Nebraska.
Our Oil and Gas Interests
Forestar has both fee ownership and leasehold interest in mineral acreage located in some of the most prolific oil and gas basins in the continental US. Forestar owns oil and gas mineral interests in approximately 590,000 net acres located principally in Texas, Louisiana, Alabama and Georgia. Forestar has a leasehold interest in approximately 202,000 net acres located in North Dakota, Kansas, Nebraska, Oklahoma, Texas and various other states.
Denver Julesberg Basin
Forestar has interests in approximately 462 net mineral acres in the Denver-Julesburg Basin in Colorado. This basin contains numerous oil and gas producing formations consisting of conventional, unconventional, and tight sand reservoirs. Of these reservoirs, we have mineral interests in and around production trends in the Lewis Shale, Mancos Shale, Niobrara Shale, and Dakota formations.
Fort Worth Basin
Forestar has interests in approximately 1,000 net mineral acres in the Fort Worth Basin. This basin contains numerous oil and gas producing formations consisting of both conventional and unconventional reservoirs. Of these reservoirs, we have mineral interests in and around production trends in the Strawn, Bend, Marble Falls, Barnett Shale, Chappel and Viola formations.
East Texas Basin
Forestar has interests in approximately 265,000 net mineral acres in East Texas and North Louisana. This basin contains numerous oil and gas producing formations consisting of conventional, unconventional, and tight sand reservoirs. Our mineral interests are located in and around production trends in the Wilcox, Austin Chalk, James Lime, Pettit, Travis Peak, Cotton Valley, Haynesville Shale, and Bossier formations.
Gulf Coast Basin
Forestar has interests in approximately 109,000 net mineral acres in South Texas and Southern Louisiana located within the onshore Louisiana portion of the Gulf Coast Basin. This basin contains numerous oil and gas producing formations consisting of conventional and unconventional reservoirs. Of these reservoirs, we have mineral interests in and around production trends in the Frio, Wilcox, Vicksburg, Tuscaloosa and Austin Chalk formations.
Appalachian Basin
Forestar has interests in approximately 40,000 net mineral acres in Alabama and 152,000 net mineral acres in Georgia. These areas have historically had minimal oil and gas exploration activity. However, there has been recent activity in the Floyd, Chattanooga and Conasauga Shales in and around our mineral interests.
Williston Basin
Forestar has leasehold interests in 6,000 net mineral acres in North Dakota portion of the Williston Basin. This acreage is focused primarily in the core of the Mississippian-Devonian aged Bakken Shale Formation and underlying Three Forks/Sanish Formation – both unconventional oil resource reservoirs.
Central Kansas Uplift
Anadarko Basin
Forestar has leasehold interests in 4,000 net mineral acres in the Anadarko Basin. This basin contains sedimentary deposits ranging in thickness from 2,000 feet to 40,000 feet. The Anadarko basin has numerous oil and gas producing formations consisting of conventional, unconventional, and tight sand reservoirs. Our leasehold interests are located in and around production trends Tonkawa, Cleveland, and Morrow formations.
