Bud Labitan submitsFrom Google Finance:
Forestar Group Inc. (FOR), formerly Forestar Real Estate Group Inc., owns directly or through ventures, over 251,000 acres of real estate located in nine states and 12 markets, and about 620,000 net acres of oil and gas mineral interests. It has three segments: Real estate, mineral resources and fiber resources. The Company secures entitlements and develops infrastructure, primarily for single-family residential and mixed-use communities. Forestar’s mineral resources segment is engaged in the exploitation, exploration and development of oil and gas on its 620,000 net mineral acres. The four principal areas of operation include Texas, Louisiana, Alabama and Georgia. Its fiber resources segment sells wood fiber from the Company’s land, primarily in Georgia, and lease land for recreational uses. During the year ended December 31, 2009, it sold about 95,000 acres of timber and timberland in Georgia and Alabama.
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