CKX Lands, Inc. Files 2023 10-K
Ticker: CKX · Form: 10-K · Filed: 2024-03-27T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, oil and gas, executive compensation, leases
TL;DR
CKX Lands filed its 2023 10-K. All good.
AI Summary
CKX Lands, Inc. filed its 2023 10-K on March 27, 2024, reporting on its operations for the fiscal year ending December 31, 2023. The company is involved in the crude petroleum and natural gas industry, with its principal business address located at 2417 Shell Beach Drive, Lake Charles, LA. The filing details various aspects of its business, including share-based payment arrangements and surface leases.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of CKX Lands, Inc.'s financial performance and operational activities for the fiscal year 2023, including details on executive compensation and lease agreements.
Risk Assessment
Risk Level: low — The filing is a standard annual report and does not indicate any immediate or significant new risks.
Key Numbers
- 223,626 — Shares (Total shares outstanding as of the reporting period.)
Key Players & Entities
- CKX LANDS, INC. (company) — Filer of the 10-K
- 2417 SHELL BEACH DRIVE, LAKE CHARLES, LA (location) — Principal business and mail address
- 2023-12-31 (date) — Fiscal year end
- 20240327 (date) — Filing date
FAQ
What is CKX Lands, Inc.'s primary industry?
CKX Lands, Inc. is primarily involved in the Crude Petroleum & Natural Gas industry, with SIC code 1311.
What is the company's principal business address?
The company's principal business address is 2417 Shell Beach Drive, Lake Charles, LA 70601.
When did CKX Lands, Inc. change its name from CALCASIEU REAL ESTATE & OIL CO INC?
The company changed its name from CALCASIEU REAL ESTATE & OIL CO INC on July 3, 1992.
What types of share-based payment arrangements are mentioned in the filing?
The filing mentions Phantom Share Units (PSUs) and Restricted Stock Units (RSUs) as share-based payment arrangements for employees.
Does the filing mention any leases related to surface rights?
Yes, the filing mentions 'SurfaceLeasesRelatedPartiesMember' for both the 2022 and 2023 fiscal years.
From the Filing
0001437749-24-009560.txt : 20240327 0001437749-24-009560.hdr.sgml : 20240327 20240327143134 ACCESSION NUMBER: 0001437749-24-009560 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 65 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240327 DATE AS OF CHANGE: 20240327 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CKX LANDS, INC. CENTRAL INDEX KEY: 0000352955 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 720144530 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31905 FILM NUMBER: 24789014 BUSINESS ADDRESS: STREET 1: 2417 SHELL BEACH DRIVE CITY: LAKE CHARLES STATE: LA ZIP: 70601 BUSINESS PHONE: (337) 493-2399 MAIL ADDRESS: STREET 1: 2417 SHELL BEACH DRIVE CITY: LAKE CHARLES STATE: LA ZIP: 70601 FORMER COMPANY: FORMER CONFORMED NAME: CKX Lands Inc DATE OF NAME CHANGE: 20050801 FORMER COMPANY: FORMER CONFORMED NAME: CALCASIEU REAL ESTATE & OIL CO INC DATE OF NAME CHANGE: 19920703 10-K 1 ckx20231231_10k.htm FORM 10-K ckx20231231_10k.htm FY 2023 --12-31 false 0000352955 223,626 3 0 0 3 0 0 0 0 0 2 0 0 0 0 0 false false false false 0000352955 2023-01-01 2023-12-31 thunderdome:item iso4217:USD 0000352955 us-gaap:PhantomShareUnitsPSUsMember 2022-01-01 2022-12-31 0000352955 us-gaap:RestrictedStockUnitsRSUMember 2022-01-01 2022-12-31 0000352955 us-gaap:PhantomShareUnitsPSUsMember 2023-01-01 2023-12-31 0000352955 us-gaap:RestrictedStockUnitsRSUMember 2023-01-01 2023-12-31 xbrli:shares 0000352955 2022-01-01 2022-12-31 0000352955 2023-12-31 0000352955 us-gaap:RestrictedStockUnitsRSUMember ckx:ShareBasedPaymentArrangementEmployeeUnissuedMember 2023-01-01 2023-12-31 0000352955 us-gaap:ShareBasedPaymentArrangementEmployeeMember 2023-01-01 2023-12-31 utr:Y 0000352955 ckx:SurfaceLeasesRelatedPartiesMember 2022-01-01 2022-12-31 0000352955 ckx:SurfaceLeasesRelatedPartiesMember 2023-01-01 2023-12-31 0000352955 ckx:ExclusiveRightToEvaluateAndMarketLandsForBeneficialPurposesToCompensateForImpactMember ckx:StreamWetlandsServicesMember 2017-04-17 2017-04-17 0000352955 ckx:ExclusiveRightToEvaluateAndMarketLandsForBeneficialPurposesToCompensateForImpactMember ckx:StreamWetlandsServicesMember 2022-02-28 2022-02-28 0000352955 2022-12-31 0000352955 ckx:DeferredGainMember 2022-12-31 0000352955 ckx:DeferredGainMember 2023-12-31 0000352955 ckx:CasualtyLossMember 2022-12-31 0000352955 ckx:CasualtyLossMember 2023-12-31 0000352955 ckx:StockbasedCompensationMember 2022-12-31 0000352955 ckx:StockbasedCompensationMember 2023-12-31 0000352955 ckx:PercentageDepletionCarryoverMember 2022-12-31 0000352955 ckx:PercentageDepletionCarryoverMember 2023-12-31 0000352955 ckx:NetOperatingLossCarryoverMember 2022-12-31 0000352955 ckx:NetOperatingLossCarryoverMember 2023-12-31 xbrli:pure 0000352955 ckx:MajorCustomers8Member 2022-01-01 2022-12-31 0000352955 ckx:MajorCustomers8Member 2023-01-01 2023-12-31 0000352955 ckx:MajorCustomers7Member 2022-01-01 2022-12-31 0000352955 ckx:MajorCustomers7Member 2023-01-01 2023-12-31 0000352955 ckx:MajorCustomers6Member 2022-01-01 2022-12-31 0000352955 ckx:MajorCustomers6Member 2023-01-01 2023-12-31 0000352955 ckx:MajorCustomers5Member 2022-01-01 2022-12-31 0000352955 ckx:MajorCustomers5Member 2023-01-01 2023-12-31 0000352955 ckx:MajorCustomers4Member 2022-01-01 2022-12-31 0000352955 ckx:MajorCustomers4Member 2023-01-01 2023-12-31 0000352955 ckx:MajorCustomers3Member 2022-01-01 2022-12-31 0000352955 ckx:MajorCustomers3Member 2023-01-01 2023-12-31 0000352955 ckx:MajorCustomers2Member 2022-01-01 2022-12-31 0000352955 ckx:MajorCustomers2Member 2023-01-01 2023-12-31 0000352955 ckx:MajorCustomers1Member 2022-01-01 2022-12-31 0000352955 ckx:MajorCustomers1Member 2023-01-01 2023-12-31 0000352955 us-gaap:IntersegmentEliminationMember 2022-01-01 2022-12-31 0000352955 us-gaap:IntersegmentEliminationMember 2023-01-01 2023-12-31 0000352955 us-gaap:OperatingSegmentsMember 2022-01-01 2022-12-3