Forestar Group Inc. (Forestar) is a real estate and, oil and gas company. The Company owns directly or through ventures, approximately 130,000 acres of real estate located in ten states and 14 markets and about 837,000 net acres of mineral interests. As of December 31, 2013, the Company�s real estate acres include about 117,000 with timber, in Georgia, and about 14,000 acres of timber under lease. It operates in three segments: Real estate, oil and gas, and other natural resources. The Company sells wood fiber from portions of its land, primarily in Georgia, and lease land for recreational uses. It leases its mineral interests to third parties for the exploration and production of oil and natural gas, in Texas and Louisiana. As of December 31, 2013, real estate segment provided 75% revenue, oil and gas segment provided 22% of revenue and other natural resources segment provided 3% of revenue.