Forestar Group Inc is a residential and mixed-use property development company. The company owns projects comprising 7,000 acres in multiple locations, as well as 590,000 net acres of oil and gas fee mineral located in Texas, Louisiana, Georgia, and Alabama. Forestar Group’s operation is segmented into real estate, oil and gas, and other natural resources. The real estate segment is engaged in the acquisition, entitlement, development, and sale of real estate, and it represents the most significant amount of the company’s income. The oil and gas segment consists of the exploration, development, and production of oil and gas. The other natural resources segment sells wood fibre from the company’s land and leases land for recreational uses.