FOMI (Formation Minerals) Net Loan

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Formation Minerals Net Loan?

Net Loan only applies to banks and insurance companies.

Formation Minerals Business Description

Industry EnergyOil & Gas
Address P.O. Box 67, Jacksboro, TX, USA, 76458
Formation Minerals Inc. is a U.S.-based oil and gas minerals and royalties company. It acquires and manages mineral and royalty interests across several major producing basins in the United States, including the DJ Basin in Colorado and Wyoming, the Haynesville Shale in Louisiana, the Delaware and Permian Basins in Texas, the Marcellus and Utica shales in West Virginia, and the Anadarko Basin in Oklahoma. The company does not operate wells; instead, it holds non-operated mineral and royalty interests that entitle it to a share of production revenue from oil and natural gas wells drilled on its acreage. Its revenue comes primarily from royalty payments and lease bonuses generated by third-party operators developing those properties. Formation Minerals pursues growth through acquisitions of additional mineral and royalty interests and through organic development of its existing portfolio.