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Unaudited Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Oil and gas operations, net of royalties $ 324 $ 274 $ 1,048 $ 889
Real estate operations 694 702 2,040 2,039
Total Revenues 1,018 976 3,088 2,928
Oil and gas operations 495 432 1,444 1,356
Real estate operations, 372 359 1,141 1,078
Lease expense 235 231 707 693
Corporate general and administrative 170 108 513 402
Accretion of asset retirement obligation 0 0 0 68
Impairment of natural gas and oil properties 0 0 0 912
Total Operating expenses 1,272 1,130 3,805 4,509
Operating earnings (loss) (254) (154) (717) (1,581)
Interest income 1 0 9 0
Interest expense (24) (52) (97) (170)
Recovery of bad debt expense 410 1,726 1,143 1,700
Other income (expense), net 0 0 (36) 135
Other income (expense) 387 1,674 1,019 1,665
Net income (loss) applicable to common shares $ 133 $ 1,520 $ 302 $ 84
Net income (loss) per common share-basic and diluted $ 0.07 $ 0.78 $ 0.16 $ 0.04
Weighted average common and equivalent shares outstanding - basic 1,947 1,947 1,947 1,947