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Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Oil and gas $ 181,669 $ 91,721
Timber 112,835
Surface 17,102 83,752
Total revenues 198,771 288,308
Oil and gas 12,966 10,733
Timber 5,793
Surface 9,611 1,397
General and administrative 149,643 132,801
Depreciation 234 1,750
Gain on sale of land (2,891)
Total cost, expenses and (gains) 169,563 152,474
Income from operations 29,208 135,834
Other Income (Expense):    
Interest income 10,212 11,345
Net other income 10,212 11,345
Income before income taxes 39,420 147,179
Federal and State Income Taxes    
Current (5,200) 48,385
Total income taxes (5,200) 48,385
Net Income $ 44,620 $ 98,794
Per Common Stock, basic and diluted    
Net Income (in dollars per share) $ 0.02 $ 0.05
Dividends (in dollars per share) $ 0.10 $ 0
Weighted Average Common Shares Outstanding, basic and diluted (in shares) 1,942,495 1,942,495