Note 5 - Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2019			2018			2019			2018
Revenues:
Oil and gas	$	174,097		$	178,640		$	408,029		$	464,895
Timber sales		16,717			56,929			31,198			411,936
Surface revenue		37,523			22,127			159,393			121,592
Total segment revenues		228,337			257,696			598,620			998,423
Cost and expenses:
Oil and gas costs		20,196			18,435			48,364			48,378
Timber costs		9,292			15,212			14,376			50,591
Surface costs		581			10,717			1,274			25,220
Total segment costs and expenses		30,069			44,364			64,014			124,189
Income from operations:
Oil and gas		153,901			160,205			359,665			416,517
Timber		7,425			41,717			16,822			361,345
Surface		36,942			11,410			158,119			96,372
Total segment income from operations		198,268			213,332			534,606			874,234
Other income (expense) before income taxes		(115,193	)		(111,115	)		(307,785	)		529,639
Income before income taxes	$	83,075		$	102,217		$	226,821		$	1,403,873

	Nine Months Ended		Year Ended
	September 30,		December 31,
	2019		2018
Identifiable Assets, net of accumulated depreciation
Timber	$	2,184,661	$	2,162,390
General corporate assets		13,614,268		13,439,611
Total		15,798,929		15,602,001
Capital expenditures:
Timber		22,560		45,067
Surface		-		4,900
General corporate assets		-		5,471
Total segment costs and expenses		22,560		55,438
Depreciation and depletion
Oil and gas		-		-
Timber		288		1,858
General corporate assets		1,517		2,027
Total	$	1,805	$	3,885