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Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Oil and gas $ 91,721 $ 230,222
Timber 112,835
Surface 83,752 $ 22,719
Total revenues 288,308 252,941
Oil and gas 10,733 16,136
Timber 5,793 336
Surface 1,397 575
General and administrative $ 134,551 120,792
Gain on sale of land (1,498)
Total cost, expenses and (gains) $ 152,474 136,341
Income from operations 135,834 116,600
Other Income (Expense):    
Interest income 11,345 4,297
Net other income 11,345 4,297
Income before income taxes 147,179 120,897
Federal and State Income Taxes    
Current 48,385 31,883
Total income taxes 48,385 31,883
Net Income $ 98,794 $ 89,014
Per Common Stock, basic and diluted    
Net Income (in dollars per share) $ 0.05 $ 0.05
Dividends (in dollars per share) $ 0 $ 0.07
Weighted Average Common Shares Outstanding, basic and diluted (in shares) 1,942,495 1,942,495