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Statements of Income (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Oil and gas $ 151,752 $ 200,464 $ 359,951 $ 672,986
Timber 4,992 19,447 125,860 19,447
Surface 53,299 133,320 152,188 189,034
Total revenues 210,043 353,231 637,999 881,467
Oil and gas 13,190 20,122 36,059 58,570
Timber 1,123 279 10,978 670
Surface 258 2,830 2,459 4,266
General and administrative 178,400 130,975 457,282 382,613
Depreciation 236 236
Gain on sale of land (172,352)
Total cost, expenses and (gains) 193,207 154,206 507,014 273,767
Income (loss) from operations 16,836 199,025 130,985 607,700
Other Income (Expense):        
Interest income 12,398 5,427 30,749 14,756
Net other income 12,398 5,427 30,749 14,756
Income (loss) before income taxes 29,234 204,452 161,734 622,456
Federal and State Income Taxes:        
Current 1,605 65,736 31,741 130,001
Deferred income tax expense 6,258 6,257 68,341
Total income taxes 7,863 65,736 37,999 198,342
Net Income $ 21,371 $ 138,716 $ 123,735 $ 424,114
Per Common Stock, basic and diluted        
Net Income (in dollars per share) $ 0.01 $ 0.07 $ 0.06 $ 0.22
Dividends (in dollars per share) $ 0 $ 0.03 $ 0 $ 0.10
Weighted Average Common Shares Outstanding, basic and diluted (in shares) 1,942,495 1,942,495 1,942,495 1,942,495