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Statements of Income (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Oil and gas $ 151,693 $ 116,478 $ 333,362 $ 208,199
Timber 8,966 8,033 8,966 120,868
Surface 236,346 15,137 253,448 98,889
Total revenues 397,005 139,648 595,776 427,956
Oil and gas 15,483 13,115 33,049 25,254
Timber 3,167 5,121 6,107 18,662
Surface 7,990 15,347 24,848 38,525
General and administrative 115,377 127,750 250,233 229,615
Depreciation 233 467 1,751
Gain on sale of land (2,891)
Total cost, expenses and (gains) 142,250 161,333 311,813 313,807
Income (loss) from operations 254,755 (21,685) 283,963 114,149
Other Income (Expense):        
Interest income 10,363 7,006 20,575 18,351
Net other income 10,363 7,006 20,575 18,351
Income (loss) before income taxes 265,118 (14,679) 304,538 132,500
Federal and State Income Taxes:        
Current 51,638 (18,249) 46,438 30,136
Total income taxes 51,638 (18,249) 46,438 30,136
Net Income $ 213,480 $ 3,570 $ 258,100 $ 102,364
Per Common Stock, basic and diluted        
Net Income (in dollars per share) $ 0.11 $ 0 $ 0.13 $ 0.05
Dividends (in dollars per share) $ 0 $ 0 $ 0.10 $ 0
Weighted Average Common Shares Outstanding, basic and diluted (in shares) 1,942,495 1,942,495 1,942,495 1,942,495