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Note 5 - Oil and Gas Leases (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Results of Operations for Oil and Gas Producing Activities Disclosure [Table Text Block]
   

2021

   

2020

 

Gross revenues

               

Royalty interests

  $ 364,907     $ 257,247  

Lease fees

    -       5,882  
      364,907       263,129  

Production costs

    (41,685 )     (29,379 )

Results before income tax expense

    323,222       233,750  

Estimated income tax expense

    (93,734 )     (67,788 )

Results of operations from producing activities excluding corporate overhead

  $ 229,488     $ 165,962  
Oil and Gas, Average Sale Price and Production Cost [Table Text Block]
   

2021

   

2020

 

Net gas produced (MCF)

    10,410       12,376  

Net oil produced (Bbl)

    5,072       5,043