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Note 5 - Oil and Gas Leases (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Results of Operations for Oil and Gas Producing Activities Disclosure [Table Text Block]
   

2022

   

2021

 

Gross revenues

               

Royalty interests

  $ 596,755     $ 364,907  

Lease fees

    -       -  
      596,755       364,907  

Production costs

    (50,312 )     (41,685 )

Results before income tax expense

    546,443       323,222  

Estimated income tax expense

    (140,155 )     (93,734 )

Results of operations from producing activities excluding corporate overhead

  $ 406,288     $ 229,488  
Oil and Gas, Average Sale Price and Production Cost [Table Text Block]
   

2022

   

2021

 

Net gas produced (MCF)

    14,891       10,410  

Net oil produced (Bbl)

    4,719       5,072