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Note 5 - Oil and Gas Leases (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Results of Operations for Oil and Gas Producing Activities Disclosure [Table Text Block]
   

2023

   

2022

 

Gross revenues

               

Royalty interests

  $ 380,654     $ 596,755  

Lease fees

    -       -  
      380,654       596,755  

Production costs

    (41,677 )     (50,312 )

Results before income tax expense

    338,977       546,443  

Estimated income tax expense

    (86,917 )     (140,155 )

Results of operations from producing activities excluding corporate overhead

  $ 252,060     $ 406,288  
Oil and Gas, Average Sale Price and Production Cost [Table Text Block]
   

2023

   

2022

 

Net gas produced (MCF)

    8,976       14,891  

Net oil produced (Bbl)

    3,826       4,719