Statements of Income (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Oil and gas $ 230,222 $ 419,572
Timber 0 0
Surface 22,719 198,740
Total revenues 252,941 618,312
Costs and Expenses:    
Oil and gas production 16,136 24,904
Timber 336  
Surface 575 13
General and administrative 120,792 119,607
Depreciation and depletion   1,671
Total cost and expenses 137,839 146,195
Income from operations 115,102 472,117
Other Income (Expense):    
Interest income 4,297 4,071
Gain on sale of land 1,498  
Net other income (expense) 5,795 4,071
Income before income taxes 120,897 476,188
Federal and State Income Taxes:    
Current 31,883 155,029
Total income taxes 31,883 155,029
Net Income $ 89,014 $ 321,159
Per Common Stock (1,942,495 shares):    
Net Income (in dollars per share) $ 0.05 $ 0.17
Dividends (in dollars per share) $ 0.07 $ 0.07