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LAND AND SUBSURFACE INTERESTS - Subsurface Interests (Details)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 20, 2017
Sep. 20, 2016
Sep. 30, 2017
USD ($)
a
county
$ / shares
Jun. 30, 2017
USD ($)
a
Mar. 31, 2017
USD ($)
a
Sep. 30, 2016
USD ($)
a
Mar. 31, 2016
a
Sep. 30, 2017
USD ($)
a
county
Sep. 30, 2016
USD ($)
a
Dec. 31, 2011
Jun. 30, 2016
a
Subsurface interests                      
Acres sold | a       81.43 1,587.35 4.5 7.5 1,668.78 12.0    
Gross Sales Price     $ 0 $ 10,858,000 $ 28,707,000     $ 39,565,000      
Lease income                      
Number of acres with operating oil wells | a       800             800
Subsurface Interests                      
Subsurface interests                      
Acres sold | a     38,750                
Gross Sales Price     $ 2,100,000                
Gain on Sale     $ 2,080,000                
After tax gain on sale (in dollars per share) | $ / shares     $ 0.23                
Lease income                      
Revenues received from royalties     $ 19,000     $ 16,000   69,000 $ 32,000    
Cash payments received for release of surface entry rights               0 450,000    
Oil exploration                      
Subsurface interests                      
Lease term   13 years                  
Period of extended lease term 5 years                    
Lease payments on the respective acreages and drilling penalties received                      
Lease Payment               9,827,121      
Drilling Penalty               $ 1,975,000      
Lease income                      
Period from end of prior lease year payment for drilling penalty is due               30 days      
Period of lease term after which lessee has option to terminate lease               1 year      
Lease income     $ 203,000     $ 297,000   $ 603,000 $ 904,000    
Minimum | Oil exploration                      
Lease income                      
Period of lease term after which additional rental payments may be received               8 years      
Maximum | Oil exploration                      
Subsurface interests                      
Lease term                   8 years  
Lease income                      
Period of lease term after which additional rental payments may be received               13 years      
Surface land over subsurface interests                      
Subsurface interests                      
Acres | a     462,000         462,000      
Number of counties in which Subsurface Interests are owned | county     20         20      
Lease Year 1 - 9/23/2011 - 9/22/2012 | Lee and Hendry County Florida | Oil exploration                      
Lease payments on the respective acreages and drilling penalties received                      
Acreage | a     136,000         136,000      
Lease Payment               $ 913,657      
Lease Year 2 - 9/23/2012 - 9/22/2013 | Lee and Hendry County Florida | Oil exploration                      
Lease payments on the respective acreages and drilling penalties received                      
Acreage | a     136,000         136,000      
Lease Payment               $ 922,114      
Lease Year 3 - 9/23/2013 - 9/22/2014 | Hendry County Florida | Oil exploration                      
Lease payments on the respective acreages and drilling penalties received                      
Acreage | a     82,000         82,000      
Lease Payment               $ 3,293,000      
Drilling Penalty               $ 1,000,000      
Lease Year 4 - 9/23/2014 - 9/22/2015 | Hendry County Florida | Oil exploration                      
Lease payments on the respective acreages and drilling penalties received                      
Acreage | a     42,000         42,000      
Lease Payment               $ 1,866,146      
Drilling Penalty               $ 600,000      
Lease Year 5 - 9/23/2015 - 9/22/2016 | Hendry County Florida | Oil exploration                      
Lease payments on the respective acreages and drilling penalties received                      
Acreage | a     25,000         25,000      
Lease Payment               $ 1,218,838      
Drilling Penalty               $ 175,000      
Lease Year 6 - 9/23/2016 - 9/22/2017 | Hendry County Florida | Oil exploration                      
Lease payments on the respective acreages and drilling penalties received                      
Acreage | a     15,000         15,000      
Lease Payment               $ 806,683      
Drilling Penalty               $ 150,000      
Lease Year 7 - 9/23/2017 - 9/22/2018 | Hendry County Florida | Oil exploration                      
Lease payments on the respective acreages and drilling penalties received                      
Acreage | a     15,000         15,000      
Lease Payment               $ 806,683      
Drilling Penalty               $ 50,000