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Condensed Statements of Earnings (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Operating revenue $ 1,997,370 $ 1,706,923 $ 3,722,204 $ 3,199,086
Other income 11,862 14,985 27,390 31,230
Total revenue 2,009,232 1,721,908 3,749,594 3,230,316
Costs and expenses:        
Production cost 1,238,410 933,668 2,283,803 1,888,586
Depreciation, depletion and amortization 109,055 106,384 218,110 212,768
General and administrative 138,406 135,478 291,572 283,350
Impairment in value of oil and gas property 0 60,000 0 125,000
Interest 567 1,224 1,507 2,519
Doubtful account expense 17,449 8,281 26,507 15,937
Total costs and expenses 1,503,887 1,245,035 2,821,499 2,528,160
Earnings before taxes 505,345 476,873 928,095 702,156
Federal and state taxes:        
Provision for federal income tax 167,889 158,770 308,222 230,717
Provision for state margin tax 11,553 9,901 21,560 18,574
Net earnings $ 325,903 $ 308,202 $ 598,313 $ 452,865
Weighted average number of shares outstanding (in Shares) 1,416,587 1,416,587 1,416,587 1,416,587
Basic earnings per share (in Dollars per share) $ 0.23 $ 0.22 $ 0.42 $ 0.32
Diluted earnings per share (in Dollars per share) $ 0.23 $ 0.22 $ 0.42 $ 0.32