Statements of Income and Comprehensive Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Revenues:
Oil and gas	$ 520,682	$ 338,834	$ 1,425,324	$ 634,613
Agriculture	284,510	16,738	310,043	24,464
Timber	70		5,005	3,439
Total revenues	805,262	355,572	1,740,372	662,516
Costs and Expenses:
Oil and gas production	57,939	28,256	122,979	51,244
Agriculture	1,047	2,455	1,854	2,962
Timber	6,057	4,986	14,226	14,637
General and administrative	115,493	128,187	216,969	219,843
Depreciation and depletion	1,615	738	3,731	21,298
Total cost and expenses	182,151	164,622	359,759	309,984
Income from operations	623,111	190,950	1,380,613	352,532
Other Income / (Expense):
Interest income	4,706	10,276	5,244	20,469
Dividend income	55	4,664	55	9,527
Gain on sale of land and other assets			124,000	306
Net other income / (expense)	4,761	14,940	129,299	30,302
Income before income taxes	627,872	205,890	1,509,912	382,834
Federal and state income taxes:
Current	255,026	54,537	485,325	99,531
Deferred	(45,800)	(12,575)	(5,831)	(12,427)
Total income taxes	209,226	41,962	479,494	87,104
Net Income	418,646	163,928	1,030,418	295,730
Other Comprehensive Income, Net of Taxes:
Change in unrealized net holding gains occurring during period, net of taxes of $1,813 and $2,321, respectively for 2011		2,718		3,481
Other comprehensive income		2,718		3,481
Comprehensive Income	$ 418,646	$ 166,646	$ 1,030,418	$ 299,211
Per Common Stock (1,942,495 shares):
Net Income (in Dollars per share)	$ 0.22	$ 0.08	$ 0.53	$ 0.15
Dividends (in Dollars per share)	$ 0.07	$ 0.07	$ 0.14	$ 0.14