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Statements of Income (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Revenues:    
Oil and gas $ 1,807,320 $ 2,817,606
Surface 139,871 345,267
Timber 166,637 100,114
Total revenues 2,113,828 3,262,987
Costs and Expenses:    
Oil and gas production 114,204 219,224
Surface 1,649 5,302
Timber 24,212 30,890
General and administrative 503,280 480,897
Depreciation and depletion 101,842 15,814
Total cost and expenses 745,187 752,127
Income from operations 1,368,641 2,510,860
Other Income / (Expense):    
Interest income 16,974 14,975
Gain on sale of land and other assets   124,000
Net other income 16,974 138,975
Income before income taxes 1,385,615 2,649,835
Federal and State Income Taxes:    
Current 415,844 842,020
Deferred   2,753
Total federal and state income taxes 415,844 844,773
Income before extraordinary item 969,771 1,805,062
Extraordinary Item:    
Deepwater horizon settlement, net of income tax of $256,000   431,535
Net income $ 969,771 $ 2,236,597
Per Common Stock (1,942,495 shares):    
Income before extraordinary item (in Dollars per share) $ 0.50 $ 0.93
Extraordinary Item (in Dollars per share) $ 0.00 $ 0.22
Net income (in Dollars per share) $ 0.50 $ 1.15
Dividends (in Dollars per share) $ 0.28 $ 0.28