Statements of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Oil and gas	$ 200,464	$ 355,880	$ 672,986	$ 1,213,317
Timber	0	475,999	0	491,088
Surface	133,320	206,315	189,034	421,834
Total revenues	353,231	1,038,194	881,467	2,126,239
Costs and Expenses:
Oil and gas	20,122	27,002	58,570	77,103
Timber	279	14,716	670	15,586
Surface	2,830	486	4,266	1,279
General and administrative	130,975	131,174	382,613	399,121
Depreciation, depletion and amortization		31,481		46,966
Total cost and expenses	154,206	204,859	446,119	540,055
Income from operations	199,025	833,335	435,348	1,586,184
Other Income (Expense):
Interest income	5,427	4,379	14,756	12,212
Gain on sale of land			172,352
Net other income (expense)	5,427	4,379	187,108	12,212
Income before income taxes	204,452	837,714	622,456	1,598,396
Federal and State Income Taxes:
Current	65,736	252,497	130,001	491,310
Deferred		42,609	68,341	42,609
Total income taxes	65,736	295,106	198,342	533,919
Net Income	$ 138,716	$ 542,608	$ 424,114	$ 1,064,477
Per Common Stock (1,942,495 shares):
Net Income (in dollars per share)	$ 0.07	$ 0.28	$ 0.22	$ 0.55
Dividends (in dollars per share)	$ 0	$ 0.07	$ 0.10	$ 0.21