Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Oil and gas	$ 116,478	$ 242,300	$ 208,199	$ 472,522
Timber	8,033		120,868
Surface	15,137	32,995	98,889	55,714
Total revenues	139,648	275,295	427,956	528,236
Oil and gas	12,136	22,312	22,869	38,448
Timber	2,312	55	9,855	391
Surface	804	861	2,201	1,436
General and administrative	146,081	130,846	278,882	251,638
Gain on sale of land		(170,854)		(172,352)
Total cost, expenses and (gains)	161,333	(16,780)	313,807	119,561
Income (loss) from operations	(21,685)	292,075	114,149	408,675
Other Income (Expense):
Interest income	7,006	5,032	18,351	9,329
Net other income	7,006	5,032	18,351	9,329
Income (loss) before income taxes	(14,679)	297,107	132,500	418,004
Federal and State Income Taxes:
Current	(18,249)	32,382	30,136	64,265
Deferred income tax expense		68,341		68,341
Total income taxes	(18,249)	100,723	30,136	132,606
Net Income	$ 3,570	$ 196,384	$ 102,364	$ 285,398
Per Common Stock, basic and diluted
Net Income (in dollars per share)	$ 0	$ 0.10	$ 0.05	$ 0.15
Dividends (in dollars per share)	$ 0	$ 0.03	$ 0	$ 0.10
Weighted Average Common Shares Outstanding, basic and diluted (in shares)	1,942,495	1,942,495	1,942,495	1,942,495