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Note 2 - Oil and Gas Leases - Oil and Gas Leasing Activities (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Gross revenues    
Royalty interests $ 488,947 $ 772,212
Lease fees 21,909 13,992
Gross Revenue 510,856 786,204
Production costs 47,212 70,240
Results before income tax expense 463,644 715,964
Estimated income tax expense 97,365 286,386
Results of operations from producing activities excluding corporate overhead $ 366,279 $ 429,578