Note 3 - Company Operations (Tables)

3 Months Ended

Mar. 31, 2017

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	2017			2016
Revenues
Oil and Gas	$	181,669		$	91,721
Timber		--			112,835
Surface		17,102			83,752
Total		198,771			288,308
Cost and Expenses
Oil and Gas		12,966			10,733
Timber		--			5,793
Surface		9,611			1,397
Total		22,577			17,923
Income from Operations
Oil and Gas		168,703			80,988
Timber		--			107,042
Surface		7,491			82,355
Total		176,194			270,385
Other Income (Expense) before Income Taxes		(136,774	)		(123,206	)
Income before Income Taxes		39,420			147,179

	2017		2016
Identifiable Assets, net of accumulated depreciation and depletion
Oil and Gas		--		--
Timber		2,083,408		1,563,858
Surface		--		--
General Corporate Assets		12,414,659		12,829,478
Total		14,498,067		14,393,336
Capital Expenditures
Oil and Gas		--		--
Timber		11,040		19,521
Surface		--		--
General Corporate Assets		--		59,639
Total		11,040		79,160
Depreciation and Depletion
Oil and Gas		--		--
Timber		--		1,751
Surface		--		--
General Corporate Assets		234		--
Total	$	234	$	1,751

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Count	2017		2016
1	$	41,884	$	112,800
2		34,137		63,400
3		23,215		25,900
4		13,039		20,000
5		13,028		16,600
6		12,795		15,600