Note 3 - Company Operations (Tables)

3 Months Ended

Mar. 31, 2018

Notes Tables

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

	2018		2017
Revenues
Oil and Gas	$	124,577	$	181,669
Timber		178,449		--
Surface		43,669		17,102
Total		346,695		198,771
Cost and Expenses
Oil and Gas		16,656		17,565
Timber		20,594		2,940
Surface		6,990		16,858
Total		44,240		37,363
Income from Operations
Oil and Gas		107,921		164,104
Timber		157,855		(2,940	)
Surface		36,679		244
Total		302,455		161,408
Other Income (Expense) before Income Taxes		758,448		(121,988	)
Income before Income Taxes		1,060,903		39,420
Identifiable Assets, net of accumulated depreciation and depletion
Oil and Gas		--		--
Timber		2,138,051		2,083,408
Surface		--		--
General Corporate Assets		13,467,377		12,414,659
Total		15,605,428		14,498,067
Capital Expenditures
Oil and Gas		--		--
Timber		27,373		11,040
Surface		--		--
General Corporate Assets		10,370		--
Total		37,743		11,040
Depreciation and Depletion
Oil and Gas		--		--
Timber		8,502		--
Surface		--		--
General Corporate Assets		233		234
Total	$	8,735	$	234

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

Count	2018		2017
1	$	138,519	$	41,884
2		39,899		34,137
3		34,723		23,215
4		24,193		13,039
5		19,764		13,028
6		--		12,795