Note 6 - Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

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

	Three Months Ended
	March 31,
	2019			2018
Revenues:
Oil and gas	$	94,228		$	124,577
Timber sales		14,481			178,449
Surface revenue		44,766			43,669
Total segment revenues		153,475			346,695
Cost and expenses:
Oil and gas costs		14,524			16,656
Timber costs		4,397			20,594
Surface costs		578			6,990
Total segment costs and expenses		19,499			44,240
Income from operations:
Oil and gas		79,704			107,921
Timber		10,084			157,855
Surface		44,188			36,679
Total segment income from operations		133,976			302,455
Other income (expense) before income taxes		(18,092	)		758,448
Income before income taxes	$	115,884		$	1,060,903

	Three Months Ended		Year Ended
	March 31,		December 31,
	2019		2018
Identifiable Assets, net of accumulated depreciation
Timber	$	2,180,251	$	2,162,390
General corporate assets		13,504,904		13,439,611
Total		15,685,155		15,602,001
Capital expenditures:
Timber		17,970		45,067
Surface		-		4,900
General corporate assets		-		5,471
Total segment costs and expenses		17,970		55,438
Depreciation and depletion
Oil and gas		-		1,858
Timber		109		-
General corporate assets		507		2,027
Total	$	616	$	3,885