Note 5 - Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

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

	Three Months Ended March 31,
	2020			2019
Revenues:
Oil and gas	$	115,050		$	94,228
Timber sales		7,888			14,481
Surface revenue		57,453			44,766
Total segment revenues		180,391			153,475
Cost and expenses:
Oil and gas costs		11,737			14,524
Timber costs		2,451			4,397
Surface costs		-			578
Total segment costs and expenses		14,188			19,499
Income from operations:
Oil and gas		103,313			79,704
Timber		5,437			10,084
Surface		57,453			44,188
Total segment income from operations		166,203			133,976
Other income (expense) before income taxes		(92,373	)		(18,092	)
Income before income taxes	$	73,830		$	115,884

	Three Months Ended March 31,		Year Ended December 31,
	2019		2019
Identifiable Assets, net of accumulated depreciation
Timber	$	2,188,460	$	2,188,594
General corporate assets		13,809,396		13,673,936
Total		15,997,856		15,862,530
Capital expenditures:
Timber		-		26,815
Surface		-		-
General corporate assets		-		-
Total segment costs and expenses		-		26,815
Depreciation and depletion
Oil and gas		-		-
Timber		134		611
General corporate assets		234		1,751
Total	$	368	$	2,362