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Note 1 - Nature of Operations and Summary of Significant Accounting Policies.: Segment Information (Policies)
12 Months Ended
Sep. 30, 2025
Policies  
Segment Information

Segment Information: The Company operates in one reportable segment engaged in the sales of production of oil and natural gas non-working interests.

 

The Company’s chief operating decision maker (“CODM”) is the President and Chief Executive Officer as he maintains responsibility for assessment of the Company’s performance and decision making regarding resource allocation.

Consolidated net income (loss) is the performance measure used by the CODM to evaluate the segment’s performance and allocate capital and to monitor budget versus actual results. The information regularly provided to the CODM on the segment’s revenues and significant expenses aligns with the categories presented in the Consolidated Statements of Income. Furthermore, the segment’s assets are reported on the Consolidated Balance Sheets as total assets.