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Consolidated Statements of Income - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenues:    
Total Operating Revenues $ 3,627,122 $ 3,099,641
Operating Costs and Expenses:    
Depreciation, Depletion, Amortization and Valuation Provision 509,169 934,733
General, Administrative and Other 674,136 595,435
Total Operating Costs and Expenses 2,687,244 3,145,992
Income/(Loss) from Operations 939,878 (46,351)
Equity Income in Investees 23,541 31,656
Interest Expense (16,788) (16,953)
Other Income, Net 219,609 568,833
Income Before Income Taxes and Non-Controlling Interests 1,166,240 537,185
Income Tax Provision/(Benefit):    
Current (307,271) 11,534
Deferred 746,995 121,913
Total Income Tax Provision 439,724 133,447
Net Income 726,516 403,738
Less: Net Loss Attributable to Non-Controlling Interests (10,492) (8,921)
Net Income Attributable to Common Stockholders $ 737,008 $ 412,659
Per Share Data    
Net Income Attributable to Common Stockholders, Basic (in dollars per share) $ 4.75 $ 2.64
Cash Dividends Declared and/or Paid (in dollars per share) $ 0 $ 0
Weighted Average Shares Outstanding, Basic (in shares) 155,151 156,157
Oil and Gas Sales    
Operating Revenues:    
Total Operating Revenues $ 3,011,642 $ 2,935,441
Water Well Drilling Services    
Operating Revenues:    
Total Operating Revenues 615,480 164,200
Operating Costs and Expenses:    
Operating Costs and Expenses: 378,589 184,727
Production    
Operating Costs and Expenses:    
Operating Costs and Expenses: 966,151 1,056,749
Exploration    
Operating Costs and Expenses:    
Operating Costs and Expenses: $ 159,199 $ 374,348