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Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating Revenues:        
Oil and Gas Sales $ 3,292,789 $ 3,306,547 $ 5,847,316 $ 6,179,258
Lease Bonuses and Other 194,341 1,049,294 259,038 1,150,984
[OilAndGasRevenue] 3,487,130 4,355,841 6,106,354 7,330,242
Operating Costs and Expenses:        
Production 514,063 540,310 970,200 1,020,129
Exploration 4,093 67,083 38,716 272,871
Depreciation, Depletion, Amortization and Valuation Provisions 592,464 582,013 1,044,901 949,973
General, Administrative and Other 374,563 338,062 770,839 728,412
[OperatingExpenses] 1,485,183 1,527,468 2,824,656 2,971,385
Income from Operations 2,001,947 2,828,373 3,281,698 4,358,857
Other Income (Loss), Net 261,629 (11,948) 300,079 23,473
Income Before Provision for Income Taxes 2,263,576 2,816,425 3,581,777 4,382,330
Provision for Income Taxes:        
Current 389,846 718,235 603,310 801,430
Deferred 236,146 117,311 348,479 427,495
Total Provision for Income Taxes 625,992 835,546 951,789 1,228,925
Net Income $ 1,637,584 $ 1,980,879 $ 2,629,988 $ 3,153,405
Per Share Data:        
Net Income, Basic and Diluted $ 10.16 $ 12.26 $ 16.32 $ 19.51
Cash Dividends Declared and / or Paid 10.00 10.00 10.00 10.00
Weighted Average Shares Outstanding, Basic and Diluted 161,154 161,610 161,185 161,641