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Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Oil and Gas Sales $ 5,346,837 $ 9,139,958
Lease Bonuses and Other 872,974 809,980
Sale of Trading Securities 858,921 561,844
Interest Received 42,228 14,995
Agricultural Rentals and Other 60,648 11,193
Dividends Received on Trading Securities 1,254 1,032
Cash Distributions from Equity Investments 165,000 82,500
Cash from Life Insurance Policy Benefits 391,290
Tax Refunds 9,438
Cash Paid –    
Production Costs (2,132,055) (2,664,013)
General Suppliers, Employees and Taxes, Other than Income Taxes (1,587,921) (1,638,948)
Purchase of Trading Securities (860,175) (562,832)
Income Taxes Paid, Net (508) (720,544)
Farm Expense and Other (513) (516)
Net Cash Provided by Operating Activities 2,776,128 5,425,939
Cash Provided by/(Applied to) Investing Activities:    
Maturity of Available-for-Sale Securities 17,283,067 13,308,097
Purchase of Available-for-Sale Securities (22,084,650) (15,295,847)
Proceeds from Disposal of Property, Plant and Equipment 23,774 70,981
Purchase of Property, Plant and Equipment (1,978,179) (2,300,347)
Cash Distributions from Other Investments 155,000 60,000
Purchase of Equity and Other Investments (1,030,000) (860,440)
Net Cash Applied to Investing Activities (7,630,988) (5,017,556)
Cash Applied to Financing Activities:    
Dividends Paid to Stockholders (921,667) (1,627,930)
Purchase of Treasury Stock (88,834) (46,796)
Total Cash Applied to Financing Activities (1,010,501) (1,674,726)
Net Change in Cash and Cash Equivalents (5,865,361) (1,266,343)
Cash and Cash Equivalents at Beginning of Year 13,937,215 15,203,558
Cash and Cash Equivalents at End of Year 8,071,854 13,937,215
Reconciliation of Net Loss to Net Cash Provided by Operating Activities:    
Net Loss (84,225) (1,885,332)
Net Loss Increased (Decreased) by Net Change in –    
Net Unrealized Holding (Gains)/Losses on Trading Securities (82,159) 67,643
Accounts Receivable (70,046) 1,499,203
Interest and Dividends Receivable (4,142) (1,715)
Refundable Income Taxes (48,746) (333,659)
Accounts Payable 5,911 (54,408)
Trading Securities 19,176 (32,891)
Deferred Taxes (115,210) (1,859,431)
Other Liabilities 46,602 46,814
Income from Equity and Other Investments (177,800) (98,275)
Cash Distributions from Equity Investments 165,000 82,500
Cash from Life Insurance Policy Benefits 391,290
Exploratory Costs 377,112 355,780
Disposition of Property, Plant and Equipment 24,756 156,868
Depreciation, Depletion, Amortization and Valuation Provisions 2,719,899 7,091,552
Net Cash Provided by Operating Activities $ 2,776,128 $ 5,425,939