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Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating Revenues:    
Oil and Gas Sales (Note 2) $ 7,765,314 $ 6,125,308
Lease Bonuses and Other 562,184 184,282
Total Operating Revenues 8,327,498 6,309,590
Operating Costs and Expenses:    
Production 2,391,656 2,190,020
Exploration 195,111 883,593
Depreciation, Depletion, Amortization and Valuation Provisions (Note 10) 2,103,882 2,133,338
General, Administrative and Other 1,679,507 1,620,955
Total Operating Costs and Expenses 6,370,156 6,827,906
Income/(Loss) from Operations 1,957,342 (518,316)
Equity Loss in Investees (Note 7) (84,484) (61,976)
Other Income, Net (Note 11) 828,714 683,397
Income Before Income Taxes 2,701,572 103,105
Income Tax Provision/(Benefit) (Notes 2 & 6) 387,880 (582,582)
Net Income $ 2,313,692 $ 685,687
Per Share Data (Note 2):    
Net Income, Basic and Diluted (in dollars per share) $ 14.69 $ 4.35
Cash Dividends (in dollars per share) $ 5 $ 5
Weighted Average Shares Outstanding, Basic and Diluted (in shares) 157,458 157,788