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Statements of Operation - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Revenues:    
Oil and Gas Sales (Note 2) $ 6,491,062 $ 7,765,314
Lease Bonuses and Other 137,227 562,184
Total Operating Revenues 6,628,289 8,327,498
Operating Costs and Expenses:    
Production 2,334,253 2,391,656
Exploration 709,753 195,111
Depreciation, Depletion, Amortization and Valuation Provisions (Note 10) 2,868,171 2,103,882
General, Administrative and Other 1,721,568 1,679,507
Total Operating Costs and Expenses 7,633,745 6,370,156
Income/(Loss) from Operations (1,005,456) 1,957,342
Equity Loss in Investees (Note 7) (87,562) (84,484)
Other Income, Net (Note 11) 603,180 828,714
Income/(Loss) Before Income Taxes (489,838) 2,701,572
Income Tax Provision/(Benefit) (Notes 2 & 6) (223,075) 387,880
Net Income/(Loss) $ (266,763) $ 2,313,692
Per Share Data (Note 2):    
Net Income/(Loss), Basic and Diluted (in dollars per share) $ (1.70) $ 14.69
Cash Dividends (in dollars per share) $ 7 $ 5
Weighted Average Shares Outstanding, Basic and Diluted (in shares) 156,769 157,458