Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and Cash Equivalents	$ 7,299,224	$ 10,129,157
Available-for-Sale Debt Securities	4,208,648
Equity Securities	2,302,959	9,142,357
Refundable Income Taxes	120,230	350,927
Accounts Receivable	2,318,183	1,362,963
Total Current Assets	16,249,244	20,985,404
Investments:
Equity Method Investments	2,469,644	1,898,646
Other Investments	5,085,806	2,791,656
Total Investments	7,555,450	4,690,302
Property, Plant and Equipment:
Unproved Properties	1,846,543	1,663,567
Proved Properties	65,328,501	58,046,754
Oil and Gas Properties, Gross	67,175,044	59,710,321
Less – Accumulated Depreciation, Depletion, Amortization and Valuation Allowance	(52,773,978)	(52,686,001)
Oil and Gas Properties, Net	14,401,066	7,024,320
Other Property and Equipment, at Cost	758,256	680,043
Less – Accumulated Depreciation	(236,883)	(146,425)
Other Property and Equipment, Net	521,373	533,618
Property, Plant and Equipment, Net	14,922,439	7,557,938
Total Assets	38,727,133	33,233,644
Current Liabilities:
Accounts Payable	399,735	261,114
Other Current Liabilities	75,675	262,554
Note Payable, Current Portion	136,637
Total Current Liabilities	612,047	523,668
Long-Term Liabilities:
Asset Retirement Obligation	2,809,257	2,359,826
Deferred Tax Liability, Net	1,619,595	551,320
Note Payable, Less Current Portion	1,300,872
Total Long-Term Liabilities	5,729,724	2,911,146
Total Liabilities	6,341,771	3,434,814
Equity:
Common Stock	92,368	92,368
Additional Paid-in Capital	65,000	65,000
Retained Earnings	33,828,418	31,389,240
Equity Before Treasury Stock	33,985,786	31,546,608
Less – Treasury Stock, at Cost	(1,749,858)	(1,747,778)
Total Equity Applicable to The Reserve Petroleum Company	32,235,928	29,798,830
Non-Controlling Interests	149,434
Total Equity	32,385,362	29,798,830
Total Liabilities and Equity	$ 38,727,133	$ 33,233,644