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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues:    
Operating revenues $ 14,869,219 $ 9,034,540
Lease Bonuses and Other 295,544 9,804
Water Well Drilling Services 1,006,121 72,082
Total Operating Revenues 16,170,884 9,116,426
Operating Costs and Expenses:    
Production 3,639,924 2,721,827
Exploration 474,773 687,648
Water Well Drilling Services 907,447 375,544
Depreciation, Depletion, Amortization and Valuation Provisions 2,802,006 2,726,938
Gain on Disposition of Oil and Gas Properties (198,443) (16,313)
General, Administrative and Other 2,082,525 1,963,585
Total Operating Costs and Expenses 9,741,059 8,459,229
Income from Operations 6,429,825 657,197
Equity Loss in Investees (164,497) (154,041)
Interest Expense (34,523)  
Other Income/(Loss), Net (1,185,161) 693,250
Income Before Income Taxes and Non-Controlling Interest 5,045,644 1,196,406
Income Tax Provision/(Benefit) 1,072,524 (54,889)
Net Income 3,973,120 1,251,295
Less: Net Loss Attributable to Non-Controlling Interest (27,631)  
Net Income Attributable to Common Stockholders $ 4,000,751 $ 1,251,295
Per Share Data:    
Net Income Attributable to Common Stockholders, Basic (in dollars per share) $ 25.62 $ 8.00
Cash Dividends (in dollars per share) $ 10.00 $ 5.00
Weighted Average Shares Outstanding, Basic (in shares) 156,163 156,483
Grand Woods [Member]    
Operating Costs and Expenses:    
Grand Woods Expenses $ 32,827  
Oil and Gas [Member]    
Operating Revenues:    
Operating revenues $ 14,869,219 $ 9,034,540