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Business Segments (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Business Segments

 

   Year Ended December 31,
   2019  2018  2017
Revenues: (1)         
Oil and gas exploration, production  $4,946,000   $6,106,000   $4,889,000 
and operations               
Gas gathering, compression and   125,000    136,000    126,000 
equipment rental               
Real estate rental   248,000    232,000    274,000 
   $5,319,000   $6,474,000   $5,289,000 

 

   Year Ended December 31,
   2019  2018  2017
Depreciation, depletion, and               
amortization expense:               
Oil and gas exploration, production  $408,000   $461,000   $1,043,000 
and operations               
Impairment of oil and gas assets             695,000 
Gas gathering, compression and   1,000    13,000    13,000 
equipment rental               
Real estate rental   47,000    48,000    48,000 
   $456,000   $522,000   $1,799,000 

  

 

   Year Ended December 31,
   2019  2018  2017
Income (loss) from operations:               
Oil and gas exploration, production  $1,836,000   $2,975,000   $2,359,000 
and operations               
Gas gathering, compression and   92,000    86,000    73,000 
equipment rental               
Real estate rental   22,000    (11,000)   43,000 
    1,950,000    3,050,000    2,475,000 
Corporate and other (2)   (2,596,000)   (2,786,000)   (2,478,000)
Consolidated net income (loss)  $(646,000)  $264,000   $(3,000)

 

 

   Year Ended December 31,
   2019  2018  2017
Identifiable assets net of DDA:         
Oil and gas exploration, production               
and operations  $2,108,000   $3,449,000   $4,574,000 
Gas gathering, compression and               
equipment rental   8,000    10,000    5,000 
Real estate rental   1,276,000    1,323,000    1,371,000 
    3,392,000    4,782,000    5,950,000 
Corporate and other (3)   20,506,000    19,616,000    18,182,000 
Consolidated total assets  $23,898,000   $24,398,000   $24,132,000