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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Oil and gas revenues $ 4,631,000 $ 5,848,000 $ 4,495,000
Revenue from lease operations 315,000 258,000 394,000
Gas gathering, compression, equipment rental 125,000 136,000 126,000
Real estate rental income 248,000 232,000 274,000
Interest Income 193,000 181,000 167,000
Other 75,000 79,000 148,000
Total Revenues 5,587,000 6,734,000 5,604,000
Expenses      
Lease operations 1,754,000 1,656,000 1,542,000
Production taxes, gathering and marketing 828,000 835,000 515,000
Pipeline and rental operations 32,000 49,000 40,000
Real estate operations 179,000 196,000 183,000
Depreciation and amortization 456,000 499,000 522,000
ARO accretion expense 120,000 189,000 12,000
General and administrative 2,967,000 2,943,000 2,560,000
Total Expenses 6,336,000 6,367,000 5,374,000
Income (Loss) Before Income Tax (749,000) 367,000 230,000
Current income tax provision (benefit) 39,000 224,000 44,000
Deferred income tax provision (benefit) (142,000) (121,000) 189,000
Total income tax provision (benefit) (103,000) 103,000 233,000
Net Income (Loss) $ (646,000) $ 264,000 $ (3,000)
Earnings (Loss) per Share of Common Stock Basic and Diluted $ (0.09) $ 0.04
Weighted Average Shares Outstanding Basic and Diluted 6,809,602 6,925,511 6,936,269