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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,179,548 $ 2,402,763
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 267,512 322,518
Accretion expense 146,600 167,400
Gain on disposal of property and equipment (37,300) (553,765)
Gain on sale of other assets (8,960)
Changes in assets and liabilities:    
Production accounts receivable 377,606 (199,398)
Other current assets 56,531 1,846
Other assets (495) 700
Accounts payable 216,101 (63,359)
Accrued expenses (453,674) (445,709)
Operational advances 240,805 325,844
Total adjustments 813,686 (452,883)
Net cash provided by operating activities 2,993,234 1,949,880
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (315,455) (3,649,154)
Payments received on receivables from employees 37,831
Proceeds from disposal of property and equipment 33,700 35,300
Proceeds from sale of other assets 8,960
Purchase of property and equipment (113,478)
Net cash used in investing activities (395,233) (3,567,063)
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions (1,684,936)
Proceeds from options exercised 45,000 3,300
Net cash provided by (used in) financing activities (1,639,936) 3,300
NET CHANGE IN CASH AND EQUIVALENTS 958,065 (1,613,883)
CASH AND EQUIVALENTS - BEGINNING OF PERIOD 12,566,868 11,883,725
CASH AND EQUIVALENTS - END OF PERIOD 13,524,933 10,269,842
Supplemental disclosures of cash flow information and non-cash activities:    
Cash paid during the period for income taxes $ 11,135 $ 3,600