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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 226,087 $ 221,828
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation, depletion and amortization 558,011 1,673,892
Accretion expense 1,130,918 1,184,585
Unrealized gain on investments (27,553) (81,051)
Gain on disposal of property and equipment (70,542) (32,702)
Deferred income taxes (13,800) (1,000)
Changes in assets and liabilities:    
Production accounts receivable (128,198) 1,247,980
Other current assets 482,801 (458,066)
Other assets (12,597) 14,345
Accounts payable (62,306) 84,629
Accrued expenses (179,794) (138,531)
Operational advances 223,511 58,084
Total adjustments 1,900,451 3,552,165
Net cash provided by operating activities 2,126,538 3,773,993
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (1,409,367) (1,211,377)
Purchase of property and equipment (38,713) (363,276)
Proceeds from disposal of property and equipment 81,071 40,570
Net cash used in investing activities (1,367,009) (1,534,083)
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions (962,757) (2,655,109)
Repurchase of Units (207,270) (3,348,114)
Proceeds from options exercised 43,800 190,800
Net cash used in financing activities (1,126,227) (5,812,423)
NET CHANGE IN CASH AND EQUIVALENTS (366,698) (3,572,513)
CASH AND EQUIVALENTS AT BEGINNING OF YEAR 9,586,524 13,159,037
CASH AND EQUIVALENTS AT END OF YEAR $ 9,219,826 $ 9,586,524