v3.24.1

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Operating Revenues:
Total Operating Revenues	$ 13,376,102	$ 16,170,884
Operating Costs and Expenses:
Depreciation, Depletion, Amortization and Valuation Provisions	5,895,470	2,802,006
Gain on Disposition of Oil and Gas Properties	(19,491)	(198,443)
General, Administrative and Other	2,606,906	2,115,352
Total Operating Costs and Expenses	14,647,568	9,741,059
Income/(Loss) from Operations	(1,271,466)	6,429,825
(Income)/Loss on Equity Method and Other Investments	107,865	(164,497)
Interest Expense	(67,919)	(34,523)
Other Income/(Loss), Net	970,586	(1,185,161)
Income/(Loss) Before Income Taxes and Non-Controlling Interests	(260,934)	5,045,644
Income Tax Provision/(Benefit)	(171,401)	1,072,524
Net Income/(Loss)	(89,533)	3,973,120
Less: Net Loss Attributable to Non-Controlling Interests	(33,885)	(27,631)
Net Income/(Loss) Attributable to Common Stockholders	$ (55,648)	$ 4,000,751
Per Share Data:
Net Income Attributable to Common Stockholders, Basic (in dollars per share)	$ (0.36)	$ 25.62
Cash Dividends (in dollars per share)	$ 10.00	$ 10.00
Weighted Average Shares Outstanding, Basic (in shares)	155,915	156,163
Oil and Gas Sales
Operating Revenues:
Total Operating Revenues	$ 12,490,047	$ 14,869,219
Lease Bonuses and Other
Operating Revenues:
Total Operating Revenues	190,588	295,544
Water Well Drilling Services
Operating Revenues:
Total Operating Revenues	695,467	1,006,121
Operating Costs and Expenses:
Operating costs and expenses	1,072,476	907,447
Production
Operating Costs and Expenses:
Operating costs and expenses	4,383,384	3,639,924
Exploration
Operating Costs and Expenses:
Operating costs and expenses	$ 708,823	$ 474,773

Aggregate dividends declared and or paid during the period for each share of common stock outstanding.

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RESERVE PETROLEUM CO 10-K