$RSRV
RESERVE PETROLEUM CO Stock $rsrv

$rsrv Overview Financials Valuation SEC Filings Company Website

2019 Q3 Form 10-Q Financial Statement

#000143774919016695 Filed on August 14, 2019

Income Statement

Concept	2019 Q3	2019 Q2	2018 Q2
Revenue	$1.277M	$1.927M	$2.637M
YoY Change	-41.09%	-26.92%	61.74%
Cost Of Revenue	$549.5K	$625.1K	$612.5K
YoY Change	-2.55%	2.07%	14.68%
Gross Profit	$727.3K	$1.302M	$2.025M
YoY Change	-54.64%	-35.68%	84.66%
Gross Profit Margin	56.96%	67.56%	76.77%
Selling, General & Admin	$403.3K	$403.7K	$420.0K
YoY Change	21.69%	-3.89%	0.0%
% of Gross Profit	55.46%	31.0%	20.74%
Research & Development	$15.68K	$41.65K	$60.00K
YoY Change	-65.31%	-30.58%	-83.78%
% of Gross Profit	2.16%	3.2%	2.96%
Depreciation & Amortization	$281.7K	$249.4K	$630.0K
YoY Change	-11.07%	-60.42%	57.5%
% of Gross Profit	38.73%	19.15%	31.12%
Operating Expenses	$700.7K	$1.387M	$1.720M
YoY Change	-44.27%	-19.38%	-5.24%
Operating Profit	-$273.4K	$540.7K	$917.1K
YoY Change	-130.05%	-41.04%	-596.86%
Interest Expense	$16.65K	$119.0K	$10.00K
YoY Change	-75.99%	1089.6%	-66.67%
% of Operating Profit		22.0%	1.09%
Other Income/Expense, Net	$11.54K	$11.54K	$11.93K
YoY Change	-3.38%	-3.25%	1.23%
Pretax Income	-$244.2K	$663.2K	$1.534M
YoY Change	-124.92%	-56.77%	-1465.02%
Income Tax	-$64.66K	-$59.41K	$151.5K
% Of Pretax Income		-8.96%	9.87%
Net Earnings	-$179.5K	$722.6K	$1.383M
YoY Change	-119.92%	-47.74%	-2214.82%
Net Earnings / Revenue	-14.06%	37.49%	52.43%
Basic Earnings Per Share
Diluted Earnings Per Share	-$1.146M	$4.610M	$8.625M
COMMON SHARES
Basic Shares Outstanding	156.6K
Diluted Shares Outstanding

Balance Sheet

Concept	2019 Q3	2019 Q2	2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$22.20M	$21.72M	$21.76M
YoY Change	-1.45%	-0.19%	2.61%
Cash & Equivalents	$2.449M	$2.537M	$5.341M
Short-Term Investments	$19.75M	$19.18M	$16.42M
Other Short-Term Assets	$471.8K	$428.4K
YoY Change
Inventory
Prepaid Expenses
Receivables	$854.8K	$1.126M	$1.177M
Other Receivables	$195.4K	$218.2K	$390.0K
Total Short-Term Assets	$24.21M	$24.03M	$23.90M
YoY Change	-1.0%	0.53%	4.2%
LONG-TERM ASSETS
Property, Plant & Equipment	$11.02M	$11.30M	$10.83M
YoY Change	0.07%	4.37%	-0.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$716.5K	$805.8K	$961.0K
YoY Change	-24.83%	-16.16%	-64.67%
Other Assets
YoY Change
Total Long-Term Assets	$13.43M	$13.80M	$13.48M
YoY Change	-1.63%	2.41%	-0.99%
TOTAL ASSETS
Total Short-Term Assets	$24.21M	$24.03M	$23.90M
Total Long-Term Assets	$13.43M	$13.80M	$13.48M
Total Assets	$37.65M	$37.83M	$37.38M
YoY Change	-1.23%	1.2%	2.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$213.1K	$174.7K	$318.4K
YoY Change	30.81%	-45.12%	185.37%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$290.9K	$253.0K	$368.6K
YoY Change	28.89%	-31.36%	128.74%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$2.907M	$2.898M	$2.280M
YoY Change	-2.76%	27.1%	-24.5%
Total Long-Term Liabilities	$4.086M	$4.129M	$4.049M
YoY Change	0.69%	1.96%	-9.5%
TOTAL LIABILITIES
Total Short-Term Liabilities	$290.9K	$253.0K	$368.6K
Total Long-Term Liabilities	$4.086M	$4.129M	$4.049M
Total Liabilities	$4.377M	$4.382M	$4.418M
YoY Change	2.18%	-0.82%	-4.7%
SHAREHOLDERS EQUITY
Retained Earnings	$34.80M	$34.98M	$34.36M
YoY Change	-1.31%	1.8%	3.27%
Common Stock	$157.4K	$157.4K	$157.4K
YoY Change	0.0%	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.690M	$1.690M	$1.558M
YoY Change	6.2%	8.48%	2.81%
Treasury Stock Shares
Shareholders Equity	$33.27M	$33.45M	$32.96M
YoY Change
Total Liabilities & Shareholders Equity	$37.65M	$37.83M	$37.38M
YoY Change	-1.23%	1.2%	2.27%

Cashflow Statement

Concept	2019 Q3	2019 Q2	2018 Q2
OPERATING ACTIVITIES
Net Income	-$179.5K	$722.6K	$1.383M
YoY Change	-119.92%	-47.74%	-2214.82%
Depreciation, Depletion And Amortization	$281.7K	$249.4K	$630.0K
YoY Change	-11.07%	-60.42%	57.5%
Cash From Operating Activities	$680.6K	$801.5K	$890.0K
YoY Change	-60.47%	-9.94%	25.35%
INVESTING ACTIVITIES
Capital Expenditures	-$246.4K	-$688.6K	-$20.00K
YoY Change	-72.75%	3342.95%	-98.17%
Acquisitions
YoY Change
Other Investing Activities	-$518.9K	$502.7K	$550.0K
YoY Change	-79.05%	-8.61%	-119.43%
Cash From Investing Activities	-$765.3K	-$185.9K	$530.0K
YoY Change	-77.36%	-135.08%	-113.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-2.580K	-1.105M	-760.0K
YoY Change	-94.78%	45.35%	-1.3%
NET CHANGE
Cash From Operating Activities	680.6K	801.5K	890.0K
Cash From Investing Activities	-765.3K	-185.9K	530.0K
Cash From Financing Activities	-2.580K	-1.105M	-760.0K
Net Change In Cash	-87.31K	-489.0K	660.0K
YoY Change	-94.89%	-174.1%	-116.62%
FREE CASH FLOW
Cash From Operating Activities	$680.6K	$801.5K	$890.0K
Capital Expenditures	-$246.4K	-$688.6K	-$20.00K
Free Cash Flow	$927.1K	$1.490M	$910.0K
YoY Change	-64.7%	63.75%	-49.44%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2019Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	156618
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
	dei	Document Period End Date DocumentPeriodEndDate	2019-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000083350
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	RESERVE PETROLEUM CO
	dei	Entity Shell Company EntityShellCompany	false
CY2019Q2	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid	7
CY2018Q2	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid	5
	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid	7
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid	5
	rsrv	Change In Present Value Percent ChangeInPresentValuePercent	0.0325
	rsrv	Current Year Inflation Rate CurrentYearInflationRate	0.0408
	rsrv	Impairment Of Oil And Gas Cost Properties ImpairmentOfOilAndGasCostProperties	66791
	rsrv	Impairment Of Oil And Gas Cost Properties ImpairmentOfOilAndGasCostProperties	321376
CY2019Q2	rsrv	Other Property Equipment Net OtherPropertyEquipmentNet	139598
CY2018Q4	rsrv	Other Property Equipment Net OtherPropertyEquipmentNet	154385
CY2019Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	174739
CY2018Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	318387
CY2019Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1126335
CY2018Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	846419
CY2019Q2	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	18029
CY2018Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent
CY2019Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	264447
CY2018Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	249333
CY2019Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	65000
CY2018Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	65000
CY2018Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	1774114
CY2019Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	1825069
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	22795
CY2018Q1	us-gaap	Dividends Common Stock DividendsCommonStock
CY2018Q2	us-gaap	Dividends Common Stock DividendsCommonStock	787494
CY2018Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	612492
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1183847
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1219259
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	38516
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	9885
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	471
CY2019Q2	us-gaap	Assets Assets	37831277
CY2018Q4	us-gaap	Assets Assets	37968911
CY2019Q2	us-gaap	Assets Current AssetsCurrent	24030320
CY2018Q4	us-gaap	Assets Current AssetsCurrent	24212935
CY2019Q2	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	19178476
CY2018Q4	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	16249414
	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:1.8pt;margin-top:0pt;text-align:left;">Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div> – BASIS OF PRESENTATION</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:1.8pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:1.8pt;margin-top:0pt;text-align:justify;">The accompanying balance sheet as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> which has been derived from audited financial statements, the unaudited interim financial statements and these notes, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain disclosures normally included in financial statements prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP”) have been omitted. The accompanying financial statements and notes thereto should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K for the fiscal year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> as filed with the Securities and Exchange Commission (hereinafter, the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">“2018</div> Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K”).</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:1.8pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27pt;margin-right:1.8pt;margin-top:0pt;text-align:justify;">In the opinion of management, the accompanying financial statements reflect all adjustments (consisting of normal recurring accruals), which are necessary for a fair statement of the results of the interim periods presented. The results of operations for the current interim periods are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> necessarily indicative of the operating results for the full year.</div></div>
CY2019Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2536576
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6428499
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4767810
CY2018Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5340928
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-3891923
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	573118
CY2019Q2	us-gaap	Common Stock Value CommonStockValue	92368
CY2018Q4	us-gaap	Common Stock Value CommonStockValue	92368
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	394750
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	384877
CY2019Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	625141
CY2019Q2	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	42313
CY2018Q2	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	158342
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	78694
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	92438
CY2019Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-101724
CY2018Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-6856
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	20730
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	142718
CY2019Q2	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	1231001
CY2018Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	1210271
CY2019Q1	us-gaap	Dividends Common Stock DividendsCommonStock
CY2019Q2	us-gaap	Dividends Common Stock DividendsCommonStock	1096730
CY2019Q2	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1072895
CY2018Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1057483
CY2019Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	4.61
CY2018Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	8.78
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	6.72
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	10.49
CY2019Q2	us-gaap	Equity Method Investments EquityMethodInvestments	805754
CY2018Q4	us-gaap	Equity Method Investments EquityMethodInvestments	881860
CY2019Q2	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	542365
CY2018Q4	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	454058
CY2019Q2	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	-837
CY2018Q2	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	-13779
	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	87902
	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	14945
CY2019Q2	us-gaap	Exploration Expense ExplorationExpense	41646
CY2018Q2	us-gaap	Exploration Expense ExplorationExpense	57540
	us-gaap	Exploration Expense ExplorationExpense	44865
	us-gaap	Exploration Expense ExplorationExpense	135185
CY2019Q2	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	2464
CY2018Q2	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	600016
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	2464
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	601231
CY2019Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	403668
CY2018Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	416800
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	856528
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	867334
CY2019Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	663211
CY2018Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1534174
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1154381
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1888437
CY2019Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-25248
CY2018Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-31544
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-95724
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-30059
CY2019Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-59411
CY2018Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	151486
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	99424
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	235156
CY2019Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable
CY2018Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	16387
CY2019Q2	us-gaap	Interest Income Other InterestIncomeOther	156586
CY2018Q2	us-gaap	Interest Income Other InterestIncomeOther	67115
	us-gaap	Interest Income Other InterestIncomeOther	289114
	us-gaap	Interest Income Other InterestIncomeOther	120732
CY2019Q2	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	1082
CY2018Q2	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	7164
	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	2390
	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	24448
CY2019Q2	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	2498736
CY2018Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	2571109
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	16500
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	14000
CY2019Q2	us-gaap	Liabilities Liabilities	4381976
CY2018Q4	us-gaap	Liabilities Liabilities	4385498
CY2019Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	37831277
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	37968911
CY2019Q2	us-gaap	Liabilities Current LiabilitiesCurrent	253011
CY2018Q4	us-gaap	Liabilities Current LiabilitiesCurrent	343630
CY2019Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	4128965
CY2018Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	4041868
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1174673
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-824888
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4211267
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-341231
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1494017
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1739237
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	722622
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	1382688
	us-gaap	Net Income Loss NetIncomeLoss	1054957
	us-gaap	Net Income Loss NetIncomeLoss	1653281
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	332335
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	270594
CY2019Q2	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	218158
CY2018Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	218158
CY2019Q2	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	46484398
CY2018Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	46008467
CY2019Q2	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	57647021
	us-gaap	Operating Expenses OperatingExpenses	3181272
CY2019Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	540703
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	917129
	us-gaap	Operating Income Loss OperatingIncomeLoss	891314
	us-gaap	Operating Income Loss OperatingIncomeLoss	1180994
CY2019Q2	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	81820
CY2018Q2	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	79932
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	89347
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	225795
CY2019Q2	us-gaap	Other Assets Current OtherAssetsCurrent	428410
CY2019Q2	us-gaap	Other Long Term Investments OtherLongTermInvestments	1692982
CY2018Q4	us-gaap	Other Long Term Investments OtherLongTermInvestments	1689249
CY2019Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	122508
CY2018Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	617045
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	263067
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	707443
	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	23351
	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	53086
CY2018Q4	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	57038949
CY2019Q2	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	11162623
CY2018Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	11030482
CY2019Q2	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1825069
CY2018Q4	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1774114
CY2019Q2	us-gaap	Operating Expenses OperatingExpenses	1386615
CY2018Q2	us-gaap	Operating Expenses OperatingExpenses	1719994
	us-gaap	Operating Expenses OperatingExpenses	2636242
CY2018Q4	us-gaap	Other Assets Current OtherAssetsCurrent
CY2019Q2	us-gaap	Other Expenses OtherExpenses	11539
CY2018Q2	us-gaap	Other Expenses OtherExpenses	11927
	us-gaap	Other Expenses OtherExpenses	23079
	us-gaap	Other Expenses OtherExpenses	23854
CY2019Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	60243
CY2018Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	25243
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	92339
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	25017
	us-gaap	Payments Of Dividends PaymentsOfDividends	1082334
	us-gaap	Payments Of Dividends PaymentsOfDividends	799871
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	19178476
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	16415010
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	1258854
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	838104
	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds
	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	14995
CY2019Q2	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	316160
CY2018Q2	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	633162
	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	551002
	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	959494
CY2019Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	34981889
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	35023662
CY2019Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1845498
CY2018Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	2557191
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	16249414
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	16371544
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	578430
CY2019Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	404045
CY2018Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	403718
CY2019Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11302221
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11184867
CY2019Q2	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	55337650
CY2018Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	54789836
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	3438209
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	4136471
CY2019Q2	us-gaap	Revenues Revenues	1927318
CY2018Q2	us-gaap	Revenues Revenues	2637123
	us-gaap	Revenues Revenues	3527556
	us-gaap	Revenues Revenues	4362266
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	33583413
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	33870157
CY2019Q2	us-gaap	Stockholders Equity StockholdersEquity	33449301
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	32122018
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	32379658
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	32962788
CY2019Q2	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	35139257
CY2018Q4	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	35181030
CY2019Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	33449301
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	33583413
CY2019Q2	us-gaap	Treasury Stock Value TreasuryStockValue	1689956
CY2018Q4	us-gaap	Treasury Stock Value TreasuryStockValue	1597617
CY2019Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	45591
CY2019Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	46748
CY2018Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	12954
CY2018Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	12063
CY2019Q2	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2309371
CY2018Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2249113
CY2019Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	156736
CY2018Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	157528
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	156924
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	157575

Files In Submission

Name	View Source	Status
0001437749-19-016695-index-headers.html	Edgar Link	pending
0001437749-19-016695-index.html	Edgar Link	pending
0001437749-19-016695.txt	Edgar Link	pending
0001437749-19-016695-xbrl.zip	Edgar Link	pending
ex_154371.htm	Edgar Link	pending
ex_154372.htm	Edgar Link	pending
ex_154376.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
rsrv-20190630.xml	Edgar Link	completed
rsrv-20190630.xsd	Edgar Link	pending
rsrv-20190630_cal.xml	Edgar Link	unprocessable
rsrv-20190630_def.xml	Edgar Link	unprocessable
rsrv-20190630_lab.xml	Edgar Link	unprocessable
rsrv-20190630_pre.xml	Edgar Link	unprocessable
rsrv20190630_10q.htm	Edgar Link	pending
Show.js	Edgar Link	pending

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$RSRV
RESERVE PETROLEUM CO Stock $rsrv

2019 Q3 Form 10-Q Financial Statement

#000143774919016695 Filed on August 14, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RSRV RESERVE PETROLEUM CO Stock $rsrv

2019 Q3 Form 10-Q Financial Statement

#000143774919016695 Filed on August 14, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RSRV
RESERVE PETROLEUM CO Stock $rsrv