$RSRV
RESERVE PETROLEUM CO Stock $rsrv

$rsrv Overview Financials Valuation SEC Filings Company Website

2019 Q4 Form 10-Q Financial Statement

#000143774919022815 Filed on November 14, 2019

Income Statement

Concept	2019 Q4	2019 Q3	2018 Q4
Revenue	$1.824M	$1.277M	$1.798M
YoY Change	1.44%	-41.09%	19.07%
Cost Of Revenue	$600.9K	$549.5K	$608.6K
YoY Change	-1.25%	-2.55%	3.14%
Gross Profit	$1.223M	$727.3K	$1.189M
YoY Change	2.82%	-54.64%	29.28%
Gross Profit Margin	67.05%	56.96%	66.15%
Selling, General & Admin	$461.7K	$403.3K	$480.7K
YoY Change	-3.96%	21.69%	4.5%
% of Gross Profit	37.75%	55.46%	40.42%
Research & Development	$649.2K	$15.68K	$14.72K
YoY Change	4310.33%	-65.31%	-95.79%
% of Gross Profit	53.08%	2.16%	1.24%
Depreciation & Amortization	$1.190M	$281.7K	-$5.060K
YoY Change	-23621.74%	-11.07%	-101.01%
% of Gross Profit	97.32%	38.73%	-0.43%
Operating Expenses	$2.301M	$700.7K	$1.323M
YoY Change	73.98%	-44.27%	0.96%
Operating Profit	-$1.078M	-$273.4K	-$133.2K
YoY Change	709.32%	-130.05%	-65.84%
Interest Expense	$202.7K	$16.65K	-$40.68K
YoY Change	-598.21%	-75.99%	35.6%
% of Operating Profit
Other Income/Expense, Net	$11.97K	$11.54K	-$2.780K
YoY Change	-530.58%	-3.38%
Pretax Income	-$1.400M	-$244.2K	-$166.6K
YoY Change	740.25%	-124.92%	-77.78%
Income Tax	-$257.8K	-$64.66K	$74.22K
% Of Pretax Income
Net Earnings	-$1.142M	-$179.5K	-$240.8K
YoY Change	374.25%	-119.92%	201.05%
Net Earnings / Revenue	-62.62%	-14.06%	-13.4%
Basic Earnings Per Share
Diluted Earnings Per Share	-$7.293M	-$1.146M	-$1.531M
COMMON SHARES
Basic Shares Outstanding	156.6K	156.6K
Diluted Shares Outstanding

Balance Sheet

Concept	2019 Q4	2019 Q3	2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$21.26M	$22.20M	$22.68M
YoY Change	-6.27%	-1.45%	7.28%
Cash & Equivalents	$2.738M	$2.449M	$6.428M
Short-Term Investments	$18.52M	$19.75M	$16.25M
Other Short-Term Assets		$471.8K
YoY Change
Inventory
Prepaid Expenses
Receivables	$968.4K	$854.8K	$846.4K
Other Receivables	$110.0K	$195.4K	$234.5K
Total Short-Term Assets	$22.88M	$24.21M	$24.21M
YoY Change	-5.51%	-1.0%	5.13%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.514M	$11.02M	$11.18M
YoY Change	-14.94%	0.07%	5.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$744.8K	$716.5K	$881.9K
YoY Change	-15.54%	-24.83%	-11.02%
Other Assets	$687.0K
YoY Change
Total Long-Term Assets	$12.84M	$13.43M	$13.76M
YoY Change	-6.63%	-1.63%	3.64%
TOTAL ASSETS
Total Short-Term Assets	$22.88M	$24.21M	$24.21M
Total Long-Term Assets	$12.84M	$13.43M	$13.76M
Total Assets	$35.72M	$37.65M	$37.97M
YoY Change	-5.91%	-1.23%	4.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$156.8K	$213.1K	$318.4K
YoY Change	-50.76%	30.81%	35.48%
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	$182.0K	$290.9K	$343.6K
YoY Change	-47.03%	28.89%	32.04%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$2.498M	$2.907M	$2.832M
YoY Change	-11.79%	-2.76%	-5.61%
Total Long-Term Liabilities	$3.415M	$4.086M	$4.042M
YoY Change	-15.51%	0.69%	3.07%
TOTAL LIABILITIES
Total Short-Term Liabilities	$182.0K	$290.9K	$343.6K
Total Long-Term Liabilities	$3.415M	$4.086M	$4.042M
Total Liabilities	$3.597M	$4.377M	$4.385M
YoY Change	-17.98%	2.18%	4.88%
SHAREHOLDERS EQUITY
Retained Earnings	$33.66M	$34.80M	$35.02M
YoY Change	-3.89%	-1.31%	4.56%
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	$1.598M
YoY Change	5.8%	6.2%	4.23%
Treasury Stock Shares	$28.12K		$27.50K
Shareholders Equity	$32.13M	$33.27M	$33.58M
YoY Change
Total Liabilities & Shareholders Equity	$35.72M	$37.65M	$37.97M
YoY Change	-5.91%	-1.23%	4.59%

Cashflow Statement

Concept	2019 Q4	2019 Q3	2018 Q4
OPERATING ACTIVITIES
Net Income	-$1.142M	-$179.5K	-$240.8K
YoY Change	374.25%	-119.92%	201.05%
Depreciation, Depletion And Amortization	$1.190M	$281.7K	-$5.060K
YoY Change	-23621.74%	-11.07%	-101.01%
Cash From Operating Activities	$680.8K	$680.6K	$1.384M
YoY Change	-50.82%	-60.47%	1053.52%
INVESTING ACTIVITIES
Capital Expenditures	-$578.7K	-$246.4K	-$1.044M
YoY Change	-44.55%	-72.75%	22.79%
Acquisitions
YoY Change
Other Investing Activities	$1.269M	-$518.9K	$2.604M
YoY Change	-51.28%	-79.05%	1032.03%
Cash From Investing Activities	$689.8K	-$765.3K	$1.560M
YoY Change	-55.78%	-77.36%	-355.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.082M	-2.580K	-154.9K
YoY Change	598.46%	-94.78%	158.08%
NET CHANGE
Cash From Operating Activities	680.8K	680.6K	1.384M
Cash From Investing Activities	689.8K	-765.3K	1.560M
Cash From Financing Activities	-1.082M	-2.580K	-154.9K
Net Change In Cash	289.1K	-87.31K	2.789M
YoY Change	-89.64%	-94.89%	-607.15%
FREE CASH FLOW
Cash From Operating Activities	$680.8K	$680.6K	$1.384M
Capital Expenditures	-$578.7K	-$246.4K	-$1.044M
Free Cash Flow	$1.259M	$927.1K	$2.428M
YoY Change	-48.13%	-64.7%	150.3%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2019Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	156615
CY2019Q3	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid
CY2018Q3	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid
	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid	7
	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	366791
	rsrv	Impairment Of Oil And Gas Cost Properties ImpairmentOfOilAndGasCostProperties	321376
CY2019Q3	rsrv	Other Property Equipment Net OtherPropertyEquipmentNet	132029
CY2018Q4	rsrv	Other Property Equipment Net OtherPropertyEquipmentNet	154385
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Registrant Name EntityRegistrantName	RESERVE PETROLEUM CO
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Central Index Key EntityCentralIndexKey	0000083350
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2019Q3	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-12409
CY2018Q3	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	70669
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	66285
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	163107
	rsrv	Proceeds From Tax Refunds Investing Activity ProceedsFromTaxRefundsInvestingActivity
	rsrv	Proceeds From Tax Refunds Investing Activity ProceedsFromTaxRefundsInvestingActivity	14993
CY2019Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	213144
CY2018Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	318387
CY2019Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	854792
CY2018Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	846419
CY2019Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	272016
CY2018Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	249333
CY2019Q3	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
CY2019Q3	us-gaap	Asset Retirement Obligation AssetRetirementObligation	1836290
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	34193
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	42419
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	13965
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-471
CY2019Q3	us-gaap	Assets Assets	37646064
CY2018Q4	us-gaap	Assets Assets	37968911
CY2019Q3	us-gaap	Assets Current AssetsCurrent	24214024
CY2018Q4	us-gaap	Assets Current AssetsCurrent	24212935
CY2019Q3	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	19751183
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:2.15pt;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:2.15pt;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:2.15pt;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:2.15pt;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:2.15pt;margin-top:0pt;text-align:justify;">In the opinion of Management, the accompanying financial statements reflect all adjustments (consisting only 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>
CY2019Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2449270
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6428499
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4767810
CY2018Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3639161
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-3979229
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-1128649
CY2019Q3	us-gaap	Common Stock Value CommonStockValue	92368
CY2018Q4	us-gaap	Common Stock Value CommonStockValue	92368
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	278006
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	324111
CY2019Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	549478
CY2018Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	563848
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1733325
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1783107
CY2019Q3	us-gaap	Costs And Expenses CostsAndExpenses	1550222
CY2018Q3	us-gaap	Costs And Expenses CostsAndExpenses	1257299
	us-gaap	Costs And Expenses CostsAndExpenses	4186465
	us-gaap	Costs And Expenses CostsAndExpenses	4438570
CY2019Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-52254
CY2018Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	7832
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-31524
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	150550
CY2019Q3	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	1178747
CY2018Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	1210271
CY2019Q3	us-gaap	Dividends Common Stock DividendsCommonStock	0
CY2018Q3	us-gaap	Dividends Common Stock DividendsCommonStock	0
	us-gaap	Dividends Common Stock DividendsCommonStock	1096730
	us-gaap	Dividends Common Stock DividendsCommonStock	787494
CY2019Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1070714
CY2018Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1057483
CY2019Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-1.15
CY2018Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	5.73
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	5.58
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	16.22
CY2019Q3	us-gaap	Equity Method Investments EquityMethodInvestments	716537
CY2018Q4	us-gaap	Equity Method Investments EquityMethodInvestments	881860
CY2019Q3	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	491639
CY2018Q4	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	454058
CY2019Q3	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	-50791
CY2018Q3	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	-19542
	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	37111
	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	-4598
CY2019Q3	us-gaap	Exploration Expense ExplorationExpense	15684
CY2018Q3	us-gaap	Exploration Expense ExplorationExpense	45203
	us-gaap	Exploration Expense ExplorationExpense	60549
	us-gaap	Exploration Expense ExplorationExpense	180388
CY2019Q3	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	6959
CY2018Q3	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	9422
	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	601231
CY2019Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	403344
CY2018Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	331453
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1259873
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1198787
CY2019Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-244201
CY2018Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	979754
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	910180
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2868190
CY2019Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-44849
CY2018Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-7865
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-140573
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-37924
CY2018Q4	us-gaap	Long Term Investments LongTermInvestments	2571109
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1177247
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-869453
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4976622
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3721071
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2174640
CY2019Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-64663
CY2018Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	78501
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	34761
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	313657
CY2019Q3	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	20381
CY2018Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	16387
CY2019Q3	us-gaap	Interest Income Other InterestIncomeOther	123832
CY2018Q3	us-gaap	Interest Income Other InterestIncomeOther	108708
	us-gaap	Interest Income Other InterestIncomeOther	412946
	us-gaap	Interest Income Other InterestIncomeOther	229441
CY2019Q3	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	5618
CY2018Q3	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	436
	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	8008
	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	24882
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	25200
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	22500
CY2019Q3	us-gaap	Liabilities Liabilities	4376638
CY2018Q4	us-gaap	Liabilities Liabilities	4385498
CY2019Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	37646064
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	37968911
CY2019Q3	us-gaap	Liabilities Current LiabilitiesCurrent	290887
CY2018Q4	us-gaap	Liabilities Current LiabilitiesCurrent	343630
CY2019Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	4085751
CY2018Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	4041868
CY2019Q3	us-gaap	Long Term Investments LongTermInvestments	2409519
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3461875
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	-179538
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	901253
	us-gaap	Net Income Loss NetIncomeLoss	875419
	us-gaap	Net Income Loss NetIncomeLoss	2554533
CY2019Q3	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	175000
CY2018Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	218158
CY2019Q3	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	46725628
CY2018Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	46008467
CY2019Q3	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	57616120
CY2018Q4	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	57038949
CY2019Q3	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	10890492
CY2018Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	11030482
CY2019Q3	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1836290
CY2018Q4	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1774114
CY2019Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-273430
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	909961
	us-gaap	Operating Income Loss OperatingIncomeLoss	617884
	us-gaap	Operating Income Loss OperatingIncomeLoss	2090955
CY2019Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	2031
CY2018Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	298453
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	91379
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	524248
CY2019Q3	us-gaap	Other Assets Current OtherAssetsCurrent	471759
CY2018Q4	us-gaap	Other Assets Current OtherAssetsCurrent
CY2019Q3	us-gaap	Other Expenses OtherExpenses	11540
CY2018Q3	us-gaap	Other Expenses OtherExpenses	11944
	us-gaap	Other Expenses OtherExpenses	34618
	us-gaap	Other Expenses OtherExpenses	35797
CY2019Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	77743
CY2018Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	25243
CY2019Q3	us-gaap	Other Long Term Investments OtherLongTermInvestments	1692982
CY2018Q4	us-gaap	Other Long Term Investments OtherLongTermInvestments	1689249
CY2019Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	29229
CY2018Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	69793
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	292296
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	777235
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	92676
CY2019Q2	us-gaap	Stockholders Equity StockholdersEquity	33449301
CY2019Q3	us-gaap	Stockholders Equity StockholdersEquity	33269426
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	32962788
CY2018Q3	us-gaap	Stockholders Equity StockholdersEquity	33830253
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	33583413
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	32122018
CY2019Q3	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	34959719
CY2018Q4	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	35181030
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	58804
	us-gaap	Payments Of Dividends PaymentsOfDividends	1084571
	us-gaap	Payments Of Dividends PaymentsOfDividends	810649
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	25677995
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	18888614
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	1505293
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	1744338
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	3733
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	53086
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	24750
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	22176226
	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	9423
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	578430
CY2019Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	404045
CY2018Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	403718
CY2019Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11022521
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11184867
CY2019Q3	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	55214226
CY2018Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	54789836
CY2019Q3	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	581716
CY2018Q3	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	316795
	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	1132718
	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	1276288
CY2019Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	34802351
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	35023662
CY2019Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1274761
CY2018Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1868807
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	4712970
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	6005277
CY2019Q3	us-gaap	Revenues Revenues	1276792
CY2018Q3	us-gaap	Revenues Revenues	2167260
	us-gaap	Revenues Revenues	4804349
	us-gaap	Revenues Revenues	6529525
CY2019Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	33269426
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	33583413
CY2019Q3	us-gaap	Treasury Stock Value TreasuryStockValue	1690293
CY2018Q4	us-gaap	Treasury Stock Value TreasuryStockValue	1597617
CY2019Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	337
CY2018Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	33788
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	92676
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	58805
CY2019Q3	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2401894
CY2018Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	2249113
CY2019Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	156617
CY2018Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	157423
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	156820
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	157524

Files In Submission

Name	View Source	Status
0001437749-19-022815-index-headers.html	Edgar Link	pending
0001437749-19-022815-index.html	Edgar Link	pending
0001437749-19-022815.txt	Edgar Link	pending
0001437749-19-022815-xbrl.zip	Edgar Link	pending
ex_163869.htm	Edgar Link	pending
ex_163870.htm	Edgar Link	pending
ex_163871.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
R26.htm	Edgar Link	pending
R27.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-20190930.xml	Edgar Link	completed
rsrv-20190930.xsd	Edgar Link	pending
rsrv-20190930_cal.xml	Edgar Link	unprocessable
rsrv-20190930_def.xml	Edgar Link	unprocessable
rsrv-20190930_lab.xml	Edgar Link	unprocessable
rsrv-20190930_pre.xml	Edgar Link	unprocessable
rsrv20190930_10q.htm	Edgar Link	pending
Show.js	Edgar Link	pending

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$RSRV
RESERVE PETROLEUM CO Stock $rsrv

2019 Q4 Form 10-Q Financial Statement

#000143774919022815 Filed on November 14, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RSRV RESERVE PETROLEUM CO Stock $rsrv

2019 Q4 Form 10-Q Financial Statement

#000143774919022815 Filed on November 14, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RSRV
RESERVE PETROLEUM CO Stock $rsrv