$RSRV
RESERVE PETROLEUM CO Stock $rsrv

$rsrv Overview Financials Valuation SEC Filings Company Website

2021 Q4 Form 10-K Financial Statement

#000143774922007779 Filed on March 31, 2022

Income Statement

Concept	2021 Q4	2021	2020 Q4
Revenue	$2.746M	$9.116M	$1.006M
YoY Change	172.92%	123.33%	-44.84%
Cost Of Revenue	$907.0K	$2.722M	$507.6K
YoY Change	78.67%	44.91%	-15.53%
Gross Profit	$1.839M	$6.395M	$498.4K
YoY Change	268.9%	190.17%	-59.25%
Gross Profit Margin	66.97%	70.14%	49.54%
Selling, General & Admin	$610.2K	$2.311M	$533.1K
YoY Change	14.46%	28.47%	15.47%
% of Gross Profit	33.19%	36.14%	106.96%
Research & Development	$227.7K	$687.7K
YoY Change		326.34%
% of Gross Profit	12.38%	10.75%
Depreciation & Amortization	$307.1K	$2.755M	$430.3K
YoY Change	-28.64%	-16.92%	-63.84%
% of Gross Profit	16.7%	43.08%	86.34%
Operating Expenses	$1.145M	$4.080M	$971.8K
YoY Change	17.82%	43.57%	-57.77%
Operating Profit	$693.8K	$640.9K	-$473.4K
YoY Change	-246.57%	-120.31%	-56.09%
Interest Expense	$243.7K	$734.7K	$325.9K
YoY Change	-25.23%	15.51%	60.82%
% of Operating Profit	35.13%	114.64%
Other Income/Expense, Net	$0.00	$709.6K	$5.600K
YoY Change	-100.0%	-8.45%	-53.22%
Pretax Income	-$559.8K	$1.196M	-$236.2K
YoY Change	136.99%	-148.04%	-83.13%
Income Tax	-$265.8K	-$54.89K	-$87.11K
% Of Pretax Income		-4.59%
Net Earnings	-$294.1K	$1.251M	-$149.1K
YoY Change	97.2%	-163.96%	-86.94%
Net Earnings / Revenue	-10.71%	13.73%	-14.82%
Basic Earnings Per Share		$8.00
Diluted Earnings Per Share	-$1.882M	$7.997M	-$952.6K
COMMON SHARES
Basic Shares Outstanding	156.6K	156.5K
Diluted Shares Outstanding		0.000

Balance Sheet

Concept	2021 Q4	2021	2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$19.27M	$19.27M	$17.70M
YoY Change	8.86%	-4.78%	-16.72%
Cash & Equivalents	$10.13M	$10.13M	$16.19M
Short-Term Investments	$9.142M	$9.142M	$1.515M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$1.363M	$1.363M	$794.2K
Other Receivables	$823.4K	$823.4K	$496.8K
Total Short-Term Assets	$20.99M	$21.46M	$21.53M
YoY Change	-2.53%	-0.33%	-5.9%
LONG-TERM ASSETS
Property, Plant & Equipment	$7.558M	$7.558M	$7.477M
YoY Change	1.08%	1.08%	-21.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.899M	$4.218M	$605.0K
YoY Change	213.83%	39.65%	-18.77%
Other Assets	$112.4K	$112.4K	$120.4K
YoY Change	-6.68%	-6.68%	-82.47%
Total Long-Term Assets	$12.25M	$11.89M	$10.62M
YoY Change	15.35%	11.96%	-17.34%
TOTAL ASSETS
Total Short-Term Assets	$20.99M	$21.46M	$21.53M
Total Long-Term Assets	$12.25M	$11.89M	$10.62M
Total Assets	$33.23M	$33.35M	$32.15M
YoY Change	3.38%	3.73%	-10.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$261.1K	$261.1K	$248.1K
YoY Change	5.26%	5.27%	58.23%
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	$523.7K	$523.7K	$263.5K
YoY Change	98.74%	98.74%	44.77%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$2.472M	$2.472M	$1.930M
YoY Change	28.08%	28.08%	-22.72%
Total Long-Term Liabilities	$2.911M	$2.472M	$2.499M
YoY Change	16.5%	28.08%	-26.83%
TOTAL LIABILITIES
Total Short-Term Liabilities	$523.7K	$523.7K	$263.5K
Total Long-Term Liabilities	$2.911M	$2.472M	$2.499M
Total Liabilities	$3.435M	$3.547M	$2.762M
YoY Change	24.34%	28.41%	-23.2%
SHAREHOLDERS EQUITY
Retained Earnings	$31.39M		$30.92M
YoY Change	1.51%		-8.14%
Common Stock	$157.4K		$157.4K
YoY Change	0.0%		0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.748M		$1.693M
YoY Change	3.24%		0.15%
Treasury Stock Shares	$28.56K		$28.14K
Shareholders Equity	$29.80M	$29.80M	$29.39M
YoY Change
Total Liabilities & Shareholders Equity	$33.23M	$33.35M	$32.15M
YoY Change	3.38%	3.73%	-10.01%

Cashflow Statement

Concept	2021 Q4	2021	2020 Q4
OPERATING ACTIVITIES
Net Income	-$294.1K	$1.251M	-$149.1K
YoY Change	97.2%	-163.96%	-86.94%
Depreciation, Depletion And Amortization	$307.1K	$2.755M	$430.3K
YoY Change	-28.64%	-16.92%	-63.84%
Cash From Operating Activities	$1.334M	$3.777M	$231.5K
YoY Change	476.32%	247.73%	-66.0%
INVESTING ACTIVITIES
Capital Expenditures	-$651.9K	-$2.933M	-$91.93K
YoY Change	609.08%	91.24%	-84.11%
Acquisitions
YoY Change
Other Investing Activities	$6.408M	-$6.064M	-$1.867M
YoY Change	-443.16%	-141.36%	-247.2%
Cash From Investing Activities	$5.756M	-$8.997M	-$1.959M
YoY Change	-393.78%	-168.43%	-384.01%
FINANCING ACTIVITIES
Cash Dividend Paid		$782.9K
YoY Change		-0.02%
Common Stock Issuance & Retirement, Net		$54.89K
YoY Change		2010.96%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-50.44K	-$837.8K	-2.600K
YoY Change	1840.0%	6.63%	-99.76%
NET CHANGE
Cash From Operating Activities	1.334M	$3.777M	231.5K
Cash From Investing Activities	5.756M	-$8.997M	-1.959M
Cash From Financing Activities	-50.44K	-$837.8K	-2.600K
Net Change In Cash	7.039M	-$6.058M	-1.730M
YoY Change	-506.82%	-145.04%	-698.61%
FREE CASH FLOW
Cash From Operating Activities	$1.334M	$3.777M	$231.5K
Capital Expenditures	-$651.9K	-$2.933M	-$91.93K
Free Cash Flow	$1.986M	$6.710M	$323.4K
YoY Change	514.06%	156.12%	-74.32%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021	dei	Auditor Location AuditorLocation	Oklahoma City, Oklahoma
CY2021Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2020Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2020Q4	us-gaap	Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax	0	USD
CY2021Q4	us-gaap	Assets Current AssetsCurrent	21457849	USD
CY2020Q4	us-gaap	Assets Current AssetsCurrent	21529736	USD
CY2021Q4	us-gaap	Equity Method Investments EquityMethodInvestments	1426201	USD
CY2020Q4	us-gaap	Assets Assets	32147711	USD
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	261114	USD
CY2020Q4	us-gaap	Equity Method Investments EquityMethodInvestments	604991	USD
CY2020Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2021Q4	us-gaap	Other Long Term Investments OtherLongTermInvestments	2791656	USD
CY2020Q4	us-gaap	Other Long Term Investments OtherLongTermInvestments	2415399	USD
CY2021Q4	us-gaap	Long Term Investments LongTermInvestments	4217857	USD
CY2020Q4	us-gaap	Long Term Investments LongTermInvestments	3020390	USD
CY2021Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	1663567	USD
CY2020Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	1883055	USD
CY2021Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	58046754	USD
CY2020Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	55095961	USD
CY2021Q4	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	59710321	USD
CY2020Q4	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	56979016	USD
CY2021Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	7024320	USD
CY2020	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	0
CY2020Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.50
CY2020Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.50
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000
CY2021	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.05	pure
CY2021	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.05	pure
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10129157	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16187085	USD
CY2020Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	7294432	USD
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	680043	USD
CY2020Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	279240	USD
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	146425	USD
CY2020Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	96532	USD
CY2021Q4	rsrv	Other Property Equipment Net OtherPropertyEquipmentNet	533618	USD
CY2020Q4	rsrv	Other Property Equipment Net OtherPropertyEquipmentNet	182708	USD
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7557938	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7477140	USD
CY2021Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	112400	USD
CY2020Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	120445	USD
CY2021Q4	us-gaap	Assets Assets	33346044	USD
CY2020Q4	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	1515234	USD
CY2021Q4	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	9142357	USD
CY2020Q4	us-gaap	Equity Securities Fv Ni EquitySecuritiesFvNi	2536482	USD
CY2021Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	350927	USD
CY2020Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	218204	USD
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1362963	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	794162	USD
CY2021Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	472445	USD
CY2020Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	278569	USD
CY2020Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	248054	USD
CY2021Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	262554	USD
CY2020Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	15443	USD
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	523668	USD
CY2020Q4	us-gaap	Liabilities Current LiabilitiesCurrent	263497	USD
CY2021Q4	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	2359826	USD
CY2020Q4	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1810729	USD
CY2021Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	112400	USD
CY2020Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	119546	USD
CY2021Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	551320	USD
CY2020Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	568627	USD
CY2021Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3023546	USD
CY2020Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2498902	USD
CY2021Q4	us-gaap	Liabilities Liabilities	3547214	USD
CY2020Q4	us-gaap	Liabilities Liabilities	2762399	USD
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	92368	USD
CY2020Q4	us-gaap	Common Stock Value CommonStockValue	92368	USD
CY2021Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	65000	USD
CY2020Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	65000	USD
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	29385312	USD
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	33346044	USD
CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	32147711	USD
CY2021	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	9804	USD
CY2020	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	87024	USD
CY2021	us-gaap	Revenues Revenues	9116426	USD
CY2020	us-gaap	Revenues Revenues	4082098	USD
CY2021	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2721827	USD
CY2020	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	1878319	USD
CY2021	us-gaap	Exploration Expense ExplorationExpense	687648	USD
CY2021	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid	5.00
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	31389240	USD
CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	30920837	USD
CY2021Q4	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	31546608	USD
CY2020Q4	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	31078205	USD
CY2021Q4	us-gaap	Treasury Stock Value TreasuryStockValue	1747778	USD
CY2020Q4	us-gaap	Treasury Stock Value TreasuryStockValue	1692893	USD
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	29798830	USD
CY2020	us-gaap	Exploration Expense ExplorationExpense	161288	USD
CY2021	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	2754923	USD
CY2020	us-gaap	Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions	3399275	USD
CY2021	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2311144	USD
CY2020	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1798991	USD
CY2021	us-gaap	Costs And Expenses CostsAndExpenses	8475542	USD
CY2020	us-gaap	Costs And Expenses CostsAndExpenses	7237873	USD
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	640884	USD
CY2020	us-gaap	Operating Income Loss OperatingIncomeLoss	-3155775	USD
CY2021	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-154041	USD
CY2020	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-109855	USD
CY2021	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	709563	USD
CY2020	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	775082	USD
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1196406	USD
CY2020	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2490548	USD
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-54889	USD
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-534293	USD
CY2021	us-gaap	Net Income Loss NetIncomeLoss	1251295	USD
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-1956255	USD
CY2021	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	8.00
CY2020	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-12.49
CY2020	rsrv	Cash Dividends Declared And Or Paid CashDividendsDeclaredAndOrPaid	5.00
CY2021	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	156483
CY2020	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	156595
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	29385312	USD
CY2021	us-gaap	Net Income Loss NetIncomeLoss	1251295	USD
CY2021	us-gaap	Dividends Common Stock DividendsCommonStock	782892	USD
CY2021	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	54885	USD
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	29798830	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	32127244	USD
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-1956255	USD
CY2020	us-gaap	Dividends Common Stock DividendsCommonStock	783077	USD
CY2020	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	2600	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	29385312	USD
CY2021	rsrv	Proceeds From Lease Bonuses And Other ProceedsFromLeaseBonusesAndOther	9804	USD
CY2020	rsrv	Proceeds From Lease Bonuses And Other ProceedsFromLeaseBonusesAndOther	87024	USD
CY2021	us-gaap	Proceeds From Interest Received ProceedsFromInterestReceived	3274	USD
CY2020	us-gaap	Proceeds From Interest Received ProceedsFromInterestReceived	214156	USD
CY2021	us-gaap	Proceeds From Dividends Received ProceedsFromDividendsReceived	360407	USD
CY2020	us-gaap	Proceeds From Dividends Received ProceedsFromDividendsReceived	8487	USD
CY2021	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-24750	USD
CY2020	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-49500	USD
CY2020	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	77550	USD
CY2021	us-gaap	Proceeds From Legal Settlements ProceedsFromLegalSettlements	16713	USD
CY2020	us-gaap	Proceeds From Legal Settlements ProceedsFromLegalSettlements	4699	USD
CY2021	us-gaap	Proceeds From Other Operating Activities ProceedsFromOtherOperatingActivities	11537	USD
CY2020	us-gaap	Proceeds From Other Operating Activities ProceedsFromOtherOperatingActivities	5600	USD
CY2021	rsrv	Payment For Production And Exploration Costs PaymentForProductionAndExplorationCosts	2557012	USD
CY2020	rsrv	Payment For Production And Exploration Costs PaymentForProductionAndExplorationCosts	1899054	USD
CY2021	us-gaap	Payments To Suppliers And Employees PaymentsToSuppliersAndEmployees	2333939	USD
CY2020	us-gaap	Payments To Suppliers And Employees PaymentsToSuppliersAndEmployees	1752384	USD
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	94375	USD
CY2021	us-gaap	Interest Paid Net InterestPaidNet	23184	USD
CY2020	us-gaap	Interest Paid Net InterestPaidNet	23252	USD
CY2020	rsrv	Equity Method Investments Cash Payments EquityMethodInvestmentsCashPayments	9000	USD
CY2020	us-gaap	Payments For Other Operating Activities PaymentsForOtherOperatingActivities	615	USD
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3777163	USD
CY2020	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1086237	USD
CY2021	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	1515234	USD
CY2020	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	25082212	USD
CY2020	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	8079535	USD
CY2021	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	22000	USD
CY2020	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	16418	USD
CY2021	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	2932919	USD
CY2020	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	1533673	USD
CY2021	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	1639940	USD
CY2020	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	503733	USD
CY2021	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	226775	USD
CY2020	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	3000	USD
CY2021	rsrv	Payments For Proceeds From Notes Receivable PaymentsForProceedsFromNotesReceivable	168711	USD
CY2020	rsrv	Payments For Proceeds From Notes Receivable PaymentsForProceedsFromNotesReceivable	278569	USD
CY2021	rsrv	Proceeds From Sale Of Trading Securities Operating Activities ProceedsFromSaleOfTradingSecuritiesOperatingActivities	12347481	USD
CY2020	rsrv	Proceeds From Sale Of Trading Securities Operating Activities ProceedsFromSaleOfTradingSecuritiesOperatingActivities	5946634	USD
CY2021	rsrv	Payments For Purchase Of Trading Securities Operating Activities PaymentsForPurchaseOfTradingSecuritiesOperatingActivities	18367234	USD
CY2020	rsrv	Payments For Purchase Of Trading Securities Operating Activities PaymentsForPurchaseOfTradingSecuritiesOperatingActivities	7504566	USD
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8997314	USD
CY2020	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	13148188	USD
CY2021	us-gaap	Payments Of Dividends PaymentsOfDividends	782892	USD
CY2020	us-gaap	Payments Of Dividends PaymentsOfDividends	783078	USD
CY2021	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	54885	USD
CY2020	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2600	USD
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-837777	USD
CY2020	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-785678	USD
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-6057928	USD
CY2020	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	13448747	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	16187085	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2738338	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	10129157	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	16187085	USD
CY2021	us-gaap	Net Income Loss NetIncomeLoss	1251295	USD
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-1956255	USD
CY2021	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	396773	USD
CY2020	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	296920	USD
CY2021	us-gaap	Equity Securities Fv Ni Realized Gain Loss EquitySecuritiesFvNiRealizedGainLoss	176858	USD
CY2020	us-gaap	Equity Securities Fv Ni Realized Gain Loss EquitySecuritiesFvNiRealizedGainLoss	136555	USD
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	358242	USD
CY2020	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-107932	USD
CY2021	us-gaap	Increase Decrease In Interest And Dividends Receivable IncreaseDecreaseInInterestAndDividendsReceivable	20725	USD
CY2020	us-gaap	Increase Decrease In Interest And Dividends Receivable IncreaseDecreaseInInterestAndDividendsReceivable	-66289	USD
CY2021	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	132723	USD
CY2020	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	108205	USD
CY2021	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	14055	USD
CY2020	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	50692	USD
CY2021	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	17307	USD
CY2020	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	348738	USD
CY2021	rsrv	Income From Equity And Other Investments Cf IncomeFromEquityAndOtherInvestmentsCf	-104940	USD
CY2020	rsrv	Income From Equity And Other Investments Cf IncomeFromEquityAndOtherInvestmentsCf	73988	USD
CY2021	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-24750	USD
CY2020	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-49500	USD
CY2021	us-gaap	Exploration Costs ExplorationCosts	590669	USD
CY2020	us-gaap	Exploration Costs ExplorationCosts	109749	USD
CY2021	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	20130	USD
CY2020	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-54051	USD
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2754923	USD
CY2020	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3315822	USD
CY2021	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	261274	USD
CY2021	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	107895	USD
CY2020	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	104887	USD
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3777163	USD
CY2020	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1086237	USD
CY2021	us-gaap	Basis Of Accounting BasisOfAccounting	<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 27pt;"> <p style="margin: 0pt; text-align: justify; font-family: Times New Roman; font-size: 10pt;">Note</p> </td> <td style="width: auto;"> <p style="margin: 0pt; text-align: justify; font-family: Times New Roman; font-size: 10pt;"><em style="font: inherit;">1</em> – <span style="text-decoration: underline; ">NATURE OF OPERATIONS</span></p> </td> </tr> </tbody> </table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 27pt;">The Reserve Petroleum Company, a Delaware corporation, is an independent oil and gas company engaged in oil and natural gas exploration and development and minerals management with areas of concentration in Texas, Oklahoma, Kansas, Arkansas and South Dakota, a single business segment. The Company is also engaged in investments and joint ventures that are <em style="font: inherit;">not</em> significant business segments. Unless otherwise specified or the context otherwise requires, all references in these notes to “the Company” are to The Reserve Petroleum Company and its consolidated wholly owned subsidiary, Trinity Water Services, LLC (“TWSOK”), an Oklahoma limited liability company. TWSOK was formed in <em style="font: inherit;"> March 2021 </em>to provide initial capital, including the purchase of water well drilling equipment and startup costs for TWS South, LLC (“TWSTX”), a Texas limited liability company that is consolidated into TWSOK.</p>
CY2021Q4	us-gaap	Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax	0	USD
CY2021	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	9034540	USD
CY2020	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	3995074	USD
CY2021Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	0
CY2021	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 27pt;"><span style="text-decoration: underline; ">Concentrations of Credit Risk and Major Customers</span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 27pt;">The Company’s receivables relate primarily to sales of oil and natural gas to purchasers with operations in Texas, Oklahoma, Kansas and South Dakota. The Company had two purchasers in <em style="font: inherit;">2021</em> whose total purchases were 35% of total oil and gas sales and one purchaser in <em style="font: inherit;">2020</em> whose purchases were 17% of total oil and gas sales.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 27pt;">The Company maintains its cash in bank deposit accounts, which at times <em style="font: inherit;"> may </em>exceed federally insured limits. The Company has <em style="font: inherit;">not</em> experienced any losses in such accounts and believes that it is <em style="font: inherit;">not</em> exposed to any significant credit risk with respect to cash and cash equivalents.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 27pt;">The Company’s investment in marketable equity securities consists of equity interests in both U.S. and international entities involved in a broad range of industries. These marketable equity securities are subject to overall market risks, which could result in a temporary or permanent decline in the fair value of these securities.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021	us-gaap	Use Of Estimates UseOfEstimates	<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 27pt;"><span style="text-decoration: underline; ">Use of Estimates</span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 27pt;">The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. These estimates include oil and natural gas reserve quantities that form the basis for the calculation of amortization and impairment of oil and natural gas properties. Management emphasizes that reserve estimates are inherently imprecise and that estimates of more recent reserve discoveries are more imprecise than those for properties with long production histories. Actual results could differ from the estimates and assumptions used in the preparation of the Company’s consolidated financial statements.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2021	rsrv	Current Year Inflation Rate CurrentYearInflationRate	0.0408	pure
CY2021	rsrv	Change In Present Value Percent ChangeInPresentValuePercent	0.0325	pure
CY2020Q4	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1810729	USD
CY2019Q4	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1821527	USD
CY2021	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	400801	USD
CY2021	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	17004	USD
CY2020	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	25205	USD
CY2021	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	43814	USD
CY2020	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	45649	USD
CY2021	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	121486	USD
CY2020	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-31242	USD
CY2021Q4	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	2359826	USD
CY2020Q4	us-gaap	Oil And Gas Reclamation Liability Noncurrent OilAndGasReclamationLiabilityNoncurrent	1810729	USD
CY2021	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 27pt;"><span style="text-decoration: underline; ">Reclassifications</span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 27pt;">Certain amounts in the <em style="font: inherit;">2020</em> financial statements have been reclassified to conform to the <em style="font: inherit;">2021</em> presentation. The amounts were <em style="font: inherit;">not</em> material to the financial statements and had <em style="font: inherit;">no</em> effect on previously reported net loss.</p>
CY2019Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	184735
CY2020	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	20
CY2020	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	20
CY2020Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	184735
CY2020Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	28140
CY2020Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	156595
CY2021	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	422
CY2021	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	422
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	184735
CY2021Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	28562
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	156173
CY2021	us-gaap	Equity Securities Fv Ni Realized Gain Loss EquitySecuritiesFvNiRealizedGainLoss	176858	USD
CY2021	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	396773	USD
CY2020	us-gaap	Equity Securities Fv Ni Realized Gain Loss EquitySecuritiesFvNiRealizedGainLoss	136555	USD
CY2020	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	296920	USD
CY2021Q4	rsrv	Deferred Tax Assets Accounts Payable DeferredTaxAssetsAccountsPayable	13306	USD
CY2021Q4	rsrv	Deferred Tax Assets Net Leasehold Impairmentlosses DeferredTaxAssetsNetLeaseholdImpairmentlosses	164509	USD
CY2020Q4	rsrv	Deferred Tax Assets Net Leasehold Impairmentlosses DeferredTaxAssetsNetLeaseholdImpairmentlosses	144013	USD
CY2021Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses	1163085	USD
CY2020Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses	1059416	USD
CY2021Q4	rsrv	Deferred Tax Assets Geological And Geophysical Expense DeferredTaxAssetsGeologicalAndGeophysicalExpense	77149	USD
CY2020Q4	rsrv	Deferred Tax Assets Geological And Geophysical Expense DeferredTaxAssetsGeologicalAndGeophysicalExpense	13073	USD
CY2021Q4	rsrv	Deferred Tax Assets Unrealized Equity Securities And Capital Gains DeferredTaxAssetsUnrealizedEquitySecuritiesAndCapitalGains	123336	USD
CY2021Q4	rsrv	Deferred Tax Assets Asset Retirement Obligtations DeferredTaxAssetsAssetRetirementObligtations	347850	USD
CY2020Q4	rsrv	Deferred Tax Assets Asset Retirement Obligtations DeferredTaxAssetsAssetRetirementObligtations	313296	USD
CY2020Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	3210	USD
CY2021Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	1889235	USD
CY2020Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	1533008	USD
CY2021Q4	rsrv	Deferred Tax Liabilities Revenue Accruals DeferredTaxLiabilitiesRevenueAccruals	122711	USD
CY2020Q4	rsrv	Deferred Tax Liabilities Revenue Accruals DeferredTaxLiabilitiesRevenueAccruals	48901	USD
CY2021Q4	rsrv	Deferred Tax Liabilities Intangible Drilling Costs DeferredTaxLiabilitiesIntangibleDrillingCosts	1437150	USD
CY2020Q4	rsrv	Deferred Tax Liabilities Intangible Drilling Costs DeferredTaxLiabilitiesIntangibleDrillingCosts	1374233	USD
CY2020Q4	rsrv	Deferred Tax Liabilities Unrealized Equity Securities And Capital Losses DeferredTaxLiabilitiesUnrealizedEquitySecuritiesAndCapitalLosses	43295	USD
CY2021Q4	rsrv	Deferred Tax Liabilities Depletion And Depreciation DeferredTaxLiabilitiesDepletionAndDepreciation	745716	USD
CY2020Q4	rsrv	Deferred Tax Liabilities Depletion And Depreciation DeferredTaxLiabilitiesDepletionAndDepreciation	489402	USD
CY2021Q4	us-gaap	Deferred Tax Liabilities Investments DeferredTaxLiabilitiesInvestments	122999	USD
CY2020Q4	us-gaap	Deferred Tax Liabilities Investments DeferredTaxLiabilitiesInvestments	129731	USD
CY2021Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	11979	USD
CY2020Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	16073	USD
CY2021Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	2440555	USD
CY2021	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-38552	USD
CY2020Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	2101635	USD
CY2021Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	551320	USD
CY2020Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	568627	USD
CY2020	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-185731	USD
CY2021	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	970	USD
CY2020	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	176	USD
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-37582	USD
CY2020	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-185555	USD
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-17307	USD
CY2020	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-348738	USD
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-54889	USD
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-534293	USD
CY2020	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.21	pure
CY2021	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	251036	USD
CY2020	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-523015	USD
CY2021	rsrv	Income Tax Reconciliation Deductions Allowable Depletion IncomeTaxReconciliationDeductionsAllowableDepletion	148538	USD
CY2021	rsrv	Effective Income Tax Rate Reconciliation Federal Tax Carrybacks EffectiveIncomeTaxRateReconciliationFederalTaxCarrybacks	118534	USD
CY2021	us-gaap	Income Tax Reconciliation Deductions Dividends IncomeTaxReconciliationDeductionsDividends	38269	USD
CY2020	us-gaap	Income Tax Reconciliation Deductions Dividends IncomeTaxReconciliationDeductionsDividends	891	USD
CY2021	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	970	USD
CY2020	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	176	USD
CY2021	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-1554	USD
CY2020	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-10563	USD
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-54889	USD
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-534293	USD
CY2020	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.21	pure
CY2021	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	523011	USD
CY2020	us-gaap	Costs Incurred Acquisition Of Unproved Oil And Gas Properties CostsIncurredAcquisitionOfUnprovedOilAndGasProperties	271001	USD
CY2021	us-gaap	Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves	1016716	USD
CY2021	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	580272	USD
CY2020	us-gaap	Costs Incurred Exploration Costs CostsIncurredExplorationCosts	413779	USD
CY2021	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	629477	USD
CY2020	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	854608	USD
CY2021	rsrv	Cost Incurred Asset Retirement Obligation CostIncurredAssetRetirementObligation	505283	USD
CY2021	rsrv	Impairment Of Oil And Gas Cost Properties ImpairmentOfOilAndGasCostProperties	1673929	USD
CY2020	rsrv	Impairment Of Oil And Gas Cost Properties ImpairmentOfOilAndGasCostProperties	2517873	USD
CY2021	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	573631	USD
CY2020	us-gaap	Equity Securities Fv Ni Gain Loss EquitySecuritiesFvNiGainLoss	433475	USD
CY2021	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-184806	USD
CY2020	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	23590	USD
CY2021	us-gaap	Interest Income Other InterestIncomeOther	23999	USD
CY2020	us-gaap	Interest Income Other InterestIncomeOther	147867	USD
CY2021	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	5600	USD
CY2020	us-gaap	Rental Income Nonoperating RentalIncomeNonoperating	5600	USD
CY2021	us-gaap	Dividend Income Operating DividendIncomeOperating	364469	USD
CY2020	us-gaap	Dividend Income Operating DividendIncomeOperating	8487	USD
CY2021	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	3255	USD
CY2020	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	241866	USD
CY2021	us-gaap	Other Expenses OtherExpenses	76585	USD
CY2020	us-gaap	Other Expenses OtherExpenses	85803	USD
CY2021	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	709563	USD
CY2020	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	775082	USD
CY2020Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	1931647	USD
CY2021Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows	12731982	USD
CY2020Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows	2842721	USD
CY2021Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows	3892523	USD
CY2021Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	8839459	USD
CY2021Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows	32293498	USD
CY2020Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows	9701762	USD
CY2021Q4	rsrv	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production And Development Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionAndDevelopmentCosts	16056240	USD
CY2020Q4	rsrv	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production And Development Costs FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionAndDevelopmentCosts	5910324	USD
CY2021Q4	rsrv	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Asset Retirement Obligation FutureNetCashFlowsRelatingToProvedOilAndGasReservesAssetRetirementObligation	2456290	USD
CY2020Q4	rsrv	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Asset Retirement Obligation FutureNetCashFlowsRelatingToProvedOilAndGasReservesAssetRetirementObligation	1551502	USD
CY2021Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense	1048986	USD
CY2020Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense	-602785	USD
CY2020Q4	srt	Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows	911074	USD
CY2021Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	8839459	USD
CY2020Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	1931647	USD
CY2020Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	1931647	USD
CY2019Q4	srt	Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves	5479471	USD
CY2021	srt	Sales And Transfers Of Oil And Gas Produced Net Of Production Costs SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts	-3476703	USD
CY2020	srt	Sales And Transfers Of Oil And Gas Produced Net Of Production Costs SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts	-652984	USD
CY2021	rsrv	Net Increase Decrease In Sales And Transfer Prices Net Of Production Costs NetIncreaseDecreaseInSalesAndTransferPricesNetOfProductionCosts	3787887	USD
CY2020	rsrv	Net Increase Decrease In Sales And Transfer Prices Net Of Production Costs NetIncreaseDecreaseInSalesAndTransferPricesNetOfProductionCosts	-3294788	USD
CY2021	rsrv	Net Of Future Production And Development Costs NetOfFutureProductionAndDevelopmentCosts	4294966	USD
CY2021	srt	Revisions Of Previous Quantity Estimates RevisionsOfPreviousQuantityEstimates	2934172	USD
CY2020	srt	Revisions Of Previous Quantity Estimates RevisionsOfPreviousQuantityEstimates	-499405	USD
CY2021	srt	Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount	326800	USD
CY2020	srt	Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount	1020164	USD
CY2021	srt	Increase Due To Purchases Of Minerals In Place IncreaseDueToPurchasesOfMineralsInPlace	844340	USD
CY2021	srt	Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves	-1188405	USD
CY2020	srt	Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves	655408	USD
CY2021	rsrv	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other1 StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther1	505283	USD
CY2020	rsrv	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other1 StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther1	-56447	USD
CY2021	srt	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther	-1120528	USD
CY2020	srt	Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther	-719772	USD

Files In Submission

Name	View Source	Status
0001437749-22-007779-index-headers.html	Edgar Link	pending
0001437749-22-007779-index.html	Edgar Link	pending
0001437749-22-007779.txt	Edgar Link	pending
0001437749-22-007779-xbrl.zip	Edgar Link	pending
ex_350206.htm	Edgar Link	pending
ex_350207.htm	Edgar Link	pending
ex_350208.htm	Edgar Link	pending
ex_350209.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
image3.jpg	Edgar Link	pending
MetaLinks.json	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
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.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-20211231.xsd	Edgar Link	pending
rsrv-20211231_cal.xml	Edgar Link	unprocessable
rsrv-20211231_def.xml	Edgar Link	unprocessable
rsrv-20211231_lab.xml	Edgar Link	unprocessable
rsrv-20211231_pre.xml	Edgar Link	unprocessable
rsrv20211231_10k.htm	Edgar Link	pending
rsrv20211231_10k_htm.xml	Edgar Link	completed
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$RSRV
RESERVE PETROLEUM CO Stock $rsrv

2021 Q4 Form 10-K Financial Statement

#000143774922007779 Filed on March 31, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RSRV RESERVE PETROLEUM CO Stock $rsrv

2021 Q4 Form 10-K Financial Statement

#000143774922007779 Filed on March 31, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RSRV
RESERVE PETROLEUM CO Stock $rsrv