$RSRV
RESERVE PETROLEUM CO

2023 Q1 Form 10-K Financial Statement

#000143774923008767 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $3.100M $4.394M $16.17M
YoY Change -21.44% 60.03% 77.38%
Cost Of Revenue $1.057M $1.456M $3.640M
YoY Change 35.8% 60.51% 33.73%
Gross Profit $2.043M $2.938M $12.53M
YoY Change -35.51% 59.79% 95.96%
Gross Profit Margin 65.91% 66.87% 77.49%
Selling, General & Admin $595.4K $681.5K $2.083M
YoY Change 11.47% 11.69% -9.89%
% of Gross Profit 29.15% 23.2% 16.62%
Research & Development $374.4K $196.2K $474.8K
YoY Change -796.08% -13.83% -30.96%
% of Gross Profit 18.32% 6.68% 3.79%
Depreciation & Amortization $952.9K $1.883M $2.802M
YoY Change 184.4% 513.33% 1.71%
% of Gross Profit 46.64% 64.1% 22.36%
Operating Expenses $1.923M $2.794M $5.392M
YoY Change 135.79% 144.02% 32.17%
Operating Profit -$46.35K $144.2K $6.430M
YoY Change -102.1% -79.22% 903.27%
Interest Expense $16.95K $375.3K $34.52K
YoY Change -111.41% 54.0% -95.3%
% of Operating Profit 260.38% 0.54%
Other Income/Expense, Net $568.8K -$30.64K -$1.185M
YoY Change -973.7% -267.03%
Pretax Income $537.2K $488.3K $5.046M
YoY Change -73.85% -187.22% 321.73%
Income Tax $133.4K $57.78K $1.073M
% Of Pretax Income 24.84% 11.83% 21.26%
Net Earnings $412.7K $458.1K $4.001M
YoY Change -75.52% -255.79% 219.73%
Net Earnings / Revenue 13.31% 10.43% 24.74%
Basic Earnings Per Share $2.64 $25.62
Diluted Earnings Per Share $2.64 $2.93 $25.62
COMMON SHARES
Basic Shares Outstanding 156.2K 156.2K 156.2K
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.04M $11.51M $13.81M
YoY Change -39.12% -40.29% -28.34%
Cash & Equivalents $6.672M $7.299M $7.299M
Short-Term Investments $5.370M $4.209M $6.512M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.666M $2.318M $2.318M
Other Receivables $108.9K $120.2K $120.2K
Total Short-Term Assets $16.61M $16.25M $16.25M
YoY Change -26.74% -22.57% -24.27%
LONG-TERM ASSETS
Property, Plant & Equipment $14.92M $14.92M $14.92M
YoY Change 85.49% 97.44% 97.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.815M $2.470M $7.555M
YoY Change 99.56% 30.07% 79.13%
Other Assets
YoY Change
Total Long-Term Assets $22.52M $22.48M $22.48M
YoY Change 80.77% 83.52% 89.08%
TOTAL ASSETS
Total Short-Term Assets $16.61M $16.25M $16.25M
Total Long-Term Assets $22.52M $22.48M $22.48M
Total Assets $39.12M $38.73M $38.73M
YoY Change 11.38% 16.53% 16.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $325.2K $399.7K $399.7K
YoY Change 38.83% 53.09% 53.09%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $137.9K $136.6K $136.6K
YoY Change
Total Short-Term Liabilities $480.5K $612.0K $612.1K
YoY Change 59.73% 16.88% 16.88%
LONG-TERM LIABILITIES
Long-Term Debt $1.266M $1.301M $1.301M
YoY Change
Other Long-Term Liabilities $2.822M $2.809M $2.809M
YoY Change 14.26% 13.63% 13.63%
Total Long-Term Liabilities $5.829M $5.730M $4.110M
YoY Change 74.61% 96.82% 66.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $480.5K $612.0K $612.1K
Total Long-Term Liabilities $5.829M $5.730M $4.110M
Total Liabilities $6.310M $6.342M $6.491M
YoY Change 73.38% 84.63% 82.99%
SHAREHOLDERS EQUITY
Retained Earnings $34.24M $33.83M
YoY Change 3.53% 7.77%
Common Stock $157.4K $157.4K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.750M
YoY Change 0.12%
Treasury Stock Shares $28.58K
Shareholders Equity $32.65M $32.24M $32.24M
YoY Change
Total Liabilities & Shareholders Equity $39.12M $38.73M $38.73M
YoY Change 11.38% 16.53% 16.14%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $412.7K $458.1K $4.001M
YoY Change -75.52% -255.79% 219.73%
Depreciation, Depletion And Amortization $952.9K $1.883M $2.802M
YoY Change 184.4% 513.33% 1.71%
Cash From Operating Activities $1.504M $2.000M $8.850M
YoY Change 4.31% 49.9% 134.3%
INVESTING ACTIVITIES
Capital Expenditures $847.6K $872.0K $10.27M
YoY Change -179.24% -233.77% -450.05%
Acquisitions
YoY Change
Other Investing Activities -$1.270M $1.140M $164.1K
YoY Change 111.62% -82.2% -102.71%
Cash From Investing Activities -$2.118M $268.3K -$10.10M
YoY Change 26.82% -95.34% 12.28%
FINANCING ACTIVITIES
Cash Dividend Paid $1.562M
YoY Change 99.46%
Common Stock Issuance & Retirement, Net $2.080K
YoY Change -96.21%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$13.22K -13.92K -$1.578M
YoY Change -72.4% 88.3%
NET CHANGE
Cash From Operating Activities $1.504M 2.000M $8.850M
Cash From Investing Activities -$2.118M 268.3K -$10.10M
Cash From Financing Activities -$13.22K -13.92K -$1.578M
Net Change In Cash -$627.3K 2.254M -$2.830M
YoY Change 174.83% -67.98% -53.29%
FREE CASH FLOW
Cash From Operating Activities $1.504M $2.000M $8.850M
Capital Expenditures $847.6K $872.0K $10.27M
Free Cash Flow $656.1K $1.128M -$1.416M
YoY Change -73.87% -43.22% -121.11%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0459 pure
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2021Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
0 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.50
CY2021Q1 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
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.50
CY2022 dei Entity File Number
EntityFileNumber
000-08157
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
73-0237060
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
6801 Broadway Ext., Suite 300
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Oklahoma City
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
OK
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
73116-9037
CY2022 dei City Area Code
CityAreaCode
405
CY2022 dei Local Phone Number
LocalPhoneNumber
848-7551
CY2022 dei Security12g Title
Security12gTitle
COMMON STOCK ($0.50 PAR VALUE)
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Public Float
EntityPublicFloat
21358046 usd
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
156157
CY2022 dei Auditor Firm
AuditorFirmId
483
CY2022 dei Auditor Name
AuditorName
HoganTaylor LLP
CY2022 dei Auditor Location
AuditorLocation
Oklahoma City, Oklahoma
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7299224 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10129157 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
4208648 usd
CY2022Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
2302959 usd
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
9142357 usd
CY2022Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
120230 usd
CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
350927 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2318183 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1362963 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
16249244 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
20985404 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2469644 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1898646 usd
CY2022Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
5085806 usd
CY2021Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
2791656 usd
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
7555450 usd
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
4690302 usd
CY2022Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
1846543 usd
CY2021Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
1663567 usd
CY2022Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
65328501 usd
CY2021Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
58046754 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
67175044 usd
CY2021Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
59710321 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
52773978 usd
CY2021Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
52686001 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
14401066 usd
CY2021Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
7024320 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
758256 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
680043 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
236883 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
146425 usd
CY2022Q4 rsrv Other Property Equipment Net
OtherPropertyEquipmentNet
521373 usd
CY2021Q4 rsrv Other Property Equipment Net
OtherPropertyEquipmentNet
533618 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14922439 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7557938 usd
CY2022Q4 us-gaap Assets
Assets
38727133 usd
CY2021Q4 us-gaap Assets
Assets
33233644 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
399735 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
261114 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
75675 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
262554 usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
136637 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
612047 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
523668 usd
CY2022Q4 us-gaap Oil And Gas Reclamation Liability Noncurrent
OilAndGasReclamationLiabilityNoncurrent
2809257 usd
CY2021Q4 us-gaap Oil And Gas Reclamation Liability Noncurrent
OilAndGasReclamationLiabilityNoncurrent
2359826 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1619595 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
551320 usd
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
1300872 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
5729724 usd
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2911146 usd
CY2022Q4 us-gaap Liabilities
Liabilities
6341771 usd
CY2021Q4 us-gaap Liabilities
Liabilities
3434814 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
92368 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
92368 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
65000 usd
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
65000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
33828418 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
31389240 usd
CY2022Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
33985786 usd
CY2021Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
31546608 usd
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1749858 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1747778 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
32235928 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
29798830 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
149434 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
32385362 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
29798830 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
38727133 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
33233644 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
295544 usd
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
9804 usd
CY2022 rsrv Water Welldrilling Services
WaterWelldrillingServices
1006121 usd
CY2021 rsrv Water Welldrilling Services
WaterWelldrillingServices
72082 usd
CY2022 us-gaap Revenues
Revenues
16170884 usd
CY2021 us-gaap Revenues
Revenues
9116426 usd
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3639924 usd
CY2021 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2721827 usd
CY2022 rsrv Exploration Expense Reversal
ExplorationExpenseReversal
474773 usd
CY2021 rsrv Exploration Expense Reversal
ExplorationExpenseReversal
687648 usd
CY2022 rsrv Water Welldrilling Services Expense Total
WaterWelldrillingServicesExpenseTotal
907447 usd
CY2021 rsrv Water Welldrilling Services Expense Total
WaterWelldrillingServicesExpenseTotal
375544 usd
CY2022 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
2802006 usd
CY2021 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
2726938 usd
CY2022 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
198443 usd
CY2021 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
16313 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2082525 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1963585 usd
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
9741059 usd
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
8459229 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
6429825 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
657197 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-164497 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-154041 usd
CY2022 us-gaap Interest Expense
InterestExpense
34523 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1185161 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
693250 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5045644 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1196406 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1072524 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-54889 usd
CY2022 us-gaap Profit Loss
ProfitLoss
3973120 usd
CY2021 us-gaap Profit Loss
ProfitLoss
1251295 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-27631 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
4000751 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
1251295 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
25.62
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.00
CY2022 rsrv Cash Dividends Declared And Or Paid
CashDividendsDeclaredAndOrPaid
10.00
CY2021 rsrv Cash Dividends Declared And Or Paid
CashDividendsDeclaredAndOrPaid
5.00
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
156163
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
156483
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
29798830 usd
CY2022 us-gaap Profit Loss
ProfitLoss
3973120 usd
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
1561573 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2080 usd
CY2022 rsrv Noncontrolling Interest Increase From Consolidation
NoncontrollingInterestIncreaseFromConsolidation
177065 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
32385362 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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 Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
29798830 usd
CY2022 rsrv Proceeds From Lease Bonuses And Other
ProceedsFromLeaseBonusesAndOther
289314 usd
CY2021 rsrv Proceeds From Lease Bonuses And Other
ProceedsFromLeaseBonusesAndOther
9804 usd
CY2022 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
62223 usd
CY2021 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
3274 usd
CY2022 us-gaap Proceeds From Dividends Received
ProceedsFromDividendsReceived
304049 usd
CY2021 us-gaap Proceeds From Dividends Received
ProceedsFromDividendsReceived
360407 usd
CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-41580 usd
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-24750 usd
CY2022 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
226158 usd
CY2022 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
377 usd
CY2021 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
16713 usd
CY2022 us-gaap Proceeds From Other Operating Activities
ProceedsFromOtherOperatingActivities
5030 usd
CY2021 us-gaap Proceeds From Other Operating Activities
ProceedsFromOtherOperatingActivities
11537 usd
CY2022 rsrv Payment For Production And Exploration Costs
PaymentForProductionAndExplorationCosts
3804075 usd
CY2021 rsrv Payment For Production And Exploration Costs
PaymentForProductionAndExplorationCosts
2557012 usd
CY2022 us-gaap Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
2961853 usd
CY2021 us-gaap Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
2333939 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
94375 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
29873 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
23184 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8850077 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3777163 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1515234 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
4208648 usd
CY2022 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
533699 usd
CY2021 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
22000 usd
CY2022 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
10266573 usd
CY2021 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
2932919 usd
CY2022 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
1473097 usd
CY2021 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
1639940 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
108019 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
226775 usd
CY2021 rsrv Payments For Proceeds From Notes Receivable
PaymentsForProceedsFromNotesReceivable
168711 usd
CY2022 rsrv Proceeds From Sale Of Trading Securities Operating Activities
ProceedsFromSaleOfTradingSecuritiesOperatingActivities
9148302 usd
CY2021 rsrv Proceeds From Sale Of Trading Securities Operating Activities
ProceedsFromSaleOfTradingSecuritiesOperatingActivities
12347481 usd
CY2022 rsrv Payments For Purchase Of Trading Securities Operating Activities
PaymentsForPurchaseOfTradingSecuritiesOperatingActivities
3944143 usd
CY2021 rsrv Payments For Purchase Of Trading Securities Operating Activities
PaymentsForPurchaseOfTradingSecuritiesOperatingActivities
18367234 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10102441 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8997314 usd
CY2022 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-66332 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
52416 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
1561573 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
782892 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2080 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
54885 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1577569 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-837777 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2829933 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6057928 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7299224 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10129157 usd
CY2022 us-gaap Profit Loss
ProfitLoss
3973120 usd
CY2021 us-gaap Profit Loss
ProfitLoss
1251295 usd
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1284771 usd
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
396773 usd
CY2022 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-350469 usd
CY2021 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
176858 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
933501 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
358242 usd
CY2022 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
21718 usd
CY2021 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
20725 usd
CY2022 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-230697 usd
CY2021 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
132723 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
219486 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
14055 usd
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-1068275 usd
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
17307 usd
CY2022 rsrv Income From Equity And Other Investments Cf
IncomeFromEquityAndOtherInvestmentsCf
-13274 usd
CY2021 rsrv Income From Equity And Other Investments Cf
IncomeFromEquityAndOtherInvestmentsCf
-104940 usd
CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-41580 usd
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-24750 usd
CY2022 us-gaap Exploration Costs
ExplorationCosts
328374 usd
CY2021 us-gaap Exploration Costs
ExplorationCosts
590669 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
248266 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
20130 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2802006 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2726938 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-186274 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
261274 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-109959 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
107895 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8850077 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3777163 usd
CY2022 us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt 0pt 0pt 38pt;text-indent:-38pt;">Note <em style="font: inherit;">1</em> – <span style="text-decoration: underline; ">NATURE OF OPERATIONS</span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; 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, development and minerals management with areas of concentration in Arkansas, Kansas, Oklahoma, South Dakota, Texas and Wyoming, 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. The Company’s subsidiaries consist of majority owned Grand Woods Development, LLC (“Grand Woods”), an Oklahoma limited liability company and wholly owned Trinity Water Services, LLC, an Oklahoma limited liability company, which has a water well drilling joint venture agreement (“JVA”) with TWS South, LLC, a Texas limited liability company (Collectively, “TWS”). Unless otherwise specified or the context otherwise requires, all references in these notes to “the Company,” “its,” “our,” and “we” are to The Reserve Petroleum Company and its consolidated subsidiaries.</p>
CY2022Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
0 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
14869219 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
9034540 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-37582 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022 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 Arkansas, Kansas, Oklahoma, South Dakota, Texas and Wyoming. The Company had one purchaser in <em style="font: inherit;">2022</em> whose total purchases were 14% of total oil and gas sales and two purchasers in <em style="font: inherit;">2021</em> whose purchases were 35% 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>
CY2022 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>
CY2022 rsrv Current Year Inflation Rate
CurrentYearInflationRate
0.0408 pure
CY2022 rsrv Change In Present Value Percent
ChangeInPresentValuePercent
0.0325 pure
CY2021Q4 us-gaap Oil And Gas Reclamation Liability Noncurrent
OilAndGasReclamationLiabilityNoncurrent
2359826 usd
CY2020Q4 us-gaap Oil And Gas Reclamation Liability Noncurrent
OilAndGasReclamationLiabilityNoncurrent
1810729 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
443391 usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
400801 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
79405 usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
17004 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
60236 usd
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
43814 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
25209 usd
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
121486 usd
CY2022Q4 us-gaap Oil And Gas Reclamation Liability Noncurrent
OilAndGasReclamationLiabilityNoncurrent
2809257 usd
CY2021Q4 us-gaap Oil And Gas Reclamation Liability Noncurrent
OilAndGasReclamationLiabilityNoncurrent
2359826 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1068275 usd
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
184735
CY2021Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
28140
CY2021Q1 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
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
16
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
16
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
184735
CY2022Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
28578
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
156157
CY2022 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-350469 usd
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1284771 usd
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
CY2022Q4 rsrv Deferred Tax Assets Accounts Payable
DeferredTaxAssetsAccountsPayable
22647 usd
CY2021Q4 rsrv Deferred Tax Assets Accounts Payable
DeferredTaxAssetsAccountsPayable
13306 usd
CY2022Q4 rsrv Deferred Tax Assets Net Leasehold Impairmentlosses
DeferredTaxAssetsNetLeaseholdImpairmentlosses
84641 usd
CY2021Q4 rsrv Deferred Tax Assets Net Leasehold Impairmentlosses
DeferredTaxAssetsNetLeaseholdImpairmentlosses
164509 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
967774 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
1163085 usd
CY2022Q4 rsrv Deferred Tax Assets Geological And Geophysical Expense
DeferredTaxAssetsGeologicalAndGeophysicalExpense
71987 usd
CY2021Q4 rsrv Deferred Tax Assets Geological And Geophysical Expense
DeferredTaxAssetsGeologicalAndGeophysicalExpense
77149 usd
CY2022Q4 rsrv Deferred Tax Assets Unrealized Equity Securities And Capital Gains
DeferredTaxAssetsUnrealizedEquitySecuritiesAndCapitalGains
148984 usd
CY2021Q4 rsrv Deferred Tax Assets Unrealized Equity Securities And Capital Gains
DeferredTaxAssetsUnrealizedEquitySecuritiesAndCapitalGains
123336 usd
CY2022Q4 rsrv Deferred Tax Assets Asset Retirement Obligtations
DeferredTaxAssetsAssetRetirementObligtations
376911 usd
CY2021Q4 rsrv Deferred Tax Assets Asset Retirement Obligtations
DeferredTaxAssetsAssetRetirementObligtations
347850 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1672944 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1889235 usd
CY2022Q4 rsrv Deferred Tax Liabilities Revenue Accruals
DeferredTaxLiabilitiesRevenueAccruals
239884 usd
CY2021Q4 rsrv Deferred Tax Liabilities Revenue Accruals
DeferredTaxLiabilitiesRevenueAccruals
122711 usd
CY2022Q4 rsrv Deferred Tax Liabilities Intangible Drilling Costs
DeferredTaxLiabilitiesIntangibleDrillingCosts
1951662 usd
CY2021Q4 rsrv Deferred Tax Liabilities Intangible Drilling Costs
DeferredTaxLiabilitiesIntangibleDrillingCosts
1437150 usd
CY2022Q4 rsrv Deferred Tax Liabilities Depletion And Depreciation
DeferredTaxLiabilitiesDepletionAndDepreciation
864746 usd
CY2021Q4 rsrv Deferred Tax Liabilities Depletion And Depreciation
DeferredTaxLiabilitiesDepletionAndDepreciation
745716 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
198995 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
122999 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
37252 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
11979 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3292539 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2440555 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1619595 usd
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
551320 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3812 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-38552 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
437 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
970 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4249 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-17307 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1072524 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-54889 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2132 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0459 pure
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1059585 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
251036 usd
CY2022 rsrv Income Tax Reconciliation Deductions Allowable Depletion
IncomeTaxReconciliationDeductionsAllowableDepletion
76317 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
CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
109438 usd
CY2022 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
18286 usd
CY2021 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
38269 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
437 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
970 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2333 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1554 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1072524 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-54889 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2132 pure
CY2021 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-201119 usd
CY2022 us-gaap Interest Income Other
InterestIncomeOther
98231 usd
CY2021 us-gaap Interest Income Other
InterestIncomeOther
23999 usd
CY2022 us-gaap Dividend Income Operating
DividendIncomeOperating
264035 usd
CY2022 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
963822 usd
CY2021 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
523011 usd
CY2022 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
4020523 usd
CY2021 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
1016716 usd
CY2022 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
853455 usd
CY2021 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
580272 usd
CY2022 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
4524443 usd
CY2021 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
629477 usd
CY2022 rsrv Cost Incurred Asset Retirement Obligation
CostIncurredAssetRetirementObligation
468599 usd
CY2021 rsrv Cost Incurred Asset Retirement Obligation
CostIncurredAssetRetirementObligation
505283 usd
CY2022 rsrv Impairment Of Oil And Gas Cost Properties
ImpairmentOfOilAndGasCostProperties
1109455 usd
CY2021 rsrv Impairment Of Oil And Gas Cost Properties
ImpairmentOfOilAndGasCostProperties
1673929 usd
CY2022 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-1635240 usd
CY2021 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
573631 usd
CY2022 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
49823 usd
CY2021 us-gaap Dividend Income Operating
DividendIncomeOperating
364469 usd
CY2022 rsrv Investment Income Expense Nonoperating
InvestmentIncomeExpenseNonoperating
108034 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-70044 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-70985 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1185161 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
693250 usd
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1 pure
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06 pure
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
48271 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
43583 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
87815597 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
32293498 usd
CY2022Q4 rsrv Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production And Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionAndDevelopmentCosts
38477835 usd
CY2021Q4 rsrv Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production And Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionAndDevelopmentCosts
16056240 usd
CY2022Q4 rsrv Future Net Cash Flows Relating To Proved Oil And Gas Reserves Asset Retirement Obligation
FutureNetCashFlowsRelatingToProvedOilAndGasReservesAssetRetirementObligation
3719370 usd
CY2021Q4 rsrv Future Net Cash Flows Relating To Proved Oil And Gas Reserves Asset Retirement Obligation
FutureNetCashFlowsRelatingToProvedOilAndGasReservesAssetRetirementObligation
2456290 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
5529912 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
1048986 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
40088480 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
12731982 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
16182590 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
CY2022Q4 rsrv Standardized Measure Of Discounted Future Net Cash Flows
StandardizedMeasureOfDiscountedFutureNetCashFlows
23905890 usd
CY2021Q4 rsrv Standardized Measure Of Discounted Future Net Cash Flows
StandardizedMeasureOfDiscountedFutureNetCashFlows
8839459 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
CY2022 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-6832951 usd
CY2021 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-3476703 usd
CY2022 rsrv Net Increase Decrease In Sales And Transfer Prices Net Of Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesNetOfProductionCosts
6904759 usd
CY2021 rsrv Net Increase Decrease In Sales And Transfer Prices Net Of Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesNetOfProductionCosts
3787887 usd
CY2022 rsrv Net Of Future Production And Development Costs
NetOfFutureProductionAndDevelopmentCosts
5895598 usd
CY2021 rsrv Net Of Future Production And Development Costs
NetOfFutureProductionAndDevelopmentCosts
4294966 usd
CY2022 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
3893178 usd
CY2021 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
2934172 usd
CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
1203372 usd
CY2021 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
326800 usd
CY2022 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
7853989 usd
CY2021 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
844340 usd
CY2022 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-2562318 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
CY2022 rsrv Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other1
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther1
468599 usd
CY2021 rsrv Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other1
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther1
505283 usd
CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-1757795 usd
CY2021 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-1120528 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
23905890 usd
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
8839459 usd

Files In Submission

Name View Source Status
0001437749-23-008767-index-headers.html Edgar Link pending
0001437749-23-008767-index.html Edgar Link pending
0001437749-23-008767.txt Edgar Link pending
0001437749-23-008767-xbrl.zip Edgar Link pending
ex_492569.htm Edgar Link pending
ex_492570.htm Edgar Link pending
ex_492571.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image01.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
FilingSummary.xml Edgar Link unprocessable
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
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.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-20221231.xsd Edgar Link pending
rsrv20221231_10k.htm Edgar Link pending
rsrv-20221231_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending
rsrv-20221231_def.xml Edgar Link unprocessable
rsrv-20221231_cal.xml Edgar Link unprocessable
rsrv-20221231_lab.xml Edgar Link unprocessable
rsrv20221231_10k_htm.xml Edgar Link completed