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Last10K.com | 10-Q Quarterly Report Mon Nov 15 2021
Document And Entity Information - shares | 9 Months Ended | |
|---|---|---|
Sep. 30, 2021 | Nov. 05, 2021 | |
| Document Information [Line Items] | ||
| Entity Central Index Key | 0000083350 | |
| Entity Registrant Name | RESERVE PETROLEUM CO | |
| Amendment Flag | false | |
| Current Fiscal Year End Date | --12-31 | |
| Document Fiscal Period Focus | Q3 | |
| Document Fiscal Year Focus | 2021 | |
| Document Type | 10-Q | |
| Document Quarterly Report | true | |
| Document Period End Date | Sep. 30, 2021 | |
| Document Transition Report | false | |
| Entity File Number | 000-08157 | |
| Entity Incorporation, State or Country Code | DE | |
| Entity Tax Identification Number | 73-0237060 | |
| Entity Address, Address Line One | 6801 Broadway Ext., Suite 300 | |
| Entity Address, City or Town | Oklahoma City | |
| Entity Address, State or Province | OK | |
| Entity Address, Postal Zip Code | 73116-9037 | |
| City Area Code | 405 | |
| Local Phone Number | 848-7551 | |
| Entity Current Reporting Status | Yes | |
| Entity Interactive Data Current | Yes | |
| Entity Filer Category | Non-accelerated Filer | |
| Entity Small Business | true | |
| Entity Emerging Growth Company | false | |
| Entity Shell Company | false | |
| Entity Common Stock, Shares Outstanding | 156,561 |
View differences made from one quarter to another to evaluate Reserve Petroleum Co's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Reserve Petroleum Co.
Assess how Reserve Petroleum Co's management team is paid from their Annual Proxy
Reserve Petroleum Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:
- Voting Procedures
- Board Members
- Executive Team
- Salaries, Bonuses, Perks
- Peers / Competitors
Tools
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Document And Entity Information
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Balance Sheets (Current Period Unaudited)
Consolidated Statements Of Operations (Unaudited)
Consolidated Statements Of Stockholders' Equity (Unaudited)
Note 1 - Basis Of Presentation
Note 10 - Related Party Transactions
Note 10 - Related Party Transactions (Details Textual)
Note 2 - Revenue Recognition
Note 2 - Revenue Recognition (Details Textual)
Note 2 - Revenue Recognition (Tables)
Note 2 - Revenue Recognition - Disaggregated Revenue (Details)
Note 3 - Other Income (Loss), Net
Note 3 - Other Income (Loss), Net (Tables)
Note 3 - Other Income, Net - Schedule Of Components Of Other Income, Net (Details)
Note 4 - Equity Method And Other Investments And Related Commitments And Contingent Liabilities, Including Guarantees
Note 4 - Equity Method And Other Investments And Related Commitments And Contingent Liabilities, Including Guarantees (Details Textual)
Note 5 - Provision For Income Taxes
Note 6 - Asset Retirement Obligation
Note 6 - Asset Retirement Obligation (Details Textual)
Note 6 - Asset Retirement Obligation (Tables)
Note 6 - Asset Retirement Obligation - Schedule Of Asset Retirement Obligation (Details)
Note 7 - Fair Value Measurements
Note 7 - Fair Value Measurements (Details Textual)
Note 7 - Fair Value Measurements (Tables)
Note 7 - Fair Value Measurements - Schedule Of Fair Value Reported On A Recurring Basis (Details)
Note 8 - Long-Lived Assets Impairment Loss
Note 8 - Long-Lived Assets Impairment Loss (Details Textual)
Note 9 - New Accounting Pronouncements
Material Contracts, Statements, Certifications & more
Reserve Petroleum Co provided additional information to their SEC Filing as exhibits
Ticker: RSRV
CIK: 83350
Form Type: 10-Q Quarterly Report
Accession Number: 0001437749-21-026572
Submitted to the SEC: Mon Nov 15 2021 6:04:08 AM EST
Accepted by the SEC: Mon Nov 15 2021
Period: Thursday, September 30, 2021
Industry: Crude Petroleum And Natural Gas
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