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      <DepreciationPropertyGrp>
        <PropertyDesc>Ranch house furn - Irion</PropertyDesc>
        <AcquiredDt>2014-03-20</AcquiredDt>
        <CostOrOtherBasisAmt>500</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>10.0000</LifeRt>
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      <DepreciationPropertyGrp>
        <PropertyDesc>Solar Well Eq - Ne Well</PropertyDesc>
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        <CostOrOtherBasisAmt>5632</CostOrOtherBasisAmt>
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      <DepreciationPropertyGrp>
        <PropertyDesc>Solar Well Eq - Duck pd</PropertyDesc>
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        <CostOrOtherBasisAmt>4046</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
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      <DepreciationPropertyGrp>
        <PropertyDesc>Solar Well Eq - Switank</PropertyDesc>
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        <CostOrOtherBasisAmt>4069</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
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      <DepreciationPropertyGrp>
        <PropertyDesc>12.1 Miles of High Fence</PropertyDesc>
        <AcquiredDt>2014-11-03</AcquiredDt>
        <CostOrOtherBasisAmt>304371</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>10.0000</LifeRt>
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      <DepreciationPropertyGrp>
        <PropertyDesc>WW Pinto - Kinney</PropertyDesc>
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        <CostOrOtherBasisAmt>17220</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>10.0000</LifeRt>
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      <DepreciationPropertyGrp>
        <PropertyDesc>Cameras (sec/surveys)</PropertyDesc>
        <AcquiredDt>2014-09-06</AcquiredDt>
        <CostOrOtherBasisAmt>2976</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
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      <DepreciationPropertyGrp>
        <PropertyDesc>Feeders</PropertyDesc>
        <AcquiredDt>2014-09-30</AcquiredDt>
        <CostOrOtherBasisAmt>9200</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>10.0000</LifeRt>
        <CurrentYearExpenseAmt>230</CurrentYearExpenseAmt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Washer and dryer</PropertyDesc>
        <AcquiredDt>2014-11-08</AcquiredDt>
        <CostOrOtherBasisAmt>758</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>25</CurrentYearExpenseAmt>
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      <DepreciationPropertyGrp>
        <PropertyDesc>Hunting stands &amp; feeders</PropertyDesc>
        <AcquiredDt>2014-11-15</AcquiredDt>
        <CostOrOtherBasisAmt>34875</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>10.0000</LifeRt>
        <CurrentYearExpenseAmt>581</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>581</NetInvestmentIncomeAmt>
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    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="14000265" softwareVersionNum="2014v6.0">
      <InvestmentsCorporateStockGrp>
        <StockNm>See attached</StockNm>
        <EOYBookValueAmt>9894833</EOYBookValueAmt>
        <EOYFMVAmt>9643922</EOYFMVAmt>
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    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvestmentsGovtObligationsSche" softwareId="14000265" softwareVersionNum="2014v6.0">
      <StateLocalSecBookVlEOYAmt>19822</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>20067</StateLocalSecEOYFMVAmt>
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    <InvestmentsLandSchedule2 documentId="InvestmentsLandSchedule2" softwareId="14000265" softwareVersionNum="2014v6.0">
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        <CategoryOrItemTxt>Furniture and Fixtures</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>500</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>38</AccumulatedDepreciationAmt>
        <BookValueAmt>462</BookValueAmt>
        <EOYFMVAmt>462</EOYFMVAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>243529</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>18566</AccumulatedDepreciationAmt>
        <BookValueAmt>224963</BookValueAmt>
        <EOYFMVAmt>224963</EOYFMVAmt>
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      <InvestmentLandGrp>
        <CategoryOrItemTxt>Improvements</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>381722</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>7381</AccumulatedDepreciationAmt>
        <BookValueAmt>374341</BookValueAmt>
        <EOYFMVAmt>374341</EOYFMVAmt>
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      <InvestmentLandGrp>
        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11722567</CostOrOtherBasisAmt>
        <BookValueAmt>11722567</BookValueAmt>
        <EOYFMVAmt>12914543</EOYFMVAmt>
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    </InvestmentsLandSchedule2>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Lincoln Variable Annuities</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1200000</BookValueAmt>
        <EOYFMVAmt>1200000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Plains All American Pipeline LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>49684</BookValueAmt>
        <EOYFMVAmt>52215</EOYFMVAmt>
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    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="14000265" softwareVersionNum="2014v6.0">
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        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11112</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3045</AccumulatedDepreciationAmt>
        <BookValueAmt>8067</BookValueAmt>
        <EOYFMVAmt>8067</EOYFMVAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>Buildings</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>113167</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1886</AccumulatedDepreciationAmt>
        <BookValueAmt>111281</BookValueAmt>
        <EOYFMVAmt>111281</EOYFMVAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>9519</CostOrOtherBasisAmt>
        <BookValueAmt>9519</BookValueAmt>
        <EOYFMVAmt>9519</EOYFMVAmt>
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    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="14000265" softwareVersionNum="2014v6.0">
      <LegalFeesGrp>
        <CategoryTxt>Ranch/mineral interest issues</CategoryTxt>
        <LegalFeesAmt>2598</LegalFeesAmt>
        <NetInvestmentIncomeAmt>2598</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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    </LegalFeesSchedule>
    <MortgagesAndNotesPayableSch documentId="MortgagesAndNotesPayableSchedu" softwareId="14000265" softwareVersionNum="2014v6.0">
      <NotePayableGrp>
        <LenderNameGrp>
          <PersonNm>Irion County Ranch</PersonNm>
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    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="14000265" softwareVersionNum="2014v6.0">
      <OtherAssetsScheduleGrp>
        <Desc>Oil and gas mineral interests</Desc>
        <BOYBookValueAmt>19466688</BOYBookValueAmt>
        <EOYBookValueAmt>19466688</EOYBookValueAmt>
        <EOYFMVAmt>5928518</EOYFMVAmt>
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    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule" softwareId="14000265" softwareVersionNum="2014v6.0">
      <OtherDecreasesDetail>
        <Desc>Income in respect of a decedent not recorded for books</Desc>
        <Amt>2400885</Amt>
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    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="14000265" softwareVersionNum="2014v6.0">
      <OtherExpensesScheduleGrp>
        <Desc>Bank charges</Desc>
        <RevenueAndExpensesPerBooksAmt>140</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>140</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>Housing expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>2249</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2249</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>3488</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3488</NetInvestmentIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>Internet</Desc>
        <RevenueAndExpensesPerBooksAmt>221</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>221</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>K-1 expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>59</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>52</NetInvestmentIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>Library books</Desc>
        <RevenueAndExpensesPerBooksAmt>5574</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>Office expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>81</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
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        <RevenueAndExpensesPerBooksAmt>315</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>315</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>Postage &amp; freight</Desc>
        <RevenueAndExpensesPerBooksAmt>160</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>160</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>Ranch expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>54225</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>54225</NetInvestmentIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>Repairs/maintenance</Desc>
        <RevenueAndExpensesPerBooksAmt>283</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>YouTube project expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>2990</RevenueAndExpensesPerBooksAmt>
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        <RevenueAndExpensesPerBooksAmt>74521</RevenueAndExpensesPerBooksAmt>
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      <OtherIncomeDetail>
        <Desc>Easements and ROW</Desc>
        <RevenueAndExpensesPerBooksAmt>121395</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>121395</NetInvestmentIncomeAmt>
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      <OtherIncomeDetail>
        <Desc>Inc in respect of a deced</Desc>
        <RevenueAndExpensesPerBooksAmt>2400885</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2400885</NetInvestmentIncomeAmt>
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      <OtherIncomeDetail>
        <Desc>K-1 income</Desc>
        <RevenueAndExpensesPerBooksAmt>-1165</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7</NetInvestmentIncomeAmt>
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      <OtherIncomeDetail>
        <Desc>Other income</Desc>
        <RevenueAndExpensesPerBooksAmt>100</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>100</NetInvestmentIncomeAmt>
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      <OtherIncomeDetail>
        <Desc>Ranch lease</Desc>
        <RevenueAndExpensesPerBooksAmt>38820</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>38820</NetInvestmentIncomeAmt>
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      <OtherIncomeDetail>
        <Desc>Ranch surface lease</Desc>
        <RevenueAndExpensesPerBooksAmt>12861</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>12861</NetInvestmentIncomeAmt>
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      <OtherIncomeDetail>
        <Desc>Royalties</Desc>
        <RevenueAndExpensesPerBooksAmt>3416949</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3416949</NetInvestmentIncomeAmt>
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    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="14000265" softwareVersionNum="2014v6.0">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Mineral interest consulting fees</CategoryTxt>
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        <NetInvestmentIncomeAmt>13536</NetInvestmentIncomeAmt>
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    <TaxesSchedule documentId="TaxesSchedule" softwareId="14000265" softwareVersionNum="2014v6.0">
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      <TaxesDetail>
        <CategoryTxt>Property tax - minerals</CategoryTxt>
        <Amt>110680</Amt>
        <NetInvestmentIncomeAmt>110680</NetInvestmentIncomeAmt>
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      <TaxesDetail>
        <CategoryTxt>Property tax - surface</CategoryTxt>
        <Amt>11844</Amt>
        <NetInvestmentIncomeAmt>11844</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>