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Quarterly report pursuant to Section 13 or 15(d)

Note 8

 v2.3.0.11
Note 8
 6 Months Ended
Jun. 30, 2011
Segment Reporting Disclosure [Text Block]
(8)
ASC 280, “Segment Reporting,†establishes standards for the way public business enterprises are to report information about operating segments.ÌýÌýIn accordance with ASC 280, the Trust utilizes the management approach as a basis for identifying reportable segments.ÌýÌýThe management approach is based on the way that management organizes the segments within the enterprise for

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making operating decisions and assessing performance.ÌýÌýThe Trust’s management views its operations as one segment and believes the only significant activity is managing the land which was conveyed to the Trust in 1888.ÌýÌýThe Trust’s management makes decisions about resource allocation and performance assessment based on the same financial information presented in these financial statements.ÌýÌýManaging the land includes sales and leases of such land, and the retention of oil and gas royalties.