New Concept Energy is a holding company operating through two business segments: real estate and advisory services in the oil and gas sector. The company owns approximately 190 acres of industrial property in West Virginia with multiple structures, generating revenue through tenant leasing arrangements. Additionally, the company provides consulting, accounting, and management services to an oil and gas operator, earning advisory service fees as a percentage of well revenues. The company generates income from both real estate lease payments and management service fees while exploring opportunities to establish or acquire new business operations.