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Condensed Balance Sheets (USD $)
Dec. 31, 2013
Sep. 30, 2013
Current Assets:    
Cash and cash equivalents $ 294,961 $ 2,867,171
Oil, NGL and natural gas sales receivables 14,677,736 13,720,761
Refundable production taxes 708,506 662,051
Derivative contracts   425,198 [1]
Other 165,811 129,998
Total current assets 15,847,014 17,805,179
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 314,483,789 304,889,145
Non-producing oil and natural gas properties 8,873,666 8,932,905
Furniture and fixtures 737,929 737,368
Total properties and equipment, at cost, based on successful efforts accounting 324,095,384 314,559,418
Less accumulated depreciation, depletion and amortization (191,820,197) (186,641,291)
Net properties and equipment 132,275,187 127,918,127
Investments 1,663,320 1,574,642
Refundable production taxes 440,203 540,482
Total assets 150,225,724 147,838,430
Current Liabilities:    
Accounts payable 7,168,398 8,409,634
Derivative contracts 466,772 [1]  
Deferred income taxes 84,100 127,100
Income taxes payable 1,840,342 751,992
Accrued liabilities and other 1,203,080 1,011,865
Total current liabilities 10,762,692 10,300,591
Long-term debt 6,000,000 8,262,256
Deferred income taxes 31,595,907 31,226,907
Asset retirement obligations 2,477,441 2,393,190
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 8,431,502 issued at December 31, 2013, and September 30, 2013 140,524 140,524
Capital in excess of par value 2,456,303 2,587,838
Deferred directors' compensation 2,870,595 2,756,526
Retained earnings 100,052,495 96,454,449
stockholders' equity 105,519,917 101,939,337
Less treasury stock, at cost; 194,830 shares at December 31, 2013, and 200,248 shares at September 30, 2013 (6,130,233) (6,283,851)
Total stockholders' equity 99,389,684 95,655,486
Total liabilities and stockholders' equity $ 150,225,724 $ 147,838,430
[1] See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.