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Condensed Statements Of Operations (USD $)
3 Months Ended 6 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Revenues:        
Oil, NGL and natural gas sales $ 21,108,301 $ 14,100,844 $ 39,581,383 $ 26,859,798
Lease bonuses and rentals 19,717 140,941 215,946 515,333
Gains (losses) on derivative contracts (1,587,029) (1,811,359) (2,083,930) (918,666)
Income from partnerships 211,056 151,560 435,402 305,956
Total revenues 19,752,045 12,581,986 38,148,801 26,762,421
Costs and expenses:        
Lease operating expenses 3,653,000 2,638,342 6,968,397 5,934,904
Production taxes 706,033 412,886 1,277,597 716,439
Exploration costs 24,429 15,412 63,184 35,179
Depreciation, depletion and amortization 4,939,834 6,258,623 10,247,853 11,897,643
Provision for impairment 227,152 63,476 430,143 218,441
Loss (gain) on asset sales, interest and other 104,644 (211,896) 27,189 (168,710)
General and administrative 1,651,380 1,643,656 3,524,547 3,541,740
Total costs and expenses 11,306,472 10,820,499 22,538,910 22,175,636
Income before provision for income taxes 8,445,573 1,761,487 15,609,891 4,586,785
Provision for income taxes 2,791,000 739,000 5,029,000 1,416,000
Net income $ 5,654,573 $ 1,022,487 $ 10,580,891 $ 3,170,785
Basic and diluted earnings per common share (Note 3) $ 0.68 $ 0.12 $ 1.27 $ 0.38
Basic and diluted weighted average shares outstanding:        
Common shares 8,236,672 8,254,226 8,234,261 8,252,145
Unissued, directors' deferred compensation shares 126,051 113,258 125,712 113,045
Basic and diluted weighted average shares outstanding 8,362,723 8,367,484 8,359,973 8,365,190
Dividends declared per share of common stock and paid in period $ 0.08 $ 0.07 $ 0.16 $ 0.14