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Condensed Balance Sheets (USD $)
Jun. 30, 2014
Sep. 30, 2013
Current Assets:    
Cash and cash equivalents $ 1,511,057 $ 2,867,171
Oil, NGL and natural gas sales receivables 15,070,653 13,720,761
Refundable income taxes 3,160,243  
Refundable production taxes 760,947 662,051
Derivative contracts, net    [1] 425,198 [1]
Other 3,660,589 129,998
Total current assets 24,163,489 17,805,179
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 408,816,025 304,889,145
Non-producing oil and natural gas properties 9,544,840 8,932,905
Other 1,305,473 737,368
Total properties and equipment, at cost, based on successful efforts accounting 419,666,338 314,559,418
Less accumulated depreciation, depletion and amortization (198,439,791) (186,641,291)
Net properties and equipment 221,226,547 127,918,127
Investments 1,653,406 1,574,642
Refundable production taxes 159,845 540,482
Total assets 247,203,287 147,838,430
Current Liabilities:    
Accounts payable 8,031,138 8,409,634
Derivative contracts, net 1,944,091 [1]    [1]
Deferred income taxes 9,100 127,100
Income taxes payable   751,992
Accrued liabilities and other 1,111,910 1,011,865
Total current liabilities 11,096,239 10,300,591
Long-term debt 85,852,794 8,262,256
Deferred income taxes 37,308,907 31,226,907
Asset retirement obligations 2,855,520 2,393,190
Derivative contracts, net 62,138 [1]  
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 8,431,502 issued at June 30, 2014, and September 30, 2013 140,524 140,524
Capital in excess of par value 2,767,615 2,587,838
Deferred directors' compensation 3,026,134 2,756,526
Retained earnings 110,162,113 96,454,449
Stockholders' Equity 116,096,386 101,939,337
Less treasury stock, at cost; 192,874 shares at June 30, 2014, and 200,248 shares at September 30, 2013 (6,068,697) (6,283,851)
Total stockholders' equity 110,027,689 95,655,486
Total liabilities and stockholders' equity $ 247,203,287 $ 147,838,430
[1] See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.