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Condensed Statements Of Operations (USD $)
3 Months Ended 9 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Oil, NGL and natural gas sales $ 19,534,545 $ 15,827,137 $ 59,115,928 $ 42,686,935
Lease bonuses and rentals 137,476 24,146 353,422 539,479
Gains (losses) on derivative contracts (1,427,165) 1,714,832 (3,511,095) 796,166
Income from partnerships 130,121 164,330 565,523 470,286
Total revenues 18,374,977 17,730,445 56,523,778 44,492,866
Costs and expenses:        
Lease operating expenses 2,961,750 3,105,709 9,930,147 9,040,613
Production taxes 593,941 460,902 1,871,538 1,177,341
Exploration costs 6,956 25,648 70,140 60,827
Depreciation, depletion and amortization 5,314,777 5,192,544 15,562,630 17,090,187
Provision for impairment   7,400 430,143 225,841
Loss (gain) on asset sales, interest and other 44,594 29,789 71,783 (138,921)
General and administrative 1,825,374 1,585,285 5,349,921 5,127,025
Total costs and expenses 10,747,392 10,407,277 33,286,302 32,582,913
Income before provision for income taxes 7,627,585 7,323,168 23,237,476 11,909,953
Provision for income taxes 2,505,000 2,253,000 7,534,000 3,669,000
Net income $ 5,122,585 $ 5,070,168 $ 15,703,476 $ 8,240,953
Basic and diluted earnings per common share (Note 3) $ 0.61 $ 0.61 $ 1.88 $ 0.99
Basic and diluted weighted average shares outstanding:        
Common shares 8,237,020 8,163,520 8,235,186 8,247,642
Unissued, directors' deferred compensation shares 127,835 116,762 126,051 113,259
Basic and diluted weighted average shares outstanding 8,364,855 8,280,282 8,361,237 8,360,901
Dividends declared per share of common stock and paid in period $ 0.08 $ 0.07 $ 0.24 $ 0.21