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Balance Sheets (USD $)
Sep. 30, 2014
Sep. 30, 2013
Current Assets:    
Cash and cash equivalents $ 509,755 $ 2,867,171
Oil, NGL and natural gas sales receivables 16,227,469 13,720,761
Refundable production taxes 625,996 662,051
Derivative contracts 1,650,563 [1] 425,198 [1]
Other 354,828 129,998
Total current assets 19,368,611 17,805,179
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 418,237,512 304,889,145
Non-producing oil and natural gas properties 10,260,717 8,932,905
Furniture and fixtures 1,317,725 737,368
Total properties and equipment, at cost, based on successful efforts accounting 429,815,954 314,559,418
Less accumulated depreciation, depletion and amortization (204,731,661) (186,641,291)
Net properties and equipment 225,084,293 127,918,127
Investments 1,936,421 1,574,642
Derivative contracts 251,279 [1]  
Refundable production taxes   540,482
Total assets 246,640,604 147,838,430
Current Liabilities:    
Accounts payable 7,034,773 8,409,634
Deferred income taxes 600,100 127,100
Income taxes payable 523,843 751,992
Accrued liabilities and other 1,290,858 1,011,865
Total current liabilities 9,449,574 10,300,591
Long-term debt 78,000,000 8,262,256
Deferred income taxes 37,363,907 31,226,907
Asset retirement obligations 2,638,470 2,393,190
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 16,863,004 issued at September 30, 2014 and 2013 280,938 140,524
Capital in excess of par value 2,861,343 2,587,838
Deferred directors' compensation 3,110,351 2,756,526
Retained earnings 118,794,188 96,454,449
Total stockholders' equity 125,046,820 101,939,337
Treasury stock, at cost; 372,364 shares at September 30, 2014, and 400,496 shares at September 30, 2013 (5,858,167) (6,283,851)
Total stockholders' equity 119,188,653 95,655,486
Total liabilities and stockholders' equity $ 246,640,604 $ 147,838,430
[1] See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.