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Condensed Balance Sheets - USD ($)
Jun. 30, 2015
Sep. 30, 2014
Current Assets:    
Cash and cash equivalents $ 925,219 $ 509,755
Oil, NGL and natural gas sales receivables 9,455,779 16,227,469
Refundable production taxes 585,961 625,996
Derivative contracts, net [1] 5,402,106 1,650,563
Other 196,397 354,828
Total current assets 16,565,462 19,368,611
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 438,750,515 418,237,512
Non-producing oil and natural gas properties 8,703,427 10,260,717
Other 1,390,339 1,317,725
Total properties and equipment, at cost, based on successful efforts accounting 448,844,281 429,815,954
Less accumulated depreciation, depletion and amortization (222,231,830) (204,731,661)
Net properties and equipment 226,612,451 225,084,293
Investments 2,087,629 1,936,421
Derivative contracts, net [1]   251,279
Total assets 245,265,542 246,640,604
Current Liabilities:    
Accounts payable 5,948,158 7,034,773
Deferred income taxes 745,100 600,100
Income taxes payable 1,041,846 523,843
Accrued liabilities and other 1,017,544 1,290,858
Total current liabilities 8,752,648 9,449,574
Long-term debt 65,500,000 78,000,000
Deferred income taxes 40,072,907 37,363,907
Asset retirement obligations 2,786,229 2,638,470
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 16,863,004 issued at June 30, 2015, and September 30, 2014 280,938 280,938
Capital in excess of par value 2,879,000 2,861,343
Deferred directors' compensation 3,014,024 3,110,351
Retained earnings 127,002,060 118,794,188
Stockholders' Equity 133,176,022 125,046,820
Less treasury stock, at cost; 316,628 shares at June 30, 2015, and 372,364 shares at September 30, 2014 (5,022,264) (5,858,167)
Total stockholders' equity 128,153,758 119,188,653
Total liabilities and stockholders' equity $ 245,265,542 $ 246,640,604
[1] See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.