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Condensed Statements Of Operations - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Oil, NGL and natural gas sales $ 11,443,590 $ 19,534,545 $ 43,400,839 $ 59,115,928
Lease bonuses and rentals 1,663,402 137,476 1,945,743 353,422
Gains (losses) on derivative contracts (1,443,472) (1,427,165) 11,706,955 (3,511,095)
Income from partnerships 85,368 130,121 373,555 565,523
Total revenues 11,748,888 18,374,977 57,427,092 56,523,778
Costs and expenses:        
Lease operating expenses 4,071,634 2,961,750 13,233,980 9,930,147
Production taxes 362,548 593,941 1,384,217 1,871,538
Exploration costs 19,911 6,956 48,368 70,140
Depreciation, depletion and amortization 5,729,460 5,314,777 17,680,069 15,562,630
Provision for impairment 132,118   3,532,760 430,143
Loss (gain) on asset sales and other (18,459) 3,897 (27,586) 31,086
Interest expense 383,047 40,697 1,195,056 40,697
General and administrative 1,565,575 1,825,374 5,374,206 5,349,921
Total costs and expenses 12,245,834 10,747,392 42,421,070 33,286,302
Income (loss) before provision (benefit) for income taxes (496,946) 7,627,585 15,006,022 23,237,476
Provision (benefit) for income taxes 232,000 2,505,000 4,797,000 7,534,000
Net income (loss) $ (728,946) $ 5,122,585 $ 10,209,022 $ 15,703,476
Basic and diluted earnings (loss) per common share (Note 3) $ (0.04) $ 0.31 $ 0.61 $ 0.94
Basic and diluted weighted average shares outstanding:        
Common shares 16,514,435 16,474,040 16,504,512 16,470,372
Unissued, directors' deferred compensation shares 246,893 255,670 256,084 252,102
Basic and diluted weighted average shares outstanding 16,761,328 16,729,710 16,760,596 16,722,474
Dividends declared per share of common stock and paid in period $ 0.04 $ 0.04 $ 0.12 $ 0.12