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Condensed Balance Sheets - USD ($)
Mar. 31, 2016
Sep. 30, 2015
Current assets:    
Cash and cash equivalents $ 486,630 $ 603,915
Oil, NGL and natural gas sales receivables (net of allowance for uncollectable accounts) 4,231,534 7,895,591
Refundable income taxes 1,121,703 345,897
Refundable production taxes 454,018 476,001
Derivative contracts, net [1] 330,751 4,210,764
Other 331,845 252,016
Total current assets 6,956,481 13,784,184
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 433,557,440 441,141,337
Non-producing oil and natural gas properties 7,643,408 8,293,997
Other 1,060,392 1,393,559
Gross properties and equipment, at cost, based on successful efforts accounting 442,261,240 450,828,893
Less accumulated depreciation, depletion and amortization (240,429,941) (228,036,803)
Net properties and equipment 201,831,299 222,792,090
Investments 167,663 2,248,999
Total assets 208,955,443 238,825,273
Current liabilities:    
Accounts payable 1,447,314 2,028,746
Deferred income taxes 312,100 1,517,100
Accrued liabilities and other 936,629 1,330,901
Total current liabilities 2,696,043 4,876,747
Long-term debt 54,500,000 65,000,000
Deferred income taxes 32,918,907 39,118,907
Asset retirement obligations 2,895,488 2,824,944
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 16,863,004 issued at March 31, 2016, and September 30, 2015 280,938 280,938
Capital in excess of par value 3,000,554 2,993,119
Deferred directors' compensation 3,242,150 3,084,289
Retained earnings 113,871,183 125,446,473
Stockholders' Equity 120,394,825 131,804,819
Less treasury stock, at cost; 280,624 shares at March 31, 2015, and 302,623 shares at September 30, 2015 (4,449,820) (4,800,144)
Total stockholders' equity 115,945,005 127,004,675
Total liabilities and stockholders' equity $ 208,955,443 $ 238,825,273
[1] See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.