Income Taxes (Tables)

12 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Summary Of Provision (Benefit) For Income Taxes

	2022		2021			2020
Current:
Federal	$	2,522,000	$	315,050		$	(3,642,000	)
State		438,000		19,000			-
		2,960,000		334,050			(3,642,000	)
Deferred:
Federal		845,000		(824,000	)		(3,611,000	)
State		397,000		(161,101	)		(1,036,000	)
		1,242,000		(985,101	)		(4,647,000	)
	$	4,202,000	$	(651,051	)	$	(8,289,000	)

Summary Of Difference Between Provision (Benefit) For Income Taxes And Amount Which Would Result From Application Of Federal Statutory Rate

	2022			2021			2020
Provision (benefit) for income taxes at statutory rate	$	5,168,366		$	(1,429,291	)	$	(6,765,705	)
Change in valuation allowance		(1,313,271	)		1,228,899			96,000
Percentage depletion		(602,490	)		(412,650	)		(258,300	)
State income taxes, net of federal provision (benefit)		863,042			(176,960	)		(939,310	)
Effect of NOL Carryback Rate		-			-			(610,803	)
Restricted stock tax benefit		59,000			76,000			58,000
Deferred directors' compensation benefit		64,000			54,000			79,000
Law change		(56,094	)		47,000			-
Other		19,447			(38,049	)		52,118
	$	4,202,000		$	(651,051	)	$	(8,289,000	)

Summary Of Deferred Tax Assets And Liabilities

	2022		2021
Deferred tax liabilities:
Financial basis in excess of tax basis, principally intangible    drilling costs capitalized for financial purposes and    expensed for tax purposes	$	5,121,376	$	4,090,017
Derivative contracts		-		-
Total deferred tax liabilities		5,121,376		4,090,017
Deferred tax assets:
State net operating loss carry forwards		14,737		238,439
Federal net operating loss carry forwards		-		-
Statutory depletion carryover		-		286,440
Asset retirement obligations		337,247		483,990
Deferred directors' compensation		331,395		390,683
Restricted stock expense		705,195		303,674
Derivative contracts		2,072,530		3,278,067
Other		88,095		91,717
Total deferred tax assets		3,549,199		5,073,010
Deferred tax asset valuation allowance		-		1,251,096
State NOL valuation allowance		13,729		75,803
Net deferred tax (assets) liabilities	$	1,585,906	$	343,906