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Condensed Statements Of Cash Flows - USD ($)
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Activities    
Net income (loss) $ 3,346,133 $ 6,682,249
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,802,114 1,583,760
Impairment of producing properties 6,100,696 5,585
Provision for deferred income taxes 868,000 366,000
Gain from leasing fee mineral acreage (34,371) (78,922)
Proceeds from leasing fee mineral acreage 67,651 95,039
Net (gain) loss on sales of assets (934,207) 2,163,359
Directors' deferred compensation expense 44,827 67,570
Total (gain) loss on derivative contracts (3,347,002) (2,836,168)
Cash receipts (payments) on settled derivative contracts (810,839)  
Restricted stock award expense 524,257 255,844
Other 30,157 37,138
Cash provided (used) by changes in assets and liabilities:    
Natural gas, oil and NGL sales receivables 3,368,278 (1,591,085)
Other current assets (309,051) (325,780)
Accounts payable (129,304) (95,649)
Income taxes receivable   2,413,942
Other non-current assets 63,723 10,253
Income taxes payable 80,569 165,889
Accrued liabilities (589,817) (281,034)
Total adjustments 6,795,681 1,955,741
Net cash provided by operating activities 10,141,814 8,637,990
Investing Activities    
Capital expenditures (87,104) (192,677)
Acquisition of minerals and overriding royalty interests (14,499,014) (11,643,827)
Net proceeds from sales of assets 1,137,730 4,586,492
Deposits received on held for sale assets 815,000  
Net cash provided (used) by investing activities (12,633,388) (7,250,012)
Financing Activities    
Borrowings under Credit Facility 10,000,000 4,000,000
Payments of loan principal (5,000,000) (1,500,000)
Net proceeds from equity issuance   (32,507)
Cash receipts from (payments on) off-market derivative contracts (3,010,661) (4,402,422)
Purchases of treasury stock (52,460)  
Payments of dividends (726,462) (332,210)
Net cash provided (used) by financing activities 1,210,417 (2,267,139)
Increase (decrease) in cash and cash equivalents (1,281,157) (879,161)
Cash and cash equivalents at beginning of period 3,396,809 2,438,511
Cash and cash equivalents at end of period 2,115,652 1,559,350
Supplemental Schedule of Noncash Investing and Financing Activities:    
Dividends declared and unpaid 811,688 517,479
Gross additions to properties and equipment 14,710,613 15,183,829
Equity offering used for acquisitions   (3,510,001)
Net (increase) decrease in accounts payable for properties and equipment additions (124,495) 162,676
Capital expenditures and acquisitions $ 14,586,118 $ 11,836,504