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Condensed Statements Of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income (loss) $ 9,511,953 $ 4,568,555
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 4,100,322 4,143,948
Impairment of producing properties 2,073 6,277
Provision for deferred income taxes 2,679,000 (159,000)
Gain from leasing fee mineral acreage (425,141) (370,131)
Proceeds from leasing fee mineral acreage 488,173 450,881
Net (gain) loss on sales of assets (4,428,212) (3,028,394)
Directors' deferred compensation expense 109,383 79,728
Total (gain) loss on derivative contracts (3,985,826) 15,370,632
Cash receipts (payments) on settled derivative contracts 1,865,779 (1,215,245)
Restricted stock award expense 1,228,871 963,203
Other 70,526 18,515
Cash provided (used) by changes in assets and liabilities:    
Natural gas, oil and NGL sales receivables 3,944,092 (3,760,490)
Other current assets 405,055 247,518
Accounts payable (228,305) (155,410)
Income taxes receivable (675,268) (860,416)
Other non-current assets 95,283 (403,745)
Income taxes payable (576,427) (499,939)
Accrued liabilities (332,066) 304,497
Total adjustments 4,337,312 11,132,429
Net cash provided by operating activities 13,849,265 15,700,984
Investing Activities    
Capital expenditures (275,419) (158,847)
Acquisition of minerals and overriding royalty interests (11,914,003) (18,228,580)
Net proceeds from sales of assets 9,223,405 3,265,897
Net cash provided (used) by investing activities (2,966,017) (15,121,530)
Financing Activities    
Borrowings under Credit Facility 6,000,000 10,300,000
Payments of loan principal (15,550,000) (2,000,000)
Net proceeds from equity issuance   4,702,619
Cash receipts from (payments on) off-market derivative contracts (560,162) (9,443,174)
Purchases of treasury stock (669)  
Payments of dividends (1,620,442) (1,208,967)
Net cash provided (used) by financing activities (11,731,273) 2,350,478
Increase (decrease) in cash and cash equivalents (848,025) 2,929,932
Cash and cash equivalents at beginning of period 2,115,652 1,559,350
Cash and cash equivalents at end of period 1,267,627 4,489,282
Supplemental Disclosures of Cash Flow Information:    
Interest paid (net of capitalized interest) 1,155,637 487,487
Income taxes paid (net of refunds received) 1,473,696 2,528,356
Supplemental Schedule of Noncash Investing and Financing Activities:    
Gross additions to properties and equipment 12,952,046 18,248,046
Net (increase) decrease in accounts payable for properties and equipment additions (762,624) 139,381
Capital expenditures and acquisitions $ 12,189,422 $ 18,387,427