Condensed Balance Sheets - USD ($)		Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents		$ 1,235,193	$ 2,115,652
Natural gas, oil, and NGL sales receivables (net of $0 allowance for uncollectable accounts)		5,414,075	9,783,996
Refundable income taxes		712,475
Held for sale assets			6,420,051
Derivative contracts, net	[1]	577,381
Other		438,524	1,543,956
Total current assets		8,377,648	19,863,655
Properties and equipment at cost, based on successful efforts accounting:
Producing natural gas and oil properties		202,915,457	181,431,139
Non-producing natural gas and oil properties		61,096,631	57,781,644
Other		1,353,686	1,122,436
Gross properties and equipment, at cost, based on successful efforts accounting		265,365,774	240,335,219
Less accumulated depreciation, depletion and amortization		(112,095,510)	(107,085,212)
Net properties and equipment		153,270,264	133,250,007
Derivative contracts, net	[1]		141,345
Operating lease right-of-use assets		606,978	706,871
Other, net		540,402	695,399
Total assets		162,795,292	154,657,277
Current liabilities:
Accounts payable		387,460	504,466
Derivative contracts, net	[1]		1,534,034
Income taxes payable			576,427
Current portion of operating lease liability		230,347	217,656
Held for Sale Liabilities			889,155
Accrued liabilities and other		2,024,369	3,121,522
Total current liabilities		2,642,176	6,843,260
Long-term debt		30,750,000	33,300,000
Deferred income taxes, net		5,709,906	2,453,906
Asset retirement obligations		1,051,224	1,027,777
Derivative contracts, net	[1]	230,453
Operating lease liability, net of current portion		755,541	929,208
Total liabilities		41,139,300	44,554,151
Stockholders' equity:
Common Stock, $0.01666 par value; 54,000,500 shares authorized and 35,938,900 issued at September 30, 2023; 54,000,500 shares authorized and 35,938,206 issued at December 31, 2022		598,742	598,731
Capital in excess of par value		44,249,366	43,344,916
Deferred directors' compensation		1,425,155	1,541,070
Retained earnings		78,618,090	68,925,774
Stockholders' Equity		124,891,353	114,410,491
Less treasury stock, at cost; 225,723 shares at September 30, 2023, and 300,272 shares at December 31, 2022		(3,235,361)	(4,307,365)
Total stockholders' equity		121,655,992	110,103,126
Total liabilities and stockholders' equity		$ 162,795,292	$ 154,657,277

[1] See Note 10: Fair Value Measurements for further disclosures regarding fair value of financial instruments.