Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Summary Of Provision For Income Taxes

	Year Ended		Three Months Ended		Year Ended
	December 31, 2023		December 31, 2022		September 30, 2022
Current:
Federal	$	190,914	$	88,000	$	2,522,000
State		240,815		25,000		438,000
		431,729		113,000		2,960,000
Deferred:
Federal		3,538,031		729,000		845,000
State		765,700		139,000		397,000
		4,303,731		868,000		1,242,000
	$	4,735,460	$	981,000	$	4,202,000

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

	Year Ended			Three Months Ended			Year Ended
	December 31, 2023			December 31, 2022			September 30, 2022
Provision for income taxes at statutory rate	$	3,917,815		$	908,698		$	5,168,366
Change in valuation allowance		(8,067	)		(953	)		(1,313,271	)
Percentage depletion		(408,729	)		(150,528	)		(602,490	)
State income taxes, net of federal provision		963,063			138,573			863,042
Restricted stock tax benefit		10,664			93,000			59,000
Deferred directors' compensation benefit		42,018			-			64,000
Nondeductible compensation		122,204			-			-
Law change		-			-			(56,094	)
Other		96,492			(7,790	)		19,447
	$	4,735,460		$	981,000		$	4,202,000

Summary Of Deferred Tax Assets And Liabilities

	December 31,		September 30,
	2023		2022
Deferred tax liabilities:
Financial basis in excess of tax basis, principally intangible    drilling costs capitalized for financial purposes and    expensed for tax purposes	$	10,825,555	$	5,121,376
Derivative contracts		802,712		-
Total deferred tax liabilities		11,628,267		5,121,376
Deferred tax assets:
State net operating loss carry forwards		293,701		14,737
Federal net operating loss carry forwards		2,234,275		-
Statutory depletion carryover		417,090		-
Asset retirement obligations		210,447		337,247
Deferred directors' compensation		331,879		331,395
Restricted stock expense		653,959		705,195
Derivative contracts		-		2,072,530
Interest expense limitation/carryover		643,067		-
Other		91,874		88,095
Total deferred tax assets		4,876,292		3,549,199
State NOL valuation allowance		5,662		13,729
Net deferred tax liabilities	$	6,757,637	$	1,585,906