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Statements Of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Sep. 30, 2022
Operating Activities      
Net income $ 3,346,133 $ 13,920,800 $ 20,409,272
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 1,802,114 8,566,185 7,278,118
Impairment of producing properties 6,100,696 38,533 14,565
Provision for deferred income taxes 868,000 4,303,731 1,242,000
Gain from leasing fee mineral acreage (34,371) (1,067,992) (466,341)
Proceeds from leasing fee mineral acreage 67,651 1,213,913 688,207
Net (gain) loss on sales of assets (934,207) (4,728,758) (4,423,646)
Directors' deferred compensation expense 44,827 228,017 191,852
Total (gain) loss on derivative contracts (3,347,002) (6,859,589) 16,833,078
Cash receipts (payments) on settled derivative contracts (810,839) 2,743,475 (2,796,250)
Restricted stock award expense 524,257 2,205,910 2,211,673
Other 30,157 136,412 87,353
Cash provided (used) by changes in assets and liabilities:      
Natural gas, oil and NGL sales receivables 3,368,278 4,883,870 (6,723,292)
Income taxes receivable   (455,931) 2,413,942
Other current assets (309,051) (45,869) 250,568
Accounts payable (129,304) 69,228 (10,305)
Other non-current assets 63,723 206,292 (380,964)
Income taxes payable 80,569 (576,427) 161,808
Accrued liabilities (589,817) (610,661) 550,012
Total adjustments 6,795,681 10,250,339 17,122,378
Net cash provided by operating activities 10,141,814 24,171,139 37,531,650
Investing Activities      
Capital expenditures (87,104) (325,983) (552,638)
Acquisition of minerals and overriding royalty interests (14,499,014) (29,735,516) (43,525,236)
Net proceeds from sales of assets 1,137,730 9,614,194 13,217,844
Deposits received on held for sale assets 815,000    
Net cash provided (used) by investing activities (12,633,388) (20,447,305) (30,860,030)
Financing Activities      
Borrowings under Credit Facility 10,000,000 19,500,000 21,300,000
Payments of loan principal (5,000,000) (20,050,000) (10,500,000)
Net proceeds from equity issuance     5,006,538
Cash receipts from (payments on) off-market derivative contracts (3,010,661) (560,162) (19,260,104)
Purchases of treasury stock (52,460) (402,704) (1,855)
Payments of dividends (726,462) (3,520,366) (2,257,901)
Net cash provided (used) by financing activities 1,210,417 (5,033,232) (5,713,322)
Increase (decrease) in cash and cash equivalents (1,281,157) (1,309,398) 958,298
Cash and cash equivalents at beginning of period 3,396,809 2,115,652 2,438,511
Cash and cash equivalents at end of period 2,115,652 806,254 3,396,809
Supplemental Disclosures of Cash Flow Information      
Interest paid (net of capitalized interest) 581,142 2,405,361 997,085
Income taxes paid (net of refunds received) 32,431 1,464,087 384,249
Supplemental schedule of noncash investing and financing activities:      
Dividends declared and unpaid 811,688 113,443  
Gross additions to properties and equipment 14,710,613 30,761,578 46,791,346
Value of shares used for acquisitions     (3,510,001)
Net (increase) decrease in accounts receivable for properties and equipment additions (124,495) (700,079) 796,529
Capital expenditures and acquisitions $ 14,586,118 $ 30,061,499 $ 44,077,874