Condensed Balance Sheets - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 2,271,544	$ 806,254
Natural gas, oil, and NGL sales receivables (net of $0 allowance for uncollectable accounts)		5,071,590	4,900,126
Refundable income taxes		372,963	455,931
Derivative contracts, net	[1]	877,538	3,120,607
Other		703,210	878,659
Total current assets		9,296,845	10,161,577
Properties and equipment at cost, based on successful efforts accounting:
Producing natural gas and oil properties		216,696,381	209,082,847
Non-producing natural gas and oil properties		52,997,639	58,820,445
Other		1,361,064	1,360,614
Gross properties and equipment, at cost, based on successful efforts accounting		271,055,084	269,263,906
Less accumulated depreciation, depletion and amortization		(118,186,569)	(114,139,423)
Net properties and equipment		152,868,515	155,124,483
Derivative contracts, net	[1]		162,980
Operating lease right-of-use assets		502,194	572,610
Other, net		640,573	486,630
Total assets		163,308,127	166,508,280
Current liabilities:
Accounts payable		636,327	562,607
Current portion of operating lease liability		239,571	233,390
Accrued liabilities and other		1,457,285	1,215,275
Total current liabilities		2,333,183	2,011,272
Long-term debt		28,750,000	32,750,000
Deferred income taxes, net		6,829,023	6,757,637
Asset retirement obligations		1,083,947	1,062,139
Derivative contracts, net	[1]	239,372
Operating lease liability, net of current portion		574,598	695,818
Total liabilities		39,810,123	43,276,866
Stockholders' equity:
Common Stock, $0.01666 par value; ; 75,000,000 shares authorized and 36,121,723 issued at June 30, 2024; 54,000,500 shares authorized and 36,121,723 issued at December 31, 2023		601,788	601,788
Capital in excess of par value		43,054,447	41,676,417
Deferred directors' compensation		1,471,052	1,487,590
Retained earnings		78,891,082	80,022,839
Stockholders' Equity		124,018,369	123,788,634
Less treasury stock, at cost; 122,785 shares at June 30, 2024, and 131,477 shares at December 31, 2023		(520,365)	(557,220)
Total stockholders' equity		123,498,004	123,231,414
Total liabilities and stockholders' equity		$ 163,308,127	$ 166,508,280

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