Condensed Balance Sheets - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 2,601,681	$ 806,254
Natural gas, oil, and NGL sales receivables (net of $0 allowance for uncollectable accounts)		4,080,560	4,900,126
Refundable income taxes		343,814	455,931
Derivative contracts, net	[1]	761,527	3,120,607
Other		417,929	878,659
Total current assets		8,205,511	10,161,577
Properties and equipment at cost, based on successful efforts accounting:
Producing natural gas and oil properties		219,958,671	209,082,847
Non-producing natural gas and oil properties		52,503,370	58,820,445
Other		1,361,064	1,360,614
Gross properties and equipment, at cost, based on successful efforts accounting		273,823,105	269,263,906
Less accumulated depreciation, depletion and amortization		(120,301,196)	(114,139,423)
Net properties and equipment		153,521,909	155,124,483
Derivative contracts, net	[1]	33,726	162,980
Operating lease right-of-use assets		466,135	572,610
Other, net		596,830	486,630
Total assets		162,824,111	166,508,280
Current liabilities:
Accounts payable		512,936	562,607
Current portion of operating lease liability		243,184	233,390
Accrued liabilities and other		1,815,758	1,215,275
Total current liabilities		2,571,878	2,011,272
Long-term debt		27,750,000	32,750,000
Deferred income taxes, net		7,289,591	6,757,637
Asset retirement obligations		1,087,416	1,062,139
Operating lease liability, net of current portion		512,357	695,818
Total liabilities		39,211,242	43,276,866
Stockholders' equity:
Common Stock, $0.01666 par value; 75,000,000 shares authorized and 36,121,723 issued at September 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		43,526,595	41,676,417
Deferred directors' compensation		1,276,295	1,487,590
Retained earnings		78,492,889	80,022,839
Stockholders' Equity		123,897,567	123,788,634
Less treasury stock, at cost; 67,203 shares at September 30, 2024, and 131,477 shares at December 31, 2023		(284,698)	(557,220)
Total stockholders' equity		123,612,869	123,231,414
Total liabilities and stockholders' equity		$ 162,824,111	$ 166,508,280

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