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Condensed Balance Sheets (USD $)
Mar. 31, 2012
Sep. 30, 2011
Current assets:    
Cash and cash equivalents $ 1,119,676 $ 3,506,999
Oil and natural gas sales receivables 6,950,126 8,811,404
Deferred income taxes 26,900 0
Refundable income taxes 0 354,246
Refundable production taxes 479,621 223,672
Derivative contracts 309,658 269,329
Other 195,792 95,408
Total current assets 9,081,773 13,261,058
Properties and equipment, at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 260,460,706 230,554,198
Non-producing oil and natural gas properties 9,889,633 11,100,350
Furniture and fixtures 655,201 628,929
Total properties and equipment, at cost, based on successful efforts accounting 271,005,540 242,283,477
Less accumulated depreciation, depletion and amortization (155,307,113) (146,147,514)
Net properties and equipment 115,698,427 96,135,963
Investments 823,028 667,504
Refundable production taxes 1,031,146 1,359,668
Total assets 126,634,374 111,424,193
Current liabilities:    
Accounts payable 3,399,998 4,899,593
Deferred income taxes 0 7,100
Income taxes payable 283,863 0
Accrued liabilities and other 1,024,793 1,040,269
Total current liabilities 4,708,654 5,946,962
Long-term debt 13,809,501 0
Deferred income taxes 25,170,393 24,777,650
Asset retirement obligations 1,934,291 1,843,875
Derivative contracts 0 53,389
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 8,431,502 issued at March 31, 2012 and September 30, 2011 140,524 140,524
Capital in excess of par value 1,844,004 1,924,507
Deferred directors' compensation 2,475,538 2,665,583
Retained earnings 82,698,964 79,771,563
Total stockholders' equity 87,159,030 84,502,177
Less treasury stock, at cost; 191,970 shares at March 31, 2012 and 175,331 shares at September 30, 2011 (6,147,495) (5,699,860)
Total stockholders' equity 81,011,535 78,802,317
Total liabilities and stockholders' equity $ 126,634,374 $ 111,424,193