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Subsequent Events
6 Months Ended
Mar. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events

NOTE 16: Subsequent Events

Effective April 13, 2012, the Company leased partial rights to 2,846 of its net mineral acres located in Roger Mills County, Oklahoma, to a large independent exploration and production company for $4,981,000. The Company retained a 3/16 royalty interest in all production from wells drilled on these leased rights. The rights leased were from the surface to 100 feet below the base of the Virgilian (the base of the Virgilian is equivalent to the base of the Tonkawa). The Company retained the rights to the deeper formations including the Hogshooter, Cleveland, Marmaton and Granite Wash. The transaction does not include any existing production or current proved reserves. The Company retains its perpetual mineral ownership.