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Condensed Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating Activities    
Net income $ 7,188,375 $ 5,849,531
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 13,680,737 10,782,656
Assessment of impairment 786,724 830,946
Provision for deferred income taxes 1,261,257 1,348,000
Exploration costs 384,199 995,512
Net (gain) loss on sale of assets and lease bonuses (7,049,445) (223,587)
Income from partnerships (355,898) (179,910)
Distributions received from partnerships 436,489 278,865
Directors' deferred compensation expense 314,655 330,332
Restricted stock awards 239,858 105,664
Cash provided by changes in assets and liabilities:    
Oil and natural gas sales receivables 2,645,853 653,278
Fair value of derivative contracts 46,468 1,348,877
Refundable production taxes 78,978 (40,806)
Other current assets 13,727 334,933
Accounts payable 374,076 36,593
Income taxes receivable 354,246 (878,860)
Other non-current assets 308  
Income taxes payable 690,951 (922,136)
Accrued liabilities (104,279) 41,801
Total adjustments 13,798,904 14,842,158
Net cash provided by operating activities 20,987,279 20,691,689
Investing Activities    
Capital expenditures, including dry hole costs (16,026,416) (17,059,135)
Acquisition of working interest properties (17,399,052)  
Acquisition of minerals and overrides (2,625,569) (299,755)
Proceeds from leasing of fee mineral acreage 7,042,364 256,583
Investments in partnerships (321,640) 29,912
Proceeds from sales of assets 131,843 938
Excess tax benefit on stock-based compensation 83,743  
Net cash used in investing activities (29,114,727) (17,071,457)
Financing Activities    
Borrowings under debt agreement 33,385,738  
Payments of loan principal (25,385,738)  
Purchase of treasury stock (1,158,957) (1,851,290)
Payments of dividends (1,740,920) (1,743,075)
Net cash provided by (used in) financing activities 5,100,123 (3,594,365)
Increase (decrease) in cash and cash equivalents (3,027,325) 25,867
Cash and cash equivalents at beginning of period 3,506,999 5,597,258
Cash and cash equivalents at end of period 479,674 5,623,125
Supplemental Schedule of Noncash Investing and Financing Activities    
Additions to asset retirement obligations 45,702 20,569
Gross additions to properties and equipment 35,945,287 17,818,134
Net (increase) decrease in accounts payable for properties and equipment additions 105,750 (459,244)
Capital expenditures and acquisitions, including dry hole costs $ 36,051,037 $ 17,358,890