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Statements of Operations (USD $)
12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2010
Revenues:      
Oil, NGL and natural gas sales $ 40,818,434 $ 43,469,130 $ 44,068,947
Lease bonuses and rentals 7,152,991 352,757 1,120,674
Gains (losses) on derivative contracts 73,822 734,299 6,343,661
Income from partnerships 487,070 420,465 405,134
Total revenues 48,532,317 44,976,651 51,938,416
Costs and expenses:      
Lease operating expenses 9,141,970 8,441,754 8,193,319
Production taxes 1,449,537 1,456,755 1,446,545
Exploration costs 979,718 1,025,542 1,583,773
Depreciation, depletion and amortization 19,061,239 14,712,188 19,222,123
Provision for impairment 826,508 1,728,162 605,615
Loss (gain) on asset sales, interest and other 39,493 (68,325) (1,028,148)
General and administrative 6,388,856 5,994,663 5,594,499
Total costs and expenses 37,887,321 33,290,739 35,617,726
Income (loss) before provision (benefit) for income taxes 10,644,996 11,685,912 16,320,690
Provision (benefit) for income taxes 3,274,000 3,192,000 4,901,000
Net income (loss) $ 7,370,996 $ 8,493,912 $ 11,419,690
Basic and diluted earnings per common share:      
Net income (loss) $ 0.88 $ 1.01 $ 1.36