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Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
Oil, NGL and natural gas sales $ 14,100,844 $ 9,565,898 $ 26,859,798 $ 21,310,175
Lease bonuses and rentals 140,941 166,727 515,333 1,921,918
Gains (losses) on derivative contracts (1,811,359) 590,912 (918,666) 368,833
Income from partnerships 151,560 113,373 305,956 240,317
12,581,986 10,436,910 26,762,421 23,841,243
Costs and expenses:        
Lease operating expenses 2,638,342 2,051,487 5,934,904 4,316,399
Production taxes 412,886 343,852 716,439 782,351
Exploration costs 15,412 41,688 35,179 355,058
Depreciation, depletion and amortization 6,258,623 4,940,961 11,897,643 9,083,374
Provision for impairment 63,476 217,262 218,441 580,809
Loss (gain) on asset sales, interest and other (211,896) 29,537 (168,710) (47,504)
General and administrative 1,643,656 1,606,157 3,541,740 3,303,680
10,820,499 9,230,944 22,175,636 18,374,167
Income before provision for income taxes 1,761,487 1,205,966 4,586,785 5,467,076
Provision for income taxes 739,000 530,000 1,416,000 1,379,000
Net income $ 1,022,487 $ 675,966 $ 3,170,785 $ 4,088,076
Basic and diluted earnings per common share (Note 3) (in Dollars per share) $ 0.12 $ 0.08 $ 0.38 $ 0.49
Basic and diluted weighted average shares outstanding:        
Common shares (in Shares) 8,254,226 8,249,954 8,252,145 8,253,079
Unissued, directors' deferred compensation shares (in Shares) 113,258 133,851 113,045 133,387
(in Shares) 8,367,484 8,383,805 8,365,190 8,386,466
Dividends declared per share of common stock and paid in period (in Dollars per share) $ 0.07 $ 0.07 $ 0.14 $ 0.14