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Condensed Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net income $ 3,170,785 $ 4,088,076
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 11,897,643 9,083,374
Impairment 218,441 [1] 580,809 [1]
Provision for deferred income taxes 957,000 358,743
Exploration costs 35,179 355,058
Gain from leasing of fee mineral acreage (514,326) (1,922,690)
Net gain on sale of assets (208,750) (119,647)
Income from partnerships (305,956) (240,317)
Distributions received from partnerships 389,962 290,861
Directors' deferred compensation expense 201,197 216,724
Restricted stock awards 399,907 148,793
Oil and natural gas sales receivables (2,170,548) 1,861,278
Fair value of derivative contracts 1,087,443 (93,718)
Refundable production taxes 237,683 72,573
Other current assets 37,971 (48,078)
Accounts payable 426,487 100,827
Income taxes receivable (117,886) 354,246
Other non-current assets   308
Income taxes payable   283,863
Accrued liabilities (307,413) (309,323)
Total adjustments 12,264,034 10,973,684
Net cash provided by operating activities 15,434,819 15,061,760
Investing Activities    
Capital expenditures, including dry hole costs (12,719,947) (12,074,991)
Acquisition of working interest properties   (17,399,052)
Acquisition of minerals and overrides (330,000) (1,443,893)
Proceeds from leasing of fee mineral acreage 527,570 1,978,410
Investments in partnerships (418,891) (206,376)
Proceeds from sales of assets 870,610 131,693
Excess tax benefit on stock-based compensation 15,000 75,257
Net cash used in investing activities (12,055,658) (28,938,952)
Financing Activities    
Borrowings under debt agreement 4,181,199 32,458,470
Payments of loan principal (5,556,184) (18,648,969)
Purchase of treasury stock (507,345) (1,158,957)
Payments of dividends (1,164,178) (1,160,675)
Net cash provided by (used in) financing activities (3,046,508) 11,489,869
Increase (decrease) in cash and cash equivalents 332,653 (2,387,323)
Cash and cash equivalents at beginning of period 1,984,099 3,506,999
Cash and cash equivalents at end of period 2,316,752 1,119,676
Supplemental Schedule of Noncash Investing and Financing Activities    
Additions to asset retirement obligations 78,706 35,816
Gross additions to properties and equipment 13,310,629 29,559,055
Net (increase) decrease in accounts payable for properties and equipment additions (260,682) 1,358,881
Capital expenditures and acquisitions, including dry hole costs $ 13,049,947 $ 30,917,936
[1] Summary of impairments associated with certain assets measured at fair value on a nonrecurring basis within Level 3