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Condensed Balance Sheets (Unaudited June 30,2013) (USD $)
Jun. 30, 2013
Sep. 30, 2012
Current assets:    
Cash and cash equivalents $ 1,381,705 $ 1,984,099
Oil, NGL and natural gas sales receivables 12,234,870 8,349,865
Derivative contracts 814,978  
Deferred income taxes 55,900 121,900
Refundable income taxes   325,715
Refundable production taxes 620,590 585,454
Other 124,617 255,812
Total current assets 15,232,660 11,622,845
Properties and equipment, at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 297,124,313 275,997,569
Non-producing oil and natural gas properties 9,504,728 10,150,561
Furniture and fixtures 720,565 668,004
307,349,606 286,816,134
Less accumulated depreciation, depletion and amortization (181,919,478) (165,199,079)
Net properties and equipment 125,430,128 121,617,055
Investments 1,509,609 1,034,870
Refundable production taxes 623,776 911,960
Total assets 142,796,173 135,186,730
Current liabilities:    
Accounts payable 6,648,091 6,447,692
Derivative contracts   172,271
Accrued liabilities and other 978,063 1,007,779
Total current liabilities 7,626,154 7,627,742
Long-term debt 13,565,237 14,874,985
Deferred income taxes 29,293,907 26,708,907
Asset retirement obligations 2,332,949 2,122,950
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 8,431,502 issued at June 30, 2013, and September 30, 2012 140,524 140,524
Capital in excess of par value 2,479,619 2,020,229
Deferred directors' compensation 2,667,765 2,676,160
Retained earnings 91,316,131 84,821,395
96,604,039 89,658,308
Less treasury stock, at cost; 211,155 shares at June 30, 2013, and 181,310 shares at September 30, 2012 (6,626,113) (5,806,162)
Total stockholders' equity 89,977,926 83,852,146
Total liabilities and stockholders' equity $ 142,796,173 $ 135,186,730